Microsoft vs Oracle: capital spending
In their latest reported quarters Microsoft spent $39.4 billion and Oracle $28.5 billion on capital equipment, 68% and 123% of their operating cash flow. Over four quarters, $135.9 billion against $75.7 billion.
Filings through October 28, 2026. Each company’s latest quarter: Microsoft Sep 2026, Oracle Aug 2026.
Quarter by quarter
MicrosoftOracle
Side by side
| Latest reported quarter | Microsoft | Oracle |
|---|---|---|
| Quarter | Sep 2026 | Aug 2026 |
| Capital spending | $39.4B | $28.5B |
| Against a year earlier | +103.0% | +235.2% |
| Operating cash flow | $58.0B | $23.1B |
| Free cash flow | $18.6B | −$5.4B |
| Share of operating cash flow | 68% | 123% |
| Four-quarter capital spending | $135.9B | $75.7B |
| Change on prior four | +96.9% | +176.0% |
| Spend to depreciation | — | — |
| Long-term debt change | $23.0M | — |
Company-wide figures from each company’s filings; quarters differ where fiscal calendars differ. Microsoft and Oracle each have a full page.