TMUSZ 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.
An increase signals aggressive investment in future capacity and growth, particularly in infrastructure-heavy businesses like cloud computing.
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Hyperscale cloud competitors like Amazon (AWS) and Alphabet (Google Cloud) show high CapEx relative to revenue to maintain competitive infrastructure.
cf_capital_expenditures| 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% |
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