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Microsoft Corporation (MSFT) FY2026 Financial Statements: Revenue $331.84B, Net income $133.75B

CIK 0000789019 · Nasdaq · Latest period: FY2026 (ended 2026-06-30, 10-K accession 0001193125-26-323660) · Next expected filing: 10-Q ~2026-10-28

More for Microsoft: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodFY2026

Published

Microsoft reported $331.84 billion in revenue for FY2026, the fiscal year ended June 30, 2026, up 17.8% from a year earlier on growth in Azure and the rest of its commercial cloud. Operating income was $155.24 billion, up 20.8%, while net income of $133.75 billion and diluted earnings per share of $17.95 grew faster still, up 31.3% and up 31.6%, helped by net gains on Microsoft's investment in OpenAI in a year that followed net losses on that stake. Free cash flow was $66.99 billion, down 6.5%, as record capital spending on AI datacenters absorbed most of a sharply higher operating cash flow.

MetricAmountvs. year ago
Revenue$331,839,000,000up 17.8%
Net income$133,749,000,000up 31.3%
Diluted EPS$17.95up 31.6%
Operating income$155,237,000,000up 20.8%
Free cash flow$66,987,000,000down 6.5%

About this file

TickerMSFT
CIK0000789019
CompanyMicrosoft Corporation
Business typetechnology (software, cloud services and devices)
Schema templatestandard operating company
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions)

