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Microsoft (MSFT) Cost of Revenue (2016 - 2025)

Microsoft (MSFT) has disclosed Cost of Revenue for 17 consecutive years, with $6.6 billion as the latest value for Q4 2025.

  • Quarterly Cost of Revenue rose 2.24% to $6.6 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $25.8 billion through Dec 2025, down 74.59% year-over-year, with the annual reading at $25.7 billion for FY2025, 65.39% down from the prior year.
  • Cost of Revenue hit $6.6 billion in Q4 2025 for Microsoft, up from $5.7 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $56.5 billion in Q2 2024 to a low of -$26.3 billion in Q2 2023.
  • Historically, Cost of Revenue has averaged $10.9 billion across 5 years, with a median of $6.9 billion in 2025.
  • Biggest five-year swings in Cost of Revenue: skyrocketed 368.52% in 2021 and later tumbled 164.25% in 2022.
  • Year by year, Cost of Revenue stood at $17.0 billion in 2021, then tumbled by 66.52% to $5.7 billion in 2022, then soared by 245.54% to $19.6 billion in 2023, then tumbled by 67.18% to $6.4 billion in 2024, then rose by 2.24% to $6.6 billion in 2025.
  • Business Quant data shows Cost of Revenue for MSFT at $6.6 billion in Q4 2025, $5.7 billion in Q3 2025, and $7.3 billion in Q2 2025.