Microsoft Income Statement

Financials in millions USD. Fiscal year is July - June.

Millions USD. Fiscal year is Jul - Jun.

Fiscal Quarter	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021
Revenue	82,886	81,273	77,673	76,441	70,066	69,632	65,585	64,727	61,858	62,020	56,517	56,189	52,857	52,747	50,122	51,865	49,360	51,728	45,317	46,152
Revenue Growth (YoY)	18.30%	16.72%	18.43%	18.10%	13.27%	12.27%	16.05%	15.20%	17.03%	17.58%	12.76%	8.34%	7.08%	1.97%	10.60%	12.38%	18.35%	20.09%	21.97%	21.35%
Cost of Revenue	26,828	25,978	24,043	24,014	21,919	21,799	20,099	19,684	18,505	19,623	16,302	16,795	16,128	17,488	15,452	16,429	15,615	16,960	13,646	13,991
Gross Profit	56,058	55,295	53,630	52,427	48,147	47,833	45,486	45,043	43,353	42,397	40,215	39,394	36,729	35,259	34,670	35,436	33,745	34,768	31,671	32,161
Selling, General & Admin	8,745	8,516	7,523	9,275	7,949	8,263	7,390	9,062	8,119	8,223	6,661	8,401	7,393	8,016	6,524	8,053	7,075	6,763	5,834	7,379
Research & Development	8,915	8,504	8,146	8,829	8,198	7,917	7,544	8,056	7,653	7,142	6,659	6,739	6,984	6,844	6,628	6,849	6,306	5,758	5,599	5,687
Total Operating Expenses	17,660	17,020	15,669	18,104	16,147	16,180	14,934	17,118	15,772	15,365	13,320	15,140	14,377	14,860	13,152	14,902	13,381	12,521	11,433	13,066
Operating Income	38,398	38,275	37,961	34,323	32,000	31,653	30,552	27,925	27,581	27,032	26,895	24,254	22,352	20,399	21,518	20,534	20,364	22,247	20,238	19,095
Total Non-Operating Income (Expense)	942	9,971	-3,660	-1,707	-623	-2,288	-283	-675	-854	-506	389	473	321	-60	54	-47	-174	268	286	310
Pretax Income	39,340	48,246	34,301	32,616	31,377	29,365	30,269	27,250	26,727	26,526	27,284	24,727	22,673	20,339	21,572	20,487	20,190	22,515	20,524	19,405
Provision for Income Taxes	7,562	9,788	6,554	5,383	5,553	5,257	5,602	5,214	4,788	4,656	4,993	4,646	4,374	3,914	4,016	3,747	3,462	3,750	19	2,947
Net Income	31,778	38,458	27,747	27,233	25,824	24,108	24,667	22,036	21,939	21,870	22,291	20,081	18,299	16,425	17,556	16,740	16,728	18,765	20,505	16,458
Net Income to Common	31,778	38,458	27,747	27,233	25,824	24,108	24,667	22,036	21,939	21,870	22,291	20,081	18,299	16,425	17,556	16,740	16,728	18,765	20,505	16,458
Net Income Growth	23.06%	59.52%	12.49%	23.58%	17.71%	10.23%	10.66%	9.74%	19.89%	33.15%	26.97%	19.96%	9.39%	-12.47%	-14.38%	1.71%	8.22%	21.35%	47.59%	46.92%
Shares Outstanding (Basic)	7,426	7,431	7,433	7,432	7,434	7,435	7,433	7,445	7,431	7,432	7,429	7,434	7,441	7,451	7,457	7,474	7,493	7,505	7,513	7,527
Shares Outstanding (Diluted)	7,445	7,460	7,466	7,461	7,461	7,468	7,470	7,493	7,472	7,468	7,462	7,467	7,464	7,473	7,485	7,506	7,534	7,555	7,567	7,581
Shares Change (YoY)	-0.21%	-0.11%	-0.05%	-0.43%	-0.15%	-	0.11%	0.35%	0.11%	-0.07%	-0.31%	-0.52%	-0.93%	-1.08%	-1.08%	-0.99%	-0.83%	-0.80%	-0.92%	-0.90%
