Microsoft's cash capital expenditure rose by more than half between the third and fourth quarters of 2025, reaching $29.88 billion in a single quarter
Microsoft reports its cash capital expenditure as "Additions to property and equipment" in the cash flow statement of its 10-Q filing with the SEC. For the three months ended December 31, 2025, that line came to $29.88 billion, against $15.80 billion in the same quarter a year earlier. The company says these additions include new facilities, datacenters and computer systems.
Verified 2026-08-03
Track with InsiderWhy it matters
Microsoft is spending sharply more on data centres and equipment, a direct measure of its AI build-out.
- Price
- $521.03
- 30D
- -2.88%
- AI share of revenue
- 11.2%
PRICES 15-MIN DELAYED · EODHD
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
The AI boom,with receipts.
6 sourced facts every weekday, plus the Weekly Brief, AI company deep dives and so much more. Free.
Free · No card · Unsubscribe anytime · See today's issue →
Join now and you start with 100 Receipts on The Receipts Ledger — your first step toward a free year of Insider or Pro. How it works →