Non-Current Assets
Leasehold improvements
Best Buy Leasehold improvements increased by 1.1% to $2.40B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 1.1%, from $2.37B to $2.40B. Over 5 years (FY 2021 to FY 2026), Leasehold improvements shows relatively stable performance with a 1.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ4 2015
Last reportedQ4 2026Mar 18, 2026
Parent metricPP&E (Net)
How to read this metric
An increase suggests active investment in store renovations or facility upgrades, while a decrease may indicate reduced capital spending on leased infrastructure.
Detailed definition
This represents the capitalized costs of alterations and improvements made to leased restaurant properties or office spa...
Peer comparison
Commonly reported by retail and restaurant chains with significant leased real estate portfolios.
Metric ID:
ppe_leasehold_improvementsHistorical Data
5 periods
| Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | Q4 '26 | |
|---|---|---|---|---|---|
| Value | $2.16B | $2.26B | $2.28B | $2.37B | $2.40B |
| QoQ Change | — | +4.6% | +0.7% | +4.2% | +1.1% |
| YoY Change | — | +4.6% | +0.7% | +4.2% | +1.1% |
| % of PP&E (Net) | 96.0% | 96.1% | 100.7% | 111.7% | 120.6% |
| Share Change | — | +0.1pp | +4.6pp | +11.0pp | +8.9pp |
Range$2.16B – $2.40B
CAGR+10.9%
Avg YoY Growth+2.6%
Median YoY Growth+2.6%
Current Streak4+ quarters growth
Leasehold improvements at Other Companies
Frequently Asked Questions
- What is Best Buy's leasehold improvements?
- Best Buy (BBY) reported leasehold improvements of $2.40B in Q4 2025.
- How has Best Buy's leasehold improvements changed year-over-year?
- Best Buy's leasehold improvements increased by 1.1% year-over-year, from $2.37B to $2.40B.
- What is the long-term trend for Best Buy's leasehold improvements?
- Over 5 years (2021 to 2026), Best Buy's leasehold improvements has grown at a 1.8% compound annual growth rate (CAGR), from $2.19B to $2.40B.
- What does leasehold improvements mean?
- The total value of improvements made to rented properties that are capitalized as assets.