How Costco Wholesale makes money

Period

FY2025

How does Costco Wholesale make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Costco Wholesale Corporation · FY2025 · year ended 2025-08-31

Revenue$275.2BGross profit$35.3B · 13%Cost of revenue$239.9B · 87%Operating income$10.8B · 4%Operating expenses$25.0B · 9%SG&A$25.0B · 9%Net income$8.1B · 3%Income tax$2.7B · 1%Foodand Sundries$109.6B · 40%Non Foods$71.2B · 26%Other$51.2B · 19%Fresh Food$38.0B · 14%Membership$5.3B · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.