CapEx
Costco Wholesale CapEx increased by 84.5% to $2.82B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 17.2%, from $2.40B to $2.82B.
Analysis
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
capital_expendituresHistorical Data
| Q1 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q3 '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 | $2.82B |
| 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% | +84.5% |
| YoY Change | — | — | — | +5.5% | +0.2% | +9.5% | +5.1% | -1.6% | +6.4% | +13.2% | +21.5% | +15.9% | +12.7% | +20.7% | +17.2% |
Geographic Breakdown
| Segment | FY'22 | FY'23 |
|---|---|---|
| Other International Operations | $708.00M | $754.00M |
| Total | — | — |
All segment values are derived from annual filings.
Other International Operations was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Costco Wholesale's capex?
- Costco Wholesale (COST) reported capex of $2.82B in Q4 2025.
- How has Costco Wholesale's capex changed year-over-year?
- Costco Wholesale's capex increased by 17.2% year-over-year, from $2.40B to $2.82B.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.