MSFT annual income statement, balance sheet and cash flow

FY2026FY2025FY2024FY2023
Fiscal year2026202520242023
Period start2025-07-012024-07-012023-07-012022-07-01
Period end2026-06-302025-06-302024-06-302023-06-30
Source accession0001193125-26-3236600001193125-26-3236600001193125-26-3236600000950170-25-100235
Source form10-K10-K10-K10-K
Income statement
Product revenue64,696,000,00063,946,000,00064,773,000,00064,699,000,000
Service and other revenue267,143,000,000217,778,000,000180,349,000,000147,216,000,000
Total revenue331,839,000,000281,724,000,000245,122,000,000211,915,000,000
Cost of revenue product12,098,000,00013,501,000,00015,272,000,00017,804,000,000
Cost of revenue service and other94,276,000,00074,330,000,00058,842,000,00048,059,000,000
Total cost of revenue106,374,000,00087,831,000,00074,114,000,00065,863,000,000
Gross margin225,465,000,000193,893,000,000171,008,000,000146,052,000,000
Research and development35,562,000,00032,488,000,00029,510,000,00027,195,000,000
Sales and marketing26,710,000,00025,654,000,00024,456,000,00022,759,000,000
General and administrative7,956,000,0007,223,000,0007,609,000,0007,575,000,000
Total operating expenses70,228,000,00065,365,000,00061,575,000,00057,529,000,000
Operating income155,237,000,000128,528,000,000109,433,000,00088,523,000,000
Other income expense net10,697,000,000-4,901,000,000-1,646,000,000788,000,000
Income before income taxes165,934,000,000123,627,000,000107,787,000,00089,311,000,000
Provision for income taxes32,185,000,00021,795,000,00019,651,000,00016,950,000,000
Net income133,749,000,000101,832,000,00088,136,000,00072,361,000,000
Earnings per share basic18.013.711.869.72
Earnings per share diluted17.9513.6411.89.68
Weighted average shares basic7,429,000,0007,433,000,0007,431,000,0007,446,000,000
Weighted average shares diluted7,453,000,0007,465,000,0007,469,000,0007,472,000,000
Operating margin %46.8%45.6%44.6%41.8%
Gross margin %67.9%68.8%69.8%68.9%
Net margin %40.3%36.1%36.0%34.1%
Balance sheet
Cash and cash equivalents20,935,000,00030,242,000,00018,315,000,00034,704,000,000
Short term investments55,908,000,00064,323,000,00057,228,000,000
Total cash cash equivalents and short term investments76,843,000,00094,565,000,00075,543,000,000
Accounts receivable net80,876,000,00069,905,000,00056,924,000,000
Inventories1,397,000,000938,000,0001,246,000,000
Other current assets48,594,000,00025,723,000,00026,021,000,000
Total current assets207,710,000,000191,131,000,000159,734,000,000
Property and equipment net313,076,000,000204,966,000,000135,591,000,000
Operating lease right of use assets24,177,000,00024,823,000,00018,961,000,000
Equity and other investments36,348,000,00015,405,000,00014,600,000,000
Goodwill119,651,000,000119,509,000,000119,220,000,000
Intangible assets net18,609,000,00022,604,000,00027,597,000,000
Other long term assets38,805,000,00040,565,000,00036,460,000,000
Total assets758,376,000,000619,003,000,000512,163,000,000
Accounts payable42,416,000,00027,724,000,00021,996,000,000
Short term debt006,693,000,000
Current portion of long term debt9,227,000,0002,999,000,0002,249,000,000
Accrued compensation14,945,000,00013,709,000,00012,564,000,000
Short term income taxes2,534,000,0007,211,000,0005,017,000,000
Short term unearned revenue72,965,000,00064,555,000,00057,582,000,000
Other current liabilities26,738,000,00025,020,000,00019,185,000,000
Total current liabilities168,825,000,000141,218,000,000125,286,000,000
Long term debt31,067,000,00040,152,000,00042,688,000,000
Long term income taxes28,647,000,00025,986,000,00027,931,000,000
