Costco's second-quarter revenue increased 9% to $63.72 billion, from $58.44 billion during the same quarter in fiscal 2024. Net sales for the quarter rose 9.1% to $62.53 billion, compared to $57.33 billion in the year-ago period.
Membership fees for the quarter totaled $1.19 billion, up from $1.11 billion in the second quarter of 2024, with the company reporting 78.4 million paid memberships and 140.6 million total cardholders. Worldwide, Costco's membership renewal rate came in at 90.5%, an increase of 0.1% from last quarter.
The retailer raised its annual membership fees for the U.S. and Canada in September for the first time since 2017, though CFO Gary Millerchip said the impact of the increase on this quarter's fee total was only 3%.