Costco Wholesale's earnings per share without non-recurring items for the
three
months ended in May. 2026 was $4.90.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in May. 2026 was $19.76.
During the past 12 months, Costco Wholesale's average earnings per share (NRI) Growth Rate was 12.30% per year.
During the past 3 years, the average earnings per share (NRI) Growth Rate was 11.70% per year.
During the past 5 years, the average earnings per share (NRI) Growth Rate was 14.50% per year.
During the past 10 years, the average earnings per share (NRI) Growth Rate was 14.30% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for Costco Wholesale's EPS without NRI or its related term are showing as below:
COST'
s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -85.1 Med: 12 Max: 161.6
Current: 11.7
During the past 13 years, Costco Wholesale's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 161.60% per year. The lowest was -85.10% per year. And the median was 12.00% per year.
COST's 3-Year EPS without NRI Growth Rate is ranked better than 56.87% of 262
companies
in the Retail - Defensive industry
Industry Median: 7.95
vs COST: 11.70
Costco Wholesale's EPS (Diluted) for the
three
months ended in May. 2026 was $4.93.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was $19.88.
Costco Wholesale's EPS (Basic) for the
three
months ended in May. 2026 was $4.94.
Its EPS (Basic) for the trailing twelve months (TTM) ended in May. 2026 was $19.91.
Costco Wholesale (NAS:COST) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Costco Wholesale EPS without NRI Related Terms
Costco Wholesale EPS without NRI Historical Data
* Premium members only.
The historical data trend for Costco Wholesale's EPS without NRI can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Discount Stores subindustry, Costco Wholesale's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Costco Wholesale PE Ratio without NRI vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Costco Wholesale's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Costco Wholesale's PE Ratio without NRI falls into.
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $19.76
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Costco Wholesale (COST) has a EPS without NRI of $19.76 as of May. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Costco Wholesale and its competitors. According to the industry distribution chart, Costco Wholesale ranks #113 out of 262 companies in the Retail - Defensive industry, placing it in the top 43.1%.
Is Costco Wholesale's EPS without NRI too high?
Costco Wholesale's current EPS without NRI is $19.76. The Retail - Defensive industry median EPS without NRI is 7.95. Costco Wholesale's value of $19.76 is 148.6% above this industry median. Based on the distribution chart, Costco Wholesale ranks #113 out of 262 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Costco Wholesale has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Costco Wholesale's EPS without NRI compare to TGT and DG?
According to the Retail - Defensive industry distribution chart, Costco Wholesale ranks #113 out of 262 companies for EPS without NRI. This puts Costco Wholesale in the upper half of its industry. The industry median EPS without NRI is 7.95. Costco Wholesale's value of $19.76 is 148.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Retail - Defensive company?
The median EPS without NRI among Retail - Defensive companies is 7.95, based on 262 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Costco Wholesale's current EPS without NRI of $19.76 is 148.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Costco Wholesale and its competitors. For the Retail - Defensive industry, the median EPS without NRI is 7.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Costco Wholesale's current EPS without NRI is $19.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Costco Wholesale stock overvalued right now?
Based on GuruFocus' analysis, Costco Wholesale (COST) is currently considered Fairly Valued. The stock's GF Value™ is $1,015.53, compared to a current price of $941.71 — trading 7.3% below its estimated fair value. The current EPS without NRI is $19.76 and 148.6% above the Retail - Defensive industry median of 7.95. Costco Wholesale's overall GF Score™ is 96/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Costco Wholesale (COST), the current EPS without NRI is $19.76 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Costco Wholesale (COST) Overvalued in 2026?
Based on GuruFocus' analysis, Costco Wholesale stock appears to be undervalued.
The current stock price of $941.71 is trading 7.3% below its estimated GF Value™ of $1,015.53.
GuruFocus considers Costco Wholesale to be Fairly Valued.
Key valuation signals for COST:
EPS without NRI: $19.76
GF Value™: $1,015.53 vs. price of $941.71 (7.3% below fair value)
Industry Position: 148.6% above the Retail - Defensive median (#113 of 262)
No single metric tells the full story. See the COST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1983, Costco Wholesale now operates a global chain of membership-based warehouse clubs, delivering high-quality goods and services at consistently low prices. As of its most recent fiscal year, Costco operated approximately 910 warehouses, serving more than 80 million members across its three geographic segments: Costco US (approximately 73% of total revenue), Costco Canada (13%), and Costco International (14%).Costco's core value proposition—quality products at unbeatable prices—has yielded consistently strong member renewal rates (93% in the US and Canada and nearly 90% internationally). About 55% of Costco's fiscal 2025 revenue came from its grocery offerings, and another 25% from general merchandise.
96GF Score
Get the complete analysis for COST
EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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