Long term unearned revenue2,747,000,0002,710,000,0002,602,000,000
Deferred income taxes3,054,000,0002,835,000,0002,618,000,000
Operating lease liabilities noncurrent16,532,000,00017,437,000,00015,497,000,000
Other long term liabilities65,117,000,00045,186,000,00027,064,000,000
Total liabilities315,989,000,000275,524,000,000243,686,000,000
Common stock and paid in capital117,406,000,000109,095,000,000100,923,000,000
Retained earnings328,265,000,000237,731,000,000173,144,000,000
Accumulated other comprehensive loss-3,284,000,000-3,347,000,000-5,590,000,000
Total stockholders equity442,387,000,000343,479,000,000268,477,000,000206,223,000,000
Total borrowings short term debt plus all long term debt40,294,000,00043,151,000,00051,630,000,000
Total operating lease liabilities21,925,000,00022,861,000,00019,077,000,000
Total finance lease liabilities66,594,000,00046,172,000,00027,145,000,000
Shares outstanding at period end7,427,000,0007,434,000,0007,434,000,0007,432,000,000
Cash flow
Net income133,749,000,000101,832,000,00088,136,000,00072,361,000,000
Depreciation amortization and other38,534,000,00029,433,000,00020,958,000,00013,861,000,000
Stock based compensation expense12,405,000,00011,974,000,00010,734,000,0009,611,000,000
Net recognized losses on investments and derivatives-11,047,000,0005,329,000,0001,634,000,000196,000,000
Deferred income taxes14,189,000,000-7,056,000,000-4,738,000,000-6,059,000,000
Net cash from operations182,935,000,000136,162,000,000118,548,000,00087,582,000,000
Additions to property and equipment-115,948,000,000-64,551,000,000-44,477,000,000-28,107,000,000
Acquisitions net of cash and purchases of intangible and other assets-1,743,000,000-5,978,000,000-69,132,000,000-1,670,000,000
Purchases of investments-58,351,000,000-29,775,000,000-17,732,000,000-37,651,000,000
Maturities of investments34,605,000,00016,079,000,00024,775,000,00033,510,000,000
Sales of investments21,798,000,0009,309,000,00010,894,000,00014,354,000,000
Investing other net-19,861,000,0002,317,000,000-1,298,000,000-3,116,000,000
Net cash used in investing-139,500,000,000-72,599,000,000-96,970,000,000-22,680,000,000
Proceeds from issuance repayments of debt maturities 90 days or less net0-5,746,000,0005,250,000,0000
Proceeds from issuance of debt0024,395,000,0000
Repayments of debt-3,000,000,000-3,216,000,000-29,070,000,000-2,750,000,000
Common stock issued2,009,000,0002,056,000,0002,002,000,0001,866,000,000
Common stock repurchased-22,271,000,000-18,420,000,000-17,254,000,000-22,245,000,000
Common stock cash dividends paid-26,445,000,000-24,082,000,000-21,771,000,000-19,800,000,000
Financing other net-2,839,000,000-2,291,000,000-1,309,000,000-1,006,000,000
Net cash used in financing-52,546,000,000-51,699,000,000-37,757,000,000-43,935,000,000
Free cash flow operating cash flow less additions to property and equipment66,987,000,00071,611,000,00074,071,000,00059,475,000,000
Dividends
Cash dividends declared per common share3.643.323.02.72
Cash dividends declared total27,035,000,00024,676,000,00022,295,000,00020,226,000,000
Cash dividends paid total26,445,000,00024,082,000,00021,771,000,00019,800,000,000
Segments
1.
SegmentProductivity and Business ProcessesProductivity and Business ProcessesProductivity and Business ProcessesProductivity and Business Processes
Revenue139,996,000,000120,810,000,000106,820,000,00094,151,000,000
Cost of revenue25,017,000,00022,422,000,00019,611,000,00017,202,000,000
Operating expenses31,100,000,00028,615,000,00027,548,000,00026,875,000,000
