“Our current expectation is that capex dollar growth will be notably larger in 2026 than 2025. We also anticipate total expenses will grow at a significantly faster percentage rate in 2026 than 2025, with growth driven primarily by infrastructure costs.”
Benchmark: 2025 capex grew about $33 billion (from $39.23B to $72.22B); Meta's January 2026 guidance of $115-135 billion implies growth of $43-63 billion, so the claim looks on track but resolves only with full-year 2026 results.