Microsoft (MSFT) Cost of Revenue (2009 - 2026)

Microsoft has disclosed Cost of Revenue across 18 years of filings, most recently posting $6.8 billion for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $6.8 billion, up 9.69% year-over-year; the trailing twelve-month figure through Mar 2026 was $18.7 billion (down 65.04% YoY), and the FY2025 annual result was $25.7 billion, down 65.39% from the prior year.
• Cost of Revenue came in at $6.8 billion for Q1 2026 at Microsoft, down from $26.0 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $49.3 billion in Q2 2023 to a low of -$38.2 billion in Q2 2025.
• The 5-year median for Cost of Revenue is $6.3 billion (2022), against an average of $10.1 billion.
• Across the five-year window, Cost of Revenue tumbled 396.83% in 2022 and surged 682.17% in 2023, its largest moves.
• Microsoft's Cost of Revenue stood at $5.7 billion in 2022, then jumped by 245.54% to $19.6 billion in 2023, then climbed by 11.09% to $21.8 billion in 2024, then rose by 19.17% to $26.0 billion in 2025, then tumbled by 73.77% to $6.8 billion in 2026.
• The last three Cost of Revenue figures came in at $6.8 billion (Q1 2026), $26.0 billion (Q4 2025), and $24.0 billion (Q3 2025), per Business Quant data.