Name: Costco Wholesale Corp. (NASDAQ:COST) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Costco Wholesale Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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
Cash and cash equivalents	20,207)	18,946)	17,383)	16,217)	14,161)	13,836)	12,356)	10,907)	9,906)	10,404)	9,095)	17,011)	13,700)	12,493)	12,970)	10,856)	10,203)	11,193)	11,819)	12,751)	11,258)	10,226)	8,637)	13,590)
Short-term investments	1,094)	1,050)	857)	966)	1,123)	1,014)	802)	920)	1,238)	1,095)	1,226)	853)	1,534)	1,215)	735)	817)	846)	638)	477)	725)	917)	900)	617)	833)
Receivables, net	3,959)	3,750)	3,782)	3,231)	3,203)	2,875)	3,060)	2,963)	2,721)	2,583)	2,779)	2,542)	2,285)	2,502)	2,714)	2,312)	2,241)	1,991)	2,232)	1,932)	1,803)	1,595)	1,934)	1,646)
Merchandise inventories	19,324)	19,418)	18,991)	21,141)	18,116)	18,606)	18,754)	20,979)	18,647)	17,430)	17,075)	18,001)	16,651)	16,324)	16,081)	18,571)	17,907)	17,623)	16,485)	16,942)	14,215)	13,975)	13,865)	14,901)
Other current assets	1,998)	2,013)	2,120)	1,856)	1,777)	1,820)	1,925)	1,754)	1,734)	1,776)	1,971)	1,673)	1,709)	1,755)	1,830)	1,594)	1,499)	1,563)	1,552)	1,500)	1,312)	1,220)	1,255)	1,126)
Current assets	46,582)	45,177)	43,133)	43,411)	38,380)	38,151)	36,897)	37,523)	34,246)	33,288)	32,146)	40,080)	35,879)	34,289)	34,330)	34,150)	32,696)	33,008)	32,565)	33,850)	29,505)	27,916)	26,308)	32,096)
Property and equipment, net	35,633)	34,293)	33,645)	32,616)	31,909)	30,582)	29,809)	29,336)	29,032)	28,062)	27,601)	27,168)	26,684)	25,931)	25,724)	25,144)	24,646)	24,143)	24,052)	23,887)	23,492)	23,177)	22,531)	22,288)
Operating lease right-of-use assets	2,697)	2,747)	2,759)	2,730)	2,725)	2,718)	2,531)	2,539)	2,617)	2,643)	2,740)	2,672)	2,713)	2,806)	2,859)	2,787)	2,774)	2,731)	2,840)	2,903)	2,890)	2,875)	2,887)	2,785)
Other long-term assets	4,133)	4,213)	4,102)	4,033)	4,085)	4,031)	3,987)	3,988)	3,936)	3,918)	3,836)	3,803)	3,718)	3,726)	3,935)	3,946)	4,050)	3,970)	3,621)	3,509)	3,381)	3,306)	3,192)	3,048)
Other assets	42,463)	41,253)	40,506)	39,379)	38,719)	37,331)	36,327)	35,863)	35,585)	34,623)	34,177)	33,643)	33,115)	32,463)	32,518)	31,877)	31,470)	30,844)	30,513)	30,299)	29,763)	29,358)	28,610)	28,121)
Total assets	89,045)	86,430)	83,639)	82,790)	77,099)	75,482)	73,224)	73,386)	69,831)	67,911)	66,323)	73,723)	68,994)	66,752)	66,848)	66,027)	64,166)	63,852)	63,078)	64,149)	59,268)	57,274)	54,918)	60,217)

Total assets exhibit a strong upward trajectory over the analyzed period, growing from 60,217 million US dollars in November 2020 to 89,045 million US dollars by August 2026. This expansion is characterized by a steady increase in long-term infrastructure and a fluctuating but ultimately increasing liquidity position.

Liquidity and Cash Management: Cash and cash equivalents demonstrate significant volatility, with a notable peak of 17,011 million US dollars in November 2023, followed by a sharp decline to 9,095 million US dollars in February 2024. However, a consistent recovery trend is observed from mid-2024 onward, culminating in a period high of 20,207 million US dollars in August 2026. Short-term investments have remained relatively stable, generally fluctuating between 477 million and 1,534 million US dollars, suggesting that the primary vehicle for liquidity management is cash rather than marketable securities.
Working Capital and Operational Assets: Merchandise inventories show a general growth pattern, rising from 14,901 million US dollars in 2020 to 19,324 million US dollars by August 2026. A significant spike occurred in November 2024, reaching 20,979 million US dollars, which may indicate seasonal stockpiling or strategic inventory expansion. Net receivables have seen a consistent and steady increase, more than doubling from 1,646 million US dollars in November 2020 to 3,959 million US dollars in August 2026, reflecting an increase in the scale of credit-based operations or vendor arrangements.
Fixed and Long-Term Assets: Property and equipment, net, exhibit the most consistent linear growth of all asset classes, increasing from 22,288 million US dollars to 35,633 million US dollars. This persistent upward trend indicates sustained capital expenditure in physical infrastructure and warehouse expansion. Conversely, operating lease right-of-use assets have remained relatively flat, with a slight downward trend from 2,785 million US dollars to 2,697 million US dollars, suggesting a preference for owned assets over leased facilities.
Total Asset Composition and Trends: The overall asset base experienced a period of accelerated growth between May 2023 and November 2023, where total assets jumped from 66,752 million to 73,723 million US dollars. Although a correction occurred in early 2024, the subsequent growth from 66,323 million US dollars in February 2024 to 89,045 million US dollars in August 2026 indicates a robust expansion phase. The combined growth of current assets and property and equipment underscores a simultaneous scaling of both operational capacity and liquidity.

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Costco Wholesale Corp. (NASDAQ:COST)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data