Discontinued — last reported Q4 '25
CapEx
InvestingWalmart CapEx increased by 6.6% to $4.99B in Q2 2025 compared to the prior quarter. Year-over-year, this metric grew by 6.6%, from $4.68B to $4.99B.
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
5 periods
| Q2 '21 | Q2 '22 | Q2 '23 | Q2 '24 | Q2 '25 | |
|---|---|---|---|---|---|
| Value | $2.21B | $3.54B | $4.43B | $4.68B | $4.99B |
| QoQ Change | — | +59.8% | +25.1% | +5.6% | +6.6% |
| YoY Change | — | +59.8% | +25.1% | +5.6% | +6.6% |
Range$2.21B – $4.99B
CAGR+125.2%
Avg YoY Growth+24.3%
Median YoY Growth+15.9%
Current Streak4+ quarters growth
Business Segments
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CapEx at Other Companies
Frequently Asked Questions
- What is Walmart 's capex?
- Walmart (WMT) reported capex of $4.99B in Q2 2025.
- How has Walmart 's capex changed year-over-year?
- Walmart 's capex increased by 6.6% year-over-year, from $4.68B to $4.99B.
- What does capex mean?
- Money spent on buying or improving long-term physical assets like buildings and computers.