No material news briefings were available for Costco Wholesale Corporation (COST) in the 30 days preceding this report's generation date of 2026-08-04. The principal driver of this report is a set of material institutional position changes identified in recent 13F filings, as detailed in the holdings section below [Brief - 2026-07-27].
Costco's trailing twelve-month revenue stood at $293.6 billion as of the most recent filing, representing year-over-year growth of 11.6%. Net income for the same period was $8.84 billion, with a net margin of 3.01% and an operating margin of 3.82%. Gross margin was recorded at 5.61%. EPS grew 15.19% year-over-year. The company held $18.95 billion in cash against total debt of $5.71 billion, yielding a net cash position. The P/E ratio was 47.99, with a market capitalisation of approximately $423.1 billion [SEC 10-Q - COST - 2026-05-10].
Insider activity in the current period comprised one transaction with a net value of zero, classified as mixed in direction [SEC Form 4 - COST - 2026-08]. At the institutional level, four prominent managers each 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) all initiated holdings where none had previously been reported [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 as of the report date shows the 10-year US Treasury yield (DGS10) at 4.75% and the 2-year yield (DGS2) at 4.28%, producing a normal yield curve with a spread of 47 basis points [FRED DGS10] [FRED DGS2]. This configuration reflects a term premium present in longer-dated US government debt, a relevant reference point for the discount rates applied across equity valuations broadly.