Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Costco Wholesale Corp., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30).
The financial performance over the analyzed periods reveals a consistently positive trajectory in key income metrics. Net income, including noncontrolling interests, demonstrates a clear upward trend, rising from 4,059 million USD in the earliest period to 8,099 million USD in the most recent, effectively doubling over the span. This steady increase indicates robust profitability growth.
Other comprehensive income, represented by foreign-currency translation adjustment and related components, exhibits notable volatility. After modest positive contributions in the initial years (162 million USD in 2020 and 181 million USD in 2021), a significant downturn occurs in 2022 with a negative adjustment of 721 million USD. Subsequently, this figure recovers, fluctuating slightly around neutral but showing modest positive changes most recently (58 million USD in 2025). This variability suggests exposure to foreign exchange risks or other comprehensive factors affecting equity not captured in net income.
Comprehensive income, which aggregates net income and other comprehensive income, aligns closely with the movements in net income, due to the dominance of the latter in magnitude. Except for the 2022 period where the negative other comprehensive income impacts the total comprehensive income, the overall trend is consistently upward, increasing from 4,221 million USD in 2020 to 8,157 million USD in 2025. The fluctuations in the comprehensive income related to noncontrolling interests are relatively minor and appear to diminish over time, with some recent periods lacking reported data.
The comprehensive income attributable specifically to the primary interest (Costco) follows the comprehensive income trend closely, confirming that the main interests are the primary contributors to total equity gains. This figure increases steadily, reflecting strong shareholder value growth.
- Key Observations:
- - Net income shows sustained growth, nearly doubling over the observed period.
- - Other comprehensive income experiences significant volatility, particularly a major negative adjustment in 2022, but remains near neutral or slightly positive in other years.
- - Comprehensive income trends are predominantly driven by net income trends, with minor effects from other comprehensive components.
- - Contributions from noncontrolling interests to comprehensive income are small and appear to decline or become unreported in recent years.
- - The financial data suggests strong and consistent profitability improvements alongside manageable fluctuations in foreign currency or other comprehensive adjustments.