Costco Wholesale (COST) Net Margin (2009 - 2026)
Costco Wholesale's (COST) quarterly Net Margin came in at 2.92% in Q1 2026, up 12.0% YoY from 2.61% in Q1 2025, and down 1.65% on a QoQ basis from 2.97% in Q4 2025.
Costco Wholesale (COST) Net Margin (2009 - 2026) Analysis & Trends
Costco Wholesale (COST) has 18 years of Net Margin data on file, last reported at 2.92% in Q1 2026.
- Quarterly Net Margin rose 12.0% year-over-year to 2.92% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 2.99% (up 10.0% YoY) and the FY2025 annual result came in at 2.94%, up 5.0% from the prior year.
- Net Margin eased to 2.92% in Q1 2026, from 2.97% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 3.03% in Q3 2025 to a low of 2.43% in Q2 2023.
- A 5-year average of 2.78% and a median of 2.81% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2023 — Net Margin retreated 18 bps — and 2024, when it jumped 45 bps.
- Tracing COST's Net Margin over 5 years: stood at 2.51% in 2022, then gained by 10 bps to 2.75% in 2023, then advanced by 5 bps to 2.89% in 2024, then climbed by 3 bps to 2.97% in 2025, then fell by 2 bps to 2.92% in 2026.
- The last three Net Margin figures came in at 2.92% (Q1 2026), 2.97% (Q4 2025), and 3.03% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 828.54 Bn | 817.81 Bn | 44.69 Bn | 3.09% |
| 2 | Costco Wholesale | 414.96 Bn | 394.96 Bn | 9.01 Bn | 3.11% |
| 3 | Target | 72.00 Bn | 68.46 Bn | 7.38 Bn | 3.07% |
| 4 | Dollar General | 26.64 Bn | 25.29 Bn | 3.41 Bn | 4.12% |
| 5 | Dollar Tree | 25.25 Bn | 24.24 Bn | 1.83 Bn | 6.98% |
| 6 | BJ's Wholesale Club Holdings | 11.76 Bn | 11.73 Bn | 1.03 Bn | 2.52% |
| 7 | Bbb Foods | 5.91 Bn | 5.23 Bn | 250.62 Mn | 22.85% |
| 8 | Pricesmart | 5.12 Bn | 4.80 Bn | 262.22 Mn | 2.68% |
| 9 | Ollie's Bargain Outlet Holdings | 4.56 Bn | 4.31 Bn | 275.96 Mn | 8.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 10, 2026 | 3.11% |
| Feb 15, 2026 | 2.92% |
| Nov 23, 2025 | 2.97% |
| Aug 31, 2025 | 3.03% |
| May 11, 2025 | 3.01% |
| Feb 16, 2025 | 2.81% |
| Nov 24, 2024 | 2.89% |
| Sep 1, 2024 | 2.95% |
| May 12, 2024 | 2.87% |
| Feb 18, 2024 | 2.98% |
| Nov 26, 2023 | 2.75% |
| Sep 3, 2023 | 2.74% |
| May 7, 2023 | 2.43% |
| Feb 12, 2023 | 2.65% |
| Nov 20, 2022 | 2.51% |
| Aug 28, 2022 | 2.61% |
| May 8, 2022 | 2.61% |
| Feb 13, 2022 | 2.54% |
| Nov 21, 2021 | 2.67% |
| Aug 29, 2021 | 2.70% |