Communications — CapEx
Business Segments · CapExAT&T Communications — CapEx increased by 39.5% to $6.36B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 0.5%, from $6.39B to $6.36B. Over 2 years (FY 2023 to FY 2025), Communications — CapEx shows an upward trend with a 7.7% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ1 2023
Last reportedQ4 2025
Rolls up toCapEx
How to read this metric
High spending signals investment in future growth, while low spending may indicate a focus on cash flow preservation.
Detailed definition
The funds used by the Communications segment to acquire, upgrade, and maintain physical assets such as network towers, f...
Peer comparison
Standard metric for all infrastructure-heavy industries like telecom and utilities.
Metric ID:
t_segment_communications_capital_expendituresHistorical Data
12 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.22B | $4.22B | $4.22B | $4.22B | $3.55B | $4.20B | $5.21B | $6.39B | $4.05B | $4.63B | $4.56B | $6.36B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -16.0% | +18.4% | +24.0% | +22.7% | -36.7% | +14.4% | -1.6% | +39.5% |
| YoY Change | — | — | — | — | -16.0% | -0.5% | +23.4% | +51.4% | +14.1% | +10.3% | -12.4% | -0.5% |
Range$3.55B – $6.39B
CAGR+16.1%
Avg YoY Growth+8.7%
Median YoY Growth+4.9%
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Frequently Asked Questions
- What is AT&T's communications — capex?
- AT&T (T) reported communications — capex of $6.36B in Q4 2025.
- How has AT&T's communications — capex changed year-over-year?
- AT&T's communications — capex decreased by 0.5% year-over-year, from $6.39B to $6.36B.
- What is the long-term trend for AT&T's communications — capex?
- Over 2 years (2023 to 2025), AT&T's communications — capex has grown at a 7.7% compound annual growth rate (CAGR), from $16.88B to $19.59B.
- What does communications — capex mean?
- The amount of money spent on building and upgrading physical network infrastructure and equipment.