How much did Microsoft / Azure's capex change year over year?

+79.6% from fiscal 2025 to fiscal 2026 ($64.55B → $115.95B).

What is the most Microsoft / Azure has spent on capex in a single reported period?

$19.39B, in the period ending 2025-09-30.

← Capex Tracker

Microsoft / Azure MSFT

73 reported periods · 2008–2026 · sourced from SEC XBRL filings

Latest FY capex

$115.95B

Revenue FY

$331.84B

Capex / Revenue

35%

Highest period

$19.39B

2025-09-30

Key facts

Microsoft / Azure reported capital expenditure of $115.95B for fiscal 2026, +79.6% versus $64.55B in fiscal 2025.

Capex equals 35% of fiscal-year revenue ($331.84B).

The highest single reported period was $19.39B (period ending 2025-09-30).

The latest reported period, FY2026, shows $115.95B; the dataset covers 73 reported periods (2008–2026), all from SEC XBRL filings.

Every capital-expenditure figure Microsoft / Azure has reported to the SEC, unedited. Capex is the XBRL concept PaymentsToAcquirePropertyPlantAndEquipment; a capex/revenue ratio above 100% means the company is investing more than it earns to secure capacity. Each row links to the filing it came from.

Download this company's CSV ↓SEC filings ↗Microsoft / Azure news & filings →

BY FISCAL YEAR

Fiscal year	Capex	YoY	Period end
FY2026	$115.95B	+80%	2026-06-30
FY2025	$64.55B	+45%	2025-06-30
FY2024	$44.48B	+58%	2024-06-30
FY2023	$28.11B	+18%	2023-06-30
FY2022	$23.89B	+16%	2022-06-30
FY2021	$20.62B	+34%	2021-06-30
FY2020	$15.44B	+11%	2020-06-30
FY2019	$13.93B	+20%	2019-06-30
FY2018	$11.63B	+43%	2018-06-30
FY2017	$8.13B	-3%	2017-06-30
FY2016	$8.34B	+40%	2016-06-30
FY2015	$5.94B	+8%	2015-06-30
FY2014	$5.49B	+29%	2014-06-30
FY2013	$4.26B	+85%	2013-06-30
FY2012	$2.31B	-2%	2012-06-30
FY2011	$2.35B	+19%	2011-06-30
FY2010	$1.98B	-37%	2010-06-30
FY2009	$3.12B	-2%	2009-06-30
FY2008	$3.18B	—	2008-06-30

ALL REPORTED PERIODS (73)

