Walmart US — CapEx
Business Segments · CapExWalmart Walmart US — CapEx increased by 14.8% to $5.48B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 29.9%, from $4.22B to $5.48B. Over 4 years (FY 2021 to FY 2025), Walmart US — CapEx shows an upward trend with a 28.0% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ1 2014
Last reportedQ4 2025
Rolls up toCapEx
How to read this metric
High spending indicates a focus on growth and modernization, while low spending may signal a focus on cash preservation or a mature asset base.
Detailed definition
This metric tracks the cash outflows used to acquire, upgrade, and maintain physical assets such as stores, distribution...
Peer comparison
Comparable to capital expenditures (CapEx) for any large-scale retail or infrastructure-heavy company.
Metric ID:
wmt_segment_walmart_u_s_capital_expendituresHistorical Data
19 periods
| 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 | $1.53B | $1.53B | $1.53B | $2.12B | $2.12B | $2.12B | $2.12B | $2.86B | $2.86B | $2.86B | $2.86B | $2.08B | $3.55B | $4.03B | $4.22B | $2.44B | $3.77B | $4.78B | $5.48B |
| QoQ Change | — | +0.0% | +0.0% | +38.2% | +0.0% | +0.0% | +0.0% | +34.8% | +0.0% | +0.0% | +0.0% | -27.1% | +70.4% | +13.5% | +4.9% | -42.3% | +54.9% | +26.6% | +14.8% |
| YoY Change | — | — | — | — | +38.2% | +38.2% | +38.2% | +34.8% | +34.8% | +34.8% | +34.8% | -27.1% | +24.2% | +41.0% | +47.8% | +17.0% | +6.3% | +18.6% | +29.9% |
Range$1.53B – $5.48B
CAGR+32.7%
Avg YoY Growth+27.4%
Median YoY Growth+34.8%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Walmart 's walmart us — capex?
- Walmart (WMT) reported walmart us — capex of $5.48B in Q4 2025.
- How has Walmart 's walmart us — capex changed year-over-year?
- Walmart 's walmart us — capex increased by 29.9% year-over-year, from $4.22B to $5.48B.
- What is the long-term trend for Walmart 's walmart us — capex?
- Over 4 years (2021 to 2025), Walmart 's walmart us — capex has grown at a 28.0% compound annual growth rate (CAGR), from $6.13B to $16.47B.
- What does walmart us — capex mean?
- The amount of money spent on long-term investments like new stores or technology upgrades.