Amazon vs Microsoft — Operating Expenses Comparison

Amazon (AMZN) operating expenses was $4.4B in FY2009 (+28% 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	Amazon	Microsoft
2025	—	$65.4B
2024	—	$61.6B
2023	—	$57.5B
2022	—	$52.2B
2021	—	$45.9B
2020	—	$44.0B
2019	—	$40.0B
2018	—	$36.9B
2017	—	$33.0B
2016	—	$26.0B
2015	—	$40.3B
2014	—	$32.0B
2013	—	$30.7B
2012	—	$34.4B
2011	—	$27.2B
2010	—	$26.0B
2009	$4.4B	$25.9B
2008	$3.4B	$26.6B
2007	$2.7B	—

Amazon — Annual Operating Expenses

Fiscal Year	Operating Expenses	YoY
2009	$4.4B	+28%
2008	$3.4B	+27%
2007	$2.7B

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