Period end	Period	Capex	Form
2026-06-30	FY2026 FY	$115.95B	10-K
2026-03-31	FY2026 9 mo. cumulative	$80.15B	10-Q
2025-12-31	FY2025 6 mo. cumulative	$49.27B	10-Q
2025-09-30	FY2025 Q1	$19.39B	10-Q
2025-06-30	FY2025 FY	$64.55B	10-K
2025-03-31	FY2025 9 mo. cumulative	$47.47B	10-Q
2024-12-31	FY2024 6 mo. cumulative	$30.73B	10-Q
2024-09-30	FY2024 Q1	$14.92B	10-Q
2024-06-30	FY2024 FY	$44.48B	10-K
2024-03-31	FY2024 9 mo. cumulative	$30.60B	10-Q
2023-12-31	FY2023 6 mo. cumulative	$19.65B	10-Q
2023-09-30	FY2023 Q1	$9.92B	10-Q
2023-06-30	FY2023 FY	$28.11B	10-K
2023-03-31	FY2023 9 mo. cumulative	$19.16B	10-Q
2022-12-31	FY2022 6 mo. cumulative	$12.56B	10-Q
2022-09-30	FY2022 Q1	$6.28B	10-Q
2022-06-30	FY2022 FY	$23.89B	10-K
2022-03-31	FY2022 9 mo. cumulative	$17.02B	10-Q
2021-12-31	FY2021 6 mo. cumulative	$11.68B	10-Q
2021-09-30	FY2021 Q1	$5.81B	10-Q
2021-06-30	FY2021 FY	$20.62B	10-K
2021-03-31	FY2021 9 mo. cumulative	$14.17B	10-Q
2020-12-31	FY2020 6 mo. cumulative	$9.08B	10-Q
2020-09-30	FY2020 Q1	$4.91B	10-Q
2020-06-30	FY2020 FY	$15.44B	10-K
2020-03-31	FY2020 9 mo. cumulative	$10.70B	10-Q
2019-12-31	FY2019 6 mo. cumulative	$6.93B	10-Q
2019-09-30	FY2019 Q1	$3.38B	10-Q
2019-06-30	FY2019 FY	$13.93B	10-K
2019-03-31	FY2019 9 mo. cumulative	$9.87B	10-Q
2018-12-31	FY2018 6 mo. cumulative	$7.31B	10-Q
2018-09-30	FY2018 Q1	$3.60B	10-Q
2018-06-30	FY2018 FY	$11.63B	10-K
2018-03-31	FY2018 9 mo. cumulative	$7.65B	10-Q
2017-12-31	FY2017 6 mo. cumulative	$4.72B	10-Q
2017-09-30	FY2017 Q1	$2.13B	10-Q
2017-06-30	FY2017 FY	$8.13B	10-K
2017-03-31	FY2017 9 mo. cumulative	$5.85B	10-Q
2016-12-31	FY2016 6 mo. cumulative	$4.15B	10-Q
2016-09-30	FY2016 Q1	$2.16B	10-Q
2016-06-30	FY2016 FY	$8.34B	10-K
2016-03-31	FY2016 9 mo. cumulative	$5.69B	10-Q
2015-12-31	FY2015 6 mo. cumulative	$3.38B	10-Q
2015-09-30	FY2015 Q1	$1.36B	10-Q
2015-06-30	FY2015 FY	$5.94B	10-K
2015-03-31	FY2015 9 mo. cumulative	$4.16B	10-Q
2014-12-31	FY2014 6 mo. cumulative	$2.77B	10-Q
2014-09-30	FY2014 Q1	$1.28B	10-Q
2014-06-30	FY2014 FY	$5.49B	10-K
2014-03-31	FY2014 9 mo. cumulative	$4.16B	10-Q
2013-12-31	FY2013 6 mo. cumulative	$2.96B	10-Q
2013-09-30	FY2013 Q1	$1.23B	10-Q
2013-06-30	FY2013 FY	$4.26B	10-K
2013-03-31	FY2013 9 mo. cumulative	$2.46B	10-Q
2012-12-31	FY2012 6 mo. cumulative	$1.53B	10-Q
2012-09-30	FY2012 Q1	$603M	10-Q
2012-06-30	FY2012 FY	$2.31B	10-K
2012-03-31	FY2012 9 mo. cumulative	$1.68B	10-Q
2011-12-31	FY2011 6 mo. cumulative	$934M	10-Q/A
2011-09-30	FY2011 Q1	$436M	10-Q
2011-06-30	FY2011 FY	$2.35B	10-K
2011-03-31	FY2011 9 mo. cumulative	$1.71B	10-Q
2010-12-31	FY2010 6 mo. cumulative	$1.05B	10-Q
2010-09-30	FY2010 Q1	$564M	10-Q
2010-06-30	FY2010 FY	$1.98B	10-K
2010-03-31	FY2010 9 mo. cumulative	$1.22B	10-Q
2009-12-31	FY2009 6 mo. cumulative	$811M	10-Q
2009-09-30	FY2009 Q1	$435M	10-Q
2009-06-30	FY2009 FY	$3.12B	10-K
2009-03-31	FY2009 9 mo. cumulative	$2.25B	10-Q
2008-12-31	FY2008 6 mo. cumulative	$1.62B	10-Q
2008-09-30	FY2008 Q1	$778M	10-Q
2008-06-30	FY2008 FY	$3.18B	10-K

Source: SEC XBRL company-concept API, concept PaymentsToAcquirePropertyPlantAndEquipment, CIK 789019. See Methodology.