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Costco (NASDAQ: COST) warehouse club membership at $65/year Gold Star generating $4.8B annual fee revenue; 135M+ cardholders at 92%+ renewal competing with Sam's Club for warehouse club subscription.
Costco Membership is the annual subscription model underpinning Costco Wholesale Corporation's (NASDAQ: COST) warehouse club business — the $4.99/month or $65/year Gold Star individual membership and $130/year Executive membership that grants access to Costco's 890+ warehouse locations globally, Costco.com, and exclusive member pricing on bulk merchandise. Costco's membership model is the strategic foundation of its retail economics: Costco generates virtually all of its operating profit from membership fees (approximately $4.8 billion in fiscal year 2024) rather than merchandise margins — enabling the company to price merchandise at minimal markup above cost while maintaining industry-leading profitability.
NASDAQ: COST warehouse club at $249.6B FY2024 revenue with 73.4M cardholders and $50B+ Kirkland Signature; 90%+ renewal rate with $65/$130 membership fee competing with Sam's Club for warehouse retail.
Costco Wholesale Corporation is an Issaquah, Washington-based membership warehouse club — listed on NASDAQ (NASDAQ: COST) — operating 897 warehouse locations globally (as of mid-2025) across the United States, Canada, United Kingdom, Japan, Korea, Australia, Spain, France, China, and Iceland, providing paid members (73.4 million cardholders representing 136.8 million authorized users as of fiscal year end 2024) with bulk merchandise, groceries, electronics, appliances, tires, optical services, pharmacy, and the Kirkland Signature private label brand at prices consistently below traditional retail channels. Costco generated $249.6 billion in total revenue in fiscal year 2024 (ended September 2024, +5% year-over-year), with membership fee revenue of $4.83 billion providing the financial foundation that enables Costco's famously low product margins.
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