Hyperscaler capex

Microsoft capex, FY2025 Q3

Microsoft reported $21.4B of capex for FY2025 Q3, the quarter covering January to March 2025.

Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.

Capex, FY2025 Q3$21.4B
Announced30 Apr 2025

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Verified

Every field, with its source

Source per value
Reported quarter
FY2025 Q3 1
Calendar quarter
2025 Q1 1
Announced
2025-04-30 1
“April 30, 2025”
Capex (USD million)
21,400 1
“$21.4 billion”
Cash capex (USD million)
16,700 1
“$16.7 billion”
Guidance detail
FY2025 Q4 capex expected to increase sequentially; H2 guidance unchanged. 1
Capex definition
Company-wide capital expenditures include the full principal value of finance leases at commencement; cash PP&E payments are reported separately. 1

Sources

  1. Microsoft investor relations: Microsoft FY2025 Q3 accessed 2026-11-11

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