Investing
CapEx
T-Mobile US CapEx increased by 10.1% to $2.64B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 34.6%, from $1.96B to $2.64B. Over 3 years (FY 2021 to FY 2024), CapEx shows a downward trend with a -10.5% 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:
cf_capital_expendituresHistorical Data
18 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.27B | $2.94B | $2.93B | $3.38B | $3.57B | $3.63B | $3.38B | $3.00B | $2.79B | $2.42B | $1.59B | $2.63B | $2.04B | $1.96B | $2.21B | $2.45B | $2.40B | $2.64B |
| QoQ Change | — | -10.0% | -0.5% | +15.4% | +5.6% | +1.7% | -6.9% | -11.3% | -7.1% | -13.1% | -34.5% | +65.5% | -22.3% | -3.9% | +12.8% | +10.8% | -2.2% | +10.1% |
| YoY Change | — | — | — | — | +9.2% | +23.4% | +15.5% | -11.2% | -21.9% | -33.3% | -53.1% | -12.5% | -26.9% | -19.1% | +39.4% | -6.7% | +17.5% | +34.6% |
Range$1.59B – $3.63B
CAGR-4.9%
Avg YoY Growth-3.2%
Median YoY Growth-9.0%
CapEx at Other Companies
Frequently Asked Questions
- What is T-Mobile US's capex?
- T-Mobile US (TMUS) reported capex of $2.64B in Q3 2025.
- How has T-Mobile US's capex changed year-over-year?
- T-Mobile US's capex increased by 34.6% year-over-year, from $1.96B to $2.64B.
- What is the long-term trend for T-Mobile US's capex?
- Over 3 years (2021 to 2024), T-Mobile US's capex has grown at a -10.5% compound annual growth rate (CAGR), from $12.33B to $8.84B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.