Costco Wholesale (COST) Gross Margin (2009 - 2026)

Costco Wholesale (COST) has reported Gross Margin for 18 consecutive years, with 12.77% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Gross Margin fell 22.0% year-over-year to 12.77%; the trailing twelve-month figure through May 2026 stood at 12.88% (up 10.0% YoY), and the FY2025 full-year result was 12.84%, up 23.0% from the prior year.
• Gross Margin steadied at 12.77% in Q2 2026 per COST's latest filing, from 12.76% in the prior quarter.
• Across five years, Gross Margin topped out at 13.07% in Q4 2025 and bottomed at 11.84% in Q3 2022.
• Historically, Gross Margin has averaged 12.52% across 5 years, with a median of 12.53% in 2024.
• The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 108 bps in 2022, then soared 48 bps in 2023.
• Over 5 years, Gross Margin stood at 12.25% in 2022, then gained by 4 bps to 12.7% in 2023, then climbed by 2 bps to 12.94% in 2024, then increased by 1 bps to 13.07% in 2025, then dropped by 2 bps to 12.77% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 12.77%, 12.76%, and 13.07% for Q2 2026, Q1 2026, and Q4 2025 respectively.