Costco’s 2023 launch of gold bar sales has generated extraordinary demand and volume. In late 2025, the retailer reported monthly gold bar sales averaging $200 million, for an annual total of $2.4 billion. With a standard 2% markup on spot prices, customers paying roughly $2,818 per ounce in January 2025 saw the metal’s market value climb to $5,269 per ounce by January 2026, a 92% rally. A one-ounce purchase at Costco at launch would now be worth $5,269, yielding a net gain of $2,451 per ounce based on retail costs, nearly identical to the $2,506 profit if bought at spot. This rapid appreciation underscores the chain’s ability to leverage commodity rallies for member value.

While gold bar sales have surged, Costco’s share performance has remained largely flat over the past year, with a minor decline of 1.4% through late January 2026. The company will pay its next quarterly dividend of $1.30 per share on February 13, 2026, to investors of record as of January 30. Holders of 100 shares will receive $130, matching the prior quarter’s payout. If quarterly distributions remain unchanged, annualized dividends would total $5.20 per share, reflecting a forward yield near 0.5%. The firm maintains a disciplined payout ratio around 23%, supporting 22 consecutive years of dividend growth despite limited share price upside.