What is T-Mobile US's capex?

T-Mobile US (TMUS) reported capex of $2.62B in Q1 2026.

How has T-Mobile US's capex changed year-over-year?

T-Mobile US's capex increased by 7.0% year-over-year, from $2.45B to $2.62B.

What is the long-term trend for T-Mobile US's capex?

Over 4 years (2021 to 2025), T-Mobile US's capex has grown at a -5.2% compound annual growth rate (CAGR), from $12.33B to $9.96B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

T-Mobile US TMUS CapEx

CapEx at other companies

AT&TT

$4.88B+14.0%

ATN InternationalATNI

$21.02M+0.9%

SBA CommunicationsSBAC

$48.4M+4.8%

Crown CastleCCI

$57M+42.5%

Charter Communications, Inc.CHTR

$2.86B+19.0%

ComcastCMCSA

$2.35B+4.4%

Other financials

Income statement

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Revenue$23.1B+10.6%

Operating income$4.5B-6.3%

Net income$2.5B-15.2%

EPS (diluted)$2.27-12.0%

Balance sheet

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Cash & equivalents$3.9B-68.3%

Total debt$33.9B-14.7%

Total equity$55.9B-8.6%

Total assets$214.67B0.0%

Cash flow

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Operating cash flow$7.2B+5.5%

Free cash flow$4.6B+4.6%

Valuation

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Market cap$196.5B-21.9%

Enterprise value$226.5B-18.8%

P/E18.6×-2.5×

P/S2.2×-0.9×

Profitability

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Gross margin72%—

Operating margin19.9%-2.9pp

Net margin11.6%-2.8pp

FCF margin20.1%+1.5pp

Returns & leverage

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Return on equity18%-1.3pp

Debt / equity0.6×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by T-Mobile US in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: T-Mobile US’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is T-Mobile US's capex?: T-Mobile US (TMUS) reported capex of $2.62B in Q1 2026.
How has T-Mobile US's capex changed year-over-year?: T-Mobile US's capex increased by 7.0% year-over-year, from $2.45B to $2.62B.
What is the long-term trend for T-Mobile US's capex?: Over 4 years (2021 to 2025), T-Mobile US's capex has grown at a -5.2% compound annual growth rate (CAGR), from $12.33B to $9.96B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.