Microsoft (MSFT) Operating Leases (2017 - 2026)

Microsoft has disclosed Operating Leases across 10 years of filings, most recently posting $16.7 billion for Q1 2026.

• Operating Leases for Q1 2026 came in at $16.7 billion, down 5.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $16.7 billion (down 5.56% YoY), and the FY2025 annual result was $17.4 billion, up 12.52% from the prior year.
• Operating Leases came in at $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.
• The 5-year median for Operating Leases is $14.5 billion (2024), against an average of $14.7 billion.
• Across the five-year window, Operating Leases climbed 22.49% in 2022 and decreased 5.56% in 2026, its largest moves.
• Microsoft's 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 decreased by 3.7% to $16.7 billion in 2026.
• The last three Operating Leases figures came in at $16.7 billion (Q1 2026), $17.3 billion (Q4 2025), and $17.3 billion (Q3 2025), per Business Quant data.