Mar 12, 2026 | Posted by Abdul-Rahman Oladimeji
Microsoft and Meta have each committed around $50 billion to additional data center leases in the latest quarter. According to Bloomberg, citing an analysis of quarterly filings, the new deals push total future data center lease commitments by cloud companies and hyperscalers to more than $700 billion.
Bloomberg’s analysis covers companies including Oracle, Microsoft, Meta, Amazon, Google, and CoreWeave, ranked by the size of their lease commitments. The report notes that these obligations are in addition to existing active leases and will not appear on companies’ balance sheets until payments begin.
In Microsoft's late January quarterly earnings call (Q2 FY2026), the company said it had spent $6.7bn on leasing data center capacity. This was less than the prior quarter, which reached $11.1 billion.
The company also stood up 1GW of capacity in Q2 FY2026. However, based on Bloomberg's analysis, we can expect the leases to grow, reflecting the additional commitments.
In total, Bloomberg states that Microsoft carries $155 billion in future lease commitments, while Meta has $104 billion.
Neither Microsoft nor Meta holds as many future lease agreements as Oracle, which holds $261 billion in upcoming lease agreements. This is up again from the end of November, when Oracle disclosed $248 billion in lease commitments, which itself was a 148 percent increase from the end of August 2025.
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