Operating income83,879,000,00069,773,000,00059,661,000,00050,074,000,000
Operating margin %59.9%57.8%55.9%53.2%
2.
SegmentIntelligent CloudIntelligent CloudIntelligent CloudIntelligent Cloud
Revenue137,791,000,000106,265,000,00087,464,000,00072,944,000,000
Cost of revenue57,876,000,00040,171,000,00029,611,000,00024,109,000,000
Operating expenses22,943,000,00021,505,000,00020,040,000,00020,424,000,000
Operating income56,972,000,00044,589,000,00037,813,000,00028,411,000,000
Operating margin %41.3%42.0%43.2%38.9%
3.
SegmentMore Personal ComputingMore Personal ComputingMore Personal ComputingMore Personal Computing
Revenue54,052,000,00054,649,000,00050,838,000,00044,820,000,000
Cost of revenue23,481,000,00025,238,000,00024,892,000,00024,552,000,000
Operating expenses16,185,000,00015,245,000,00013,987,000,00010,230,000,000
Operating income14,386,000,00014,166,000,00011,959,000,00010,038,000,000
Operating margin %26.6%25.9%23.5%22.4%
4.
SegmentTotalTotalTotalTotal
Revenue331,839,000,000281,724,000,000245,122,000,000211,915,000,000
Cost of revenue106,374,000,00087,831,000,00074,114,000,00065,863,000,000
Operating expenses70,228,000,00065,365,000,00061,575,000,00057,529,000,000
Operating income155,237,000,000128,528,000,000109,433,000,00088,523,000,000
Operating margin %46.8%45.6%44.6%41.8%
Revenue by product and service
Server products and cloud services129,425,000,00098,435,000,00079,828,000,00065,007,000,000
Microsoft 365 commercial products and cloud services101,997,000,00087,767,000,00076,969,000,00066,949,000,000
Xbox21,790,000,00023,455,000,00021,503,000,000
Linkedin19,817,000,00017,812,000,00016,372,000,00014,989,000,000
Windows and devices17,084,000,00017,314,000,00017,026,000,00017,147,000,000
Search advertising15,176,000,00013,878,000,00012,306,000,000
Microsoft 365 consumer products and cloud services9,175,000,0007,404,000,0006,648,000,0006,417,000,000
Dynamics products and cloud services9,006,000,0007,827,000,0006,831,000,0005,796,000,000
Enterprise and partner services8,260,000,0007,760,000,0007,594,000,0007,900,000,000
Other109,000,00072,000,00045,000,000119,000,000
Gaming15,466,000,000
Search and news advertising12,125,000,000
Revenue by geography
United states170,794,000,000144,546,000,000124,704,000,000106,744,000,000
Other countries161,045,000,000137,178,000,000120,418,000,000105,171,000,000
Total331,839,000,000281,724,000,000245,122,000,000211,915,000,000
Microsoft cloud revenue approximate214,400,000,000168,900,000,000137,700,000,000111,600,000,000
Source noteComparative prior-year columns of the FY2026 10-K. This period is republished because the FY2026 10-K recast two lines of the fiscal 2025 cash flow statement; every other figure shown here was re-checked against the FY2026 10-K and is unchanged.Comparative third-year columns of the FY2026 10-K. This period is republished because the FY2026 10-K recast two lines of the fiscal 2024 cash flow statement; every other income statement, segment and revenue figure shown here was re-checked against the FY2026 10-K and is unchanged. The FY2026 10-K's balance sheets cover only June 30, 2026 and June 30, 2025, so the June 30, 2024 balance sheet below and the fiscal 2024 total dividends declared are carried from the FY2025 10-K (accession 0000950170-25-100235), which is where they were originally reported.Comparative third-year columns of the FY2025 10-K. The 10-K's income, cash flow and stockholders' equity statements cover three years; the balance sheet covers only two, so no full FY2023 balance sheet is presented here.

