Costco Wholesale (COST) Gross Margin (2009 - 2026)
Costco Wholesale's (COST) quarterly Gross Margin came in at 12.76% in Q1 2026, up 23.0% YoY from 10.37% in Q1 2025, and down 2.4% on a QoQ basis from 13.07% in Q4 2025.
Costco Wholesale (COST) Gross Margin (2009 - 2026) Analysis & Trends
Costco Wholesale (COST) has 18 years of Gross Margin data on file, last reported at 12.76% in Q1 2026.
- Quarterly Gross Margin rose 23.0% year-over-year to 12.76% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 12.93% (up 25.0% YoY) and the FY2025 annual result came in at 12.84%, up 23.0% from the prior year.
- Gross Margin slipped to 12.76% in Q1 2026, from 13.07% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 13.07% in Q4 2025 to a low of 11.84% in Q3 2022.
- A 5-year average of 12.51% and a median of 12.52% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 108 bps — and 2023, when it surged 48 bps.
- Tracing COST's Gross Margin over 5 years: stood at 12.25% in 2022, then increased by 4 bps to 12.7% in 2023, then gained by 2 bps to 12.94% in 2024, then climbed by 1 bps to 13.07% in 2025, then declined by 2 bps to 12.76% in 2026.
- The last three Gross Margin figures came in at 12.76% (Q1 2026), 13.07% (Q4 2025), and 12.91% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 828.54 Bn | 817.81 Bn | 44.69 Bn | 25.14% |
| 2 | Costco Wholesale | 414.96 Bn | 394.96 Bn | 9.01 Bn | 12.77% |
| 3 | Target | 72.00 Bn | 68.46 Bn | 7.38 Bn | 29.01% |
| 4 | Dollar General | 26.64 Bn | 25.29 Bn | 3.41 Bn | 31.62% |
| 5 | Dollar Tree | 25.25 Bn | 24.24 Bn | 1.83 Bn | 36.87% |
| 6 | BJ's Wholesale Club Holdings | 11.76 Bn | 11.73 Bn | 1.03 Bn | 18.16% |
| 7 | Bbb Foods | 5.91 Bn | 5.23 Bn | 250.62 Mn | 16.75% |
| 8 | Pricesmart | 5.12 Bn | 4.80 Bn | 262.22 Mn | 17.70% |
| 9 | Ollie's Bargain Outlet Holdings | 4.56 Bn | 4.31 Bn | 275.96 Mn | 41.88% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 10, 2026 | 12.77% |
| Feb 15, 2026 | 12.76% |
| Nov 23, 2025 | 13.07% |
| Aug 31, 2025 | 12.91% |
| May 11, 2025 | 12.99% |
| Feb 16, 2025 | 12.52% |
| Nov 24, 2024 | 12.94% |
| Sep 1, 2024 | 12.68% |
| May 12, 2024 | 12.55% |
| Feb 18, 2024 | 12.49% |
| Nov 26, 2023 | 12.70% |
| Sep 3, 2023 | 12.31% |
| May 7, 2023 | 12.07% |
| Feb 12, 2023 | 12.38% |
| Nov 20, 2022 | 12.25% |
| Aug 28, 2022 | 11.84% |
| May 8, 2022 | 11.87% |
| Feb 13, 2022 | 12.31% |
| Nov 21, 2021 | 12.73% |
| Aug 29, 2021 | 12.67% |