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Hyperscaler capital expenditure by fiscal year
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| Year / date | Microsoft (US$ billions) | Alphabet (US$ billions) | Amazon (US$ billions) | Meta (US$ billions) | Oracle (US$ billions) |
|---|---|---|---|---|---|
| 2015 | 5.9 | 9.9 | 4.6 | 2.5 | 1.4 |
| 2016 | 8.3 | 10.2 | 6.7 | 4.5 | 1.2 |
| 2017 | 8.1 | 13.2 | 12 | 6.7 | 2 |
| 2018 | 11.6 | 25.1 | 13.4 | 13.9 | 1.7 |
| 2019 | 13.9 | 23.5 | 16.9 | 15.1 | 1.7 |
| 2020 | 15.4 | 22.3 | 40.1 | 15.1 | 1.6 |
| 2021 | 20.6 | 24.6 | 61.1 | 18.6 | 2.1 |
| 2022 | 23.9 | 31.5 | 63.6 | 31.4 | 4.5 |
| 2023 | 28.1 | 32.3 | 52.7 | 27.3 | 8.7 |
| 2024 | 44.5 | 52.5 | 83 | 37.3 | 6.9 |
| 2025 | 64.6 | 91.4 | 131.8 | 69.7 | 21.2 |
| 2026 | 115.9 | — | — | — | 55.7 |