Costco recorded net sales of 242.3 billion dollars. Membership fees generated 4.6 billion dollars while the company operated 875 warehouses for 130 million members. The statistics below detail the financial results and operational metrics behind those totals.
Key Takeaways
- Costco Wholesale Corporation achieved net sales of $242.3 billion in fiscal year 2023, a 6.7% increase year-over-year
- Costco's net income for fiscal 2023 reached $6.7 billion, up 16.3% from fiscal 2022
- Membership fees contributed $4.6 billion to Costco's revenue in FY2023, representing 1.9% of total revenue
- Costco opened 29 new warehouses in FY2023
- Total warehouses worldwide: 875 as of end 2023
- U.S. warehouses: 602, Canada: 107 in 2023
- Costco has 130 million members worldwide as of 2023
- U.S. and Canada paid membership household count is 52 million in 2023
- Renewal rate for Costco Gold Star membership is 92%
- Average warehouse sales volume at Costco was $289 million per store in FY2023
- Costco operates 591 warehouses in the U.S. as of 2023
- Kirkland Signature private label accounts for 25% of Costco's sales
- Costco employs 316,000 full-time and part-time workers worldwide as of 2023
- Average hourly wage at Costco is $29.50 in 2023
- 88% of Costco employees have employer-provided health insurance
Costco grew FY2023 net sales to $242.3 billion, boosted earnings and members, while expanding globally.
Related reading
01 · Category
Financial Performance30 stats
01
Costco Wholesale Corporation achieved net sales of $242.3 billion in fiscal year 2023, a 6.7% increase year-over-year
02
Costco's net income for fiscal 2023 reached $6.7 billion, up 16.3% from fiscal 2022
03
Membership fees contributed $4.6 billion to Costco's revenue in FY2023, representing 1.9% of total revenue
04
Costco's diluted earnings per share (EPS) for FY2023 was $15.06, a 19.2% growth from prior year
05
Total assets of Costco stood at $58.5 billion as of September 2023: June 2026
06
Costco's operating income in FY2023 was $9.7 billion, with an operating margin of 4.0%
07
Comparable sales growth for Costco in FY2023 was 5.0% globally
08
Costco's U.S. comparable sales increased by 4.9% in FY2023
09
International comparable sales rose 6.2% in FY2023 excluding foreign currency impact
10
Costco's e-commerce sales grew 18.9% in FY2023
11
Gross margin for Costco in FY2023 was 10.8%, stable from previous years
12
Costco repurchased $5.8 billion worth of its shares in FY2023
13
Dividend payout per share for Costco in FY2023 totaled $4.64
14
Costco's market capitalization exceeded $350 billion as of late 2023
15
Return on equity (ROE) for Costco in FY2023 was 32.1%
16
Debt-to-equity ratio for Costco was 0.38 in FY2023
17
Costco's free cash flow in FY2023 amounted to $7.2 billion
18
Capital expenditures totaled $4.3 billion in FY2023 for new stores and remodels
19
Costco's revenue per share in FY2023 was $546.28
20
Pre-tax income margin for Costco was 4.2% in FY2023
21
Costco's total liabilities were $25.9 billion end of FY2023
22
Stock price appreciation for Costco was 56% over FY2023
23
Costco's EBITDA for FY2023 reached $10.9 billion
24
Net profit margin stood at 2.8% for FY2023
25
Costco generated $242.3 billion in sales with only 840 warehouses in FY2023
26
Membership fee revenue grew 8.3% to $4.6 billion in FY2023
27
Costco's Q4 FY2023 net sales were $59.7 billion, up 5.2%
28
Enterprise value of Costco was approximately $340 billion in 2023
29
Price-to-earnings ratio (P/E) for Costco averaged 48x in 2023
30
Costco's total equity was $32.6 billion at FY2023 end
Interpretation
Financial Performance Interpretation
Costco's impressive $242.3 billion in sales and staggering 32.1% return on equity prove that its real business is not just selling pallets of toilet paper but masterfully turning a cult-like membership fee into a cash-generating, profit-printing machine.
02 · Category
Global Expansion25 stats
01
Costco opened 29 new warehouses in FY2023
02
Total warehouses worldwide: 875 as of end 2023
03
U.S. warehouses: 602, Canada: 107 in 2023
04
Mexico has 40 Costco warehouses
05
China operations include 5 warehouses under "Costco" name
06
Japan: 38 warehouses, largest international market
07
UK: 29 warehouses
08
Australia: 15 warehouses
09
Taiwan: 14 warehouses
10
Korea: 17 warehouses
11
Planned 26-28 new warehouses in FY2024
12
First warehouse opened in Seattle 1983, now 602 in U.S.
13
Expansion into Iceland planned for 2024, first in Europe beyond UK
14
Spain warehouse opened in 2014, now 4 locations
15
France: 2 warehouses since 2022 entry
16
International sales represent 28% of total revenue in FY2023
17
New warehouse ramp-up sales reach $250 million in first full year
18
E-commerce expansion to 15 countries in 2023
19
Business centers in 70% of international warehouses
20
Remodeled 65 warehouses in FY2023 adding square footage
21
Entry into Sweden explored for 2025
22
Hawaii warehouses: 8, Puerto Rico: 1
23
Cumulative warehouse openings since 1983: 875
24
Average distance between warehouses: 5 miles in dense areas
25
Global square footage totals 127 million sq ft
Interpretation
Global Expansion Interpretation
Costco is executing a master plan of global domination by the pallet-load, expanding its empire of bulk toilet paper and giant muffins at a pace so brisk it can now be measured in international sales percentages and the distance between two of its warehouses, which, in dense areas, is roughly the length of a very determined shopper's parking lot trek.
