Costco Wholesale (COST) Revenue — Quarter Ended May 12, 2024
Revenue increased compared to the same quarter last year, continuing an upward trend. The growth rate was higher than in the immediately preceding quarter.
Key takeaway
Quarter ended May 12, 2024 · FY2024 Q3
Revenue increased compared to the same quarter last year, continuing an upward trend. The growth rate was higher than in the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$58.5B
Revenue reported for this quarter.
Quarter-over-quarter
+0.1%
Change from the immediately preceding quarter.
Year-over-year
+9.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$228.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 7, 2023 | $53.6B | +2.0% |
| Nov 26, 2023 | $57.8B | +6.2% |
| Feb 18, 2024 | $58.4B | +5.7% |
| May 12, 2024 | $58.5B | +9.1% |
Revenue performance
Reported revenue rose year over year, driven by higher net sales and membership fees. The increase was more pronounced than in the prior quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was slightly higher. Versus the same quarter one year earlier, revenue showed a solid increase.
What to watch
Monitor the trend in membership fee growth as a key driver of recurring revenue.