Meta has committed to approximately $825bn in future leases and contracts, with the bulk directed toward data centres and computational resources supporting its artificial intelligence initiatives. These figures emerge from the company's quarterly regulatory filing submitted on October 22, 2026. Bloomberg identified the total by combining three separate line items disclosed in the filing, representing a substantial increase from the nearly $700bn in commitments the news organisation reported in July.

The single largest component totals $454.5bn in non-cancellable contracts. According to the filing, these expenditures predominantly fund cloud capacity procured from external vendors, alongside servers and networking infrastructure. The commitments additionally encompass energy supplies for data centre operations and equipment allocated to Reality Labs, Meta's virtual reality division. Of this amount, $45.9bn comes due before the end of 2026, with a further $121.4bn scheduled for 2027.

A second major category comprises $355.7bn in leases that have yet to commence and therefore remain absent from the company's balance sheet. These agreements cover data centre facilities, energy infrastructure, shared server capacity and networking equipment. The leases span from the present through 2036 and feature terms extending up to three decades.

The third element involves a five-year arrangement to acquire up to $14.7bn in cloud capacity. The filing notes this figure may decrease if the cloud provider allocates the capacity to alternative customers.

These commitments arrive alongside substantial near-term expenditures. Meta disclosed that capital spending, including finance lease obligations, reached $34.9bn during the third quarter ending September 30. The company generated negative free cash flow of $2.1bn during the same period. Looking ahead, Meta has narrowed its full-year spending guidance to a range of $135bn to $145bn, down from the previously announced $130bn to $145bn.

Our investments are paying off, the core business is strong, and we're seeing velocity across the board

Mark Zuckerberg, Meta's chief executive

In parallel developments, Meta intends to establish non-voting Class C shares, effective January 19, 2027. The company indicates it will utilise these shares to issue new equity to investors moving forward.

Market reaction proved mixed. Meta's share price declined roughly 3% during pre-market trading on Thursday. Simultaneously, the cost of hedging against Meta's debt default reached unprecedented levels, with five-year credit default swaps climbing to approximately 119 basis points based on ICE Data Services figures cited in market reports.

Source: The Next Web