Non-Current Assets
PP&E (Net)
Walmart PP&E (Net) increased by 1.3% to $137.79B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 13.6%, from $121.26B to $137.79B. Over 5 years (FY 2021 to FY 2026), PP&E (Net) shows an upward trend with a 8.1% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2015
Last reportedQ1 2027May 21, 2026
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.
Metric ID:
property_plant_equipment_netHistorical Data
21 periods
| 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 | Q3 '26 | Q4 '26 | Q1 '27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $91.00B | $91.62B | $92.24B | $94.52B | $94.74B | $96.01B | $97.55B | $100.76B | $102.34B | $104.73B | $107.47B | $110.81B | $111.50B | $113.82B | $116.60B | $119.99B | $121.26B | $125.48B | $130.20B | $136.08B | $137.79B |
| QoQ Change | — | +0.7% | +0.7% | +2.5% | +0.2% | +1.3% | +1.6% | +3.3% | +1.6% | +2.3% | +2.6% | +3.1% | +0.6% | +2.1% | +2.4% | +2.9% | +1.1% | +3.5% | +3.8% | +4.5% | +1.3% |
| YoY Change | — | — | — | — | +4.1% | +4.8% | +5.8% | +6.6% | +8.0% | +9.1% | +10.2% | +10.0% | +9.0% | +8.7% | +8.5% | +8.3% | +8.8% | +10.2% | +11.7% | +13.4% | +13.6% |
Range$91.00B – $137.79B
CAGR+8.7%
Avg YoY Growth+8.9%
Median YoY Growth+8.8%
Current Streak20+ quarters growth
Geographic Breakdown — U.S.
| Segment | Q4 '22 | Q1 '25 | Q4 '25 |
|---|---|---|---|
| U.S. | $89.80B | $105.78B | $115.25B |
| Total | $94.52B | $111.50B | $119.99B |
U.S. was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown — Non-U.S. operations
| Segment | Q1 '25 | Q4 '25 |
|---|---|---|
| Non-U.S. operations | $25.57B | $24.46B |
| Total | $111.50B | $119.99B |
Geographic Breakdown — Walmart International
| Segment | Q4 '22 |
|---|---|
| Walmart International | $22.83B |
| Total | $94.52B |
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is Walmart 's pp&e (net)?
- Walmart (WMT) reported pp&e (net) of $137.79B in Q1 2026.
- How has Walmart 's pp&e (net) changed year-over-year?
- Walmart 's pp&e (net) increased by 13.6% year-over-year, from $121.26B to $137.79B.
- What is the long-term trend for Walmart 's pp&e (net)?
- Over 5 years (2021 to 2026), Walmart 's pp&e (net) has grown at a 8.1% compound annual growth rate (CAGR), from $92.20B to $136.08B.
- What does pp&e (net) mean?
- The current book value of physical assets after accounting for wear and tear.