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Alphabet (Google) · 2025 report · 11 min

Betting on AI

Alphabet is spending more on data centers than ever before. Where does the money come from, and how does it come back?

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Ticket 01 · The guess

How much on data centers?

In 2023 Alphabet spent $32.3Bsec.gov ·2025 on capital spending: mostly servers, network gear and the data centers that hold them.

How much did it spend in just the first nine months of 2026, in billions of dollars?

40 billion dollars
0 billion200 billion
Words to know

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Tell us what looks off. No name or email needed.

What kind of problem?

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Sources and every number (3)

Sources

  • Alphabet Inc. Form 10-K for the fiscal year ended December 31, 2025 · Alphabet Inc. (filed with the U.S. SEC), 2025
  • Alphabet Announces Third Quarter 2026 Results (October 28, 2026) · Alphabet Inc. Investor Relations, 2026
  • Alphabet Announces Fourth Quarter and Fiscal Year 2025 Results (February 4, 2026) · Alphabet Inc. Investor Relations, 2025

Every number

  • $32.3Bsec.gov ·2025 · Capital spending (purchases of property and equipment), 2023 (10-K cash flow statement).
  • $91.4Bsec.gov ·2025 · Capital spending (purchases of property and equipment), 2025 (10-K cash flow statement).
  • $132Bq4cdn.com ·2026 · Capital spending in the first nine months of 2026 (third-quarter 2026 earnings release, cash flow statement).
  • $175B–$185Bq4cdn.com ·2025 · The 2026 capital spending Alphabet expected in February 2026 (CEO's words in the fourth-quarter 2025 earnings release).
  1. Lessons›
  2. Big companies›
  3. Google
  • ·Before this: YouTube: ads, subscriptions and creators
  • ·Free guide: How Google makes money
Skip to the lesson
Back to the home page and map, from TryOwning · Alphabet (Google) · Lesson 4
Part 1 of 3Part 1 of 3, 0 done

Alphabet (Google) · 2025 report · 11 min

Betting on AI

Alphabet is spending more on data centers than ever before. Where does the money come from, and how does it come back?

ADAD?AD$$$
Ticket 01 · The guess

How much on data centers?

In 2023 Alphabet spent $32.3Bsec.gov ·2025 on capital spending: mostly servers, network gear and the data centers that hold them.

How much did it spend in just the first nine months of 2026, in billions of dollars?

40 billion dollars
0 billion200 billion
Words to know

Spot something wrong?

Tell us what looks off. No name or email needed.

What kind of problem?

0 / 1000

We'll also send this page, the lesson, ticket 1, so we can find it. Nothing else. Privacy

·
Sources and every number (3)

Sources

  • Alphabet Inc. Form 10-K for the fiscal year ended December 31, 2025 · Alphabet Inc. (filed with the U.S. SEC), 2025
  • Alphabet Announces Third Quarter 2026 Results (October 28, 2026) · Alphabet Inc. Investor Relations, 2026
  • Alphabet Announces Fourth Quarter and Fiscal Year 2025 Results (February 4, 2026) · Alphabet Inc. Investor Relations, 2025

Every number

  • $32.3Bsec.gov ·2025 · Capital spending (purchases of property and equipment), 2023 (10-K cash flow statement).
  • $91.4Bsec.gov ·2025 · Capital spending (purchases of property and equipment), 2025 (10-K cash flow statement).
  • $132Bq4cdn.com ·2026 · Capital spending in the first nine months of 2026 (third-quarter 2026 earnings release, cash flow statement).
  • $175B–$185Bq4cdn.com ·2025 · The 2026 capital spending Alphabet expected in February 2026 (CEO's words in the fourth-quarter 2025 earnings release).
  1. Lessons›
  2. Big companies›
  3. Google
  • ·Before this: YouTube: ads, subscriptions and creators
  • ·Free guide: How Google makes money