TTM
12.9%
YoY change
+0.23pp
Trough year (1985)
2.7%
Peak year (2016)
13.3%
Latest annual
12.8%
Gross Margin history chart for Costco (COST) from 1985 to 2025
Latest: 12.8%
Gross Margin change chart for Costco (COST) from 1985 to 2025
Latest: +0.23pp
Gross Margin history table for Costco (COST) from 1985 to 2025
| 2025 | 12.8% | +0.23pp | ||
| 2024 | 12.6% | +0.35pp | ||
| 2023 | 12.3% | +0.11pp | ||
| 2022 | 12.1% | -0.74pp | ||
| 2021 | 12.9% | -0.20pp | ||
| 2020 | 13.1% | +0.11pp | ||
| 2019 | 13.0% | -0.04pp | ||
| 2018 | 13.0% | -0.27pp | ||
| 2017 | 13.3% | -0.04pp | ||
| 2016 | 13.3% | +0.30pp | ||
| 2015 | 13.0% | +0.43pp | ||
| 2014 | 12.6% | +0.03pp | ||
| 2013 | 12.6% | +0.14pp | ||
| 2012 | 12.4% | -0.15pp | ||
| 2011 | 12.6% | -0.20pp | ||
| 2010 | 12.8% | +0.04pp | ||
| 2009 | 12.7% | +0.33pp | ||
| 2008 | 12.4% | +0.04pp | ||
| 2007 | 12.3% | +0.03pp | ||
| 2006 | 12.3% | -0.13pp | ||
| 2005 | 12.4% | -0.06pp | ||
| 2004 | 12.5% | +0.02pp | ||
| 2003 | 12.5% | +0.15pp | ||
| 2002 | 12.3% | +0.26pp | ||
| 2001 | 12.1% | -0.67pp | ||
| 2000 | 12.7% | -0.05pp | ||
| 1999 | 12.8% | +0.07pp | ||
| 1998 | 12.7% | +0.18pp | ||
| 1997 | 12.5% | +0.36pp | ||
| 1996 | 12.2% | +2.00pp | ||
| 1995 | 10.2% | -1.73pp | ||
| 1994 | 11.9% | +1.77pp | ||
| 1993 | 10.1% | +0.36pp | ||
| 1992 | 9.8% | +0.29pp | ||
| 1991 | 9.5% | +0.10pp | ||
| 1990 | 9.4% | +0.38pp | ||
| 1989 | 9.0% | +0.04pp | ||
| 1988 | 9.0% | -2.15pp | ||
| 1987 | 11.1% | -0.02pp | ||
| 1986 | 11.1% | +8.43pp | ||
| 1985 | 2.7% | — |
- 202512.8%+0.23pp
- 202412.6%+0.35pp
- 202312.3%+0.11pp
- 202212.1%-0.74pp
- 202112.9%-0.20pp
- 202013.1%+0.11pp
- 201913.0%-0.04pp
- 201813.0%-0.27pp
- 201713.3%-0.04pp
- 201613.3%+0.30pp
- 201513.0%+0.43pp
- 201412.6%+0.03pp
- 201312.6%+0.14pp
- 201212.4%-0.15pp
- 201112.6%-0.20pp
- 201012.8%+0.04pp
- 200912.7%+0.33pp
- 200812.4%+0.04pp
- 200712.3%+0.03pp
- 200612.3%-0.13pp
- 200512.4%-0.06pp
- 200412.5%+0.02pp
- 200312.5%+0.15pp
- 200212.3%+0.26pp
- 200112.1%-0.67pp
- 200012.7%-0.05pp
- 199912.8%+0.07pp
- 199812.7%+0.18pp
- 199712.5%+0.36pp
- 199612.2%+2.00pp
- 199510.2%-1.73pp
- 199411.9%+1.77pp
- 199310.1%+0.36pp
- 19929.8%+0.29pp
- 19919.5%+0.10pp
- 19909.4%+0.38pp
- 19899.0%+0.04pp
- 19889.0%-2.15pp
- 198711.1%-0.02pp
- 198611.1%+8.43pp
- 19852.7%—
Gross Margin values are taken from Costco's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Costco (COST)
According to Costco's latest reported financial statements, the company's latest reported gross margin is 12.9%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Costco (COST) most recent annual gross margin stands at 12.84% (2025) – expanded 0.2 percentage points year-over-year.
The highest annual gross margin of 13.32% was reported in 2016. The lowest in the available history was 2.69% in 1985.
Costco Gross Margin by Year
Costco Gross Margin 2025: 12.8%
In 2025, Costco reported gross margin of 12.84%, expanded 0.2 percentage points from 2024.
Costco Gross Margin 2024: 12.6%
Costco gross margin in 2024 was 12.61%, expanded 0.4 percentage points from 2023.
Costco Gross Margin 2023: 12.3%
2023's gross margin for Costco came in at 12.26%, expanded 0.1 percentage points from 2022.
Costco Gross Margin 2022: 12.1%
Costco posted gross margin of 12.15% in 2022, contracted 0.7 percentage points from 2021.
Costco Gross Margin 2021: 12.9%
Costco gross margin in 2021 was 12.88%.
See more financial history for Costco (COST).
Sector peers by Gross Margin
Consumer Defensive peers of Costco (COST), ranked by their latest gross margin
Frequently asked questions
Costco (COST) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation