THE FULL DATASET
Every quarter, every filing
The chart on the homepage shows the combined trend. This page is the full dataset behind it: all 9 quarters for Microsoft, Alphabet, Amazon, Meta and Oracle, the SEC filing each figure was read from, and a CSV you can download and check yourself.
Combined quarterly capex · five companies
$230.42B+277% vs Q3 24
Oracle's fiscal year ends on 31 May, so a quarter is mapped to the calendar quarter it mostly overlaps: August to Q3, November to Q4, February to Q1 and May to Q2. Microsoft's year ends in June and is mapped the same way.
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Alongside the total, not in it
Each comparison figure is the company's own filing or results release. A blank quarter was not reported in a form we could trace, and it is not an estimate.
Neoclouds
Not in the combined total
- CRWVCoreWeave
- NBISNebius
| Quarter | CRWV | NBIS |
|---|---|---|
| Q3 24 | $1.22B | $0.17B |
| Q4 24 | $3.50B | $0.42B |
| Q1 25 | $1.41B | $0.54B |
| Q2 25 | $2.45B | $0.51B |
| Q3 25 | $2.39B | $0.96B |
| Q4 25 | $4.06B | $2.06B |
| Q1 26 | $7.70B | $2.47B |
| Q2 26 | $6.42B | $5.66B |
| Q3 26 | $9.44B | Not reported |
China cloud
Not in the combined total
- BABAAlibaba
- BIDUBaidu
| Quarter | BABA | BIDU |
|---|---|---|
| Q3 24 | $2.42B | $0.23B |
| Q4 24 | $4.30B | $0.32B |
| Q1 25 | $3.31B | $0.40B |
| Q2 25 | $5.39B | $0.53B |
| Q3 25 | $4.42B | $0.48B |
| Q4 25 | $3.63B | $0.28B |
| Q1 26 | $3.85B | $0.86B |
| Q2 26 | $9.97B | $1.68B |
| Q3 26 | Not reported | Not reported |
China cloud · TCEHY
Not in the combined total
- TCEHYTencent
Tencent is shown in renminbi. Its results state no US dollar figure and no rate for this line, so it is not converted.
| Quarter | TCEHY |
|---|---|
| Q3 24 | RMB 17.09bn |
| Q4 24 | RMB 36.6bn |
| Q1 25 | RMB 27.48bn |
| Q2 25 | RMB 19.11bn |
| Q3 25 | RMB 12.98bn |
| Q4 25 | RMB 19.63bn |
| Q1 26 | RMB 31.94bn |
| Q2 26 | RMB 52.78bn |
| Q3 26 | Not reported |
Tesla and SpaceX
Not in the combined total
- TSLATesla
- SPCXSpaceX
Tesla's spending in this chart is factories, not AI data centres. In the quarter to 30 September 2026, 83.9% of SpaceX's capital expenditure went to Super Intelligence, its AI segment ($16,444m of $19,593m).
| Quarter | TSLA | SPCX |
|---|---|---|
| Q3 24 | $3.51B | Not reported |
| Q4 24 | $2.78B | Not reported |
| Q1 25 | $1.49B | $4.14B |
| Q2 25 | $2.39B | $2.83B |
| Q3 25 | $2.25B | $6.88B |
| Q4 25 | $2.39B | Not reported |
| Q1 26 | $2.49B | $10.11B |
| Q2 26 | $5.79B | $18.37B |
| Q3 26 | $4.73B | $19.59B |
| Quarter | MSFT | GOOGL | AMZN | META | ORCL | Total |
|---|---|---|---|---|---|---|
| Q3 24 | $14.92B | $13.06B | $22.62B | $8.26B | $2.30B | $61.16B |
| Q4 24 | $15.80B | $14.28B | $27.83B | $14.43B | $3.97B | $76.31B |
| Q1 25 | $16.75B | $17.20B | $25.02B | $12.94B | $5.86B | $77.77B |
| Q2 25 | $17.08B | $22.45B | $32.18B | $16.54B | $9.08B | $97.33B |
| Q3 25 | $19.39B | $23.95B | $35.09B | $18.83B | $8.50B | $105.76B |
| Q4 25 | $29.88B | $27.85B | $39.52B | $21.38B | $12.03B | $130.66B |
| Q1 26 | $30.88B | $35.67B | $44.20B | $19.00B | $18.64B | $148.39B |
| Q2 26 | $35.80B | $44.92B | $54.21B | $30.12B | $16.49B | $181.54B |
| Q3 26 | $39.37B | $51.35B | $77.26B | $33.94B | $28.50B | $230.42B |
Each figure links to the SEC filing it was read from.
A quarter's figure can be derived from cumulative numbers in the linked filing rather than printed there directly — see the capex methodology.
Microsoft · MSFT
SEC filings
- 0001193125-25-256321
- 0001193125-26-027207
- 0001193125-26-191507
- 0001193125-26-323660
- 0001193125-26-436133
Alphabet · GOOGL
SEC filings
- 0001652044-25-000091
- 0001652044-26-000018
- 0001652044-26-000048
- 0001652044-26-000071
- 0001652044-26-000084
Amazon · AMZN
SEC filings
- 0001018724-25-000123
- 0001018724-26-000004
- 0001018724-26-000014
- 0001018724-26-000026
- 0001018724-26-000040
Meta · META
SEC filings
- 0001628280-25-047240
- 0001628280-26-003942
- 0001628280-26-028526
- 0001628280-26-050705
- 0001628280-26-066773
Oracle · ORCL
SEC filings
- 0001193125-25-200095
- 0001193125-25-315925
- 0001193125-26-101045
- 0001193125-26-277521
- 0001193125-26-389274
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InsiderCapex history · since 2020
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The chart stops at Q2 2026, the last quarter all five have filed.
Cite this dataset
AllFactsAI, "Hyperscaler capital expenditure by quarter", derived from SEC filings (10-Q, 10-K) via the SEC XBRL API, read 14 November 2026. Total company capex, excludes finance leases. https://allfacts.ai/capex
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THE MONEY LOOP
The money goes out. Then it comes back
Nvidia invests in the companies that buy its chips, and those chips come back as Nvidia's revenue.
Nvidia
NVDA · Supplier
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27 February 2026equityreported
Forbes, quoting OpenAI's own announcement ↗Part of a $110bn round at a $730bn pre-money valuation.
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COMPANY ANNOUNCEMENTS AND NAMED PRESS REPORTS · 31 OCTOBER 2026