Meta's purchases of property and equipment nearly doubled in 2025, from $37.3bn to $69.7bn — 34.7% of its revenue
Meta reports purchases of property and equipment, which include servers, data centres and network infrastructure, in the cash flow statement of its 2025 Form 10-K. The line rose from $37.3 billion in 2024 to $69.7 billion in 2025. That spending equalled 34.7% of Meta's revenue for 2025.
Verified 2026-08-01
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Meta is putting a large share of its revenue back into data centres and equipment for AI.
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More on Capital
- While Amazon, Microsoft, Meta, Alphabet and Oracle have all sharply increased AI capital spending, Apple's cash paid for property, plant and equipment in the nine months to 27 June 2026 actually fell, to Apple's nine-month capex of $6.8 billion, down 28% from $9.47 billion a year earlier
- A Brookings Papers draft by Columbia's Stijn Van Nieuwerburgh projects that the US AI build-out of 2025 to 2032 will absorb, every year, 3.63% of GDP, versus 2.24% for the railroads of 1870–1890
- Global private investment in AI reached $344.7 billion in 2025, up 127.5% year-over-year, with generative AI companies alone capturing $170.9 billion of that total
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