Apple vs Microsoft — Operating Expenses Comparison

Apple (AAPL) operating expenses was $62.2B in FY2025 (+8% YoY); Microsoft (MSFT) operating expenses was $65.4B in FY2025 (+6% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Apple	Microsoft
2025	$62.2B	$65.4B
2024	$57.5B	$61.6B
2023	$54.8B	$57.5B
2022	$51.3B	$52.2B
2021	$43.9B	$45.9B
2020	$38.7B	$44.0B
2019	$34.5B	$40.0B
2018	$30.9B	$36.9B
2017	$26.8B	$33.0B
2016	$24.2B	$26.0B
2015	$22.4B	$40.3B
2014	$18.0B	$32.0B
2013	$15.3B	$30.7B
2012	$13.4B	$34.4B
2011	$10.0B	$27.2B
2010	$7.3B	$26.0B
2009	$5.5B	$25.9B
2008	$4.9B	$26.6B
2007	$3.7B	—

Apple — Annual Operating Expenses

Fiscal Year	Operating Expenses	YoY
2025	$62.2B	+8%
2024	$57.5B	+5%
2023	$54.8B	+7%
2022	$51.3B	+17%
2021	$43.9B	+13%
2020	$38.7B	+12%
2019	$34.5B	+11%
2018	$30.9B	+15%
2017	$26.8B	+11%
2016	$24.2B	+8%
2015	$22.4B	+24%
2014	$18.0B	+18%
2013	$15.3B	+14%
2012	$13.4B	+34%
2011	$10.0B	+37%
2010	$7.3B	+33%
2009	$5.5B	+13%
2008	$4.9B	+30%
2007	$3.7B

Microsoft — Annual Operating Expenses

Fiscal Year	Operating Expenses	YoY
2025	$65.4B	+6%
2024	$61.6B	+7%
2023	$57.5B	+10%
2022	$52.2B	+14%
2021	$45.9B	+4%
2020	$44.0B	+10%
2019	$40.0B	+8%
2018	$36.9B	+12%
2017	$33.0B	+27%
2016	$26.0B	-36%
2015	$40.3B	+26%
2014	$32.0B	+4%
2013	$30.7B	-11%
2012	$34.4B	+27%
2011	$27.2B	+5%
2010	$26.0B	+0%
2009	$25.9B	-2%
2008	$26.6B

Source: AAPL on EDGAR · MSFT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.