Capital Expenditures for Verizon (VZ)
According to Verizon's latest reported financial statements, the company's current capital expenditures (TTM) is $17.35B 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 .
VZ
Currently viewingCapital ExpendituresSwitch metric
Latest period
$17.35B
YoY change
-5.4%
5Y CAGR
-3.5%
Peak year (2022)
$26.74B
Cumulative capital expenditures
$498.88B
CapEx history chart for Verizon (VZ) from 1989 to 2025
CapEx history table for Verizon (VZ) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $17.01B | -5.4% | ||
| 2024 | $17.99B | -4.1% | ||
| 2023 | $18.77B | -29.8% | ||
| 2022 | $26.74B | +31.8% | ||
| 2021 | $20.29B | -0.2% | ||
| 2020 | $20.32B | +7.9% | ||
| 2019 | $18.84B | +4.1% | ||
| 2018 | $18.09B | +1.4% | ||
| 2017 | $17.83B | +1.3% | ||
| 2016 | $17.59B | -1.0% | ||
| 2015 | $17.77B | +1.3% | ||
| 2014 | $17.55B | +2.1% | ||
| 2013 | $17.18B | -14.5% | ||
| 2012 | $20.11B | +23.8% | ||
| 2011 | $16.24B | -1.3% | ||
| 2010 | $16.46B | -3.5% | ||
| 2009 | $17.05B | -1.1% | ||
| 2008 | $17.24B | -1.7% | ||
| 2007 | $17.54B | +2.6% | ||
| 2006 | $17.10B | +11.6% | ||
| 2005 | $15.32B | +15.6% | ||
| 2004 | $13.26B | +11.6% | ||
| 2003 | $11.88B | -0.8% | ||
| 2002 | $11.98B | -31.0% | ||
| 2001 | $17.37B | -1.5% | ||
| 2000 | $17.63B | +92.1% | ||
| 1999 | $9.18B | +22.3% | ||
| 1998 | $7.51B | +13.1% | ||
| 1997 | $6.64B | +160.0% | ||
| 1996 | $2.55B | -2.8% | ||
| 1995 | $2.63B | -0.8% | ||
| 1994 | $2.65B | +5.2% | ||
| 1993 | $2.52B | +1.2% | ||
| 1992 | $2.49B | +1.2% | ||
| 1991 | $2.46B | -2.5% | ||
| 1990 | $2.52B | -2.4% | ||
| 1989 | $2.58B | — |
CapEx values are taken from Verizon'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 Verizon (VZ) came in at $17.01B – declined 5.4% year-over-year.
Verizon capital expenditures has contracted on net over the period, with a -3.5% compound annual growth rate over 2020–2025 (5 years).
Verizon capital expenditures peaked at $26.74B in 2022; the latest annual figure is $17.01B in 2025 (36.4% below peak).
The dataset's maximum capital expenditures sits at $26.74B (2022); the minimum reading of $2.46B dates to 1991.
Within Communication Services, Verizon (VZ) ranks 4th among 8 peers we track. The peer median for capital expenditures is $10.85B.
Verizon Capital Expenditures by Year
Verizon Capital Expenditures 2025: $17.01B
Verizon capital expenditures in 2025 was $17.01B, declined 5.4% below 2024.
Verizon Capital Expenditures 2024: $17.99B
Verizon capital expenditures in 2024 was $17.99B, edged down 4.1% below 2023.
Verizon Capital Expenditures 2023: $18.77B
Verizon capital expenditures in 2023 was $18.77B, declined 29.8% below 2022.
Verizon Capital Expenditures 2022: $26.74B
Verizon capital expenditures in 2022 was $26.74B, surged 31.8% from 2021. This figure represents the highest annual value in the available history.
Verizon Capital Expenditures 2021: $20.29B
Verizon capital expenditures in 2021 was $20.29B.
See more financial history for Verizon (VZ).
Sector peers — CapEx
Companies in the same sector as Verizon, 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 |
| AT&T Inc. (T) | $20.84B | 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 Verizon's capital expenditures?
- Latest reported capital expenditures for Verizon (VZ) is $17.35B (period ending December 31, 2025).
How has Verizon capital expenditures changed year-over-year?
- Verizon (VZ) capital expenditures changed -5.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Verizon capital expenditures?
- Verizon (VZ) capital expenditures compound annual growth rate is -3.5% over the most recent 5 years available.
When did Verizon capital expenditures hit its highest annual value?
- Verizon capital expenditures reached its highest annual value of $26.74B in 2022.
What was Verizon capital expenditures in 2024?
- Verizon (VZ) capital expenditures in 2024 was $17.99B.
What was Verizon capital expenditures in 2025?
- Verizon (VZ) capital expenditures in 2025 was $17.01B.
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