Netflix vs Meta — Capital Expenditure Comparison

Netflix (NFLX) capital expenditure was $688M in FY2025 (+57% YoY); Meta (META) capital expenditure was $69.7B in FY2025 (+87% 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	Netflix	Meta
2025	$688M	$69.7B
2024	$440M	$37.3B
2023	$349M	$27.0B
2022	$408M	$31.2B
2021	$525M	$18.7B
2020	$498M	$15.2B
2019	$253M	$15.1B
2018	$174M	$13.9B
2017	$173M	$6.7B
2016	$108M	$4.5B
2015	$91M	$2.5B
2014	$70M	$1.8B
2013	$54M	$1.4B
2012	$40M	$1.2B
2011	$50M	$606M
2010	$34M	$293M
2009	$46M	—
2008	$45M	—
2007	$45M	—

Netflix — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2025	$688M	+57%
2024	$440M	+26%
2023	$349M	-15%
2022	$408M	-22%
2021	$525M	+5%
2020	$498M	+97%
2019	$253M	+45%
2018	$174M	+0%
2017	$173M	+61%
2016	$108M	+18%
2015	$91M	+31%
2014	$70M	+29%
2013	$54M	+34%
2012	$40M	-19%
2011	$50M	+45%
2010	$34M	-26%
2009	$46M	+3%
2008	$45M	+0%
2007	$45M

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

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