KPIs & Operating Metrics(New)
Growth Metrics

Microsoft (MSFT) Operating Leases (2017 - 2025)

Microsoft (MSFT) has disclosed Operating Leases for 9 consecutive years, with $17.3 billion as the latest value for Q4 2025.

  • Quarterly Operating Leases rose 0.53% to $17.3 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $17.3 billion through Dec 2025, up 0.53% year-over-year, with the annual reading at $17.4 billion for FY2025, 12.52% up from the prior year.
  • Operating Leases hit $17.3 billion in Q4 2025 for Microsoft, roughly flat 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 $9.3 billion in Q1 2021.
  • Historically, Operating Leases has averaged $13.6 billion across 5 years, with a median of $13.1 billion in 2023.
  • Biggest five-year swings in Operating Leases: rose 29.63% in 2021 and later increased 0.53% in 2025.
  • Year by year, Operating Leases stood at $10.8 billion in 2021, then grew by 11.36% to $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 rose by 0.53% to $17.3 billion in 2025.
  • Business Quant data shows Operating Leases for MSFT at $17.3 billion in Q4 2025, $17.3 billion in Q3 2025, and $17.4 billion in Q2 2025.