MSFT quarterly income statement, balance sheet and cash flow

Three months ended June 30, 2026 (fiscal 2026 fourth quarter)Three months ended March 31, 2026 (fiscal 2026 third quarter)Three months ended March 31, 2025 (prior-year comparative)
LabelThree months ended June 30, 2026 (fiscal 2026 fourth quarter)Three months ended March 31, 2026 (fiscal 2026 third quarter)Three months ended March 31, 2025 (prior-year comparative)
Period typethree_monthsthree_monthsthree_months
Fiscal year202620262025
Period start2026-04-012026-01-012025-01-01
Period end2026-06-302026-03-312025-03-31
Source accession0001193125-26-3236320001193125-26-1915070001193125-26-191507
Source form8-K10-Q10-Q
Source noteExhibit 99.1 to the Form 8-K filed July 29, 2026 - Microsoft's fourth-quarter and full-year fiscal 2026 earnings release - which presents unaudited three-month and twelve-month columns for the periods ended June 30, 2026. Its twelve-month columns agree line for line with the audited FY2026 10-K.
Income statement
Product revenue17,234,000,00015,089,000,00015,319,000,000
Service and other revenue72,773,000,00067,797,000,00054,747,000,000
Total revenue90,007,000,00082,886,000,00070,066,000,000
Cost of revenue product2,938,000,0002,733,000,0003,037,000,000
Cost of revenue service and other26,587,000,00024,095,000,00018,882,000,000
Total cost of revenue29,525,000,00026,828,000,00021,919,000,000
Gross margin60,482,000,00056,058,000,00048,147,000,000
Research and development9,997,000,0008,915,000,0008,198,000,000
Sales and marketing7,595,000,0006,814,000,0006,212,000,000
General and administrative2,287,000,0001,931,000,0001,737,000,000
Total operating expenses19,879,000,00017,660,000,00016,147,000,000
Operating income40,603,000,00038,398,000,00032,000,000,000
Other income expense net3,444,000,000942,000,000-623,000,000
Income before income taxes44,047,000,00039,340,000,00031,377,000,000
Provision for income taxes8,281,000,0007,562,000,0005,553,000,000
Net income35,766,000,00031,778,000,00025,824,000,000
Earnings per share basic4.824.283.47
Earnings per share diluted4.814.273.46
Weighted average shares basic7,427,000,0007,426,000,0007,434,000,000
Weighted average shares diluted7,443,000,0007,445,000,0007,461,000,000
Operating margin %45.1%46.3%45.7%
Gross margin %67.2%67.6%68.7%
Net margin %39.7%38.3%36.9%
Cash flow
Net income35,766,000,00031,778,000,00025,824,000,000
Depreciation amortization and other11,022,000,00010,167,000,0007,734,000,000
Stock based compensation expense3,122,000,0003,081,000,0002,980,000,000
Net recognized gains on investments and derivatives3,743,000,0001,280,000,000
Deferred income taxes4,650,000,0002,602,000,000-2,244,000,000
Net cash from operations55,441,000,00046,679,000,00037,044,000,000
Additions to property and equipment-35,802,000,000-30,876,000,000-16,745,000,000
Acquisitions net of cash and purchases of intangible and other assets-452,000,000-258,000,000-981,000,000
Purchases of investments-18,829,000,000-12,006,000,000-4,474,000,000
Maturities of investments4,181,000,00011,976,000,0006,721,000,000
Sales of investments6,487,000,0006,358,000,0002,161,000,000
Investing other net-10,416,000,000-2,599,000,000604,000,000
Net cash used in investing-54,831,000,000-27,405,000,000-12,714,000,000
Repayments of debt00-2,250,000,000
Common stock issued520,000,000541,000,000546,000,000
Common stock repurchased-4,579,000,000-4,627,000,000-4,781,000,000
Common stock cash dividends paid-6,758,000,000-6,756,000,000-6,169,000,000
Financing other net-962,000,000-509,000,000-382,000,000
Net cash used in financing-11,779,000,000-11,351,000,000-13,036,000,000
Free cash flow operating cash flow less additions to property and equipment19,639,000,00015,803,000,00020,299,000,000
Net recognized losses on investments and derivatives708,000,000
Repayments of debt maturities 90 days or less0
Segments
1.
SegmentProductivity and Business ProcessesProductivity and Business ProcessesProductivity and Business Processes
Revenue37,847,000,00035,013,000,00029,944,000,000
Cost of revenue6,989,000,0006,197,000,0005,517,000,000
Operating expenses8,958,000,0007,843,000,0007,048,000,000
Operating income21,900,000,00020,973,000,00017,379,000,000
Operating margin %57.9%59.9%58.0%
2.
SegmentIntelligent CloudIntelligent CloudIntelligent Cloud
Revenue39,306,000,00034,681,000,00026,751,000,000
Cost of revenue16,876,000,00015,120,000,00010,307,000,000
Operating expenses6,475,000,0005,808,000,0005,349,000,000
Operating income15,955,000,00013,753,000,00011,095,000,000
Operating margin %40.6%39.7%41.5%
3.
SegmentMore Personal ComputingMore Personal ComputingMore Personal Computing
Revenue12,854,000,00013,192,000,00013,371,000,000
Cost of revenue5,660,000,0005,511,000,0006,095,000,000
Operating expenses4,446,000,0004,009,000,0003,750,000,000
Operating income2,748,000,0003,672,000,0003,526,000,000
Operating margin %21.4%27.8%26.4%
4.
SegmentTotalTotalTotal
Revenue90,007,000,00082,886,000,00070,066,000,000
Cost of revenue29,525,000,00026,828,000,00021,919,000,000
Operating expenses19,879,000,00017,660,000,00016,147,000,000
Operating income40,603,000,00038,398,000,00032,000,000,000
Operating margin %45.1%46.3%45.7%
Dividends
Cash dividends declared per common share0.910.910.83
Cash dividends declared total6,759,000,0006,760,000,0006,169,000,000
Cash dividends paid total6,758,000,0006,756,000,0006,169,000,000
Effective tax rate %18.8%19.0%18.0%
Revenue by product and service
Server products and cloud services32,592,000,00024,761,000,000
Microsoft 365 commercial products and cloud services25,593,000,00021,883,000,000
Gaming5,341,000,0005,721,000,000
Linkedin4,832,000,0004,311,000,000
Windows and devices4,041,000,0004,144,000,000
Search advertising3,808,000,0003,504,000,000
Microsoft 365 consumer products and cloud services2,297,000,0001,821,000,000
Dynamics products and cloud services2,292,000,0001,929,000,000
Enterprise and partner services2,087,000,0001,946,000,000
Other3,000,00046,000,000
Revenue by geography
United states42,336,000,00036,084,000,000
Other countries40,550,000,00033,982,000,000
Total82,886,000,00070,066,000,000
Microsoft cloud revenue approximate54,500,000,00042,400,000,000

