COSTCO WHOLESALE CORP /NEW (COST) closed fiscal year 2025 with a gross margin of 12.8 % and a net margin of 2.9 %.
COSTCO WHOLESALE CORP /NEW (COST) closed fiscal year 2025 with a gross margin of 12.8 % and a net margin of 2.9 %. The same year shows an EBITDA margin of 4.7 % and an EBIT margin of 3.8 %. The free cash flow margin was 2.8 %. Against the previous year the gross margin moved +0.2 pp and the net margin +0.0 pp. Across the period the gross margin ranges between 12.1 % in 2022 and 13.3 % in 2016. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: August
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 12.39 % | 12.72 % | 12.77 % | 12.57 % | 12.42 % | 12.56 % | 12.59 % | 13.02 % | 13.32 % | 13.29 % | 13.01 % | 12.98 % | 13.09 % | 12.88 % | 12.15 % | 12.26 % | 12.61 % | 12.84 % |
| EBITDA margin (%) | 3.62 % | 3.51 % | 3.68 % | 3.70 % | 3.70 % | 3.80 % | 3.77 % | 4.09 % | 4.15 % | 4.25 % | 4.18 % | 4.08 % | 4.25 % | 4.33 % | 4.27 % | 4.21 % | 4.53 % | 4.65 % |
| EBIT margin (%) | 2.72 % | 2.49 % | 2.66 % | 2.74 % | 2.78 % | 2.90 % | 2.86 % | 3.12 % | 3.09 % | 3.19 % | 3.16 % | 3.10 % | 3.26 % | 3.42 % | 3.43 % | 3.35 % | 3.65 % | 3.77 % |
| Net margin (%) | 1.77 % | 1.52 % | 1.67 % | 1.64 % | 1.72 % | 1.94 % | 1.83 % | 2.05 % | 1.98 % | 2.08 % | 2.21 % | 2.40 % | 2.40 % | 2.56 % | 2.57 % | 2.60 % | 2.90 % | 2.94 % |
| FCF margin (%) | 0.84 % | 1.18 % | 2.21 % | 2.15 % | 1.59 % | 1.29 % | 1.77 % | 1.63 % | 0.54 % | 3.27 % | 1.98 % | 2.20 % | 3.63 % | 2.74 % | 1.54 % | 2.78 % | 2.61 % | 2.85 % |
