Costco Wholesale Corporation Reports Third Quarter and Year-To-Date Operating Results for Fiscal 2025

As the Postal Service enters the busiest weeks of the year for mailing and shipping, the agency reported new service delivery performance scores that showed improvements for First-Class Mail and Periodicals, and steady performance for Marketing Mail for the first six weeks of the fiscal first quarter. First quarter-to-date service performance scores covering the period Oct. 1 through Nov. 12 included: *First-Class Mail: 91.1 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of 2.6 percentage points from the fourth quarter. *Marketing Mail: 92.4 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fourth quarter. *Periodicals: 83.2 percent of Periodicals delivered on time against the USPS service standard, an improvement of .5 percentage points from the fourth quarter.

Third Quarter Fiscal Year 2020 Financial Highlights: *Adobe achieved record quarterly revenue of $3.23 billion in its third quarter of fiscal year 2020, which represents 14 percent year-over-year growth. Diluted earnings per share was $1.97 on a GAAP basis, representing 22 percent year-over-year growth, and $2.57 on a non-GAAP basis, representing 25 percent year-over-year growth. *Digital Media segment revenue was $2.34 billion, which represents 19 percent year-over-year growth. Creative revenue grew to $1.96 billion, representing 19 percent year-over-year growth. Document Cloud revenue was $375 million, representing 22 percent year-over-year growth. *Digital Media Annualized Recurring Revenue (“ARR”) increased $458 million quarter-over-quarter to $9.63 billion exiting the quarter, representing 24 percent year-over-year growth on a constant-currency basis. Creative ARR grew to $8.29 billion, and Document Cloud ARR grew to $1.34 billion. *Digital Experience segment revenue was $838 million. Digital Experience subscription revenue was $729 million, representing 7 percent year-over-year growth. Digital Experience subscription revenue, excluding Advertising Cloud revenue, grew 14 percent year-over-year. *GAAP operating income in the third quarter was $1.07 billion, and non-GAAP operating income was $1.40 billion. GAAP net income was $955 million, and non-GAAP net income was $1.25 billion.

The United States Postal Service reported new delivery performance metrics for the first week of the fiscal fourth quarter. The latest numbers show First-Class Mail performance exceeded 93 percent on-time delivery for the 15th consecutive week. For the first week of FY2022 Q4, the average time for the Postal Service to deliver a mailpiece or package across the nation was 2.5 days. FY2022 fourth quarter service performance scores covering July 1 through July 8 included: *First-Class Mail: 94.0 percent of First-Class Mail delivered on time against the USPS service standard, an increase of .5 percentage points with performance from the fiscal third quarter. *Marketing Mail: 93.2 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of 1.4 percentage points from the fiscal third quarter. *Periodicals: 86.9 percent of Periodicals delivered on time against the USPS service standard, an improvement of .5 percentage point from the fiscal third quarter.