Microsoft (MSFT) Operating Leases (2017 - 2026)
Microsoft (MSFT) posted Operating Leases of $16.5 billion for Q2 2026, down 1.02% sequentially from $16.7 billion in Q1 2026, and down 5.19% YoY from $17.4 billion in Q2 2025.
Microsoft (MSFT) Operating Leases (2017 - 2026) Analysis & Trends
Microsoft has reported Operating Leases for 10 years, with the latest figure at $16.5 billion in Q2 2026.
- Quarterly Operating Leases fell 5.19% year-over-year to $16.5 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $16.5 billion (down 5.19% YoY) and the FY2026 annual result came in at $16.5 billion, down 5.19% from the prior year.
- Operating Leases declined to $16.5 billion in Q2 2026 per MSFT's latest filing, from $16.7 billion in the prior quarter.
- Over five years, Operating Leases peaked at $17.7 billion in Q1 2025 and troughed at $11.4 billion in Q1 2022.
- A 5-year average of $14.8 billion and a median of $15.0 billion in 2024 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2026: Operating Leases increased 22.49% in 2022, then dropped 5.56% in 2026.
- Over 5 years, Operating Leases stood at $12.0 billion in 2022, then climbed by 17.98% to $14.2 billion in 2023, then advanced by 21.89% to $17.3 billion in 2024, then rose by 0.53% to $17.3 billion in 2025, then decreased by 4.69% to $16.5 billion in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $16.5 billion, $16.7 billion, and $17.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.53 Bn |
| Mar 31, 2026 | 16.70 Bn |
| Dec 31, 2025 | 17.35 Bn |
| Sep 30, 2025 | 17.35 Bn |
| Jun 30, 2025 | 17.44 Bn |
| Mar 31, 2025 | 17.69 Bn |
| Dec 31, 2024 | 17.25 Bn |
| Sep 30, 2024 | 16.36 Bn |
| Jun 30, 2024 | 15.50 Bn |
| Mar 31, 2024 | 14.47 Bn |
| Dec 31, 2023 | 14.16 Bn |
| Sep 30, 2023 | 13.49 Bn |
| Jun 30, 2023 | 12.73 Bn |
| Mar 31, 2023 | 12.31 Bn |
| Dec 31, 2022 | 12.00 Bn |
| Sep 30, 2022 | 11.66 Bn |
| Jun 30, 2022 | 11.49 Bn |
| Mar 31, 2022 | 11.36 Bn |
| Dec 31, 2021 | 10.77 Bn |
| Sep 30, 2021 | 10.05 Bn |