“We currently expect 2025 capital expenditures, including principal payments on finance leases, to be in the range of $70-72 billion, increased from our prior outlook of $66-72 billion (and up from the $60-65 billion guided in January 2025).”

Susan LiCEO

CFO, Meta Platforms

Meta reported full-year 2025 capital expenditures, including principal payments on finance leases, of $72.22 billion — essentially on target, a rounding margin above the top of the $70-72 billion range.