Discontinued — last reported Q4 '25
D&A
Walmart D&A increased by 3.7% to $3.74B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.9%, from $3.37B to $3.74B. Over 4 years (FY 2022 to FY 2026), D&A shows an upward trend with a 7.4% CAGR.
Analysis
How to read this metric
Higher levels typically reflect significant historical capital expenditures or acquisitions that are now being expensed over time.
Detailed definition
This metric represents the non-cash accounting charges used to allocate the cost of tangible assets and intangible asset...
Peer comparison
Capital-intensive hardware manufacturers generally show higher D&A relative to revenue than pure-play software companies.
depreciation_and_amortization_cfHistorical Data
| Q1 '21 | Q2 '21 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.66B | $2.64B | $2.65B | $2.71B | $2.68B | $2.70B | $2.76B | $2.81B | $2.85B | $2.91B | $2.99B | $3.12B | $3.13B | $3.21B | $3.26B | $3.37B | $3.37B | $3.49B | $3.61B | $3.74B |
| QoQ Change | — | -0.8% | +0.3% | +2.1% | -1.0% | +0.7% | +2.1% | +2.0% | +1.2% | +2.1% | +2.8% | +4.4% | +0.4% | +2.7% | +1.5% | +3.5% | -0.1% | +3.5% | +3.4% | +3.7% |
| YoY Change | — | — | — | — | +0.7% | +2.2% | +4.0% | +3.9% | +6.2% | +7.6% | +8.4% | +10.9% | +9.9% | +10.5% | +9.2% | +8.2% | +7.7% | +8.6% | +10.6% | +10.9% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Walmart US | $2.04B | $2.11B | $2.16B | $2.24B | $2.24B | $2.30B | $2.38B | $2.47B |
| Walmart International | $569.00M | $562.00M | $556.00M | $573.00M | $549.00M | $572.00M | $584.00M | $599.00M |
| Total | $3.13B | $3.21B | $3.26B | $3.37B | $3.37B | $3.49B | $3.61B | $3.74B |
Corporate And Support, Sams Club are derived from annual filings.
Corporate And Support, Sams Club were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
D&A at Other Companies
Frequently Asked Questions
- What is Walmart 's d&a?
- Walmart (WMT) reported d&a of $3.74B in Q4 2025.
- How has Walmart 's d&a changed year-over-year?
- Walmart 's d&a increased by 10.9% year-over-year, from $3.37B to $3.74B.
- What is the long-term trend for Walmart 's d&a?
- Over 4 years (2022 to 2026), Walmart 's d&a has grown at a 7.4% compound annual growth rate (CAGR), from $10.66B to $14.20B.
- What does d&a mean?
- The accounting process of spreading the cost of physical and intangible assets over time.