National Grid annual capital expenditures (capex)
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
National Grid Capital Expenditures (CapEx) Growth & History (NG.)
National Grid's capital expenditures (capex) was £10.57B for fiscal 2026.
View full National Grid company overviewNational Grid annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | £10.57B | £1.79B | +20.44% |
| 2025 | 2025-03-31 | £8.78B | £1.88B | +27.17% |
| 2024 | 2024-03-31 | £6.90B | £579.0M | +9.15% |
| 2023 | 2023-03-31 | £6.33B | £1.23B | +24.07% |
| 2022 | 2022-03-31 | £5.10B | £889.0M | +21.12% |
| 2021 | 2021-03-31 | £4.21B | −£82.0M | −1.91% |
| 2020 | 2020-03-31 | £4.29B | £656.0M | +18.05% |
| 2019 | 2019-03-31 | £3.63B | −£103.0M | −2.76% |
| 2018 | 2018-03-31 | £3.74B | £442.0M | +13.41% |
| 2017 | 2017-03-31 | £3.30B | £441.0M | +15.45% |
| 2016 | 2016-03-31 | £2.85B | — | — |
National Grid capital expenditures (capex) trends
Over the last five fiscal years, National Grid's capital expenditures (capex) increased from £4.21B to £10.57B, a change of £6.37B.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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