Costco Wholesale Canada — Merchandise costs increased by 7.6% to $7.90B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.6%, from $7.34B to $7.90B. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase relative to revenue may indicate rising supply chain costs or margin compression, while a decrease suggests improved procurement efficiency.
Includes the direct costs associated with purchasing inventory and preparing goods for sale within the Canadian segment....
Comparable to cost of goods sold (COGS) for specific geographic or business segments at peer retailers.
cost_segment_canada_merchandise_costs| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|---|
| Value | $7.25B | $7.25B | $7.25B | $7.25B | $7.34B | $7.90B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +1.2% | +7.6% |
| YoY Change | — | — | — | — | +1.2% | +7.6% |
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