Costco's Membership Model Continues to Deliver Predictable Growth

Key Takeaways Costco posted a 14% jump in Q1 FY26 membership fees to $1,329 million, highlighting the strength of its model.Membership income rose 7.3% excluding fee hikes and FX, driven by a growing base and more executive upgrades.Executive memberships rose 9.1% to 39.7 million and now account for 74.3% of total sales.Costco Wholesale Corporation’s (COST) membership-driven business model remains a key competitive advantage, driving reliable revenue growth and strong cash flow. High renewal rates and disci ...