Costco revenue from Membership Fees

Costco Wholesale Revenue from Membership fees 2005-2018

The following tables shows the revenue earned by Costco wholesale’s from membership fees from 2005 to 2017.

Costco Wholesale Revenue from Membership fees 2005-2018 (in millions)
YearMembership fees
2018$ 3,142
2017 $                 2,853 
2016 $                 2,646 
2015 $                 2,533 
2014 $                 2,428 
2013 $                 2,286 
2012 $                 2,075 
2011 $                 1,867 
2010 $                 1,691 
2009 $                 1,533 
2008 $                 1,506 
2007 $                 1,313 
2006 $                 1,188 
2005 $                 1,073 

Since the inception of Costco, its business has remained to grow its memberships and to drive the value proposition that keeps these members bringing back to the warehouses. Costco’s strategy is to provide its members with a  avery wide variety of high quality merchandise at consistently low prices. Its Gold star and business memberships allow the members access to its warehouses anywhere. Based on the value and convenience that Costco offers, the number of its members has continued to grow every year. In 2017, its earnings from membership fees increased to 2.85 Billion dollars from 2.65 Billion dollars in 2016.

Sources:

Data sourced from annual reports of Costco wholesale available at its investors website.

Abhijeet Pratap

Abhijeet has been blogging on educational topics and business research since 2016. He graduated with a Hons. in English literature from BRABU and an MBA from the Asia-Pacific Institute of Management, New Delhi. He likes to blog and share his knowledge and research in business management, marketing, literature and other areas with his readers.