for the first time in 7 years Costco is raising the price of its membership according to the Wholesale Club Annual fees are increasing by5 and $10 in the US and Canada with gold star and business memberships now costing $65 a year and executive memberships 130 this move affecting roughly 52 million members Costco's Financial reports for this fiscal year show that membership fees make up nearly 2% of total revenue the company also recorded $19 billion in net sales for the July retail month up 7% from last year