MSFT year-to-date income statement and cash flow

Nine months ended March 31, 2026 (fiscal 2026 year to date)
LabelNine months ended March 31, 2026 (fiscal 2026 year to date)
Period typenine_months
Fiscal year2026
Period start2025-07-01
Period end2026-03-31
Source accession0001193125-26-191507
Source form10-Q
Income statement
Product revenue47,462,000,000
Service and other revenue194,370,000,000
Total revenue241,832,000,000
Cost of revenue product9,160,000,000
Cost of revenue service and other67,689,000,000
Total cost of revenue76,849,000,000
Gross margin164,983,000,000
Research and development25,565,000,000
Sales and marketing19,115,000,000
General and administrative5,669,000,000
Total operating expenses50,349,000,000
Operating income114,634,000,000
Other income expense net7,253,000,000
Income before income taxes121,887,000,000
Provision for income taxes23,904,000,000
Net income97,983,000,000
Earnings per share basic13.19
Earnings per share diluted13.14
Weighted average shares basic7,430,000,000
Weighted average shares diluted7,457,000,000
Operating margin %47.4%
Gross margin %68.2%
Net margin %40.5%
Cash flow
Net income97,983,000,000
Depreciation amortization and other27,512,000,000
Stock based compensation expense9,283,000,000
Net recognized gains on investments and derivatives7,304,000,000
Deferred income taxes9,539,000,000
Net cash from operations127,494,000,000
Additions to property and equipment-80,146,000,000
Acquisitions net of cash and purchases of intangible and other assets-1,291,000,000
Purchases of investments-39,522,000,000
Maturities of investments30,424,000,000
Sales of investments15,311,000,000
Investing other net-9,445,000,000
Net cash used in investing-84,669,000,000
Repayments of debt-3,000,000,000
Common stock issued1,489,000,000
Common stock repurchased-17,692,000,000
Common stock cash dividends paid-19,687,000,000
Financing other net-1,877,000,000
Net cash used in financing-40,767,000,000
Free cash flow operating cash flow less additions to property and equipment47,348,000,000
Segments
1.
SegmentProductivity and Business Processes
Revenue102,149,000,000
Cost of revenue18,028,000,000
Operating expenses22,142,000,000
Operating income61,979,000,000
Operating margin %60.7%
2.
SegmentIntelligent Cloud
Revenue98,485,000,000
Cost of revenue41,000,000,000
Operating expenses16,468,000,000
Operating income41,017,000,000
Operating margin %41.6%
3.
SegmentMore Personal Computing
Revenue41,198,000,000
Cost of revenue17,821,000,000
Operating expenses11,739,000,000
Operating income11,638,000,000
Operating margin %28.2%
4.
SegmentTotal
Revenue241,832,000,000
Cost of revenue76,849,000,000
Operating expenses50,349,000,000
Operating income114,634,000,000
Operating margin %47.4%
Revenue by product and service
Server products and cloud services92,329,000,000
Microsoft 365 commercial products and cloud services74,083,000,000
Gaming16,807,000,000
Linkedin14,628,000,000
Windows and devices13,071,000,000
Search advertising11,317,000,000
Microsoft 365 consumer products and cloud services6,806,000,000
Dynamics products and cloud services6,632,000,000
Enterprise and partner services6,147,000,000
Other12,000,000
Revenue by geography
United states123,823,000,000
Other countries118,009,000,000
Total241,832,000,000
Microsoft cloud revenue approximate155,100,000,000
Dividends
Cash dividends declared per common share2.73
Cash dividends declared total20,278,000,000
Cash dividends paid total19,687,000,000
Effective tax rate %20.0%
Prior year comparative
LabelNine months ended March 31, 2025 (prior-year comparative)
Period typenine_months
Fiscal year2025
Period start2024-07-01
Period end2025-03-31
Source accession0001193125-26-191507
Source form10-Q
Income statement
Product revenue46,810,000,000
Service and other revenue158,473,000,000
Total revenue205,283,000,000
Cost of revenue product10,187,000,000
Cost of revenue service and other53,630,000,000
Total cost of revenue63,817,000,000
Gross margin141,466,000,000
Research and development23,659,000,000
Sales and marketing18,369,000,000
General and administrative5,233,000,000
Total operating expenses47,261,000,000
Operating income94,205,000,000
Other income expense net-3,194,000,000
Income before income taxes91,011,000,000
Provision for income taxes16,412,000,000
Net income74,599,000,000
Earnings per share basic10.03
Earnings per share diluted9.99
Weighted average shares basic7,434,000,000
Weighted average shares diluted7,466,000,000
Operating margin %45.9%
Gross margin %68.9%
Net margin %36.3%
Cash flow
Net income74,599,000,000
Depreciation amortization and other20,116,000,000
Stock based compensation expense8,901,000,000
Net recognized losses on investments and derivatives3,387,000,000
Deferred income taxes-4,835,000,000
Net cash from operations93,515,000,000
Additions to property and equipment-47,472,000,000
Acquisitions net of cash and purchases of intangible and other assets-4,235,000,000
Purchases of investments-8,144,000,000
Maturities of investments11,461,000,000
Sales of investments6,688,000,000
Investing other net-325,000,000
Net cash used in investing-42,027,000,000
Repayments of debt maturities 90 days or less-5,746,000,000
Repayments of debt-3,216,000,000
Common stock issued1,508,000,000
Common stock repurchased-13,874,000,000
Common stock cash dividends paid-17,913,000,000
Financing other net-1,614,000,000
Net cash used in financing-40,855,000,000
Free cash flow operating cash flow less additions to property and equipment46,043,000,000
Segments
1.
SegmentProductivity and Business Processes
Revenue87,698,000,000
Cost of revenue16,380,000,000
Operating expenses20,538,000,000
Operating income50,780,000,000
Operating margin %57.9%
2.
SegmentIntelligent Cloud
Revenue76,387,000,000
Cost of revenue28,326,000,000
Operating expenses15,612,000,000
Operating income32,449,000,000
Operating margin %42.5%
3.
SegmentMore Personal Computing
Revenue41,198,000,000
Cost of revenue19,111,000,000
Operating expenses11,111,000,000
Operating income10,976,000,000
Operating margin %26.6%
4.
SegmentTotal
Revenue205,283,000,000
Cost of revenue63,817,000,000
Operating expenses47,261,000,000
Operating income94,205,000,000
Operating margin %45.9%
Revenue by product and service
Server products and cloud services70,557,000,000
Microsoft 365 commercial products and cloud services63,449,000,000
Gaming17,923,000,000
Linkedin13,190,000,000
Windows and devices12,985,000,000
Search advertising10,287,000,000
Microsoft 365 consumer products and cloud services5,369,000,000
Dynamics products and cloud services5,691,000,000
Enterprise and partner services5,766,000,000
Other66,000,000
Revenue by geography
United states105,534,000,000
Other countries99,749,000,000
Total205,283,000,000
Microsoft cloud revenue approximate122,200,000,000
Dividends
Cash dividends declared per common share2.49
Cash dividends declared total18,508,000,000
Cash dividends paid total17,913,000,000
Effective tax rate %18.0%

