Title: Costco earnings beat expectations, thanks to tariff refunds
URL Source: https://www.marketwatch.com/story/costco-earnings-beat-expectations-thanks-to-tariff-refunds-e7270cfa?mod=mw_rss_topstories
Published Time: 2026-09-24T20:54:00.000Z
Markdown Content:
[](https://www.marketwatch.com/)
Costco earnings beat expectations, thanks to tariff refunds
Share
Add us on Google
Choose MarketWatch as a preferred source of financial news
Resize
[](https://www.marketwatch.com/story/costco-earnings-beat-expectations-thanks-to-tariff-refunds-e7270cfa?mod=mw_rss_topstories#comments_sector)
[Skip to main content](https://www.marketwatch.com/story/costco-earnings-beat-expectations-thanks-to-tariff-refunds-e7270cfa?mod=mw_rss_topstories#maincontent)
Explore Our Brands
• [WSJ](https://www.wsj.com/client/silent-login?target=https%3A%2F%2Fwww.wsj.com)
*
• * *
• [Barron's](https://www.barrons.com/client/silent-login?target=https%3A%2F%2Fwww.barrons.com)
*
• * *
• [MarketWatch](https://www.marketwatch.com/client/silent-login?target=https%3A%2F%2Fwww.marketwatch.com)
*
• * *
• [IBD](https://myibd.investors.com/secure/signin.aspx?eurl=https%3A%2F%2Fwww.investors.com&prompt=none)
*
• * *
• [](https://www.wsj.com/subscribe?page=wsjplusns)
*
• * *
• [WSJ | Buy Side](https://www.wsj.com/client/silent-login?target=https%3A%2F%2Fwww.wsj.com%2Fbuyside)
[](https://www.marketwatch.com/ "Go to MarketWatch Home")
• [Investing](https://www.marketwatch.com/investing?mod=top_nav)
• [Personal Finance](https://www.marketwatch.com/personal-finance?mod=top_nav)
• [Retirement](https://www.marketwatch.com/retirement?mod=top_nav)[Economy](https://www.marketwatch.com/economy-politics?mod=top_nav)
• [Watchlist](https://www.marketwatch.com/watchlist?mod=top_nav)
Account Settings
• [Log In](https://www.marketwatch.com/client/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fcostco-earnings-beat-expectations-thanks-to-tariff-refunds-e7270cfa%3Fmod%3Dmw_rss_topstories)
• [Sign Up](https://www.marketwatch.com/sign-up)
[ETFs over sports bets: How these Gen Z investors are choosing to build wealth](https://www.marketwatch.com/story/how-is-gen-z-investing-their-money-over-a-dozen-share-their-strategies-for-todays-market-c8a418da?mod=bulletin_ribbon)
Site Search Clear SEARCH
[Advanced Search](https://www.marketwatch.com/search?q=)➔
Search Results
Symbols
No results found
• All News
• Articles
• Video
• Podcasts
0 Results
No Results Found
Authors
No results found
Sections
No results found
Columns
No results found
[DJIA 51349.98 -0.31%](https://www.marketwatch.com/investing/index/djia?mod=ticker_ribbon)
[S&P 500 7704.13 -0.02%](https://www.marketwatch.com/investing/index/spx?mod=ticker_ribbon)
[Nasdaq 26939.37 0.01%](https://www.marketwatch.com/investing/index/comp?mod=ticker_ribbon)
[VIX 15.67 3.23%](https://www.marketwatch.com/investing/index/vix?mod=ticker_ribbon)
[U.S. 10 Yr 5.207%](https://www.marketwatch.com/investing/bond/tmubmusd10y?countryCode=bx&mod=ticker_ribbon)
[Crude Oil 94.73 2.79%](https://www.marketwatch.com/investing/future/cl.1?mod=ticker_ribbon)
[Gold 4306.30 -0.28%](https://www.marketwatch.com/investing/future/gc00?mod=ticker_ribbon)
[Bitcoin 84362.31 -0.02%](https://www.marketwatch.com/investing/cryptocurrency/btcusd?mod=ticker_ribbon)
• [Home](https://www.marketwatch.com/?mod=breadcrumb)
• [Industries](https://www.marketwatch.com/investing?mod=breadcrumb)
• [Retail/Wholesale](https://www.marketwatch.com/investing/retail?mod=breadcrumb)
• [Earnings Results](https://www.marketwatch.com/column/earnings-results?mod=breadcrumb)
Earnings Results
Costco earnings beat expectations, thanks to tariff refunds
Retailer delivers fourth-quarter profit beat as investors pay close attention to pressures on U.S. consumers
