Amazon vs Microsoft — Capital Expenditure Comparison

Amazon (AMZN) capital expenditure was $131.8B in FY2025 (+59% 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	Amazon	Microsoft
2025	$131.8B	$64.6B
2024	$83.0B	$44.5B
2023	$52.7B	$28.1B
2022	$63.6B	$23.9B
2021	$61.1B	$20.6B
2020	$40.1B	$15.4B
2019	$16.9B	$13.9B
2018	$13.4B	$11.6B
2017	$12.0B	$8.1B
2016	$7.8B	$8.3B
2015	$5.4B	$5.9B
2014	$4.9B	$5.5B
2013	$3.4B	$4.3B
2012	$3.8B	$2.3B
2011	$1.8B	$2.4B
2010	$979M	$2.0B
2009	$373M	$3.1B
2008	$333M	$3.2B
2007	$224M	—

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

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