Investing
CapEx
Alphabet 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 reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
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. (GOOGL) 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?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.