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: 2026-08-30), 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).
The financial data indicates a period of sustained growth in profitability and comprehensive income, characterized by a consistent upward trajectory in net income and a recovery from previous volatility in other comprehensive income components.
- Net Income Growth
- A consistent year-over-year increase in net income is observed, rising from 5,079 million US$ in 2021 to a projected 9,226 million US$ by 2026. This represents a steady expansion of the bottom line, with the most significant nominal increases occurring in the projected period between 2024 and 2026.
- Other Comprehensive Income (OCI) Volatility
- The components of other comprehensive income, primarily driven by foreign-currency translation adjustments, exhibit significant volatility. A notable negative adjustment of 721 million US$ occurred in 2022, which acted as a drag on the overall comprehensive income for that period. Following this decline, OCI values stabilized, showing marginal fluctuations before a projected increase to 150 million US$ by 2026.
- Comprehensive Income Trajectory
- Total comprehensive income followed a generally positive trend, with a slight contraction in 2022 (5,194 million US$) relative to 2021 (5,260 million US$) due to the aforementioned currency adjustments. From 2023 onward, a strong recovery and growth phase is evident, with comprehensive income attributable to the company projected to reach 9,376 million US$ by 2026.
- Attributable Interests
- The impact of noncontrolling interests on comprehensive income was minimal and limited to the early years of the analyzed period, with values of -93 million US$ in 2021 and -36 million US$ in 2022, after which these figures ceased to be a significant factor in the reported comprehensive income.
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