10+ Costco Statistics, Data, And Trends For 2024
To provide a comprehensive overview, let me share the most crucial Costco statistics you should be aware of right away. 🏢💳
Costco Statistics: The Key Numbers
- Costco had 127.9 million members and 71 million paid members as of 2024.
- As of July 2024, Costco has 871 locations worldwide, including 600 in the United States and 271 abroad.
- Costco’s membership program has a renewal rate of 92.7% in the US.
- Costco’s customer satisfaction rating rose to 82 in 2023, from 81 in 2022.
- The average Costco shopper spends slightly more than $100 per visit and makes 30 trips per year, totaling approximately $3,000 per year.
- Costco revenue rose 8.23% to $235.442B in the year ending May 31, 2023.
- Costco accounts for 55.5% of the wholesale club market.
- 21% of Costco customers return within three days.
- Costco leads the way with 55.5% of wholesale customers walking through its doors in August, followed by Walmart-owned Sam’s Clubs at 36.2% and BJ’s Wholesale at 8.3%.
- During the company’s fiscal year 2022, each Costco warehouse made $245 million in sales, up from $217 million in fiscal 2021.
Sources: (Costco, Retail Touch Points, Vator, Yahoo, Macro Trends, Cliffs Notes, Fox Business, Wall Street Zen.)
Costco Demographics
Costco’s shoppers come from all sorts of backgrounds, with a mix of ages and slightly more women than men. Here’s a quick look at who shops at Costco:
Gender
- Male: 46.30%
- Female: 53.70%
Age:
- 18-29 years: 28%
- 30-49 years: 26%
- 50-64 years: 16%
Source: Statista, Similarweb
Costco Membership Worldwide Numbers
Costco’s membership has been on the rise for years, showing just how popular it’s getting worldwide. Check out the growth in paid members over time:
| Year | Number of paid members (in millions) |
|---|---|
| 2014 | 42 |
| 2015 | 44.6 |
| 2016 | 47.6 |
| 2017 | 49.4 |
| 2018 | 51.6 |
| 2019 | 53.9 |
| 2020 | 58.1 |
| 2021 | 61.7 |
| 2022 | 65.8 |
| 2023 | 71 |
Source: Costco Annual Report Via Statista
Type of Costco Membership Worldwide (2023)
Costco has different membership types, each with its own perks. Here’s a breakdown of the most popular memberships worldwide:
- Gold Star: 58.8
- Household cards: 56.9
- Business, including affiliate: 12.2
Source: Costco Annual Report 2023
Costco Revenue (2011-2023)
Costco’s revenue has been on the rise, showing how strong they are in the market. Here’s a look at their yearly growth:
| Year | Annual Revenue (Millions of US $) |
|---|---|
| 2023 | $242,290 |
| 2022 | $226,954 |
| 2021 | $195,929 |
| 2020 | $166,761 |
| 2019 | $152,703 |
| 2018 | $141,576 |
| 2017 | $129,025 |
| 2016 | $118,719 |
| 2015 | $116,199 |
| 2014 | $112,640 |
| 2013 | $105,156 |
| 2012 | $99,137 |
| 2011 | $88,915 |
| 2010 | $77,946 |
| 2009 | $71,422 |
Source: Macrotrends