Microsoft (MSFT) Operating Expenses (2009 - 2026)
Microsoft (MSFT) reported Operating Expenses of $8.7 billion for Q1 2026, down 11.98% on a YoY basis from $9.9 billion in Q1 2025, and down 16.2% sequentially from $10.4 billion in Q4 2025.
Microsoft (MSFT) Operating Expenses (2009 - 2026) Analysis & Trends
Microsoft (MSFT) has 18 years of Operating Expenses data on file, last reported at $8.7 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 11.98% year-over-year to $8.7 billion; the trailing twelve-month figure through Mar 2026 stood at $45.2 billion (up 5.19% YoY), and the FY2025 full-year result was $39.7 billion, up 6.98% from the prior year.
- Operating Expenses slipped to $8.7 billion in Q1 2026, from $10.4 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $16.1 billion in Q2 2025 to a low of $4.5 billion in Q2 2023.
- A 5-year average of $9.4 billion and a median of $9.1 billion in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses tumbled 58.1% in 2023 and soared 213.69% in 2024, its largest moves.
- Tracing MSFT's Operating Expenses over 5 years: stood at $8.0 billion in 2022, then advanced by 13.76% to $9.1 billion in 2023, then gained by 6.81% to $9.7 billion in 2024, then increased by 7.15% to $10.4 billion in 2025, then retreated by 16.2% to $8.7 billion in 2026.
- Business Quant data shows MSFT's Operating Expenses at $8.7 billion in Q1 2026, $10.4 billion in Q4 2025, and $10.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Synopsys | 72.71 Bn | 70.50 Bn | 1.77 Bn | 1.57 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.75 Bn |
| Dec 31, 2025 | 10.44 Bn |
| Sep 30, 2025 | 9.95 Bn |
| Jun 30, 2025 | 16.11 Bn |
| Mar 31, 2025 | 9.94 Bn |
| Dec 31, 2024 | 9.74 Bn |
| Sep 30, 2024 | 9.22 Bn |
| Jun 30, 2024 | 14.12 Bn |
| Mar 31, 2024 | 8.12 Bn |
| Dec 31, 2023 | 9.12 Bn |
| Sep 30, 2023 | 8.13 Bn |
| Jun 30, 2023 | 4.50 Bn |
| Mar 31, 2023 | 7.39 Bn |
| Dec 31, 2022 | 8.02 Bn |
| Sep 30, 2022 | 8.03 Bn |
| Jun 30, 2022 | 10.74 Bn |
| Mar 31, 2022 | 7.08 Bn |
| Dec 31, 2021 | 6.76 Bn |
| Sep 30, 2021 | 6.89 Bn |
| Jun 30, 2021 | 7.98 Bn |