Target vs. Costco: What Their Revenue Trends Tell Investors

Costco's quarterly revenue consistently more than doubles Target's, with Costco generating $70.5 billion versus Target's $25.4 billion in Q2 2026. Both retailers exhibit cyclical revenue patterns driven by different seasonal factors: Target peaks during winter holidays while Costco spikes in summer months due to bulk purchases and outdoor furniture sales. Costco's membership fees add significant revenue ($1.4 billion in Q3), contributing to its substantially larger revenue base despite both operating in retail.