What is Costco Wholesale's united states — merchandise costs?

Costco Wholesale (COST) reported united states — merchandise costs of $130.5B in Q1 2026.

How has Costco Wholesale's united states — merchandise costs changed year-over-year?

Costco Wholesale's united states — merchandise costs increased by 8.8% year-over-year, from $119.92B to $130.5B.

What does united states — merchandise costs mean?

This represents the direct costs associated with acquiring the inventory sold within the United States segment. It includes the purchase price of goods, freight, and other costs necessary to bring merchandise to the point of sale. Monitoring this relative to revenue helps assess the efficiency of procurement and supply chain management.

Costco Wholesale COST United States — Merchandise costs

Other segment segments

Other International

$26.09B+13.0%

Canada

$24.16B+10.7%

Similar metrics at other companies

FERGUnited States Segment — Cost of Product and Service Sold

$4.92B+3.0%

PSMTUnited ‎States ‎Operations — Cost of goods sold

$511.28M+8.9%

ACUUnited States — Segment Cost Of Product And Service Sold

$26.66M+12.5%

GMEUnited States — Cost of Sales

$368.8M+7.3%

PRLBUnited States — Segment expenses

$79.16M+5.9%

LCUTU.S. Segment — Cost of Sales

$92.62M-4.3%

Other financials

Income statement

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Revenue$70.5B+11.6%

Gross profit$9.0B+9.7%

Operating income$2.8B+11.3%

Net income$2.2B+15.2%

EPS (diluted)$4.93+15.2%

Balance sheet

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Cash & equivalents$18.9B+36.9%

Total debt$8.1B-2.7%

Total equity$33.5B+23.5%

Total assets$86.4B+14.5%

Cash flow

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Operating cash flow$11.1B+17.6%

CapEx$4.2B+19.7%

Free cash flow$6.9B+16.3%

Valuation

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Market cap$404.88B-8.0%

Enterprise value$394.07B-9.3%

P/E45.8×-10.3×

P/S1.4×-0.3×

Profitability

See full

Gross margin12.9%+0.1pp

Operating margin3.8%+0.1pp

Net margin3%+0.1pp

FCF margin3.8%—

Returns & leverage

See full

Return on equity29.2%-2.9pp

Debt / equity0.2×-0.1×

Current ratio1.1×+0.1×

Where this comes from

Reported directly by Costco Wholesale in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Costco Wholesale’s 10-Q, filed June 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Costco Wholesale's united states — merchandise costs?: Costco Wholesale (COST) reported united states — merchandise costs of $130.5B in Q1 2026.
How has Costco Wholesale's united states — merchandise costs changed year-over-year?: Costco Wholesale's united states — merchandise costs increased by 8.8% year-over-year, from $119.92B to $130.5B.
What does united states — merchandise costs mean?: This represents the direct costs associated with acquiring the inventory sold within the United States segment. It includes the purchase price of goods, freight, and other costs necessary to bring merchandise to the point of sale. Monitoring this relative to revenue helps assess the efficiency of procurement and supply chain management.