PP&E (Net)
Costco Wholesale PP&E (Net) increased by 3.2% to $33.65B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 12.9%, from $29.81B to $33.65B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 7.9% CAGR.
Analysis
How to read this metric
An increase indicates ongoing investment in physical capacity, whereas a decline may suggest aging assets or a strategy of asset-light operations.
Detailed definition
This metric represents the book value of tangible assets after subtracting accumulated depreciation from the total histo...
Peer comparison
Standard line item for all manufacturing and industrial companies; directly comparable across peers.
property_plant_equipment_netHistorical Data
| Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $23.18B | $23.49B | $23.89B | $24.05B | $24.14B | $24.65B | $25.14B | $25.72B | $25.93B | $26.68B | $27.17B | $27.60B | $28.06B | $29.03B | $29.34B | $29.81B | $30.58B | $31.91B | $32.62B | $33.65B |
| QoQ Change | — | +1.4% | +1.7% | +0.7% | +0.4% | +2.1% | +2.0% | +2.3% | +0.8% | +2.9% | +1.8% | +1.6% | +1.7% | +3.5% | +1.0% | +1.6% | +2.6% | +4.3% | +2.2% | +3.2% |
| YoY Change | — | — | — | — | +4.2% | +4.9% | +5.3% | +7.0% | +7.4% | +8.3% | +8.0% | +7.3% | +8.2% | +8.8% | +8.0% | +8.0% | +9.0% | +9.9% | +11.2% | +12.9% |
Business Segments
| Segment | Q2 '26 |
|---|---|
| United States | $24.07B |
| Other International | $6.37B |
| Canada | $3.21B |
| Total | $33.65B |
Geographic Breakdown
| Segment | Q4 '22 | Q4 '23 |
|---|---|---|
| Other International Operations | $4.98B | $5.48B |
| Total | $24.65B | $26.68B |
Other International Operations was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is Costco Wholesale's pp&e (net)?
- Costco Wholesale (COST) reported pp&e (net) of $33.65B in Q4 2025.
- How has Costco Wholesale's pp&e (net) changed year-over-year?
- Costco Wholesale's pp&e (net) increased by 12.9% year-over-year, from $29.81B to $33.65B.
- What is the long-term trend for Costco Wholesale's pp&e (net)?
- Over 5 years (2020 to 2025), Costco Wholesale's pp&e (net) has grown at a 7.9% compound annual growth rate (CAGR), from $21.81B to $31.91B.
- What does pp&e (net) mean?
- The current book value of physical assets after accounting for wear and tear.