Microsoft (MSFT) Cost of Revenue (2009 - 2026)
Microsoft (MSFT) reported Cost of Revenue of $29.53 billion for fiscal Q4 2026 (quarter ended Jun 30, 2026), up 22.9% from $24.01 billion a year earlier and up 10.1% from the prior quarter.
Powered by 
Analysis
Microsoft (MSFT) Cost of Revenue (2009 - 2026) Analysis & Trends
For FY2026 (ended Jun 30, 2026), Microsoft posted Cost of Revenue of $106.37 billion, up 21.1% from FY2025.
- Cost of Revenue has increased for ten consecutive fiscal years, with a five-year compound annual growth rate of 15.3% (FY2021 to FY2026).
- By fiscal year, Cost of Revenue came in at $87.83 billion in FY2025 (+18.5%), $74.11 billion in FY2024 (+12.5%), $65.86 billion in FY2023 (+5.1%) and $62.65 billion in FY2022 (+19.9%).
- The fiscal Q4 2026 figure ranks as the highest quarterly Cost of Revenue in data going back to fiscal Q3 2009.
- Year over year, Cost of Revenue has now increased in each of the last 26 quarters, with growth averaging 19.9% over the last eight quarters.
- Across the past five years, year-over-year growth in Cost of Revenue ran from 2.2% in fiscal Q4 2023 to 24.0% in fiscal Q1 2022.
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $26.83 billion (Q3 2026), $25.98 billion (Q2 2026) and $24.04 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,833.59 Bn | 3,756.75 Bn | 60.48 Bn | 29.53 Bn |
| 2 | International Business Machines | 212.47 Bn | 163.37 Bn | 9.91 Bn | 7.26 Bn |
| 3 | Cloudflare | 112.40 Bn | 95.93 Bn | 499.52 Mn | 196.54 Mn |
| 4 | Equinix | 99.47 Bn | 88.02 Bn | 1.40 Bn | 1.23 Bn |
| 5 | Nebius | 60.05 Bn | 33.48 Bn | 448.70 Mn | 133.60 Mn |
| 6 | CoreWeave | 48.26 Bn | 35.35 Bn | 1.70 Bn | 879.00 Mn |
| 7 | Verisign | 25.97 Bn | 23.18 Bn | 384.60 Mn | 50.00 Mn |
| 8 | Nutanix | 18.41 Bn | 10.09 Bn | 651.35 Mn | 105.73 Mn |
| 9 | Akamai Technologies | 16.36 Bn | 9.77 Bn | 613.75 Mn | 485.93 Mn |
| 10 | DigitalOcean Holdings | 14.67 Bn | 12.67 Bn | 154.66 Mn | 126.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.53 Bn |
| Mar 31, 2026 | 26.83 Bn |
| Dec 31, 2025 | 25.98 Bn |
| Sep 30, 2025 | 24.04 Bn |
| Jun 30, 2025 | 24.01 Bn |
| Mar 31, 2025 | 21.92 Bn |
| Dec 31, 2024 | 21.80 Bn |
| Sep 30, 2024 | 20.10 Bn |
| Jun 30, 2024 | 19.68 Bn |
| Mar 31, 2024 | 18.51 Bn |
| Dec 31, 2023 | 19.62 Bn |
| Sep 30, 2023 | 16.30 Bn |
| Jun 30, 2023 | 16.80 Bn |
| Mar 31, 2023 | 16.13 Bn |
| Dec 31, 2022 | 17.49 Bn |
| Sep 30, 2022 | 15.45 Bn |
| Jun 30, 2022 | 16.43 Bn |
| Mar 31, 2022 | 15.62 Bn |
| Dec 31, 2021 | 16.96 Bn |
| Sep 30, 2021 | 13.65 Bn |
API Access
Microsoft Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MSFT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MSFT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MSFT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();