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Membership Fees Equal Just 2% of Sales: Where Does Costco’s Price Competitiveness Come From?

Analyzing Costco's fiscal year 2025 financial performance, this article examines the relationship between membership fees, product margins, and operating costs, and offers evaluation criteria for businesses designing membership models.

이우리 EditorPublished 2026년 9월 17일Updated 2026년 9월 17일
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Membership Fees Equal Just 2% of Sales: Where Does Costco’s Price Competitiveness Come From?

Analyzing Costco's fiscal year 2025 financial performance, this article examines the relationship between membership fees, product margins, and operating costs, and offers evaluation criteria for businesses designing membership models.

When describing Costco, a common refrain is that it sells products cheaply and makes its money through membership fees.…

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