Capex tracker
How much does Microsoft spend on capex each quarter?
Microsoft reported $39.4 billion of capex (“additions to property and equipment”) for the quarter ended Sep 30, 2026, up 103% from $19.4 billion a year earlier. The figure is from its 10-Q filed with the SEC on Oct 28, 2026.
What was Microsoft’s capex in each recent quarter?
Microsoft’s quarterly capex is up 103% from a year earlier
| Quarter ended | Calendar quarter | Additions to property and equipment | Filing |
|---|---|---|---|
| Sep 30, 2026 | Q3 2026 | $39.4 billion | 10-Q, filed Oct 28, 2026 |
| Jun 30, 2026 | Q2 2026 | $35.8 billion | 10-K, filed Jul 29, 2026 |
| Mar 31, 2026 | Q1 2026 | $30.9 billion | 10-Q, filed Apr 29, 2026 |
| Dec 31, 2025 | Q4 2025 | $29.9 billion | 10-Q, filed Jan 28, 2026 |
| Sep 30, 2025 | Q3 2025 | $19.4 billion | 10-Q, filed Oct 28, 2026 |
| Jun 30, 2025 | Q2 2025 | $17.1 billion | 10-K, filed Jul 29, 2026 |
| Mar 31, 2025 | Q1 2025 | $16.7 billion | 10-Q, filed Apr 29, 2026 |
Line used: “Additions to property and equipment”. Cash paid for property and equipment, from the investing section of the cash flow statement. Microsoft’s fiscal year ends June 30. Quarters are placed in the calendar quarter that holds most of the period; the table gives the true period end. Each quarter is the difference between year-to-date totals in the filing linked in the last column.
What capex does Microsoft expect in 2026?
Microsoft’s latest earnings release (Oct 28, 2026) does not state a full-year capex figure, so none is shown. The Census does not use remarks from earnings calls or analyst estimates.
How big are Microsoft’s lease commitments that have not started?
Microsoft reported $364.6 billion of leases not yet commenced as of Sep 30, 2026. Leases, primarily for datacenters, that had not yet commenced; some arrangements depend on contractual conditions being met. Expected to commence between fiscal 2027 and fiscal 2034, with terms of 1 to 20 years. 10-Q filed Oct 28, 2026, Leases note.
A signed lease that has not begun is not on the balance sheet and is not in capex. Definitions differ by company, so compare with care.
Which data centers is Microsoft building?
7 tracked projects name Microsoft as a developer, operator or tenant in the Census.
- Project Kilby, Texas · 2,670 MW published
- Nebius Vineland Data Center, New Jersey · 300 MW published
- QTS Fayetteville data center campus, Georgia · 250 MW published
- Microsoft Fairwater, Wisconsin
- Microsoft Fairwater Atlanta, Georgia
- Microsoft Gaines Township data center, Michigan
- Microsoft Mega Park, North Carolina
Microsoft capex: common questions
How much did Microsoft spend on capex last quarter?
Microsoft reported $39.4 billion on “additions to property and equipment” for the quarter ended Sep 30, 2026, up 103% from $19.4 billion a year earlier. The figure comes from its filing with the SEC.
What capex does Microsoft expect in 2026?
Microsoft’s latest earnings release (Oct 28, 2026) does not state a full-year capex figure, so the Census shows none.
What are Microsoft’s lease commitments that have not started?
Microsoft reported $364.6 billion of leases not yet commenced as of Sep 30, 2026. Leases, primarily for datacenters, that had not yet commenced; some arrangements depend on contractual conditions being met. Expected to commence between fiscal 2027 and fiscal 2034, with terms of 1 to 20 years.
Is Microsoft’s capex all AI spending?
No. The figure is total capex from the cash flow statement. Microsoft does not split it into AI and other spending in the line used here, so the Census does not call it AI capex.
Sources: Microsoft 10-Q for the quarter ended Sep 30, 2026 · Microsoft first-quarter FY2027 earnings release (EX-99.1).
Related: All companies · Alphabet · Amazon · Meta · Oracle · CoreWeave
Cite this page
Last updated Oct 31, 2026. Figures may change as records are updated — include the date you retrieved them.
| APA | Data Center Census. (2026). Microsoft capex. Retrieved from https://datacentercensus.com/ai-capex/microsoft |
|---|---|
| MLA | “Microsoft capex.” Data Center Census, Oct 31, 2026, https://datacentercensus.com/ai-capex/microsoft. |
| Link | https://datacentercensus.com/ai-capex/microsoft |
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