Microsoft (MSFT) Operating Expenses (2009 - 2026)

Microsoft has disclosed Operating Expenses across 18 years of filings, most recently posting $10.8 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $10.8 billion, up 9.17% year-over-year; the trailing twelve-month figure through Mar 2026 was $42.1 billion (up 7.29% YoY), and the FY2025 annual result was $39.7 billion, up 6.98% from the prior year.
• Operating Expenses came in at $10.8 billion for Q1 2026 at Microsoft, up from $10.4 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $10.8 billion in Q1 2026 to a low of $7.8 billion in Q1 2022.
• The 5-year median for Operating Expenses is $9.2 billion (2024), against an average of $9.4 billion.
• Across the five-year window, Operating Expenses increased 28.55% in 2022 and decreased 0.68% in 2023, its largest moves.
• Microsoft's 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 grew by 3.93% to $10.8 billion in 2026.
• The last three Operating Expenses figures came in at $10.8 billion (Q1 2026), $10.4 billion (Q4 2025), and $10.0 billion (Q3 2025), per Business Quant data.