Costco Wholesale annual operating margin
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2025
Costco Wholesale Operating Margin Growth & History (COST)
Costco Wholesale's operating margin was 3.77% for fiscal 2025.
View full Costco Wholesale company overviewCostco Wholesale annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-08-31 | 3.77% | +0.12 pp |
| 2024 | 2024-09-01 | 3.65% | +0.30 pp |
| 2023 | 2023-09-03 | 3.35% | −0.08 pp |
| 2022 | 2022-08-28 | 3.43% | +0.01 pp |
| 2021 | 2021-08-29 | 3.42% | +0.16 pp |
| 2020 | 2020-08-30 | 3.26% | +0.09 pp |
| 2018 | 2018-09-02 | 3.16% | −0.02 pp |
| 2017 | 2017-09-03 | 3.19% | +0.09 pp |
| 2016 | 2016-08-28 | 3.09% | −0.03 pp |
| 2015 | 2015-08-30 | 3.12% | +0.26 pp |
| 2014 | 2014-08-31 | 2.86% | −0.04 pp |
| 2013 | 2013-09-01 | 2.90% | +0.12 pp |
| 2012 | 2012-09-02 | 2.78% | +0.04 pp |
| 2011 | 2011-08-28 | 2.74% | +0.08 pp |
| 2010 | 2010-08-29 | 2.66% | +0.18 pp |
| 2009 | 2009-08-30 | 2.49% | −0.23 pp |
| 2008 | 2008-08-31 | 2.72% | — |
Costco Wholesale quarterly operating margin
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
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Q4.10
Q1.11
Q2.11
Q3.11
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Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
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Q1.14
Q2.14
Q3.14
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Q1.16
Q2.16
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Q4.16
Q1.17
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Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-05-10 | 3.99% | −0.01 pp |
| Q2 2026 | 2026-02-15 | 3.74% | +0.11 pp |
| Q1 2026 | 2025-11-23 | 3.66% | +0.13 pp |
| Q4 2025 | 2025-08-31 | 3.88% | +0.06 pp |
| Q3 2025 | 2025-05-11 | 4.00% | +0.25 pp |
| Q2 2025 | 2025-02-16 | 3.63% | +0.11 pp |
| Q1 2025 | 2024-11-24 | 3.53% | +0.10 pp |
| Q4 2024 | 2024-09-01 | 3.82% | +0.29 pp |
| Q3 2024 | 2024-05-12 | 3.75% | +0.62 pp |
| Q2 2024 | 2024-02-18 | 3.53% | +0.08 pp |
| Q1 2024 | 2023-11-26 | 3.43% | +0.22 pp |
| Q4 2023 | 2023-09-03 | 3.52% | +0.06 pp |
| Q3 2023 | 2023-05-07 | 3.13% | −0.28 pp |
| Q2 2023 | 2023-02-12 | 3.44% | −0.05 pp |
| Q1 2023 | 2022-11-20 | 3.22% | −0.15 pp |
| Q4 2022 | 2022-08-28 | 3.46% | −0.17 pp |
| Q3 2022 | 2022-05-08 | 3.41% | −0.27 pp |
| Q2 2022 | 2022-02-13 | 3.49% | +0.50 pp |
| Q1 2022 | 2021-11-21 | 3.36% | +0.05 pp |
| Q4 2021 | 2021-08-29 | 3.63% | +0.02 pp |
