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	318,273	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
Revenue Growth (YoY)	17.88%	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%
Cost of Revenue	100,863	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
Gross Profit	217,410	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
Selling, General & Admin	34,059	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
Research & Development	34,394	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
Total Operating Expenses	68,453	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
Operating Income	148,957	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
Total Non-Operating Income (Expense)	5,546	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
Pretax Income	154,503	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
Provision for Income Taxes	29,287	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
Net Income	125,216	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
Net Income to Common	125,216	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
Net Income Growth	29.58%	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%
Shares Outstanding (Basic)	7,431	7,433	7,434	7,433	7,437	7,436	7,435	7,431	7,432	7,434	7,439	7,446	7,456	7,469	7,482	7,496	7,510	7,521	7,534	7,547
Shares Outstanding (Diluted)	7,458	7,462	7,464	7,465	7,473	7,476	7,476	7,469	7,467	7,465	7,467	7,472	7,482	7,500	7,520	7,540	7,559	7,575	7,590	7,608
Shares Change (YoY)	-0.20%	-0.18%	-0.16%	-0.05%	0.08%	0.14%	0.12%	-0.04%	-0.20%	-0.46%	-0.71%	-0.90%	-1.02%	-1.00%	-0.93%	-0.89%	-0.86%	-0.91%	-0.95%	-0.98%
EPS (Basic)	16.85	16.04	14.10	13.70	12.99	12.47	12.17	11.86	11.59	11.10	10.36	9.72	9.25	9.02	9.32	9.70	9.65	9.47	9.02	8.12
EPS (Diluted)	16.80	15.99	14.06	13.64	12.94	12.42	12.12	11.80	11.55	11.06	10.33	9.68	9.23	9.00	9.28	9.65	9.58	9.39	8.94	8.05
EPS Growth	29.83%	28.74%	16.01%	15.59%	12.04%	12.30%	17.33%	21.90%	25.14%	22.89%	11.31%	0.31%	-3.65%	-4.15%	3.80%	19.88%	30.52%	39.94%	44.43%	39.76%
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	72,916	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
Free Cash Flow Growth	5.12%	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%
Free Cash Flow Per Share	9.78	10.37	10.45	9.59	9.28	9.37	9.72	9.92	9.45	9.03	8.47	7.96	7.67	7.95	8.42	8.64	8.42	8.01	7.96	7.38
Dividends Per Share	3.560	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
Dividend Growth	9.88%	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%
Gross Margin	68.31%	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%
Operating Margin	46.80%	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%
Profit Margin	39.34%	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%
FCF Margin	22.91%	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%
EBITDA	192,586	183,755	173,602	162,681	149,294	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
EBITDA Margin	60.51%	60.16%	59.09%	57.74%	55.29%	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%
EBIT	148,957	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
EBIT Margin	46.80%	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%
Effective Tax Rate	18.96%	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%

SEC Filings: 10-K · 10-Q