v3.25.4
PROPERTY AND EQUIPMENT
6 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 6 — PROPERTY AND EQUIPMENT

The components of property and equipment were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

2025

 

June 30,

2025

 

 

Land

$

9,698

$

9,338

Buildings and improvements

163,986

137,921

Leasehold improvements

14,500

12,117

Servers, network equipment, and software

171,351

132,836

Furniture and equipment

6,541

6,407

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total, at cost

 

366,076

298,619

Accumulated depreciation

(104,950

)

(93,653

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total, net

 

$

261,126

$

204,966

 

 

 

 

 

 

 

 

 

 

Depreciation expense was $7.9 billion and $15.0 billion for the three and six months ended December 31, 2025, respectively, and $5.2 billion and $9.9 billion for the three and six months ended December 31, 2024, respectively.

As of December 31, 2025 and June 30, 2025, purchases of property and equipment remaining in accounts payable were $23.1 billion and $6.9 billion, respectively.