| Q3 2021 | 2021-05-09 | 3.67% | +0.51 pp |
| Q2 2021 | 2021-02-14 | 2.99% | −0.25 pp |
| Q1 2021 | 2020-11-22 | 3.31% | +0.45 pp |
| Q4 2020 | 2020-08-30 | 3.61% | +0.38 pp |
| Q3 2020 | 2020-05-10 | 3.16% | −0.23 pp |
| Q2 2020 | 2020-02-16 | 3.24% | +0.53 pp |
| Q1 2020 | 2019-11-24 | 2.86% | −0.39 pp |
| Q3 2019 | 2019-05-12 | 3.23% | −0.07 pp |
| Q2 2019 | 2019-02-17 | 3.40% | +0.32 pp |
| Q1 2019 | 2018-11-25 | 2.71% | −0.28 pp |
| Q4 2018 | 2018-09-02 | 3.26% | −0.17 pp |
| Q3 2018 | 2018-05-13 | 3.30% | −0.06 pp |
| Q2 2018 | 2018-02-18 | 3.08% | +0.24 pp |
| Q1 2018 | 2017-11-26 | 2.99% | −0.03 pp |
| Q4 2017 | 2017-09-03 | 3.43% | +0.17 pp |
| Q3 2017 | 2017-05-07 | 3.35% | +0.15 pp |
| Q2 2017 | 2017-02-12 | 2.84% | −0.20 pp |
| Q1 2017 | 2016-11-20 | 3.02% | +0.20 pp |
| Q4 2016 | 2016-08-28 | 3.26% | +0.03 pp |
| Q3 2016 | 2016-05-08 | 3.21% | +0.06 pp |
| Q2 2016 | 2016-02-14 | 3.04% | −0.16 pp |
| Q1 2016 | 2015-11-22 | 2.82% | −0.05 pp |
| Q4 2015 | 2015-08-30 | 3.23% | +0.16 pp |
| Q3 2015 | 2015-05-10 | 3.15% | +0.29 pp |
| Q2 2015 | 2015-02-15 | 3.19% | +0.44 pp |
| Q1 2015 | 2014-11-23 | 2.87% | +0.20 pp |
| Q4 2014 | 2014-08-31 | 3.07% | +0.13 pp |
| Q3 2014 | 2014-05-11 | 2.86% | −0.14 pp |
| Q2 2014 | 2014-02-16 | 2.75% | −0.22 pp |
| Q1 2014 | 2013-11-24 | 2.67% | −0.02 pp |
| Q4 2013 | 2013-09-01 | 2.94% | −0.01 pp |
| Q3 2013 | 2013-05-12 | 3.00% | +0.21 pp |
| Q2 2013 | 2013-02-17 | 2.97% | +0.16 pp |
| Q1 2013 | 2012-11-25 | 2.69% | +0.18 pp |
| Q4 2012 | 2012-09-02 | 2.95% | +0.24 pp |
| Q3 2012 | 2012-05-06 | 2.79% | +0.09 pp |
| Q2 2012 | 2012-02-12 | 2.80% | −0.05 pp |
| Q1 2012 | 2011-11-20 | 2.51% | −0.22 pp |
| Q4 2011 | 2011-08-28 | 2.70% | −0.15 pp |
| Q3 2011 | 2011-05-08 | 2.70% | −0.07 pp |
| Q2 2011 | 2011-02-13 | 2.86% | +0.35 pp |
| Q1 2011 | 2010-11-21 | 2.73% | +0.25 pp |
| Q4 2010 | 2010-08-29 | 2.85% | +0.18 pp |
| Q3 2010 | 2010-05-09 | 2.76% | +0.49 pp |
| Q2 2010 | 2010-02-14 | 2.51% | +0.14 pp |
| Q1 2010 | 2009-11-22 | 2.47% | −0.10 pp |
| Q4 2009 | 2009-08-30 | 2.67% | — |
| Q3 2009 | 2009-05-10 | 2.27% | — |
| Q2 2009 | 2009-02-15 | 2.36% | — |
| Q1 2009 | 2008-11-23 | 2.57% | — |
Costco Wholesale operating margin trends
Over the last five reported fiscal years, Costco Wholesale's operating margin increased from 3.26% to 3.77%, a change of +0.51 percentage points. The latest reported quarter, Q3 2026, shows 3.99%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Costco Wholesale filings at SEC.gov ↗