Costco Wholesale (LTS:0I47) Tax Rate % : 22.03% (As of Nov. 2024)

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What is Costco Wholesale Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Costco Wholesale's Tax Expense for the three months ended in Nov. 2024 was $508 Mil. Costco Wholesale's Pre-Tax Income for the three months ended in Nov. 2024 was $2,306 Mil. Therefore, Costco Wholesale's Tax Rate % for the quarter that ended in Nov. 2024 was 22.03%.

Costco Wholesale Tax Rate % Historical Data

The historical data trend for Costco Wholesale's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Costco Wholesale Tax Rate % Chart

Costco Wholesale Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Tax Rate %

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24.37

23.97

24.55

25.86

24.36

Costco Wholesale Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Tax Rate %	Get a 7-Day Free Trial															24.55	22.08	26.40	24.38	22.03

Costco Wholesale Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Costco Wholesale's Tax Rate % for the fiscal year that ended in Aug. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Aug. 2024 )	/	Pre-Tax Income (A: Aug. 2024 )
	=	2373	/	9740
	=	24.36 %

Costco Wholesale's Tax Rate % for the quarter that ended in Nov. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Nov. 2024 )	/	Pre-Tax Income (Q: Nov. 2024 )
	=	508	/	2306
	=	22.03 %

Costco Wholesale Tax Rate % Related Terms

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Costco Wholesale Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Costco Wholesale Corp (LTS:0I47) » Definitions » Tax Rate %

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Address

999 Lake Drive, Issaquah, WA, USA, 98027

Website

https://www.costco.com

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.

Costco Wholesale Headlines

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