By [Bill Peters](https://www.marketwatch.com/author/bill-peters?mod=article_byline)
Sept. 24, 2026, 4:54 p.m. ET
Share
Add us on Google
Choose MarketWatch as a preferred source of financial news
Resize
[](https://www.marketwatch.com/story/costco-earnings-beat-expectations-thanks-to-tariff-refunds-e7270cfa?mod=mw_rss_topstories#comments_sector)

Costco reported quarterly results on Thursday. Photo: Getty Images
Referenced Symbols
• [COST -0.91%](https://www.marketwatch.com/investing/stock/cost?mod=refsymb_mw)
• [WMT -2.66%](https://www.marketwatch.com/investing/stock/wmt?mod=refsymb_mw)
• [UBER -0.29%](https://www.marketwatch.com/investing/stock/uber?mod=refsymb_mw)
Costco Wholesale on Thursday reported quarterly results that beat expectations, helped in part by tariff refunds.
The retail giant reported fourth-quarter revenue of $95.72 billion, an 11% year-over year gain and above FactSet forecasts for $94.97 billion. Same-store sales, or those made at established stores, rose 9.4% during the period, topping estimates for a 9% increase.
Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Continue reading your article with
a MarketWatch subscription
[Subscribe Now](https://subscribe.marketwatch.com/)
Already a subscriber? [Sign In](https://www.marketwatch.com/client/login?target=?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fcostco-earnings-beat-expectations-thanks-to-tariff-refunds-e7270cfa)
About the Author
[Bill Peters](https://www.marketwatch.com/author/bill-peters?mod=article_byline)
[](mailto:bpeters@marketwatch.com)
[](https://x.com/billwpeters)
Bill Peters is a Los Angeles–based MarketWatch reporter.
Show Conversation (0)
Partner Center
• * *
Most Popular
[](https://www.marketwatch.com/story/stop-trying-to-beat-the-market-even-the-richest-americans-cant-do-it-consistently-4560e275?mod=MW_article_top_stories)
[Stop trying to beat the market: Even the richest Americans can’t do it consistently](https://www.marketwatch.com/story/stop-trying-to-beat-the-market-even-the-richest-americans-cant-do-it-consistently-4560e275?mod=MW_article_top_stories)
• * *
[](https://www.marketwatch.com/story/oracles-stock-is-falling-as-investors-fear-a-data-center-setback-d8105ef9?mod=MW_article_top_stories)
[Oracle’s stock is falling as investors fear a data-center setback](https://www.marketwatch.com/story/oracles-stock-is-falling-as-investors-fear-a-data-center-setback-d8105ef9?mod=MW_article_top_stories)
• * *
[](https://www.marketwatch.com/story/companies-keep-raising-prices-the-fed-is-trying-to-get-them-to-reconsider-a57b9af7?mod=MW_article_top_stories)
[Companies keep raising prices. The Fed is trying to get them to reconsider.](https://www.marketwatch.com/story/companies-keep-raising-prices-the-fed-is-trying-to-get-them-to-reconsider-a57b9af7?mod=MW_article_top_stories)
• * *
[](https://www.marketwatch.com/story/8-mortgage-rates-are-not-an-impossibility-as-the-30-year-fixed-rate-surges-aa202464?mod=MW_article_top_stories)
[8% mortgage rates are ‘not an impossibility’ as the 30-year fixed rate surges](https://www.marketwatch.com/story/8-mortgage-rates-are-not-an-impossibility-as-the-30-year-fixed-rate-surges-aa202464?mod=MW_article_top_stories)
• * *
[](https://www.marketwatch.com/story/here-are-3-alternatives-for-investors-looking-to-dodge-the-bond-market-beatdown-ec8fda43?mod=MW_article_top_stories)
[Here are 3 alternatives for investors looking to dodge the bond-market beatdown](https://www.marketwatch.com/story/here-are-3-alternatives-for-investors-looking-to-dodge-the-bond-market-beatdown-ec8fda43?mod=MW_article_top_stories)
• * *
Advertisement
Advertisement
BACK TO TOP
[A Dow Jones Company](https://www.marketwatch.com/)
Copyright © 2026 MarketWatch, Inc. All rights reserved.
