Capital Expenditures for AT&T (T)
According to AT&T's latest reported financial statements, the company's current capital expenditures (TTM) is $21.44B 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 .
T
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Latest period
$21.44B
YoY change
+2.9%
5Y CAGR
+5.9%
Peak year (2016)
$21.52B
Cumulative capital expenditures
$462.09B
CapEx history chart for AT&T (T) from 1989 to 2025
CapEx history table for AT&T (T) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (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
2025's annual capital expenditures for AT&T (T) came in at $20.84B – edged up 2.9% year-over-year.
AT&T capital expenditures 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 capital expenditures edged down 3.1%, falling from $21.52B to $20.84B.
2016 marks the peak capital expenditures at $21.52B, with the historical low of $1.48B recorded in 1989.
Among 8 Communication Services peers, AT&T (T) ranks 3rd; the peer median for capital expenditures is $10.85B.
AT&T Capital Expenditures by Year
AT&T Capital Expenditures 2025: $20.84B
AT&T capital expenditures in 2025 was $20.84B, edged up 2.9% from 2024.
AT&T Capital Expenditures 2024: $20.26B
AT&T capital expenditures in 2024 was $20.26B, grew 13.5% from 2023.
AT&T Capital Expenditures 2023: $17.85B
AT&T capital expenditures in 2023 was $17.85B, declined 9.0% below 2022.
AT&T Capital Expenditures 2022: $19.63B
AT&T capital expenditures in 2022 was $19.63B, grew 18.8% from 2021.
AT&T Capital Expenditures 2021: $16.53B
AT&T capital expenditures in 2021 was $16.53B.
See more financial history for AT&T (T).
Sector peers — CapEx
Companies in the same sector as AT&T, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $91.45B | Communication Services |
| Meta Platforms, Inc. (META) | $69.69B | Communication Services |
| Verizon Communications Inc. (VZ) | $17.01B | Communication Services |
| Comcast Corporation (CMCSA) | $11.75B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $9.96B | Communication Services |
| The Walt Disney Company (DIS) | $8.02B | Communication Services |
| Netflix, Inc. (NFLX) | $688.22M | Communication Services |
| Spotify Technology S.A. (SPOT) | $61.00M | Communication Services |
Frequently asked questions
What is AT&T's capital expenditures?
- Latest reported capital expenditures for AT&T (T) is $21.44B (period ending March 31, 2026).
How has AT&T capital expenditures changed year-over-year?
- AT&T (T) capital expenditures changed +2.9% year-over-year on the latest annual filing.
What is the long-term growth rate of AT&T capital expenditures?
- AT&T (T) capital expenditures compound annual growth rate is +5.9% over the most recent 5 years available.
When did AT&T capital expenditures hit its highest annual value?
- AT&T capital expenditures reached its highest annual value of $21.52B in 2016.
What was AT&T capital expenditures in 2024?
- AT&T (T) capital expenditures in 2024 was $20.26B.
What was AT&T capital expenditures in 2025?
- AT&T (T) capital expenditures in 2025 was $20.84B.
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