Latest period
$17.4B
YoY change
-5.4%
5Y CAGR
-3.5%
Peak year (FY2022)
$26.7B
Cumulative CapEx
$507B
CapEx history chart for Verizon (VZ) from 2016 to 2025
Latest: $17B
CapEx growth chart for Verizon (VZ) from 2016 to 2025
Latest: -5.4%
CapEx history table for Verizon (VZ) from 1989 to 2025
| FY2025 | $17B | -5.4% | -$979M | ||
| FY2024 | $18B | -4.1% | -$777M | ||
| FY2023 | $18.8B | -29.8% | -$7.97B | ||
| FY2022 | $26.7B | +31.8% | +$6.45B | ||
| FY2021 | $20.3B | -0.2% | -$32M | ||
| FY2020 | $20.3B | +7.9% | +$1.48B | ||
| FY2019 | $18.8B | +4.1% | +$750M | ||
| FY2018 | $18.1B | +1.4% | +$257M | ||
| FY2017 | $17.8B | +1.3% | +$237M | ||
| FY2016 | $17.6B | -1.0% | -$182M | ||
| FY2015 | $17.8B | +1.3% | +$230M | ||
| FY2014 | $17.5B | +2.1% | +$361M | ||
| FY2013 | $17.2B | -14.5% | -$2.93B | ||
| FY2012 | $20.1B | +23.8% | +$3.87B | ||
| FY2011 | $16.2B | -1.3% | -$214M | ||
| FY2010 | $16.5B | -3.5% | -$589M | ||
| FY2009 | $17B | -1.1% | -$191M | ||
| FY2008 | $17.2B | -1.7% | -$300M | ||
| FY2007 | $17.5B | +2.6% | +$437M | ||
| FY2006 | $17.1B | +11.6% | +$1.78B | ||
| FY2005 | $15.3B | +15.6% | +$2.07B | ||
| FY2004 | $13.3B | +11.6% | +$1.38B | ||
| FY2003 | $11.9B | -0.8% | -$100M | ||
| FY2002 | $12B | -31.0% | -$5.39B | ||
| FY2001 | $17.4B | -1.5% | -$262M | ||
| FY2000 | $17.6B | +92.1% | +$8.45B | ||
| FY1999 | $9.18B | +22.3% | +$1.67B | ||
| FY1998 | $7.51B | +13.1% | +$871M | ||
| FY1997 | $6.64B | +160.0% | +$4.08B | ||
| FY1996 | $2.55B | -2.8% | -$73.8M | ||
| FY1995 | $2.63B | -0.8% | -$21.1M | ||
| FY1994 | $2.65B | +5.2% | +$131M | ||
| FY1993 | $2.52B | +1.2% | +$29.3M | ||
| FY1992 | $2.49B | +1.2% | +$29.1M | ||
| FY1991 | $2.46B | -2.5% | -$62.9M | ||
| FY1990 | $2.52B | -2.4% | -$62.4M | ||
| FY1989 | $2.58B | — | — |
- FY2025$17B-5.4%
- FY2024$18B-4.1%
- FY2023$18.8B-29.8%
- FY2022$26.7B+31.8%
- FY2021$20.3B-0.2%
- FY2020$20.3B+7.9%
- FY2019$18.8B+4.1%
- FY2018$18.1B+1.4%
- FY2017$17.8B+1.3%
- FY2016$17.6B-1.0%
- FY2015$17.8B+1.3%
- FY2014$17.5B+2.1%
- FY2013$17.2B-14.5%
- FY2012$20.1B+23.8%
- FY2011$16.2B-1.3%
- FY2010$16.5B-3.5%
- FY2009$17B-1.1%
- FY2008$17.2B-1.7%
- FY2007$17.5B+2.6%
- FY2006$17.1B+11.6%
- FY2005$15.3B+15.6%
- FY2004$13.3B+11.6%
- FY2003$11.9B-0.8%
- FY2002$12B-31.0%
- FY2001$17.4B-1.5%
- FY2000$17.6B+92.1%
- FY1999$9.18B+22.3%
- FY1998$7.51B+13.1%
- FY1997$6.64B+160.0%
- FY1996$2.55B-2.8%
- FY1995$2.63B-0.8%
- FY1994$2.65B+5.2%
- FY1993$2.52B+1.2%
- FY1992$2.49B+1.2%
- FY1991$2.46B-2.5%
- FY1990$2.52B-2.4%
- FY1989$2.58B—
CapEx values are taken from Verizon'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 Verizon (VZ)
According to Verizon's latest reported financial statements, the company's current CapEx (TTM) is $17.4B. 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 Verizon (VZ) came in at $17B – declined 5.4% year-over-year.
Verizon CapEx has contracted on net over the period, with a -3.5% compound annual growth rate over 2020–2025 (5 years).
Verizon CapEx peaked at $26.7B in 2022; the latest annual figure is $17B in 2025 (36.4% below peak).
The record annual CapEx stands at $26.7B, reached in 2022; the historical low of $2.46B was recorded in 1991.
Verizon Capital Expenditures by Year
Verizon Capital Expenditures 2025: $17B
2025's CapEx for Verizon came in at $17B, declined 5.4% below 2024.
Verizon Capital Expenditures 2024: $18B
Verizon posted CapEx of $18B in 2024, edged down 4.1% below 2023.
Verizon Capital Expenditures 2023: $18.8B
In 2023, Verizon reported CapEx of $18.8B, declined 29.8% below 2022.
Verizon Capital Expenditures 2022: $26.7B
Verizon CapEx in 2022 was $26.7B, surged 31.8% from 2021. This figure represents the highest annual value in the available history.
Verizon Capital Expenditures 2021: $20.3B
Verizon CapEx in 2021 was $20.3B.
See more financial history for Verizon (VZ).
Sector peers by CapEx
Communication Services peers of Verizon (VZ), ranked by their latest CapEx
| $91.4B | |
| $69.7B | |
| $20.8B | |
| $11.8B | |
| $9.96B | |
| $8.02B | |
| $688M | |
| $71M |
- $91.4B
- $69.7B
- $20.8B
- $11.8B
- $9.96B
- $8.02B
- $688M
- $71M
Frequently asked questions
Verizon (VZ) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks1.98% TTM
- Dividend Profile5.92% yield
- Dividend Calculator
- Dividend Forecast
- Dividend Capture
- Stock Split History5 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.