Discontinued — last reported Q4 '25
CapEx
InvestingAmazon CapEx increased by 12.6% to $39.52B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 42.0%, from $27.83B to $39.52B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 21.2% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2007
Last reportedQ4 2025
How to read this metric
An increase signals aggressive investment in future capacity and growth, particularly in infrastructure-heavy businesses like cloud computing.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hyperscale cloud competitors like Amazon (AWS) and Alphabet (Google Cloud) show high CapEx relative to revenue to maintain competitive infrastructure.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.29B | $15.75B | $18.94B | $14.95B | $15.72B | $16.38B | $16.59B | $14.21B | $11.46B | $12.48B | $14.59B | $14.93B | $17.62B | $22.62B | $27.83B | $25.02B | $32.18B | $35.10B | $39.52B |
| QoQ Change | — | +10.2% | +20.2% | -21.0% | +5.2% | +4.2% | +1.3% | -14.4% | -19.4% | +8.9% | +16.9% | +2.3% | +18.1% | +28.4% | +23.1% | -10.1% | +28.6% | +9.0% | +12.6% |
| YoY Change | — | — | — | — | +10.1% | +4.0% | -12.4% | -5.0% | -27.1% | -23.8% | -12.1% | +5.1% | +53.8% | +81.3% | +90.8% | +67.6% | +82.7% | +55.2% | +42.0% |
Range$11.46B – $39.52B
CAGR+25.4%
Avg YoY Growth+27.5%
Median YoY Growth+10.1%
Current Streak3 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Amazon's capex?
- Amazon (AMZN) reported capex of $39.52B in Q4 2025.
- How has Amazon's capex changed year-over-year?
- Amazon's capex increased by 42.0% year-over-year, from $27.83B to $39.52B.
- What is the long-term trend for Amazon's capex?
- Over 4 years (2021 to 2025), Amazon's capex has grown at a 21.2% compound annual growth rate (CAGR), from $61.05B to $131.82B.
- What does capex mean?
- Money spent on buying or improving long-term physical assets like buildings and computers.