Operating Income
Operating Income
Costco Wholesale Operating Income decreased by 26.3% to $2.46B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.2%, from $2.20B to $2.46B. Over 4 years (FY 2021 to FY 2025), Operating Income shows an upward trend with a 11.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
Metric ID:
operating_incomeHistorical Data
19 periods
| Q1 '21 | Q2 '21 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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% |
| 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% |
Range$1.66B – $3.34B
CAGR+9.1%
Avg YoY Growth+10.2%
Median YoY Growth+9.8%
Business Segments
| Segment | Q4 '25 |
|---|---|
| United States | $1.62B |
| Canada | $434.00M |
| Other International Operations | $413.00M |
| Total | $2.46B |
Geographic Breakdown
| Segment | Q2 '25 |
|---|---|
| Other International Operations | $1.10B |
| Total | $2.53B |
Operating Income at Other Companies
Frequently Asked Questions
- What is Costco Wholesale's operating income?
- Costco Wholesale (COST) reported operating income of $2.46B in Q3 2025.
- How has Costco Wholesale's operating income changed year-over-year?
- Costco Wholesale's operating income increased by 12.2% year-over-year, from $2.20B to $2.46B.
- 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 earned from core business activities, before accounting for interest and taxes.