NVIDIA vs Microsoft — Capital Expenditure Comparison

NVIDIA (NVDA) capital expenditure was $6.0B in FY2026 (+87% 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	NVIDIA	Microsoft
2026	$6.0B	—
2025	$3.2B	$64.6B
2024	$1.1B	$44.5B
2023	$1.8B	$28.1B
2022	$976M	$23.9B
2021	$1.1B	$20.6B
2020	$489M	$15.4B
2019	$600M	$13.9B
2018	$593M	$11.6B
2017	$176M	$8.1B
2016	$86M	$8.3B
2015	$122M	$5.9B
2014	$255M	$5.5B
2013	$183M	$4.3B
2012	$139M	$2.3B
2011	$98M	$2.4B
2010	$78M	$2.0B
2009	—	$3.1B
2008	—	$3.2B

NVIDIA — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2026	$6.0B	+87%
2025	$3.2B	+203%
2024	$1.1B	-42%
2023	$1.8B	+88%
2022	$976M	-13%
2021	$1.1B	+131%
2020	$489M	-18%
2019	$600M	+1%
2018	$593M	+237%
2017	$176M	+105%
2016	$86M	-30%
2015	$122M	-52%
2014	$255M	+39%
2013	$183M	+32%
2012	$139M	+42%
2011	$98M	+26%
2010	$78M

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