Company / Operating Margin
Costco Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
3.8%
FY2025
5-year range
3.1% / 3.8%
FY2021-FY2025
Trend
+3.3%
vs FY2024
Sector context
#49 of 67
Consumer Staples
What the data says
At 3.8%, Costco's operating margin ranks #49 of 67 in the Consumer Staples sector. Operating Margin has increased for 4 consecutive years, from 3.1% in FY2021 to 3.8% in FY2025.
Based on SEC 10-K filings.
3.8% in FY2025 with a 5-year CAGR of +0.6%.
Improved from 3.4% to 3.8% over the past 2 years.
Consumer Staples sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +0.5pp
- 5-Year Change
- +0.6pp
- 10-Year Change
- -
Sector benchmark
#49 of 67 in Consumer StaplesTop 73% of 67This company 3.8% Sector average 10.4%
▼
-63.9% below sector average
Key checks
Key Insights
- Costco's operating margin has grown for 4 consecutive years.
- In FY2025, operating margin increased 3.3% year-over-year.
- Currently 6.7pp below the Consumer Staples sector average.
- Lowest operating margin in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 4.50 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 3.8% | +3.3% |
| FY2024 | 3.6% | +6.7% |
| FY2023 | 3.4% | +4.9% |
| FY2022 | 3.3% | +5.2% |
| FY2021 | 3.1% | -1.9% |
| FY2020 | 3.2% | +1.9% |
| FY2019 | 3.1% | +0.4% |
| FY2018 | 3.1% | -1.0% |
| FY2017 | 3.1% | +9.1% |
| FY2016 | 2.9% | -1.4% |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026