What is Apple's capex?

Apple (AAPL) reported capex of $2.37B in Q4 2025.

How has Apple's capex changed year-over-year?

Apple's capex decreased by 19.3% year-over-year, from $2.94B to $2.37B.

What does capex mean?

Money spent on buying or improving long-term physical assets like buildings and computers.

Discontinued — last reported Q4 '25

CapEx

Apple CapEx decreased by 19.3% to $2.37B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 19.3%, from $2.94B to $2.37B.

Analysis

StatementCash Flow Statement

SectionInvesting

CategoryGrowth

SignalContext dependent

VolatilityModerate

First reportedQ1 2007

Last reportedQ4 2025

How to read this metric

An increase signals aggressive investment in future capacity and growth, particularly in infrastructure-heavy businesses like cloud computing.

Detailed definition

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...

Peer comparison

Hyperscale cloud competitors like Amazon (AWS) and Alphabet (Google Cloud) show high CapEx relative to revenue to maintain competitive infrastructure.

Metric ID: cf_capital_expenditures

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$2.80B	$3.79B	$2.39B	$2.94B	$2.37B
QoQ Change	—	+35.1%	-36.8%	+22.9%	-19.3%
YoY Change	—	+35.1%	-36.8%	+22.9%	-19.3%

Range$2.37B – $3.79B

CAGR-15.3%

Avg YoY Growth+0.5%

Median YoY Growth+1.8%

CapEx at Other Companies

Meta Platforms, Inc.META View metric

Broadcom Inc.AVGO View metric

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NvidiaNVDA View metric

MastercardMA View metric

Frequently Asked Questions

What is Apple's capex?: Apple (AAPL) reported capex of $2.37B in Q4 2025.
How has Apple's capex changed year-over-year?: Apple's capex decreased by 19.3% year-over-year, from $2.94B to $2.37B.
What does capex mean?: Money spent on buying or improving long-term physical assets like buildings and computers.