META · 10-K · 2025A · Full report

Datacenter Capacity Expansion

Meta Platforms, Inc. · 2026-01-29 · Importance 71 · Surprise 60

Meta discloses substantial lease and contractual commitments tied to data centers: $103.77 billion of leases that have not yet commenced (mostly for data centers, colocations and network infrastructure) and $131.05 billion of contractual commitments mostly related to third‑party cloud capacity and continued investments in servers, network infrastructure and data centers. The uncommenced leases will commence between 2026 and 2030 with terms up to 30 years, indicating multi‑year capacity buildout plans. A material portion of these commitments—$30.63 billion—is due in 2026, showing near‑term capital and capacity deployment. This underscores Meta’s strategy to expand owned and colocated datacenter footprint to meet growing compute needs for AI and core services.

Key facts