Meta Platforms (META) Capital Expenditures (2011 - 2026)
Meta Platforms' Capital Expenditures was $30.12 billion in Q2 2026, up 82.1% from $16.54 billion a year earlier and up 58.5% from the prior quarter.
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Analysis
Meta Platforms (META) Capital Expenditures (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Meta Platforms' Capital Expenditures was $89.33 billion through Jun 30, 2026, up 71.2% year-over-year; for FY2025, it was $69.69 billion, up 87.1% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 35.7% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $37.26 billion in FY2024 (+37.8%), $27.05 billion in FY2023 (-13.3%), $31.19 billion in FY2022 (+66.9%) and $18.69 billion in FY2021 (+23.3%).
- The Q2 2026 figure marks the highest quarterly Capital Expenditures in data going back to Q3 2011.
- Compared with a year earlier, Capital Expenditures has increased for nine straight quarters, with growth averaging 78.4% over the last eight quarters.
- The best year-over-year quarter for Capital Expenditures over five years was Q3 2025 (growth of 128.0%); the worst was Q3 2023 (a decline of 30.7%).
- Per Business Quant data, META's Capital Expenditures in the three quarters before Q2 2026 was $19 billion (Q1 2026), $21.38 billion (Q4 2025) and $18.83 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 44.92 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 30.12 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 218.64 Mn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | -9.97 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 4.00 Mn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 70.00 Mn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | 76.00 Mn |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | -23.25 Mn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.12 Bn |
| Mar 31, 2026 | 19.00 Bn |
| Dec 31, 2025 | 21.38 Bn |
| Sep 30, 2025 | 18.83 Bn |
| Jun 30, 2025 | 16.54 Bn |
| Mar 31, 2025 | 12.94 Bn |
| Dec 31, 2024 | 14.43 Bn |
| Sep 30, 2024 | 8.26 Bn |
| Jun 30, 2024 | 8.17 Bn |
| Mar 31, 2024 | 6.40 Bn |
| Dec 31, 2023 | 7.59 Bn |
| Sep 30, 2023 | 6.50 Bn |
| Jun 30, 2023 | 6.13 Bn |
| Mar 31, 2023 | 6.82 Bn |
| Dec 31, 2022 | 8.80 Bn |
| Sep 30, 2022 | 9.38 Bn |
| Jun 30, 2022 | 7.57 Bn |
| Mar 31, 2022 | 5.44 Bn |
| Dec 31, 2021 | 5.40 Bn |
| Sep 30, 2021 | 4.35 Bn |
API Access
Meta Platforms Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=META&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "META", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=META&period=max&api_key=YOUR_API_KEY");
const data = await res.json();