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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market Information and Dividend Policy

Our common stock is traded on the NASDAQ Global Select Market under the symbol “COST.” On September 29, 2026, we had 10,703 stockholders of record.

Payment of dividends is subject to declaration by the Board of Directors. Factors considered in determining dividends include our profitability and expected capital needs. Subject to these qualifications, we presently expect to continue to pay dividends on a quarterly basis.

Issuer Purchases of Equity Securities

The following table sets forth information on our common stock repurchase activity for the fourth quarter of 2026 (dollars in millions, except per share data):

PeriodTotal Number of Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Program**(1)**Maximum Dollar Value of Shares that May Yet be Purchased under the Program
May 11—June 7, 202660,000$1,010.1360,000$1,298
June 8—July 5, 202664,000961.1564,0001,237
July 6—August 2, 202665,000939.1165,0001,176
August 3—August 30, 202664,000951.0364,0001,115
Total fourth quarter253,000$964.62253,000

(1)Our share repurchase program is conducted under a $4,000 authorization approved by our Board of Directors in January 2023, which expires in January 2027.

Performance Graph

The following graph compares the cumulative total shareholder return assuming reinvestment of dividends on an investment of $100 in Costco common stock, S&P 500 Index, and the S&P Retail Select Index over the five years from August 29, 2021, through August 30, 2026. The S&P Retail Select Index comprises stocks in the S&P Total Market Index that are classified in the GICS Apparel Retail, Automotive Retail, Broadline Retail, Computer & Electronic Retail, Consumer Staples Merchandise Retail, Drug Retail, Food Retailers, and Other Specialty Retail sub-industries.

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The following graph provides information concerning average sales per warehouse over a 10-year period.

Average Sales Per Warehouse*
(Sales In Millions)
Year Opened# of Whses
202625$187
202524$192219
202429$170192217
202323$151166186209
202223$150158179201226
202120$140158172187210234
202013$132152184193215240268
201920$129138172208216226242262
201821$116119141172202214231245264
2017 & Before741$163178185196223254263274286306
Totals939$163$176$182$192$217$245$252$260$272$292
2017201820192020202120222023202420252026
Fiscal Year
*First year sales annualized.
2017 and 2023 were 53-week fiscal years but have been normalized for purposes of comparability.

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