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Costco Wholesale Corporation (COST) Operating Margin: 3.82%

Is Costco Wholesale Corporation’s operating margin high or low?

Costco Wholesale Corporation's operating margin of 3.82% is in line with its 5-year average of 3.52%, near the high end of its 5-year range (3.35%–3.77%).

The operating margin for Costco Wholesale Corporation (COST) is 3.82% as of Wednesday, June 10, 2026. It is above its 12-month average by 2.96% (3.71%).

COST Operating Margin Chart

COST Operating Margin
3.77%+3.29% 1Y
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COST Average Operating Margin Chart

COST Current vs Average Operating Margin Chart

COST Operating Margin Metrics

OPERATING MARGIN

3.82%

OPERATING MARGIN AVG TTM

3.71%

OPERATING MARGIN AVG 3Y

3.59%

OPERATING MARGIN AVG 5Y

3.52%

OPERATING MARGIN AVG 10Y

3.32%

OPERATING MARGIN AVG 15Y

3.16%

OPERATING MARGIN AVG 20Y

3.03%

CURRENT VS TTM AVG

+2.96%

CURRENT VS 3Y AVG

+6.41%

CURRENT VS 5Y AVG

+8.40%

CURRENT VS 10Y AVG

+15.00%

CURRENT VS 15Y AVG

+21.08%

CURRENT VS 20Y AVG

+25.97%

COST Competitors' Operating Margin

NAMEMARKET CAPOPERATING MARGINTTM3Y5Y
Costco Wholesale Corporation (COST)3.82%3.71%3.59%3.52%
The Coca-Cola Company (KO)$360.42B29.34%24.97%25.01%25.66%
The Procter & Gamble Company (PG)$347.85B23.24%23.16%22.66%22.74%
PepsiCo, Inc. (PEP)$196.99B14.79%14.20%13.71%13.86%
Anheuser-Busch InBev SA/NV (BUD)$157.86B31.82%26.14%25.23%24.48%
Altria Group, Inc. (MO)$121.70B50.73%64.89%60.93%58.44%
Monster Beverage Corporation (MNST)$88.90B29.34%27.47%26.85%29.22%
Colgate-Palmolive Company (CL)$71.39B21.21%21.56%21.08%21.73%
Target Corporation (TGT)$57.99B4.49%5.05%5.14%5.48%
Keurig Dr Pepper Inc. (KDP)$43.78B21.29%21.78%21.23%21.52%

Operating Efficiency

Gross Margin

12.9%

Operating Margin

3.8%

Costco Wholesale Corporation Operating Margin Formula & Definition

Operating Margin = Operating Income / Revenue

Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Costco Wholesale Corporation Operating Margin FAQ

What is the operating margin for Costco Wholesale Corporation (COST)?
The operating margin for COST stock is 3.82%.
Is Costco Wholesale Corporation's operating margin high or low?
Costco Wholesale Corporation's operating margin of 3.82% is in line with its 5-year average of 3.52%, near the high end of its 5-year range (3.35%–3.77%).
What is the TTM average operating margin for Costco Wholesale Corporation (COST)?
The TTM average operating margin for COST stock is 3.71%.
What is the 3Y average operating margin for Costco Wholesale Corporation (COST)?
The 3Y average operating margin for COST stock is 3.59%.
What is the 5Y average operating margin for Costco Wholesale Corporation (COST)?
The 5Y average operating margin for COST stock is 3.52%.
What is the 10Y average operating margin for Costco Wholesale Corporation (COST)?
The 10Y average operating margin for COST stock is 3.32%.
What is the 15Y average operating margin for Costco Wholesale Corporation (COST)?
The 15Y average operating margin for COST stock is 3.16%.
What is the 20Y average operating margin for Costco Wholesale Corporation (COST)?
The 20Y average operating margin for COST stock is 3.03%.

Costco Wholesale Corporation Operating Margin History

DATEOPERATING MARGIN
2025-08-313.77%
2024-09-013.65%
2023-09-033.35%
2022-08-283.43%
2021-08-293.42%
2020-08-303.26%
2019-08-313.10%
2018-08-313.16%
2017-08-313.19%
2016-08-313.09%
2015-08-313.12%
2014-08-312.86%
2013-08-312.90%
2012-08-312.78%
2011-08-312.74%
2010-08-312.66%
2009-08-312.49%
2008-08-312.72%
2007-08-312.50%
2006-08-312.70%
2005-08-312.79%
2004-08-312.88%
2003-08-312.72%
2002-08-312.92%
2001-08-312.85%
2000-08-313.23%
1999-08-313.13%
1998-08-313.24%
1997-08-312.65%
1996-08-312.51%

About Costco Wholesale Corporation

Costco Wholesale Corporation, alongside its group entities, operates membership-based retail warehouses across a broad international scope, spanning the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, South Korea, Australia, Spain, France, Iceland, China, and Taiwan. These outlets provide customers with an extensive array of both well-known branded and proprietary private-label products. Their vast inventory includes household staples, shelf-stable groceries, confectionery, chilled and frozen items, alcoholic beverages, tobacco, and deli selections. Furthermore, the stores stock major appliances, consumer electronics, health and beauty aids, hardware, garden and patio furniture, sporting goods, vehicle tires, toys, seasonal merchandise, office supplies, automotive maintenance products, postage services, event tickets, apparel, small kitchen appliances, home furnishings, domestic textiles, kitchenware, custom-order kiosks, and fine jewelry. Fresh departments offer meat, produce, a service deli, and bakery items. Beyond retail goods, Costco provides in-store amenities such as pharmacies, optical clinics, food courts, hearing aid centers, and tire installation facilities, in addition to managing 636 gas stations. The company also extends its offerings online through business delivery, travel booking, and same-day grocery fulfillment in various countries. As of August 29, 2021, Costco maintained a global network of 815 membership warehouses, with 564 located in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in South Korea, 14 in Taiwan, 12 in Australia, 3 in Spain, and one each in Iceland, France, and China. Digital storefronts facilitate e-commerce operations in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan, and Australia. Founded in 1976, the enterprise was originally known as Costco Companies, Inc. before officially adopting the name Costco Wholesale Corporation in August 1999. Its corporate headquarters are situated in Issaquah, Washington.

Issaquah, WA
333,000 employees
Consumer Defensive / Discount Stores
Sector
Consumer Defensive
Industry
Discount Stores
CEO
Ron Vachris