Business Segments · Merchandise costs
United States — Merchandise costs
Costco Wholesale United States — Merchandise costs increased by 103.3% to $85.64B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.5%, from $79.68B to $85.64B. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2023
Last reportedQ2 2026Mar 11, 2026
Rolls up toTotal Cost of Revenue
How to read this metric
A decrease relative to revenue suggests improved procurement efficiency or better pricing power with suppliers.
Detailed definition
This represents the direct costs associated with acquiring the inventory sold within the United States segment. It inclu...
Peer comparison
Comparable to cost of goods sold (COGS) for domestic operations at peer retail firms.
Metric ID:
cost_segment_united_states_merchandise_costsHistorical Data
12 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $38.71B | $38.71B | $38.71B | $38.71B | $40.14B | $40.14B | $40.14B | $40.14B | $39.15B | $79.68B | $42.13B | $85.64B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +3.7% | +0.0% | +0.0% | +0.0% | -2.5% | +103.5% | -47.1% | +103.3% |
| YoY Change | — | — | — | — | +3.7% | +3.7% | +3.7% | +3.7% | -2.5% | +98.5% | +7.6% | +7.5% |
Range$38.71B – $85.64B
CAGR+33.5%
Avg YoY Growth+15.7%
Median YoY Growth+3.7%
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Frequently Asked Questions
- What is Costco Wholesale's united states — merchandise costs?
- Costco Wholesale (COST) reported united states — merchandise costs of $85.64B in Q4 2025.
- How has Costco Wholesale's united states — merchandise costs changed year-over-year?
- Costco Wholesale's united states — merchandise costs increased by 7.5% year-over-year, from $79.68B to $85.64B.
- What does united states — merchandise costs mean?
- The direct cost of the products sold in the United States.