Microsoft (MSFT) Operating Leases (2017 - 2026)

Microsoft's Operating Leases history runs 10 years deep, the most recent figure standing at $16.7 billion for Q1 2026.

• Quarterly Operating Leases fell 5.56% year-over-year to $16.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $16.7 billion (down 5.56% YoY) and the FY2025 annual result came in at $17.4 billion, up 12.52% from the prior year.
• Operating Leases was $16.7 billion for Q1 2026 at Microsoft, down from $17.3 billion in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $17.7 billion in Q1 2025 to a low of $11.4 billion in Q1 2022.
• Median Operating Leases over the past 5 years was $14.5 billion (2024), compared with a mean of $14.7 billion.
• Across the five-year window, Operating Leases advanced 22.49% in 2022 and retreated 5.56% in 2026, its largest moves.
• Over 5 years, Operating Leases stood at $12.0 billion in 2022, then rose by 17.98% to $14.2 billion in 2023, then increased by 21.89% to $17.3 billion in 2024, then climbed by 0.53% to $17.3 billion in 2025, then retreated by 3.7% to $16.7 billion in 2026.
• Business Quant data shows MSFT's Operating Leases at $16.7 billion in Q1 2026, $17.3 billion in Q4 2025, and $17.3 billion in Q3 2025.