Alphabet's building bill hit US$91.4bn in 2025
Free, six mornings a week · Unsubscribe in one click
What the chart shows
Alphabet's spending on equipment and buildings, year by year since 2013, with Meta's beside it, is the backdrop to Wednesday's results.
Alphabet paid US$7.4bn in 2013, US$32.3bn in 2023, US$52.5bn in 2024 and US$91.4bn in 2025. Meta ended 2025 at US$69.7bn, from US$27.0bn in 2023.
In the quarter to September Alphabet spent US$51.4bn, much of it on data centres for Google Cloud. The money comes from search, and search revenue was US$63.4bn against the US$64.9bn expected. Cloud beat forecasts; the shares fell after the close anyway.
The story behind it
Microsoft's cloud beat forecasts, and Alphabet's search business fell short Read the edition →Microsoft on the calendar
Next results: date to come. It goes on the calendar as soon as Microsoft announces it. Economic calendar →The numbers
Cash Alphabet and Meta paid for equipment and buildings each calendar year, 2013 to 2025, in US$bn. Alphabet spent US$51.4bn in the September quarter alone.
| Alphabet | Meta | |
|---|---|---|
| 2013 | 7.4 | 1.4 |
| 2014 | 11.0 | 1.8 |
| 2015 | 10.0 | 2.5 |
| 2016 | 10.2 | 4.5 |
| 2017 | 13.2 | 6.7 |
| 2018 | 25.1 | 13.9 |
| 2019 | 23.5 | 15.1 |
| 2020 | 22.3 | 15.2 |
| 2021 | 24.6 | 18.7 |
| 2022 | 31.5 | 31.2 |
| 2023 | 32.3 | 27.0 |
| 2024 | 52.5 | 37.3 |
| 2025 | 91.4 | 69.7 |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
