Meta vs Snap — Capital Expenditure Comparison

Meta (META) capital expenditure was $69.7B in FY2025 (+87% YoY); Snap (SNAP) capital expenditure was $219M in FY2025 (+12% 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	Meta	Snap
2025	$69.7B	$219M
2024	$37.3B	$195M
2023	$27.0B	$212M
2022	$31.2B	$129M
2021	$18.7B	$70M
2020	$15.2B	$58M
2019	$15.1B	$36M
2018	$13.9B	$123M
2017	$6.7B	$93M
2016	$4.5B	$67M
2015	$2.5B	$28M
2014	$1.8B	—
2013	$1.4B	—
2012	$1.2B	—
2011	$606M	—
2010	$293M	—

Meta — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2025	$69.7B	+87%
2024	$37.3B	+38%
2023	$27.0B	-13%
2022	$31.2B	+67%
2021	$18.7B	+23%
2020	$15.2B	+0%
2019	$15.1B	+9%
2018	$13.9B	+107%
2017	$6.7B	+50%
2016	$4.5B	+78%
2015	$2.5B	+38%
2014	$1.8B	+34%
2013	$1.4B	+10%
2012	$1.2B	+104%
2011	$606M	+107%
2010	$293M

Snap — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2025	$219M	+12%
2024	$195M	-8%
2023	$212M	+64%
2022	$129M	+85%
2021	$70M	+21%
2020	$58M	+59%
2019	$36M	-70%
2018	$123M	+33%
2017	$93M	+38%
2016	$67M	+137%
2015	$28M

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