Investing
CapEx
Microsoft CapEx increased by 3.3% to $30.88B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 84.4%, from $16.75B to $30.88B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 33.0% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
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:
capital_expendituresHistorical Data
20 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.45B | $5.81B | $5.87B | $5.34B | $6.87B | $6.28B | $6.27B | $6.61B | $8.94B | $9.92B | $9.74B | $10.95B | $13.87B | $14.92B | $15.80B | $16.75B | $17.08B | $19.39B | $29.88B | $30.88B |
| QoQ Change | — | -10.0% | +0.9% | -9.0% | +28.7% | -8.6% | -0.1% | +5.3% | +35.4% | +10.9% | -1.8% | +12.5% | +26.7% | +7.6% | +5.9% | +6.0% | +2.0% | +13.6% | +54.0% | +3.3% |
| YoY Change | — | — | — | — | +6.5% | +8.1% | +7.0% | +23.7% | +30.2% | +57.8% | +55.2% | +65.8% | +55.1% | +50.5% | +62.3% | +52.9% | +23.1% | +30.0% | +89.0% | +84.4% |
Range$5.34B – $30.88B
CAGR+39.0%
Avg YoY Growth+43.9%
Median YoY Growth+51.7%
Current Streak9 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Microsoft's capex?
- Microsoft (MSFT) reported capex of $30.88B in Q1 2026.
- How has Microsoft's capex changed year-over-year?
- Microsoft's capex increased by 84.4% year-over-year, from $16.75B to $30.88B.
- What is the long-term trend for Microsoft's capex?
- Over 4 years (2021 to 2025), Microsoft's capex has grown at a 33.0% compound annual growth rate (CAGR), from $20.62B to $64.55B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.