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
DateValue
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