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

Microsoft's Cost of Revenue history spans 17 years, with the latest figure at $6.6 billion for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 2.24% year-over-year to $6.6 billion; the TTM value through Dec 2025 reached $25.8 billion, down 34.79%, while the annual FY2025 figure was $25.7 billion, 4.9% up from the prior year.
  • Cost of Revenue for Q4 2025 was $6.6 billion at Microsoft, up from $5.7 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $51.7 billion in Q1 2025 and bottomed at -$38.2 billion in Q2 2025.
  • The 5-year median for Cost of Revenue is $6.7 billion (2024), against an average of $11.4 billion.
  • The largest YoY upside for Cost of Revenue was 732.29% in 2025 against a maximum downside of 659.9% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $17.0 billion in 2021, then grew by 3.11% to $17.5 billion in 2022, then plummeted by 64.28% to $6.2 billion in 2023, then increased by 3.11% to $6.4 billion in 2024, then increased by 2.24% to $6.6 billion in 2025.
  • Per Business Quant, the three most recent readings for MSFT's Cost of Revenue are $6.6 billion (Q4 2025), $5.7 billion (Q3 2025), and -$38.2 billion (Q2 2025).