Microsoft (MSFT) Operating Leases (2017 - 2026)

Microsoft has disclosed Operating Leases across 10 years of filings, most recently posting $16.5 billion for Q2 2026.

• In Q2 2026, Operating Leases fell 5.19% year-over-year to $16.5 billion; the TTM figure through Jun 2026 stood at $16.5 billion (down 5.19% YoY), while the FY2026 annual figure was $16.5 billion, down 5.19% from the prior year.
• Operating Leases came in at $16.5 billion for Q2 2026 at Microsoft, down from $16.7 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.
• Average Operating Leases over 5 years is $14.8 billion, with a median of $15.0 billion recorded in 2024.
• Year-over-year, Operating Leases grew 22.49% in 2022 and slipped 5.56% in 2026.
• Over 5 years, Operating Leases stood at $12.0 billion in 2022, then gained by 17.98% to $14.2 billion in 2023, then rose by 21.89% to $17.3 billion in 2024, then grew by 0.53% to $17.3 billion in 2025, then fell by 4.69% to $16.5 billion in 2026.
• Per Business Quant data, the three most recent Operating Leases figures were $16.5 billion in Q2 2026, $16.7 billion in Q1 2026, and $17.3 billion in Q4 2025.