Costco Wholesale (COST) Operating Expenses (2009 - 2026)
Costco Wholesale (COST) posted Operating Expenses of $6.3 billion for Q1 2026, down 0.98% on a QoQ basis from $6.3 billion in Q4 2025, and up 10.75% year-over-year from $5.7 billion in Q1 2025.
Costco Wholesale (COST) Operating Expenses (2009 - 2026) Analysis & Trends
Costco Wholesale's Operating Expenses history runs 18 years deep, the most recent figure standing at $6.3 billion for Q1 2026.
- Quarterly Operating Expenses rose 10.75% year-over-year to $6.3 billion in Q1 2026, while the trailing twelve-month figure through Feb 2026 was $26.1 billion (up 9.87% YoY) and the FY2025 annual result came in at $25.0 billion, up 9.45% from the prior year.
- Operating Expenses was $6.3 billion for Q1 2026 at Costco Wholesale, down from $6.3 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $7.8 billion in Q3 2025 and bottomed at $4.4 billion in Q2 2022.
- A 5-year average of $5.7 billion and a median of $5.7 billion in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses climbed 14.96% — and 2024, when it climbed 1.84%.
- Costco Wholesale's Operating Expenses stood at $4.9 billion in 2022, then grew by 8.97% to $5.4 billion in 2023, then increased by 9.11% to $5.8 billion in 2024, then grew by 8.35% to $6.3 billion in 2025, then slipped by 0.98% to $6.3 billion in 2026.
- Business Quant data shows COST's Operating Expenses at $6.3 billion in Q1 2026, $6.3 billion in Q4 2025, and $7.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 862.66 Bn | 858.28 Bn | 42.63 Bn | 37.20 Bn |
| 2 | Costco Wholesale | 410.89 Bn | 392.65 Bn | 8.88 Bn | 6.27 Bn |
| 3 | Target | 61.06 Bn | 57.53 Bn | 7.38 Bn | 5.56 Bn |
| 4 | Dollar General | 25.36 Bn | 24.22 Bn | 3.32 Bn | 2.72 Bn |
| 5 | Dollar Tree | 22.75 Bn | 21.75 Bn | 1.83 Bn | 1.38 Bn |
| 6 | BJ's Wholesale Club Holdings | 11.75 Bn | 11.72 Bn | 1.03 Bn | 819.99 Mn |
| 7 | Pricesmart | 5.65 Bn | 5.52 Bn | 262.22 Mn | 1.42 Bn |
| 8 | Bbb Foods | 4.68 Bn | 4.08 Bn | 210.92 Mn | -78.53 Mn |
| 9 | Ollie's Bargain Outlet Holdings | 4.00 Bn | 3.70 Bn | 310.92 Mn | 227.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 15, 2026 | 6.27 Bn |
| Nov 23, 2025 | 6.33 Bn |
| Aug 31, 2025 | 7.78 Bn |
| May 11, 2025 | 5.68 Bn |
| Feb 16, 2025 | 5.66 Bn |
| Nov 24, 2024 | 5.85 Bn |
| Sep 1, 2024 | 7.07 Bn |
| May 12, 2024 | 5.15 Bn |
| Feb 18, 2024 | 5.24 Bn |
| Nov 26, 2023 | 5.36 Bn |
| Sep 3, 2023 | 6.94 Bn |
| May 7, 2023 | 4.79 Bn |
| Feb 12, 2023 | 4.94 Bn |
| Nov 20, 2022 | 4.92 Bn |
| Aug 28, 2022 | 6.04 Bn |
| May 8, 2022 | 4.45 Bn |
| Feb 13, 2022 | 4.58 Bn |
| Nov 21, 2021 | 4.72 Bn |
| Aug 29, 2021 | 5.70 Bn |
| May 9, 2021 | 4.21 Bn |