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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Costco Wholesale (COST) Operating Margin (2016 - 2026)

Costco Wholesale's Operating Margin history spans 18 years, with the latest figure at 3.74% for Q1 2026.

  • For Q1 2026, Operating Margin rose 11.0% year-over-year to 3.74%; the TTM value through Feb 2026 reached 3.82%, up 13.0%, while the annual FY2025 figure was 3.77%, 12.0% up from the prior year.
  • Operating Margin reached 3.74% in Q1 2026 per COST's latest filing, up from 3.66% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 4.0% in Q2 2025 to a low of 3.13% in Q2 2023.
  • Average Operating Margin over 5 years is 3.57%, with a median of 3.53% recorded in 2024.
  • Peak YoY movement for Operating Margin: dropped -28bps in 2023, then surged 62bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 3.22% in 2022, then increased by 7bps to 3.43% in 2023, then increased by 3bps to 3.53% in 2024, then increased by 4bps to 3.66% in 2025, then increased by 2bps to 3.74% in 2026.
  • Per Business Quant, the three most recent readings for COST's Operating Margin are 3.74% (Q1 2026), 3.66% (Q4 2025), and 3.88% (Q3 2025).