[Terms of Use](https://www.dowjones.com/terms-of-use)[Privacy Notice](https://www.dowjones.com/privacy-notice)[Cookie Notice](https://www.dowjones.com/cookie-notice)[Archive](https://www.marketwatch.com/archive/years)
[](https://www.facebook.com/marketwatch)[](https://x.com/marketwatch)[](https://www.linkedin.com/company/marketwatch)[](https://apps.apple.com/us/app/marketwatch/id336693422)[](https://play.google.com/store/apps/details?id=com.marketwatch)
##### Marketwatch
• [Live Coverage](https://www.marketwatch.com/livecoverage?mod=BOL_footer)
• [Customer Center](https://customercenter.marketwatch.com/public)
• [Contact Us](https://customercenter.marketwatch.com/contact)
• [Newsletters](https://www.marketwatch.com/newsletters?mod=footerMW)
• [Newsroom Roster](https://www.marketwatch.com/newsroom)
• [Virtual Stock Exchange](https://www.marketwatch.com/games)
• [MarketWatch Guides](https://www.marketwatch.com/insurance-services)
• [Copyright Policy](https://www.marketwatch.com/site/copyright-policy)
• [Manage Notifications](https://www.marketwatch.com/site/manage-web-notifications)
• [Cancel My Subscription](https://customercenter.marketwatch.com/subscription-cancel?subtype=marketwatch)
##### Company
• [Dow Jones](https://www.dowjones.com/)
• [Code of Conduct](https://www.dowjones.com/code-of-conduct)
• [Corrections](https://www.marketwatch.com/column/corrections)
• [Reprints & Licensing](https://www.djreprints.com/)
• [Digital Self Service](https://wsjbg-adsmanager.com/?action=login)
• [Your Ad Choices](https://www.dowjones.com/cookie-notice/?mod=MW#h-5-5-advertising-cookies)
• [Corporate Subscriptions](https://corporate.marketwatch.com/?mod=djm_marketwatchfooter_44669&LS=Website&utm_source=Website&utm_campaign=marketwatchfooter)
• [Accessibility](https://www.dowjones.com/accessibility-statement)
##### Dow Jones Network
• [The Wall Street Journal](https://www.wsj.com/)
• [Barron's](https://www.barrons.com/)
• [Investor's Business Daily](https://www.investors.com/)
• [Financial News London](https://www.fnlondon.com/)
• [realtor.com](https://www.realtor.com/)
• [Mansion Global](https://www.mansionglobal.com/)
• [Dow Jones Smart Money](https://www.dowjones.com/smartmoney)
Intraday Data provided by [FACTSET](https://www.factset.com/) and subject to [terms of use](https://www.marketwatch.com/support/investing-terms-of-use). Historical and current end-of-day data provided by [FACTSET](https://www.factset.com/). All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

Surprised they beat estimates given the consumer pressure. Is this sustainable or just a temporary win?
One-time tariff refunds inflating profits feels like a smoke and mirrors trick. I worry about real membership growth.