EPS (Basic)	4.28	5.18	3.73	3.66	3.47	3.24	3.32	2.96	2.95	2.94	3.00	2.70	2.46	2.20	2.35	2.24	2.23	2.50	2.73	2.19
EPS (Diluted)	4.27	5.16	3.72	3.65	3.46	3.23	3.30	2.95	2.94	2.93	2.99	2.69	2.45	2.20	2.35	2.23	2.22	2.48	2.71	2.17
EPS Growth	23.41%	59.75%	12.73%	23.73%	17.69%	10.24%	10.37%	9.66%	20.00%	33.18%	27.23%	20.63%	10.36%	-11.29%	-13.28%	2.77%	9.36%	22.17%	48.90%	48.63%
Shares Outstanding	7,429	7,429	7,434	7,434	7,434	7,435	7,436	7,434	7,433	7,432	7,431	7,432	7,437	7,447	7,457	7,464	7,483	7,500	7,510	7,519
Free Cash Flow	15,803	5,882	25,663	25,568	20,299	6,487	19,257	23,322	20,965	9,118	20,666	19,827	17,834	4,899	16,915	17,758	20,046	8,615	18,730	16,258
Free Cash Flow Growth	-22.15%	-9.33%	33.27%	9.63%	-3.18%	-28.85%	-6.82%	17.63%	17.56%	86.12%	22.18%	11.65%	-11.04%	-43.13%	-9.69%	9.23%	17.30%	3.27%	29.82%	16.72%
Free Cash Flow Per Share	2.12	0.79	3.44	3.43	2.72	0.87	2.58	3.11	2.81	1.22	2.77	2.66	2.39	0.66	2.26	2.37	2.66	1.14	2.48	2.14
Dividends Per Share	0.910	0.910	0.910	0.830	0.830	0.830	0.830	0.750	0.750	0.750	0.750	0.680	0.680	0.680	0.680	0.620	0.620	0.620	0.620	0.560
Dividend Growth	9.64%	9.64%	9.64%	10.67%	10.67%	10.67%	10.67%	10.29%	10.29%	10.29%	10.29%	9.68%	9.68%	9.68%	9.68%	10.71%	10.71%	10.71%	10.71%	9.80%
Gross Margin	67.63%	68.04%	69.05%	68.58%	68.72%	68.69%	69.35%	69.59%	70.08%	68.36%	71.16%	70.11%	69.49%	66.85%	69.17%	68.32%	68.37%	67.21%	69.89%	69.69%
Operating Margin	46.33%	47.09%	48.87%	44.90%	45.67%	45.46%	46.58%	43.14%	44.59%	43.59%	47.59%	43.16%	42.29%	38.67%	42.93%	39.59%	41.26%	43.01%	44.66%	41.37%
Profit Margin	38.34%	47.32%	35.72%	35.63%	36.86%	34.62%	37.61%	34.04%	35.47%	35.26%	39.44%	35.74%	34.62%	31.14%	35.03%	32.28%	33.89%	36.28%	45.25%	35.66%
FCF Margin	19.07%	7.24%	33.04%	33.45%	28.97%	9.32%	29.36%	36.03%	33.89%	14.70%	36.57%	35.29%	33.74%	9.29%	33.75%	34.24%	40.61%	16.65%	41.33%	35.23%
EBITDA	48,565	47,473	51,022	45,526	39,734	37,320	37,935	34,305	33,608	32,991	30,816	28,128	25,901	24,047	24,308	24,513	24,137	25,743	23,450	22,439
EBITDA Margin	58.59%	58.41%	65.69%	59.56%	56.71%	53.60%	57.84%	53.00%	54.33%	53.19%	54.53%	50.06%	49.00%	45.59%	48.50%	47.26%	48.90%	49.77%	51.75%	48.62%
EBIT	38,398	38,275	37,961	34,323	32,000	31,653	30,552	27,925	27,581	27,032	26,895	24,254	22,352	20,399	21,518	20,534	20,364	22,247	20,238	19,095
EBIT Margin	46.33%	47.09%	48.87%	44.90%	45.67%	45.46%	46.58%	43.14%	44.59%	43.59%	47.59%	43.16%	42.29%	38.67%	42.93%	39.59%	41.26%	43.01%	44.66%	41.37%
Effective Tax Rate	19.22%	20.29%	19.11%	16.50%	17.70%	17.90%	18.51%	19.13%	17.91%	17.55%	18.30%	18.79%	19.29%	19.24%	18.62%	18.29%	17.15%	16.66%	0.09%	15.19%

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q