No material news briefings were available for Costco Wholesale Corporation (COST) in the 30 days preceding this report's generation date of 2026-07-03. The principal driver of this report is a set of material institutional position changes identified in recent 13F filings [Brief - 2026-06-25].
As of the most recent quarterly filing, Costco reported trailing twelve-month revenue of approximately $293.6 billion, representing year-over-year growth of 11.6%. Net income over the same period was $8.8 billion, with a net margin of 3.01% and an operating margin of 3.82%. Gross margin stood at 5.61%, consistent with the company's membership-driven, high-volume model. EPS grew 15.2% year-over-year. The company held $18.9 billion in cash against total debt of $5.7 billion. The trailing P/E ratio was recorded at 47.87, and market capitalisation was approximately $422.1 billion [SEC 10-Q - COST - 2026-05-10].
Insider activity in July 2026 recorded one transaction, directionally a disposal, with a net sold value of approximately $847,345 [SEC Form 4 - COST - 2026-07]. On the institutional side, four notable managers opened new positions in COST during the most recent reporting period: Citadel (Ken Griffin), AQR Capital (Cliff Asness), Millennium (Izzy Englander), and Bridgewater (Ray Dalio). These simultaneous new entries across multiple large institutional filers represent the primary trigger for this report [SEC 13F - Citadel - Q2 2026] [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - Bridgewater - Q2 2026].
The prevailing macro environment reflects a normal yield curve, with the 10-year Treasury yield at 4.48% and the 2-year at 4.17%, a spread of 31 basis points [FRED DGS10] [FRED DGS2]. This configuration marks a continuation of the yield curve normalisation observed in prior periods, following an extended phase of inversion.