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.
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
Recent Quarterly Operating Expenses
Quarter
Operating Expenses
Q1 2026
$17.7B
Q4 2025
$17.0B
Q3 2025
$15.7B
Q2 2025
$18.1B
Q1 2025
$16.1B
Q4 2024
$16.2B
Q3 2024
$14.9B
Q2 2024
$17.1B
Q1 2024
$15.8B
Q4 2023
$15.4B
Q3 2023
$13.3B
Q2 2023
$15.1B
Source: MSFT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.