Discontinued — last reported Q4 '25
CapEx
InvestingCostco Wholesale CapEx decreased by 56.8% to $1.53B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 20.7%, from $1.26B to $1.53B.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2007
Last reportedQ4 2025
How to read this metric
An increase signals aggressive investment in future capacity and growth, particularly in infrastructure-heavy businesses like cloud computing.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hyperscale cloud competitors like Amazon (AWS) and Alphabet (Google Cloud) show high CapEx relative to revenue to maintain competitive infrastructure.
Metric ID:
cf_capital_expendituresHistorical Data
14 periods
| Q2 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.49B | $1.06B | $1.78B | $2.63B | $1.06B | $1.95B | $2.77B | $1.04B | $2.07B | $3.13B | $1.26B | $2.40B | $3.53B | $1.53B |
| QoQ Change | — | -57.7% | +68.5% | +48.0% | -59.8% | +84.2% | +42.1% | -62.4% | +99.1% | +51.3% | -59.7% | +90.0% | +47.1% | -56.8% |
| YoY Change | — | — | — | +5.5% | +0.2% | +9.5% | +5.1% | -1.6% | +6.4% | +13.2% | +21.5% | +15.9% | +12.7% | +20.7% |
Range$1.04B – $3.53B
CAGR-14.0%
Avg YoY Growth+9.9%
Median YoY Growth+9.5%
Geographic Breakdown
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CapEx at Other Companies
Frequently Asked Questions
- What is Costco Wholesale's capex?
- Costco Wholesale (COST) reported capex of $1.53B in Q4 2025.
- How has Costco Wholesale's capex changed year-over-year?
- Costco Wholesale's capex increased by 20.7% year-over-year, from $1.26B to $1.53B.
- What does capex mean?
- Money spent on buying or improving long-term physical assets like buildings and computers.