Latest period
$21.44B
YoY change
+2.9%
5Y CAGR
+5.9%
Peak year (2016)
$21.52B
Cumulative CapEx
$466.97B
CapEx history chart for AT&T (T) from 1989 to 2025
Latest: $20.84B
CapEx growth chart for AT&T (T) from 1989 to 2025
Latest: +2.9%
CapEx history table for AT&T (T) from 1989 to 2025
| 2025 | $20.84B | +2.9% | +$579.00M | ||
| 2024 | $20.26B | +13.5% | +$2.41B | ||
| 2023 | $17.85B | -9.0% | −$1.77B | ||
| 2022 | $19.63B | +18.8% | +$3.10B | ||
| 2021 | $16.53B | +5.4% | +$852.00M | ||
| 2020 | $15.68B | -19.3% | −$3.76B | ||
| 2019 | $19.43B | -6.4% | −$1.32B | ||
| 2018 | $20.76B | +0.5% | +$111.00M | ||
| 2017 | $20.65B | -4.0% | −$869.00M | ||
| 2016 | $21.52B | +12.0% | +$2.30B | ||
| 2015 | $19.22B | -9.3% | −$1.98B | ||
| 2014 | $21.20B | +1.2% | +$255.00M | ||
| 2013 | $20.94B | +7.6% | +$1.48B | ||
| 2012 | $19.46B | -3.2% | −$645.00M | ||
| 2011 | $20.11B | +3.0% | +$580.00M | ||
| 2010 | $19.53B | +17.7% | +$2.94B | ||
| 2009 | $16.59B | -15.7% | −$3.08B | ||
| 2008 | $19.68B | +11.1% | +$1.96B | ||
| 2007 | $17.72B | +112.9% | +$9.40B | ||
| 2006 | $8.32B | +49.2% | +$2.74B | ||
| 2005 | $5.58B | +9.4% | +$477.00M | ||
| 2004 | $5.10B | -2.3% | −$120.00M | ||
| 2003 | $5.22B | -23.3% | −$1.59B | ||
| 2002 | $6.81B | -39.2% | −$4.38B | ||
| 2001 | $11.19B | -14.7% | −$1.94B | ||
| 2000 | $13.12B | +27.4% | +$2.82B | ||
| 1999 | $10.30B | +73.8% | +$4.38B | ||
| 1998 | $5.93B | +2.8% | +$161.00M | ||
| 1997 | $5.77B | +90.5% | +$2.74B | ||
| 1996 | $3.03B | +29.6% | +$691.30M | ||
| 1995 | $2.34B | -0.6% | −$14.50M | ||
| 1994 | $2.35B | +5.8% | +$129.10M | ||
| 1993 | $2.22B | +3.6% | +$76.80M | ||
| 1992 | $2.14B | +17.4% | +$317.90M | ||
| 1991 | $1.83B | +2.7% | +$48.00M | ||
| 1990 | $1.78B | +19.9% | +$295.30M | ||
| 1989 | $1.48B | — | — |
- 2025$20.84B+2.9%
- 2024$20.26B+13.5%
- 2023$17.85B-9.0%
- 2022$19.63B+18.8%
- 2021$16.53B+5.4%
- 2020$15.68B-19.3%
- 2019$19.43B-6.4%
- 2018$20.76B+0.5%
- 2017$20.65B-4.0%
- 2016$21.52B+12.0%
- 2015$19.22B-9.3%
- 2014$21.20B+1.2%
- 2013$20.94B+7.6%
- 2012$19.46B-3.2%
- 2011$20.11B+3.0%
- 2010$19.53B+17.7%
- 2009$16.59B-15.7%
- 2008$19.68B+11.1%
- 2007$17.72B+112.9%
- 2006$8.32B+49.2%
- 2005$5.58B+9.4%
- 2004$5.10B-2.3%
- 2003$5.22B-23.3%
- 2002$6.81B-39.2%
- 2001$11.19B-14.7%
- 2000$13.12B+27.4%
- 1999$10.30B+73.8%
- 1998$5.93B+2.8%
- 1997$5.77B+90.5%
- 1996$3.03B+29.6%
- 1995$2.34B-0.6%
- 1994$2.35B+5.8%
- 1993$2.22B+3.6%
- 1992$2.14B+17.4%
- 1991$1.83B+2.7%
- 1990$1.78B+19.9%
- 1989$1.48B—
CapEx values are taken from AT&T's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at AT&T (T)
According to AT&T's latest reported financial statements, the company's current CapEx (TTM) is $21.44B. 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 .
2025's annual CapEx for AT&T (T) came in at $20.84B – edged up 2.9% year-over-year.
AT&T CapEx has grown for 2 consecutive years, with a +5.9% compound annual growth rate over 2020–2025 (5 years).
Between 2016 and 2025, AT&T CapEx edged down 3.1%, falling from $21.52B to $20.84B.
2016 marks the peak CapEx at $21.52B, with the historical low of $1.48B recorded in 1989.
AT&T Capital Expenditures by Year
AT&T Capital Expenditures 2025: $20.84B
In 2025, AT&T reported CapEx of $20.84B, edged up 2.9% from 2024.
AT&T Capital Expenditures 2024: $20.26B
AT&T CapEx in 2024 was $20.26B, grew 13.5% from 2023.
AT&T Capital Expenditures 2023: $17.85B
2023's CapEx for AT&T came in at $17.85B, declined 9.0% below 2022.
AT&T Capital Expenditures 2022: $19.63B
AT&T posted CapEx of $19.63B in 2022, grew 18.8% from 2021.
AT&T Capital Expenditures 2021: $16.53B
AT&T CapEx in 2021 was $16.53B.
See more financial history for AT&T (T).
Sector peers by CapEx
Communication Services peers of AT&T (T), ranked by their latest CapEx
| $91.45B | |
| $69.69B | |
| $17.01B | |
| $11.75B | |
| $9.96B | |
| $8.02B | |
| $688.22M | |
| $71.00M |
- $91.45B
- $69.69B
- $17.01B
- $11.75B
- $9.96B
- $8.02B
- $688.22M
- $71.00M
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