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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 and Meta, the SEC filing each figure was read from, and a CSV you can download and check yourself.

$bn — Total company capex, excludes finance leases
QuarterMSFTGOOGLAMZNMETATotal
Q2 24$13.87B$13.19B$17.62B$8.17B$52.85B
Q3 24$14.92B$13.06B$22.62B$8.26B$58.86B
Q4 24$15.80B$14.28B$27.83B$14.43B$72.34B
Q1 25$16.75B$17.20B$25.02B$12.94B$71.91B
Q2 25$17.08B$22.45B$32.18B$16.54B$88.25B
Q3 25$19.39B$23.95B$35.09B$18.83B$97.26B
Q4 25$29.88B$27.85B$39.52B$21.38B$118.63B
Q1 26$30.88B$35.67B$44.20B$19.00B$129.75B
Q2 26$35.80B$44.92B$54.21B$30.12B$165.05B

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

  • 0001193125-26-323660
  • 0001193125-25-256321
  • 0001193125-26-027207
  • 0001193125-26-191507
View on EDGAR →

Alphabet · GOOGL

SEC filings

  • 0001652044-25-000062
  • 0001652044-25-000091
  • 0001652044-26-000018
  • 0001652044-26-000048
  • 0001652044-26-000071
View on EDGAR →

Amazon · AMZN

SEC filings

  • 0001018724-25-000086
  • 0001018724-25-000123
  • 0001018724-26-000004
  • 0001018724-26-000014
  • 0001018724-26-000026
View on EDGAR →

Meta · META

SEC filings

  • 0001628280-25-036791
  • 0001628280-25-047240
  • 0001628280-26-003942
  • 0001628280-26-028526
  • 0001628280-26-050705
View on EDGAR →
What this excludes. These are cash purchases of property and equipment. They do not include finance leases, which Microsoft in particular uses heavily, so the figure here is lower than the headline capex number Microsoft quotes. They are also total company capex, not AI capex: AI infrastructure is what is driving the growth, but fulfilment centres, offices and ordinary facilities are in these numbers too. Anyone presenting this as pure AI spending is overstating it.

The chart stops at Q2 2026, the last quarter all four 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 29 September 2026. Total company capex, excludes finance leases. https://allfacts.ai/capex

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