22 Costco Statistics, Data, And Trends For 2024
Costco has grown into a major player in the wholesale market with millions of members worldwide. But just how do those numbers translate to its success and customer loyalty?
With that in mind, we’ll cover key Costco statistics to better understand its impact and growth trajectory.
Costco Statistics: The Key Numbers
- Costco had 132.0 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