Apple vs Microsoft — Capital Expenditure Comparison

Apple (AAPL) capital expenditure was $12.7B in FY2025 (+35% YoY); Microsoft (MSFT) capital expenditure was $64.6B in FY2025 (+45% YoY). The tables below show the complete quarterly and annual capital expenditure history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Apple	Microsoft
2025	$12.7B	$64.6B
2024	$9.4B	$44.5B
2023	$11.0B	$28.1B
2022	$10.7B	$23.9B
2021	$11.1B	$20.6B
2020	$7.3B	$15.4B
2019	$10.5B	$13.9B
2018	$13.3B	$11.6B
2017	$12.8B	$8.1B
2016	$13.5B	$8.3B
2015	$11.5B	$5.9B
2014	$9.8B	$5.5B
2013	$9.1B	$4.3B
2012	$9.4B	$2.3B
2011	$7.5B	$2.4B
2010	$2.1B	$2.0B
2009	$1.2B	$3.1B
2008	$1.2B	$3.2B
2007	$986M	—

Apple — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2025	$12.7B	+35%
2024	$9.4B	-14%
2023	$11.0B	+2%
2022	$10.7B	-3%
2021	$11.1B	+52%
2020	$7.3B	-30%
2019	$10.5B	-21%
2018	$13.3B	+4%
2017	$12.8B	-6%
2016	$13.5B	+18%
2015	$11.5B	+17%
2014	$9.8B	+8%
2013	$9.1B	-3%
2012	$9.4B	+26%
2011	$7.5B	+251%
2010	$2.1B	+75%
2009	$1.2B	+1%
2008	$1.2B	+22%
2007	$986M

Microsoft — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2025	$64.6B	+45%
2024	$44.5B	+58%
2023	$28.1B	+18%
2022	$23.9B	+16%
2021	$20.6B	+34%
2020	$15.4B	+11%
2019	$13.9B	+20%
2018	$11.6B	+43%
2017	$8.1B	-3%
2016	$8.3B	+40%
2015	$5.9B	+8%
2014	$5.5B	+29%
2013	$4.3B	+85%
2012	$2.3B	-2%
2011	$2.4B	+19%
2010	$2.0B	-37%
2009	$3.1B	-2%
2008	$3.2B

Source: AAPL on EDGAR · MSFT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.