Investing
CapEx
PPL CapEx decreased by 9.0% to $1.06B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 33.4%, from $793.00M to $1.06B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 19.5% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
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.
Metric ID:
capital_expendituresHistorical Data
20 periods
| 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 | $498.00M | $491.00M | $513.00M | $427.00M | $582.00M | $506.00M | $640.00M | $499.00M | $591.00M | $651.00M | $649.00M | $596.00M | $670.00M | $679.00M | $860.00M | $793.00M | $930.00M | $1.15B | $1.16B | $1.06B |
| QoQ Change | — | -1.4% | +4.5% | -16.8% | +36.3% | -13.1% | +26.5% | -22.0% | +18.4% | +10.2% | -0.3% | -8.2% | +12.4% | +1.3% | +26.7% | -7.8% | +17.3% | +23.1% | +1.5% | -9.0% |
| YoY Change | — | — | — | — | +16.9% | +3.1% | +24.8% | +16.9% | +1.5% | +28.7% | +1.4% | +19.4% | +13.4% | +4.3% | +32.5% | +33.1% | +38.8% | +68.6% | +35.1% | +33.4% |
Range$427.00M – $1.16B
CAGR+17.2%
Avg YoY Growth+23.2%
Median YoY Growth+22.1%
CapEx at Other Companies
Frequently Asked Questions
- What is PPL's capex?
- PPL (PPL) reported capex of $1.06B in Q1 2026.
- How has PPL's capex changed year-over-year?
- PPL's capex increased by 33.4% year-over-year, from $793.00M to $1.06B.
- What is the long-term trend for PPL's capex?
- Over 4 years (2021 to 2025), PPL's capex has grown at a 19.5% compound annual growth rate (CAGR), from $1.97B to $4.03B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.