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| Date | Value |
|---|---|
| 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 |