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Microsoft (MSFT) Operating Expenses (2016 - 2025)

Microsoft's Operating Expenses history spans 17 years, with the latest figure at $10.4 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 7.15% year-over-year to $10.4 billion; the TTM value through Dec 2025 reached $41.1 billion, up 5.97%, while the annual FY2025 figure was $39.7 billion, 6.98% up from the prior year.
  • Operating Expenses for Q4 2025 was $10.4 billion at Microsoft, up from $10.0 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $10.8 billion in Q2 2025 and bottomed at $6.5 billion in Q1 2021.
  • The 5-year median for Operating Expenses is $9.0 billion (2023), against an average of $8.8 billion.
  • The largest annual shift saw Operating Expenses rose 28.55% in 2022 before it fell 0.68% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $7.1 billion in 2021, then increased by 28.55% to $9.2 billion in 2022, then fell by 0.68% to $9.1 billion in 2023, then rose by 6.81% to $9.7 billion in 2024, then grew by 7.15% to $10.4 billion in 2025.
  • Per Business Quant, the three most recent readings for MSFT's Operating Expenses are $10.4 billion (Q4 2025), $10.0 billion (Q3 2025), and $10.8 billion (Q2 2025).