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?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Microsoft MSFT CapEx

CapEx at other companies

International Business MachinesIBM

$232M-4.9%

AppleAAPL

$1.97B-35.8%

Electronic ArtsEA

$61M+13.0%

PTCPTC

$2.67M-4.9%

Take-Two Interactive SoftwareTTWO

$36.8M-32.0%

AmazonAMZN

$44.2B+76.7%

Other financials

Income statement

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Revenue$82.9B+18.3%

Gross profit$56.1B+16.4%

Operating income$38.4B+20.0%

Net income$31.8B+23.1%

EPS (diluted)$4.27+23.4%

Balance sheet

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Cash & equivalents$32.1B+11.4%

Total debt$125.43B+19.4%

Total equity$414.37B+28.7%

Total assets$694.23B+23.4%

Cash flow

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Operating cash flow$46.7B+26.0%

Free cash flow$15.8B-22.1%

Valuation

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Market cap$2.62T-26.1%

Enterprise value$2.71T-25.1%

P/E20.9×-15.8×

P/S8.2×-4.9×

Profitability

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Gross margin68.3%-0.8pp

Operating margin46.8%+1.6pp

Net margin39.3%+3.6pp

FCF margin22.9%-2.8pp

Returns & leverage

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Return on equity34%+0.4pp

Debt / equity0.3×0.0×

Current ratio1.3×-0.1×

Where this comes from

Reported directly by Microsoft in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Microsoft’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.