This review article summarizes recent lattice QCD results for D and Ds meson leptonic and semileptonic decays. Knowing the meson decay constants and semileptonic form factors from theory, one can extract CKM elements Vcd and Vcs from experimental results. At present, the most accurate results for decay constants are from the Fermilab Lattice and MILC Collaborations: fD=212.5±0.5stat−1.5+0.6∣syst MeV and fDs=248.9±0.2stat−1.6+0.5∣syst MeV, giving Vcd=0.2184±0.009expt−0.0016+0.0008∣lattice and Vcs=1.017±0.02expt−0.007+0.002∣lattice. The shapes of the semileptonic form factors from lattice QCD agree very well with experiment, and the accuracy is currently at the 2-5% level for D→πℓν and 1-2% for D→Kℓν. Extracting the CKM elements from the semileptonic decays yields Vcd=0.225(6)expt(10)lattice (HPQCD Collaboration) and Vcs=0.963(5)expt(14)lattice (HPQCD Collaboration). These lattice calculations also revealed that the semileptonic form factors are insensitive to whether the spectator quark is a light or strange quark.