Apple Inc. (AAPL)
The capex for Apple Inc. (AAPL) is $12.71 Billion with a year-over-year change of +34.59%. Capital Expenditures (CapEx) represents spending on physical assets like property, plant, equipment, and technology infrastructure. It's the investment in the company's future productive capacity.
Current CapEx
$12.71B
$12.71 Billion
Year-over-Year Change
+34.59%
vs. $9.45B prior year
Historical Data
30
Years of data available
Annual CapEx History
| Year | CapEx | YoY Change | % Change |
|---|---|---|---|
| 2025 | $12.71B | +$3.27B | +34.59% |
| 2024 | $9.45B | $-1.51B | -13.80% |
| 2023 | $10.96B | +$251.00M | +2.34% |
| 2022 | $10.71B | $-377.00M | -3.40% |
| 2021 | $11.09B | +$3.78B | +51.66% |
| 2020 | $7.31B | $-3.19B | -30.36% |
| 2019 | $10.49B | $-2.82B | -21.17% |
| 2018 | $13.31B | +$518.00M | +4.05% |
| 2017 | $12.79B | $-753.00M | -5.56% |
| 2016 | $13.55B | — | — |
Understanding Capital Expenditures
What is Capital Expenditures? Capital Expenditures (CapEx) represents spending on physical assets like property, plant, equipment, and technology infrastructure. It's the investment in the company's future productive capacity.
Why it Matters: CapEx is essential for maintaining and growing operations but reduces free cash flow. High CapEx relative to depreciation indicates growth investment. CapEx intensity varies significantly by industry.
How to Use: Compare CapEx to depreciation - if CapEx > D&A, the company is growing its asset base. Calculate CapEx/Revenue to understand capital intensity. Free Cash Flow = Operating Cash Flow - CapEx.