Stock Analysis on Net
Stock Analysis on Net

Costco Wholesale Corp. (NASDAQ:COST)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Costco Wholesale Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Aug 30, 2026 May 10, 2026 Feb 15, 2026 Nov 23, 2025 Aug 31, 2025 May 11, 2025 Feb 16, 2025 Nov 24, 2024 Sep 1, 2024 May 12, 2024 Feb 18, 2024 Nov 26, 2023 Sep 3, 2023 May 7, 2023 Feb 12, 2023 Nov 20, 2022 Aug 28, 2022 May 8, 2022 Feb 13, 2022 Nov 21, 2021 Aug 29, 2021 May 9, 2021 Feb 14, 2021 Nov 22, 2020
Accounts payable 25.37 25.87 24.69 28.40 25.66 26.26 25.42 29.70 27.81 27.75 26.38 27.61 25.34 25.25 24.54 27.79 27.82 27.64 27.09 30.49 27.47 27.13 26.19 28.25
Accrued salaries and benefits 6.33 6.04 6.74 6.25 6.75 6.38 7.03 6.52 6.87 6.43 7.24 6.07 6.20 6.17 6.71 6.54 6.83 6.41 6.89 6.21 6.90 6.68 7.52 5.96
Accrued member rewards 3.41 3.41 3.39 3.28 3.47 3.42 3.40 3.33 3.49 3.44 3.42 2.99 3.12 3.11 3.02 2.97 2.98 2.86 2.85 2.69 2.82 2.82 2.81 2.41
Deferred membership fees 3.38 3.65 3.74 3.61 3.70 3.88 3.86 3.66 3.58 3.76 3.83 3.34 3.39 3.65 3.61 3.52 3.39 3.53 3.56 3.42 3.45 3.67 3.73 3.30
Current portion of long-term debt 2.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other current liabilities 8.34 9.76 10.19 8.96 8.55 9.85 10.82 8.97 9.04 10.69 11.43 9.86 10.63 9.33 10.77 9.27 8.86 9.44 9.62 9.16 9.04 8.55 8.12 14.33
Current liabilities 49.36% 48.74% 48.74% 50.50% 48.13% 49.79% 50.53% 52.17% 50.79% 52.07% 52.30% 49.87% 48.68% 47.50% 48.64% 50.08% 49.87% 49.87% 50.01% 51.98% 49.67% 48.86% 48.37% 54.25%
Long-term debt, excluding current portion 4.40 6.56 6.80 6.84 7.41 7.57 7.86 7.83 8.30 8.59 8.84 7.96 7.79 9.73 9.73 9.80 10.11 10.19 10.56 10.39 11.29 13.09 13.70 12.50
Long-term operating lease liabilities 2.71 2.85 2.96 2.94 3.19 3.26 3.12 3.12 3.40 3.51 3.75 3.26 3.52 3.76 3.83 3.79 3.87 3.84 4.10 4.13 4.46 4.61 4.83 4.27
Other long-term liabilities 3.33 3.08 3.14 3.12 3.44 3.44 3.56 3.56 3.69 3.77 3.80 3.45 3.70 3.70 3.69 3.80 3.98 3.97 3.66 3.88 4.07 3.81 3.74 3.55
Other liabilities 10.43% 12.49% 12.90% 12.90% 14.04% 14.28% 14.54% 14.51% 15.39% 15.87% 16.40% 14.66% 15.01% 17.18% 17.25% 17.39% 17.95% 18.00% 18.32% 18.41% 19.82% 21.51% 22.26% 20.33%
Total liabilities 59.79% 61.23% 61.64% 63.40% 62.17% 64.06% 65.07% 66.68% 66.17% 67.94% 68.70% 64.53% 63.68% 64.69% 65.89% 67.47% 67.82% 67.87% 68.33% 70.38% 69.50% 70.36% 70.63% 74.58%
Preferred stock $.005 par value; no shares issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock $.005 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Additional paid-in capital 9.92 10.05 10.25 10.16 10.74 10.79 10.99 10.77 11.21 11.34 11.49 10.16 10.64 10.80 10.66 10.57 10.73 11.39 11.39 11.01 11.86 12.08 12.46 11.17
Accumulated other comprehensive loss -1.82 -1.92 -1.92 -2.39 -2.30 -2.54 -3.06 -2.93 -2.62 -2.83 -2.78 -2.50 -2.62 -2.52 -2.50 -2.92 -2.85 -2.51 -1.98 -1.89 -1.92 -1.59 -1.75 -1.83
Retained earnings 32.11 30.64 30.04 28.83 29.38 27.68 27.00 25.48 25.23 23.54 22.59 27.81 28.29 27.02 25.94 24.86 24.29 22.39 21.36 19.65 19.68 18.27 17.78 15.33
Total Costco stockholders’ equity 40.21% 38.77% 38.36% 36.60% 37.83% 35.94% 34.93% 33.32% 33.83% 32.06% 31.30% 35.47% 36.32% 35.31% 34.10% 32.52% 32.17% 31.27% 30.78% 28.78% 29.63% 28.78% 28.50% 24.68%
Noncontrolling interests 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.85 0.88 0.84 0.87 0.86 0.87 0.75
Total equity 40.21% 38.77% 38.36% 36.60% 37.83% 35.94% 34.93% 33.32% 33.83% 32.06% 31.30% 35.47% 36.32% 35.31% 34.11% 32.53% 32.18% 32.13% 31.67% 29.62% 30.50% 29.64% 29.37% 25.42%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2026-08-30), 10-Q (reporting date: 2026-05-10), 10-Q (reporting date: 2026-02-15), 10-Q (reporting date: 2025-11-23), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-11), 10-Q (reporting date: 2025-02-16), 10-Q (reporting date: 2024-11-24), 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22).

Over the analyzed period, a pronounced shift in the capital structure is observed, characterized by a consistent reduction in total liabilities and a corresponding increase in total equity. Total liabilities declined from 74.58% of total liabilities and equity in November 2020 to 59.79% by August 2026. Conversely, total equity expanded from 25.42% to 40.21%, indicating a strengthening of the solvency position and a reduced reliance on external financing.

Debt Profile and Long-Term Obligations
A significant downward trend in long-term debt is evident, decreasing from 12.50% in November 2020 to 4.40% by August 2026. This suggests a strategic deleveraging of the balance sheet over time. Notably, a current portion of long-term debt appeared in the final period at 2.52%, indicating upcoming debt maturities. Additionally, long-term operating lease liabilities showed a steady decline from 4.27% to 2.71%.
Equity Growth and Retained Earnings
The increase in total equity is primarily driven by a substantial rise in retained earnings, which grew from 15.33% to 32.11%. This trajectory reflects consistent profitability and the retention of earnings to fund growth. Additional paid-in capital remained relatively stable, fluctuating slightly between a high of 12.46% and a low of 9.92%. Accumulated other comprehensive loss remained consistently negative, ranging between -1.59% and -3.06%.
Current Operational Liabilities
Current liabilities generally fluctuated between 47.50% and 54.25% of the total balance sheet. Accounts payable remained the most significant component of current liabilities, typically oscillating between 24% and 30%. Accrued member rewards and deferred membership fees exhibited modest growth, with rewards increasing from 2.41% to 3.41% and deferred fees moving from 3.30% to 3.38%, signaling stable membership-based revenue streams.
Other Liability Trends
Other liabilities, including miscellaneous current and long-term obligations, experienced a general decline. Other current liabilities dropped from a peak of 14.33% to 8.34%, and other long-term liabilities decreased from 3.55% to 3.33%. These movements contribute to the overall trend of decreasing total liabilities relative to the total asset base.

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