CapEx
Exelon CapEx decreased by 3.1% to $2.36B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 21.2%, from $1.95B to $2.36B. Over 4 years (FY 2021 to FY 2025), CapEx shows relatively stable performance with a 1.7% CAGR.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
capital_expendituresHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.90B | $1.93B | $2.01B | $1.92B | $1.59B | $1.67B | $1.97B | $1.88B | $1.80B | $1.86B | $1.87B | $1.77B | $1.70B | $1.70B | $1.94B | $1.95B | $2.01B | $2.14B | $2.43B | $2.36B |
| QoQ Change | — | +1.6% | +4.2% | -4.4% | -17.5% | +5.5% | +17.7% | -4.4% | -4.1% | +2.8% | +0.7% | -5.4% | -3.8% | -0.2% | +14.2% | +0.5% | +3.4% | +6.1% | +14.0% | -3.1% |
| YoY Change | — | — | — | — | -16.6% | -13.4% | -2.1% | -2.1% | +13.8% | +10.9% | -5.1% | -6.1% | -5.8% | -8.6% | +3.6% | +10.1% | +18.5% | +26.0% | +25.7% | +21.2% |
Business Segments
| Segment | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|
| PECO Energy Co | $362.00M | $344.00M | $314.00M | $333.00M | $358.00M | $335.00M | $372.00M | $361.00M |
| Baltimore Gas and Electric Company | $319.00M | $303.00M | $275.00M | $340.00M | $344.00M | $350.00M | $306.00M | $330.00M |
| Potomac Electric Power Company | $202.00M | $218.00M | $184.00M | $193.00M | $279.00M | $264.00M | $219.00M | $227.00M |
| Delmarva Power & Light Company | $109.00M | $103.00M | $91.00M | $100.00M | $136.00M | $134.00M | $124.00M | $158.00M |
| Atlantic City Electric Company | $109.00M | $87.00M | $92.00M | $105.00M | $114.00M | $161.00M | $114.00M | $101.00M |
| Corporate and Other | $2.00M | $22.00M | $38.00M | $8.00M | $27.00M | $18.00M | $20.00M | $12.00M |
| Total | $2.01B | $1.92B | $1.59B | $1.67B | $1.97B | $1.88B | $1.80B | $1.86B |
Atlantic City Electric Company, Baltimore Gas and Electric Company, Corporate and Other, Delmarva Power & Light Company, PECO Energy Co, Potomac Electric Power Company were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Exelon's capex?
- Exelon (EXC) reported capex of $2.36B in Q1 2026.
- How has Exelon's capex changed year-over-year?
- Exelon's capex increased by 21.2% year-over-year, from $1.95B to $2.36B.
- What is the long-term trend for Exelon's capex?
- Over 4 years (2021 to 2025), Exelon's capex has grown at a 1.7% compound annual growth rate (CAGR), from $7.98B to $8.53B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.