Historical breakdown of Costco’s operating income from membership fees vs. merchandise sales. While membership fees have grown steadily over the past decade, merchandise sales profits have surged since 2020 and now contribute nearly as much to operating income.
Data: Costco annual reports.
Tools: Python
elporsche on
Meaning that they are selling more, or have higher margins?
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Historical breakdown of Costco’s operating income from membership fees vs. merchandise sales. While membership fees have grown steadily over the past decade, merchandise sales profits have surged since 2020 and now contribute nearly as much to operating income.
Data: Costco annual reports.
Tools: Python
Meaning that they are selling more, or have higher margins?