Microsoft Corporation (MSFT)

Microsoft Income Statement

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

Fiscal Quarter	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	Q3 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue	305,453	293,812	281,724	270,010	261,802	254,190	245,122	236,584	227,583	218,310	211,915	207,591	204,094	203,075	198,270	192,557	184,903	176,251	168,088	159,969
Revenue Growth (YoY)	16.67%	15.59%	14.93%	14.13%	15.04%	16.43%	15.67%	13.97%	11.51%	7.50%	6.88%	7.81%	10.38%	15.22%	17.96%	20.37%	20.63%	19.81%	17.53%	15.33%
Cost of Revenue	95,954	91,775	87,831	83,501	80,087	77,911	74,114	71,225	68,848	66,713	65,863	65,497	64,984	64,456	62,650	60,212	57,642	54,876	52,232	50,580
Gross Profit	209,499	202,037	193,893	186,509	181,715	176,279	171,008	165,359	158,735	151,597	146,052	142,094	139,110	138,619	135,620	132,345	127,261	121,375	115,856	109,389
Selling, General & Admin	33,263	33,010	32,877	32,664	32,834	32,794	32,065	31,404	30,678	30,471	30,334	29,986	29,668	28,415	27,725	27,051	26,385	25,708	25,224	24,918
Research & Development	33,677	33,090	32,488	31,715	31,170	30,395	29,510	28,193	27,524	27,226	27,195	27,305	26,627	25,541	24,512	23,350	22,248	21,389	20,716	20,243
Total Operating Expenses	66,940	66,100	65,365	64,379	64,004	63,189	61,575	59,597	58,202	57,697	57,529	57,291	56,295	53,956	52,237	50,401	48,633	47,097	45,940	45,161
Operating Income	142,559	135,937	128,528	122,130	117,711	113,090	109,433	105,762	100,533	93,900	88,523	84,803	82,815	84,663	83,383	81,944	78,628	74,278	69,916	64,228
Total Non-Operating Income (Expense)	3,981	-8,278	-4,901	-3,869	-4,100	-2,318	-1,646	-498	677	1,123	788	268	-227	101	333	690	1,052	1,224	1,186	891
Pretax Income	146,540	127,659	123,627	118,261	113,611	110,772	107,787	105,264	101,210	95,023	89,311	85,071	82,588	84,764	83,716	82,634	79,680	75,502	71,102	65,119
Provision for Income Taxes	27,278	22,747	21,795	21,626	20,861	20,260	19,651	19,083	18,669	17,927	16,950	16,051	15,139	14,975	10,978	10,178	8,495	7,619	9,831	9,104
Net Income	119,262	104,912	101,832	96,635	92,750	90,512	88,136	86,181	82,541	77,096	72,361	69,020	67,449	69,789	72,738	72,456	71,185	67,883	61,271	56,015
Net Income to Common	119,262	104,912	101,832	96,635	92,750	90,512	88,136	86,181	82,541	77,096	72,361	69,020	67,449	69,789	72,738	72,456	71,185	67,883	61,271	56,015
Net Income Growth	28.58%	15.91%	15.54%	12.13%	12.37%	17.40%	21.80%	24.86%	22.38%	10.47%	-0.52%	-4.74%	-5.25%	2.81%	18.71%	29.35%	38.73%	42.92%	38.37%	21.07%
Shares Outstanding (Basic)	7,433	7,434	7,434	7,437	7,436	7,435	7,434	7,432	7,434	7,439	7,446	7,456	7,469	7,482	7,496	7,510	7,521	7,534	7,547	7,560
Shares Outstanding (Diluted)	7,462	7,464	7,465	7,473	7,476	7,476	7,474	7,467	7,465	7,467	7,472	7,482	7,500	7,520	7,541	7,559	7,575	7,590	7,608	7,625