03 · Category
Membership Data24 stats
01
Costco has 130 million members worldwide as of 2023
02
U.S. and Canada paid membership household count is 52 million in 2023
03
Renewal rate for Costco Gold Star membership is 92%
04
Executive Membership (2% fee upgrade) held by 50 million cardholders
05
Average member spends $1,665annually on Costco card
06
Membership fee for Gold Star is $60annually, Executive $120 with 2% rewards
07
7.6% growth in paid household members in FY2023
08
International paid households reached 24 million in 2023
09
Member retention rate exceeds 90% globally
10
236 million total cardholders including household members in 2023
11
Business membership accounts for 25% of total members
12
Executive members generate 70% of total sales despite being half the base
13
Membership growth in Mexico reached 1.2 million new in 2023
14
Online membership renewal rate is 95%
15
Average tenure of Costco member is 7.5 years
16
Student membership program launched with 100,000 signups in first year
17
Affiliate membership referrals account for 20% of new signups
18
Membership fees as percentage of sales stable at 1.9%
19
Japan membership grew to 7.1 million cardholders in 2023
20
UK membership base is 800,000 households
21
Digital app has 30 million active users among members
22
Satisfaction score (NPS) for members is 75
23
85% of members shop monthly
24
Lifetime value of average member exceeds $10,000
Interpretation
Membership Data Interpretation
Costco has perfected the art of the virtuous circle: they treat their members so well that half of them willingly pay double for the privilege of spending more, which in turn makes the company so profitable it can afford to keep treating them well, creating a loyalty loop so powerful that leaving would feel like abandoning a very well-stocked family.
More related reading
04 · Category
Store Operations29 stats
01
Average warehouse sales volume at Costco was $289 million per store in FY2023
02
Costco operates 591 warehouses in the U.S. as of 2023
03
Kirkland Signature private label accounts for 25% of Costco's sales
04
Costco's average store size is 146,000 square feet
05
Gasoline sales at Costco totaled over 4 billion gallons annually in recent years
06
Pharmacy sales represent about 2% of Costco's total revenue
07
Costco's optical departments generate $1.5 billion in annual sales
08
Travel services through Costco generate $2 billion in bookings yearly
09
Tire centers at Costco sell over 16 million tires annually
10
Food court hot dog combo price unchanged at $1.50since 1985
11
Costco's fresh foods sales grew 10% in FY2023
12
Non-foods merchandise category accounts for 43% of sales
13
Ancillary businesses (gas, pharmacy, etc.) contribute 75% of operating income
14
Average basket size at Costco is $150per visit
15
Inventory turnover ratio for Costco is 12 times per year
16
Costco sells over 100 million rotisserie chickens yearly
17
Electronics category sales up 15% in FY2023
18
Apparel sales represent 10% of total merchandise sales
19
Costco's vendor returns rate is under 1%
20
Average daily foot traffic per warehouse is 15,000 members
21
Bakery produces 142 million muffins annually across warehouses
22
Meat department sales per store average $40 million yearly
23
Produce sales volume exceeds 1 billion pounds annually
24
Hearing aid centers serve 1 million customers yearly
25
Business centers generate 20% of total sales
26
E-commerce penetration is 7.5% of total sales in FY2023
27
Same-day delivery through Instacart covers 99% of warehouses
28
Kirkland Signature wine sales top 10 million cases annually
29
Auto service bays handle 2 million oil changes per year
Interpretation
Store Operations Interpretation
Costco has mastered the alchemy of turning a $1.50 hot dog and a sea of rotisserie chickens into a $289-million-per-warehouse economic engine, where even the gasoline flows like a river of pure profit.
05 · Category
Workforce Statistics25 stats
01
Costco employs 316,000 full-time and part-time workers worldwide as of 2023
02
Average hourly wage at Costco is $29.50in 2023
03
88% of Costco employees have employer-provided health insurance
04
Turnover rate at Costco is 6% annually, lowest in retail
05
200,000 warehouse employees in the U.S. alone
06
Costco promotes 75% of managers from within
07
Average tenure of employees is 9 years
08
401(k) match up to 5% of salary for eligible workers
09
Female representation in workforce is 52%
10
Overtime pay averages 10% of total payroll
11
Training hours per employee exceed 40 annually
12
Unionized workforce in some international locations covers 15% of employees
13
CEO Jim Sinegal started as a stocker, exemplifying promotion path
14
Sick pay provided after 180 days, full coverage
15
Employee stock purchase plan participation is 80%
16
Diversity training mandatory for all supervisors
17
Part-time workers eligible for benefits after 90 days
18
Safety incident rate is 1.2 per 100 workers, below industry average
19
Tuition reimbursement up to $2,500per year per employee
20
25% of board members are women
21
Childcare assistance provided at select locations
22
Performance bonus for frontline workers averages 5% of salary
23
Veteran hiring program employs 10,000 former military
24
Remote work options for corporate staff cover 20% of roles
25
Employee satisfaction score is 4.1/5 on Glassdoor
Interpretation
Workforce Statistics Interpretation
Costco has weaponized common decency by proving that treating employees as assets, not liabilities, is actually a ruthlessly efficient business model for crushing retail industry norms.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
David Kowalski. (2026, February 13). Costco Statistics. Gitnux. https://gitnux.org/costco-statistics
MLA
David Kowalski. "Costco Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/costco-statistics.
Chicago
David Kowalski. 2026. "Costco Statistics." Gitnux. https://gitnux.org/costco-statistics.
Sources & references
30 datasets cited across this report · attribution is report-level