Amazon vs Alphabet — Capital Expenditure Comparison

Amazon (AMZN) capital expenditure was $131.8B in FY2025 (+59% YoY); Alphabet (GOOGL) capital expenditure was $91.4B in FY2025 (+74% 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	Amazon	Alphabet
2025	$131.8B	$91.4B
2024	$83.0B	$52.5B
2023	$52.7B	$32.3B
2022	$63.6B	$31.5B
2021	$61.1B	$24.6B
2020	$40.1B	$22.3B
2019	$16.9B	$23.5B
2018	$13.4B	$25.1B
2017	$12.0B	$13.2B
2016	$7.8B	$10.2B
2015	$5.4B	$9.9B
2014	$4.9B	$11.0B
2013	$3.4B	$7.4B
2012	$3.8B	$3.3B
2011	$1.8B	$3.4B
2010	$979M	$4.0B
2009	$373M	$810M
2008	$333M	$2.4B
2007	$224M	$2.4B

Amazon — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2025	$131.8B	+59%
2024	$83.0B	+57%
2023	$52.7B	-17%
2022	$63.6B	+4%
2021	$61.1B	+52%
2020	$40.1B	+138%
2019	$16.9B	+26%
2018	$13.4B	+12%
2017	$12.0B	+53%
2016	$7.8B	+45%
2015	$5.4B	+10%
2014	$4.9B	+42%
2013	$3.4B	-9%
2012	$3.8B	+109%
2011	$1.8B	+85%
2010	$979M	+162%
2009	$373M	+12%
2008	$333M	+49%
2007	$224M

Alphabet — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2025	$91.4B	+74%
2024	$52.5B	+63%
2023	$32.3B	+2%
2022	$31.5B	+28%
2021	$24.6B	+11%
2020	$22.3B	-5%
2019	$23.5B	-6%
2018	$25.1B	+91%
2017	$13.2B	+29%
2016	$10.2B	+3%
2015	$9.9B	-10%
2014	$11.0B	+50%
2013	$7.4B	+125%
2012	$3.3B	-5%
2011	$3.4B	-14%
2010	$4.0B	+396%
2009	$810M	-66%
2008	$2.4B	-2%
2007	$2.4B

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