Microsoft (MSFT) Operating Expenses (2009 - 2026)

Microsoft has disclosed Operating Expenses across 18 years of filings, most recently posting $12.3 billion for Q2 2026.

• In Q2 2026, Operating Expenses rose 13.54% year-over-year to $12.3 billion; the TTM figure through Jun 2026 stood at $43.5 billion (up 9.59% YoY), while the FY2026 annual figure was $43.5 billion, up 9.59% from the prior year.
• Operating Expenses came in at $12.3 billion for Q2 2026 at Microsoft, up from $10.8 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $12.3 billion in Q2 2026 to a low of $7.8 billion in Q1 2022.
• Average Operating Expenses over 5 years is $9.5 billion, with a median of $9.4 billion recorded in 2024.
• Year-over-year, Operating Expenses rose 28.55% in 2022 and slipped 0.68% in 2023.
• Over 5 years, Operating Expenses stood at $9.2 billion in 2022, then declined by 0.68% to $9.1 billion in 2023, then advanced by 6.81% to $9.7 billion in 2024, then rose by 7.15% to $10.4 billion in 2025, then climbed by 17.71% to $12.3 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $12.3 billion in Q2 2026, $10.8 billion in Q1 2026, and $10.4 billion in Q4 2025.