WMT · 10-Q · 2026Q2 · Full report

Capital Allocation and CapEx

Walmart Inc. · 2026-05-29 · Importance 72 · Surprise 74

For the three months ended April 30, 2026, the Company spent $6.684 billion on property and equipment (total capital expenditures), up from $4.986 billion a year earlier, driven by supply chain, customer‑facing initiatives, technology and store/club remodels. The quarter's capital allocation included $3.817 billion toward supply chain, customer‑facing initiatives and technology and $1.584 billion toward store and club remodels. Management states it will allocate the majority of capital to higher‑return areas focused on automation, eCommerce, supply chain and store/club investments as part of its strategic priorities.

Key facts

• Total capital expenditures for the three months ended April 30, 2026: $6,684 million with $3,817 million for supply chain, customer-facing initiatives, technology and other, and $1,584 million for store and club remodels. source