Capital Expenditures for Arrow Financial (AROW)
According to Arrow Financial's latest reported financial statements, the company's current capital expenditures (TTM) is $5.09M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

AROW
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Latest period
$5.09M
YoY change
-9.1%
5Y CAGR
-0.2%
Peak year (2022)
$14.25M
Cumulative capital expenditures
$109.47M
CapEx history chart for Arrow Financial (AROW) from 1991 to 2025
CapEx history table for Arrow Financial (AROW) from 1991 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $5.09M | -9.1% | ||
| 2024 | $5.60M | -21.0% | ||
| 2023 | $7.08M | -50.3% | ||
| 2022 | $14.25M | +99.7% | ||
| 2021 | $7.14M | +39.1% | ||
| 2020 | $5.13M | -34.1% | ||
| 2019 | $7.79M | +52.6% | ||
| 2018 | $5.10M | +96.1% | ||
| 2017 | $2.60M | +80.6% | ||
| 2016 | $1.44M | -11.1% | ||
| 2015 | $1.62M | +10.4% | ||
| 2014 | $1.47M | -34.3% | ||
| 2013 | $2.23M | -72.3% | ||
| 2012 | $8.07M | +50.3% | ||
| 2011 | $5.37M | +396.9% | ||
| 2010 | $1.08M | -56.8% | ||
| 2009 | $2.50M | +1.3% | ||
| 2008 | $2.47M | +70.3% | ||
| 2007 | $1.45M | +7.6% | ||
| 2006 | $1.35M | -15.1% | ||
| 2005 | $1.59M | -14.0% | ||
| 2004 | $1.85M | +20.6% | ||
| 2003 | $1.53M | -3.8% | ||
| 2002 | $1.59M | -12.0% | ||
| 2001 | $1.81M | +2.0% | ||
| 2000 | $1.77M | -6.7% | ||
| 1999 | $1.90M | +35.7% | ||
| 1998 | $1.40M | +55.6% | ||
| 1997 | $900,000 | -57.1% | ||
| 1996 | $2.10M | +250.0% | ||
| 1995 | $600,000 | -25.0% | ||
| 1994 | $800,000 | +100.0% | ||
| 1993 | $400,000 | -42.9% | ||
| 1992 | $700,000 | -58.8% | ||
| 1991 | $1.70M | — |
CapEx values are taken from Arrow Financial's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Arrow Financial (AROW) reported capital expenditures of $5.09M – declined 9.1% year-over-year.
Over 2020–2025 (5 years), Arrow Financial capital expenditures expanded at a -0.2% compound annual rate, with a net decline across the window.
Arrow Financial capital expenditures peaked at $14.25M in 2022; the latest annual figure is $5.09M in 2025 (64.3% below peak).
The dataset's maximum capital expenditures sits at $14.25M (2022); the minimum reading of $400,000 dates to 1993.
Among 8 Financial Services peers, Arrow Financial (AROW) ranks 6th; the peer median for capital expenditures is $985.50M.
Arrow Financial Capital Expenditures by Year
Arrow Financial Capital Expenditures 2025: $5.09M
Arrow Financial capital expenditures in 2025 was $5.09M, declined 9.1% below 2024.
Arrow Financial Capital Expenditures 2024: $5.60M
Arrow Financial capital expenditures in 2024 was $5.60M, declined 21.0% below 2023.
Arrow Financial Capital Expenditures 2023: $7.08M
Arrow Financial capital expenditures in 2023 was $7.08M, plunged 50.3% below 2022.
Arrow Financial Capital Expenditures 2022: $14.25M
Arrow Financial capital expenditures in 2022 was $14.25M, surged 99.7% from 2021. This figure represents the highest annual value in the available history.
Arrow Financial Capital Expenditures 2021: $7.14M
Arrow Financial capital expenditures in 2021 was $7.14M.
See more financial history for Arrow Financial (AROW).
Sector peers — CapEx
Companies in the same sector as Arrow Financial, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is Arrow Financial's capital expenditures?
Latest reported capital expenditures for Arrow Financial (AROW) is $5.09M (period ending December 31, 2025).
How has Arrow Financial capital expenditures changed year-over-year?
Arrow Financial (AROW) capital expenditures changed -9.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Arrow Financial capital expenditures?
Arrow Financial (AROW) capital expenditures compound annual growth rate is -0.2% over the most recent 5 years available.
When did Arrow Financial capital expenditures hit its highest annual value?
Arrow Financial capital expenditures reached its highest annual value of $14.25M in 2022.
What was Arrow Financial capital expenditures in 2024?
Arrow Financial (AROW) capital expenditures in 2024 was $5.60M.
What was Arrow Financial capital expenditures in 2025?
Arrow Financial (AROW) capital expenditures in 2025 was $5.09M.
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