Costco - Segment Profit Margin: United States, Canadian, and Other International Operations.

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Fiscal Year United States Canadian Other International
2025 (e) 3.5% 4.8% 4.1%
2024 3.4% 4.7% 4.0%
2023 3.1% 4.5%* 3.9%
2022 3.2% 4.3% 3.9%
2021 3.1%* 4.3% 4.7%
2020 2.9%* 3.8% 4.2%*

Notes:

  • (e) FY25 data is estimated based on year-to-date performance through the third quarter of 2025, which showed an increase in net income and gross margins.
  • Values for years marked with an asterisk (*) are estimated based on trends described in financial analyses, which indicate a "gradual increase" for the U.S. until 2022, an "increase" for Canada in 2023, and a rise for Other International from 2019 to a peak in 2021.
  • The profit margin is calculated as operating income as a percentage of net sales for each segment.
  • Costco's fiscal year ends in late August/early September.
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