Shares Change (YoY)	-0.18%	-0.16%	-0.12%	0.08%	0.14%	0.12%	0.02%	-0.20%	-0.46%	-0.71%	-0.91%	-1.02%	-1.00%	-0.93%	-0.88%	-0.86%	-0.91%	-0.95%	-0.96%	-0.99%
EPS (Basic)	16.04	14.10	13.69	12.99	12.47	12.17	11.85	11.59	11.10	10.36	9.71	9.25	9.02	9.32	9.70	9.65	9.47	9.02	8.13	7.42
EPS (Diluted)	15.99	14.06	13.64	12.94	12.42	12.12	11.81	11.55	11.06	10.33	9.69	9.23	9.00	9.28	9.64	9.58	9.39	8.94	8.05	7.34
EPS Growth	28.74%	16.01%	15.50%	12.04%	12.30%	17.33%	21.88%	25.14%	22.89%	11.31%	0.52%	-3.65%	-4.15%	3.80%	19.75%	30.52%	39.94%	44.43%	40.00%	22.33%
Shares Outstanding	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	7,534
Free Cash Flow	77,412	78,017	71,611	69,365	70,031	72,662	74,071	70,576	67,445	63,226	59,475	57,406	59,618	63,334	65,149	63,649	60,693	60,420	56,118	53,789
Free Cash Flow Growth	10.54%	7.37%	-3.32%	-1.72%	3.83%	14.92%	24.54%	22.94%	13.13%	-0.17%	-8.71%	-9.81%	-1.77%	4.82%	16.09%	18.33%	20.34%	22.73%	24.06%	24.05%
Free Cash Flow Per Share	10.37	10.45	9.59	9.28	9.37	9.72	9.91	9.45	9.03	8.47	7.96	7.67	7.95	8.42	8.64	8.42	8.01	7.96	7.38	7.05
Dividends Per Share	3.480	3.400	3.320	3.240	3.160	3.080	3.000	2.930	2.860	2.790	2.720	2.660	2.600	2.540	2.480	2.420	2.360	2.300	2.240	2.190
Dividend Growth	10.13%	10.39%	10.67%	10.58%	10.49%	10.39%	10.29%	10.15%	10.00%	9.84%	9.68%	9.92%	10.17%	10.44%	10.71%	10.50%	10.28%	10.05%	9.80%	10.05%
Gross Margin	68.59%	68.76%	68.82%	69.07%	69.41%	69.35%	69.76%	69.89%	69.75%	69.44%	68.92%	68.45%	68.16%	68.26%	68.40%	68.73%	68.83%	68.86%	68.93%	68.38%
Operating Margin	46.67%	46.27%	45.62%	45.23%	44.96%	44.49%	44.64%	44.70%	44.17%	43.01%	41.77%	40.85%	40.58%	41.69%	42.06%	42.56%	42.52%	42.14%	41.59%	40.15%
Profit Margin	39.04%	35.71%	36.15%	35.79%	35.43%	35.61%	35.96%	36.43%	36.27%	35.31%	34.15%	33.25%	33.05%	34.37%	36.69%	37.63%	38.50%	38.52%	36.45%	35.02%
FCF Margin	25.34%	26.55%	25.42%	25.69%	26.75%	28.59%	30.22%	29.83%	29.64%	28.96%	28.07%	27.65%	29.21%	31.19%	32.86%	33.05%	32.82%	34.28%	33.39%	33.62%
EBITDA	184,761	174,608	161,521	150,300	143,168	138,839	131,720	125,543	117,836	108,892	102,384	98,769	97,005	98,701	97,843	95,769	91,616	86,531	81,602	76,074
EBITDA Margin	60.49%	59.43%	57.33%	55.66%	54.69%	54.62%	53.74%	53.06%	51.78%	49.88%	48.31%	47.58%	47.53%	48.60%	49.35%	49.74%	49.55%	49.10%	48.55%	47.56%
EBIT	142,559	135,937	128,528	122,130	117,711	113,090	109,433	105,762	100,533	93,900	88,523	84,803	82,815	84,663	83,383	81,944	78,628	74,278	69,916	64,228
EBIT Margin	46.67%	46.27%	45.62%	45.23%	44.96%	44.49%	44.64%	44.70%	44.17%	43.01%	41.77%	40.85%	40.58%	41.69%	42.06%	42.56%	42.52%	42.14%	41.59%	40.15%
Effective Tax Rate	18.61%	17.82%	17.63%	18.29%	18.36%	18.29%	18.23%	18.13%	18.45%	18.87%	18.98%	18.87%	18.33%	17.67%	13.11%	12.32%	10.66%	10.09%	13.83%	13.98%

Updated Jan 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q