Hyperscaler capex

Microsoft capex, FY2025 Q4

Microsoft reported $24.2B of capex for FY2025 Q4, the quarter covering April to June 2025.

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

Capex, FY2025 Q4$24.2B
Announced30 Jul 2025

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Verified

Every field, with its source

Source per value
Reported quarter
FY2025 Q4 1
Calendar quarter
2025 Q2 1
Announced
2025-07-30 1
“July 30, 2025”
Capex (USD million)
24,200 1
“$24.2 billion”
Cash capex (USD million)
17,100 1
“$17.1 billion”
Guidance detail
FY2026 Q1 capex expected to exceed USD 30 billion; FY2026 capex growth expected to moderate versus FY2025. 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 Q4 accessed 2026-11-11

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