US capex overtook buybacks in 2025. Five companies did it.
Across 361 listed non-financial companies, capital spending passed share repurchases for the first time since 2021. Remove five names and the shift disappears.
6 primary sourcesTicker · 2 articles
META
Every article on this page was built from the company's own filings. The documents they were read from are listed below, so you can check any figure yourself.
Last checked Aug 12, 2026All companies
Primary sources used
- SEC XBRL frames API — PaymentsForRepurchaseOfCommonStock, CY2025The buyback side of the panel; one of fifteen frame calls
- SEC XBRL frames API — PaymentsToAcquirePropertyPlantAndEquipment, CY2025The standard capital expenditure tag
- SEC XBRL frames API — PaymentsToAcquireProductiveAssets, CY2025The alternate capex tag; omitting it drops part of the panel
- Alphabet Inc. — FY2025 Form 10-KSpot-checked: capex $91,447M in FY2025 against $24,640M in FY2021
- Oracle Corporation — SEC EDGAR filing historySpot-checked: capex $55,663M for the year ended 31 May 2026
- Daily closing prices, ORCL, June–August 2026 (market data, not a filing)The 11 June close-to-close move quoted in the summary · prices may be delayed and are not from a filing
- Amazon.com, Inc. — FY2025 Form 10-KConsolidated Statements of Cash Flows · accession 0001018724-26-000004
- Amazon.com, Inc. — Form 10-Q, quarter ended June 30 2026Trailing-twelve-month cash flow presentation
- Microsoft Corporation — FY2026 Form 10-KFiscal year ended June 30 2026
- Meta Platforms, Inc. — FY2025 Form 10-Kaccession 0001628280-26-003942
- SEC Division of Corporation Finance — Non-GAAP Financial Measures, C&DI 102.07Staff guidance on free cash flow · last updated December 13 2022
- Daily closing prices, AMZN, July–August 2026 (market data, not a filing)The close-to-close move quoted in the summary · prices may be delayed and are not from a filing
12documents, deduplicated. Links go to the original filing, not to a summary.