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Hyperscaler CAPEX Tracker
Data as of July 28, 2026. Reported quarters through June 30, 2026.
What Microsoft, Alphabet, Amazon, Meta and Oracle actually spend building AI data centers, taken from their reported quarterly cash-flow statements. No estimates, no projections on this page, just the filed numbers and what management said about them on the earnings calls we listened to.
Big-5 capex spent so far today
$—
Counting from midnight your time at the trailing-12-month run rate of $16,237 per second, from reported cash-flow statements.
Trailing 12 months
$512.0B
+80% YoY, latest quarters vs a year earlier
Per day
$1.40B
Every day, weekends included
Per second
$16,237
Around the clock
Who spends what
Share of combined Big-5 trailing-12-month capex.
AmazonNASDAQ:AMZNCompass 46
$151.0B
29% of Big-5
AlphabetNASDAQ:GOOGLCompass 47
$132.4B
26% of Big-5
MicrosoftNASDAQ:MSFTCompass 74
$97.2B
19% of Big-5
Meta PlatformsNASDAQ:METACompass 69
$75.7B
15% of Big-5
OracleNYSE:ORCLCompass 79
$55.7B
11% of Big-5
Capex by company
Trailing 12 months = the four most recent reported quarters per company. Period ends differ because Microsoft and Oracle run off-calendar fiscal years.
| Company | TTM capex | Latest quarter | YoY | Quarter ended |
|---|---|---|---|---|
| Microsoft NASDAQ:MSFT | $97.2B | $30.9B | +84% | 2026-03-31 |
| Alphabet NASDAQ:GOOGL | $132.4B | $44.9B | +100% | 2026-06-30 |
| Amazon NASDAQ:AMZN | $151.0B | $44.2B | +77% | 2026-03-31 |
| Meta Platforms NASDAQ:META | $75.7B | $19.0B | +47% | 2026-03-31 |
| Oracle NYSE:ORCL | $55.7B | $16.5B | +82% | 2026-05-31 |
| Big-5 total | $512.0B | +80% |
Quarter by quarter
Capital expenditure as reported on each company's quarterly cash-flow statement, in billions of US dollars. Bars are scaled per company.
Microsoft
NASDAQ:MSFTFiscal year ends June 30
2026-03
$30.88B
2025-12
$29.88B
2025-09
$19.39B
2025-06
$17.08B
2025-03
$16.75B
Alphabet
NASDAQ:GOOGL2026-06
$44.92B
2026-03
$35.67B
2025-12
$27.85B
2025-09
$23.95B
2025-06
$22.45B
Amazon
NASDAQ:AMZNIncludes fulfillment capex, majority is AWS/AI infrastructure per company commentary
2026-03
$44.20B
2025-12
$39.52B
2025-09
$35.09B
2025-06
$32.18B
2025-03
$25.02B
Meta Platforms
NASDAQ:META2026-03
$19.00B
2025-12
$21.38B
2025-09
$18.83B
2025-06
$16.54B
2025-03
$12.94B
Oracle
NYSE:ORCLFiscal year ends May 31
2026-05
$16.49B
2026-02
$18.64B
2025-11
$12.03B
2025-08
$8.50B
2025-05
$9.08B
What management said
Quoted from earnings calls Alexandria transcribes directly from the public webcast audio, not from third-party transcripts.
“We expect Tranium will save us tens of billions of dollars of CapEx each year and provide several hundred basis points of operating margin advantage versus relying on others' chips for inference.”
“Finally, we continue to be confident in the long-term CapEx investments we're making.”
| Ticker | Last call | Tone | Guidance | Confidence |
|---|---|---|---|---|
| AMZN | 2026-03-31 | Confident | STRONG | 91/100 |
Methodology
Every figure on this page is the capital-expenditure line from the company's quarterly cash-flow statement (purchases of property and equipment), as filed in its 10-Q or 10-K. Trailing 12 months means the four most recent reported quarters for each company, so period ends differ: Microsoft's fiscal year ends June 30 and Oracle's ends May 31, while Alphabet, Amazon and Meta report on calendar quarters.
Two honest caveats. Cash-flow capex excludes assets acquired under finance leases, which for Microsoft in particular adds materially to total infrastructure spend, so these figures understate the true build-out. And Amazon's line includes fulfillment-network spending alongside AWS, though management has said the large majority now goes to AI and cloud capacity.
Management quotes come from Alexandria's own transcriptions of the public earnings-call webcasts. We listen to the calls, we don't scrape transcripts.
Cite this page
Alexandria Compass, “Hyperscaler CAPEX Tracker,” data as of July 28, 2026. https://www.alexandriacompass.com/intelligence/hyperscaler-capex
Free to cite with attribution. This URL is stable and the data refreshes each earnings season.
Frequently asked questions
How much are the hyperscalers spending on AI data centers?
Across their most recent four reported quarters, the Big-5 (Microsoft, Alphabet, Amazon, Meta and Oracle) reported $512.0B of combined capital expenditure, about $1.40B per day or $16,237 every second. Figures are as reported on quarterly cash-flow statements.
Which hyperscaler spends the most on capex?
Amazon (NASDAQ:AMZN) leads on a trailing-12-month basis at $151.0B. See the table on this page for all five companies.
How fast is hyperscaler capex growing?
Comparing each company's latest reported quarter with the same quarter a year earlier, combined Big-5 capex grew 80% year over year.
Where does this data come from?
Every figure is the capital-expenditure line from the company's own quarterly cash-flow statement (10-Q and 10-K filings), retrieved via financial data APIs and cross-checked against filings. Management commentary is quoted from earnings calls Alexandria transcribes directly from the public webcast audio.
How often is this page updated?
After each of the five companies files its quarterly report, roughly four times a year per company. Last updated July 28, 2026.
The capex numbers, plus what the calls revealed
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