Microsoft (MSFT) Cost of Revenue (2009 - 2026)
Microsoft (MSFT) reported Cost of Revenue of $29.72 billion for fiscal Q1 2027 (quarter ended Sep 30, 2026), up 23.6% from $24.04 billion a year earlier and up 0.7% from the prior quarter.
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Analysis
Microsoft (MSFT) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Microsoft's Cost of Revenue came in at $112.05 billion, up 22.1% year-over-year; for FY2026 (ended Jun 30, 2026), it came in at $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 Q1 2027 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 27 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 23.6% in fiscal Q1 2027.
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $29.53 billion (Q4 2026), $26.83 billion (Q3 2026) and $25.98 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,944.62 Bn | 3,880.11 Bn | 62.56 Bn | 29.72 Bn |
| 2 | International Business Machines | 231.10 Bn | 185.71 Bn | 9.71 Bn | 7.39 Bn |
| 3 | Equinix | 100.11 Bn | 88.01 Bn | 1.31 Bn | 1.26 Bn |
| 4 | Cloudflare | 96.02 Bn | 78.46 Bn | 557.23 Mn | 225.28 Mn |
| 5 | Nebius | 31.44 Bn | 4.87 Bn | 448.70 Mn | 133.60 Mn |
| 6 | Verisign | 27.82 Bn | 25.17 Bn | 393.20 Mn | 49.80 Mn |
| 7 | CoreWeave | 25.57 Bn | 12.66 Bn | 1.70 Bn | 879.00 Mn |
| 8 | Nutanix | 15.68 Bn | 7.37 Bn | 651.35 Mn | 105.73 Mn |
| 9 | GoDaddy | 14.30 Bn | 9.69 Bn | 843.00 Mn | 498.80 Mn |
| 10 | Akamai Technologies | 12.01 Bn | 5.41 Bn | 613.75 Mn | 485.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.72 Bn |
| 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 |
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();