Costco Q4 FY25: where the revenue came from and where it went
The whole income statement of Costco for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- May 12 – Aug 31, 2025
- Reported
- Oct 8, 2025
Revenue$86.2B
+8% year over year
Gross profit$11.1B
13% margin
Operating profit$3.3B
4% margin
Net profit$2.6B
3% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 86.2 | 100% | +8% |
| Product | 84.4 | 98% | +8% |
| Membership | 1.7 | 2% | +14% |
| Cost of revenue | −75.0 | 87% | |
| Gross profit | 11.1 | 13% margin | +0pp |
| SG&A | −7.8 | 9% | +0pp |
| Operating profit | 3.3 | 4% margin | +0pp |
| Other income, net | 0.2 | ||
| Tax | −0.9 | ||
| Net profit | 2.6 | 3% margin | +0pp |
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