Microsoft (MSFT) Operating Expenses (2009 - 2026)
Microsoft (MSFT) posted Operating Expenses of $12.3 billion for Q2 2026, up 13.26% sequentially from $10.8 billion in Q1 2026, and up 13.54% YoY from $10.8 billion in Q2 2025.
Microsoft (MSFT) Operating Expenses (2009 - 2026) Analysis & Trends
Microsoft has reported Operating Expenses for 18 years, with the latest figure at $12.3 billion in Q2 2026.
- Quarterly Operating Expenses rose 13.54% year-over-year to $12.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $43.5 billion (up 9.59% YoY) and the FY2026 annual result came in at $43.5 billion, up 9.59% from the prior year.
- Operating Expenses advanced to $12.3 billion in Q2 2026 per MSFT's latest filing, from $10.8 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $12.3 billion in Q2 2026 and troughed at $7.8 billion in Q1 2022.
- A 5-year average of $9.5 billion and a median of $9.4 billion in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses gained 28.55% in 2022, then dropped 0.68% in 2023.
- Over 5 years, Operating Expenses stood at $9.2 billion in 2022, then retreated by 0.68% to $9.1 billion in 2023, then grew by 6.81% to $9.7 billion in 2024, then advanced by 7.15% to $10.4 billion in 2025, then increased by 17.71% to $12.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $12.3 billion, $10.8 billion, and $10.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | NetApp | 40.73 Bn | 37.15 Bn | 1.37 Bn | 833.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.28 Bn |
| Mar 31, 2026 | 10.85 Bn |
| Dec 31, 2025 | 10.44 Bn |
| Sep 30, 2025 | 9.95 Bn |
| Jun 30, 2025 | 10.82 Bn |
| Mar 31, 2025 | 9.94 Bn |
| Dec 31, 2024 | 9.74 Bn |
| Sep 30, 2024 | 9.22 Bn |
| Jun 30, 2024 | 10.30 Bn |
| Mar 31, 2024 | 9.57 Bn |
| Dec 31, 2023 | 9.12 Bn |
| Sep 30, 2023 | 8.13 Bn |
| Jun 30, 2023 | 8.94 Bn |
| Mar 31, 2023 | 8.63 Bn |
| Dec 31, 2022 | 9.18 Bn |
| Sep 30, 2022 | 8.03 Bn |
| Jun 30, 2022 | 8.60 Bn |
| Mar 31, 2022 | 7.79 Bn |
| Dec 31, 2021 | 7.14 Bn |
| Sep 30, 2021 | 6.89 Bn |