Grid Dynamics Holdings (GDYN) Capital Expenditures (2019 - 2026)
Grid Dynamics Holdings (GDYN) reported Capital Expenditures of $3.58 million for Q2 2026, down 14.2% from $4.17 million a year earlier and down 9.6% from the prior quarter.
Powered by 
Analysis
Grid Dynamics Holdings (GDYN) Capital Expenditures (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Grid Dynamics Holdings' Capital Expenditures came in at $15.36 million, up 14.4% year-over-year; for FY2025, it was $15.33 million, up 30.3% from FY2024.
- Capital Expenditures has increased for five consecutive years, with a five-year compound annual growth rate of 46.8% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $11.77 million in FY2024 (+49.5%), $7.87 million in FY2023 (+29.7%), $6.07 million in FY2022 (+28.7%) and $4.72 million in FY2021 (+109.4%).
- The Q2 2026 figure ranks as the lowest quarterly Capital Expenditures since Q1 2025.
- Year over year, Capital Expenditures gained in seven of the last eight quarters, with growth averaging 28.4%.
- The high point for year-over-year Capital Expenditures in five years was Q4 2021 (growth of 163.6%); the low point was Q2 2026 (a decline of 14.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $3.96 million (Q1 2026), $3.8 million (Q4 2025) and $4.03 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 43.15 Bn | 43.21 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 25.69 Bn | 18.86 Bn | 1.83 Bn | 99.00 Mn |
| 3 | Td Synnex | 20.64 Bn | 14.68 Bn | 1.34 Bn | 66.82 Mn |
| 4 | Cdw | 16.25 Bn | 14.24 Bn | 1.32 Bn | 27.50 Mn |
| 5 | Cgi | 15.05 Bn | 12.83 Bn | - | -20.01 Mn |
| 6 | Arrow Electronics | 11.71 Bn | 10.74 Bn | 1.13 Bn | 21.14 Mn |
| 7 | Avnet | 8.41 Bn | 7.59 Bn | 865.03 Mn | 16.76 Mn |
| 8 | Ingram Micro Holding | 6.34 Bn | 1.95 Bn | 958.68 Mn | 32.92 Mn |
| 9 | EPAM Systems | 5.52 Bn | 1.16 Bn | 429.57 Mn | 15.21 Mn |
| 10 | Grid Dynamics Holdings | 619.41 Mn | -687.10 Mn | 39.62 Mn | 3.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.58 Mn |
| Mar 31, 2026 | 3.96 Mn |
| Dec 31, 2025 | 3.80 Mn |
| Sep 30, 2025 | 4.03 Mn |
| Jun 30, 2025 | 4.17 Mn |
| Mar 31, 2025 | 3.34 Mn |
| Dec 31, 2024 | 2.64 Mn |
| Sep 30, 2024 | 3.28 Mn |
| Jun 30, 2024 | 2.65 Mn |
| Mar 31, 2024 | 3.20 Mn |
| Dec 31, 2023 | 2.28 Mn |
| Sep 30, 2023 | 1.84 Mn |
| Jun 30, 2023 | 2.16 Mn |
| Mar 31, 2023 | 1.59 Mn |
| Dec 31, 2022 | 1.69 Mn |
| Sep 30, 2022 | 1.17 Mn |
| Jun 30, 2022 | 1.56 Mn |
| Mar 31, 2022 | 1.65 Mn |
| Dec 31, 2021 | 1.70 Mn |
| Sep 30, 2021 | 1.08 Mn |
API Access
Grid Dynamics Holdings Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GDYN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "GDYN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GDYN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();