Operating Income
Costco Wholesale Operating Income increased by 5.8% to $2.61B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $2.32B to $2.61B. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 11.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.66B | $2.28B | $1.69B | $1.81B | $1.79B | $2.50B | $1.75B | $1.90B | $1.68B | $2.78B | $1.98B | $2.06B | $2.20B | $3.04B | $2.20B | $2.32B | $2.53B | $3.34B | $2.46B | $2.61B |
| QoQ Change | — | +36.8% | -25.6% | +7.0% | -1.2% | +39.4% | -29.9% | +8.7% | -11.8% | +65.6% | -28.7% | +3.9% | +6.5% | +38.5% | -27.8% | +5.5% | +9.2% | +32.1% | -26.3% | +5.8% |
| YoY Change | — | — | — | — | +7.7% | +9.8% | +3.4% | +5.0% | -6.3% | +11.4% | +13.3% | +8.4% | +30.9% | +9.4% | +10.7% | +12.3% | +15.2% | +9.8% | +12.2% | +12.5% |
Geographic Breakdown — Other International Operations
| Segment | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|
| Other International Operations | $301.00M | $679.00M | $1.01B |
| Total | $1.98B | $2.06B | $2.20B |
Other International Operations was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown — Other International Operations
| Segment | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 |
|---|---|---|---|---|---|---|---|---|
| Other International Operations | $551.00M | $876.00M | $301.00M | $679.00M | $1.01B | $336.00M | $734.00M | $1.10B |
| Total | $1.90B | $1.68B | $1.98B | $2.06B | $2.20B | $2.20B | $2.32B | $2.53B |
Other International Operations was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Operating Income at Other Companies
Frequently Asked Questions
- What is Costco Wholesale's operating income?
- Costco Wholesale (COST) reported operating income of $2.61B in Q4 2025.
- How has Costco Wholesale's operating income changed year-over-year?
- Costco Wholesale's operating income increased by 12.5% year-over-year, from $2.32B to $2.61B.
- What is the long-term trend for Costco Wholesale's operating income?
- Over 4 years (2021 to 2025), Costco Wholesale's operating income has grown at a 11.5% compound annual growth rate (CAGR), from $6.71B to $10.38B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.