Microsoft (MSFT) Operating Expenses (2009 - 2026)

Microsoft (MSFT) posted Operating Expenses of $10.8 billion for Q1 2026, up 3.93% sequentially from $10.4 billion in Q4 2025, and up 9.17% YoY from $9.9 billion in Q1 2025.

Microsoft (MSFT) Operating Expenses (2009 - 2026) Analysis & Trends

Microsoft (MSFT) has 18 years of Operating Expenses data on file, last reported at $10.8 billion in Q1 2026.

  • Quarterly Operating Expenses rose 9.17% year-over-year to $10.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $42.1 billion (up 7.29% YoY) and the FY2025 annual result came in at $39.7 billion, up 6.98% from the prior year.
  • Operating Expenses climbed to $10.8 billion in Q1 2026 per MSFT's latest filing, from $10.4 billion in the prior quarter.
  • The five-year high for Operating Expenses was $10.8 billion in Q1 2026, with the low at $7.8 billion in Q1 2022.
  • Average Operating Expenses over 5 years is $9.4 billion, with a median of $9.2 billion recorded in 2024.
  • Year-over-year, Operating Expenses climbed 28.55% in 2022 and fell 0.68% in 2023.
  • Microsoft's Operating Expenses stood at $9.2 billion in 2022, then decreased by 0.68% to $9.1 billion in 2023, then increased by 6.81% to $9.7 billion in 2024, then climbed by 7.15% to $10.4 billion in 2025, then gained by 3.93% to $10.8 billion in 2026.
  • Business Quant data shows MSFT's Operating Expenses at $10.8 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 2,853.66 Bn 2,775.39 Bn 56.06 Bn 10.85 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.05 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 662.79 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 1.51 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 979.89 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 905.10 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 517.59 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 1.57 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.08 Bn
10 CoreWeave 45.15 Bn 42.89 Bn 2.01 Bn 2.22 Bn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 7.21 Bn