Discontinued — last reported Q4 '25
CapEx
InvestingAlphabet Inc. CapEx increased by 16.3% to $27.85B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 95.1%, from $14.28B to $27.85B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 38.8% 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 | $5.50B | $6.82B | $6.38B | $9.79B | $6.83B | $7.28B | $7.60B | $6.29B | $6.89B | $8.06B | $11.02B | $12.01B | $13.19B | $13.06B | $14.28B | $17.20B | $22.45B | $23.95B | $27.85B |
| QoQ Change | — | +24.1% | -6.4% | +53.3% | -30.2% | +6.6% | +4.4% | -17.2% | +9.5% | +16.9% | +36.8% | +9.0% | +9.8% | -0.9% | +9.3% | +20.5% | +30.5% | +6.7% | +16.3% |
| YoY Change | — | — | — | — | +24.2% | +6.7% | +19.0% | -35.7% | +0.9% | +10.7% | +45.1% | +91.0% | +91.4% | +62.1% | +29.6% | +43.2% | +70.2% | +83.4% | +95.1% |
Range$5.50B – $27.85B
CAGR+43.4%
Avg YoY Growth+42.5%
Median YoY Growth+43.2%
Current Streak5 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Alphabet Inc.'s capex?
- Alphabet Inc. (GOOG) reported capex of $27.85B in Q4 2025.
- How has Alphabet Inc.'s capex changed year-over-year?
- Alphabet Inc.'s capex increased by 95.1% year-over-year, from $14.28B to $27.85B.
- What is the long-term trend for Alphabet Inc.'s capex?
- Over 4 years (2021 to 2025), Alphabet Inc.'s capex has grown at a 38.8% compound annual growth rate (CAGR), from $24.64B to $91.45B.
- What does capex mean?
- Money spent on buying or improving long-term physical assets like buildings and computers.