Adjustments

Value
Splits appliednone
ADR ration/a
FXNone. Microsoft reports in U.S. dollars, so no currency conversion was required.

Sources

AccessionFormFiledPeriod endDescription
0001193125-26-32366010-K2026-07-292026-06-30Microsoft Corporation annual report for the fiscal year ended June 30, 2026. Primary source for fiscal 2026, and for the fiscal 2025 and fiscal 2024 comparative columns.
0001193125-26-3236328-K2026-07-292026-06-30Exhibit 99.1, Microsoft's fourth-quarter and full-year fiscal 2026 earnings release. Source for the three months ended June 30, 2026.
0001193125-26-19150710-Q2026-04-292026-03-31Quarterly report for the quarter ended March 31, 2026. Source for the three-month and nine-month fiscal 2026 and fiscal 2025 columns.
0000950170-25-10023510-K2025-07-302025-06-30Annual report for the fiscal year ended June 30, 2025. Source for fiscal 2023, for the June 30, 2024 balance sheet, and for fiscal 2024 total dividends declared.

Notes

  • All figures are stated in actual U.S. dollars. The filings present their statements in millions (and per-share amounts in dollars); those millions have been scaled to whole dollars here, and share counts, which the filings also state in millions, have been scaled the same way.
  • Fiscal 2026 is new this year and comes from the Form 10-K for the year ended June 30, 2026 (accession 0001193125-26-323660), filed July 29, 2026. That 10-K's income statement, cash flow statement and stockholders' equity statement each present three fiscal years (2026, 2025 and 2024); its balance sheets present only June 30, 2026 and June 30, 2025.
  • Restatement honored: the FY2026 10-K states that Microsoft recast certain prior-period amounts on its consolidated cash flow statements to conform to the current presentation. The recast moves amounts between two lines inside the reconciliation of net income to operating cash flow. For fiscal 2025, 'Depreciation, amortization, and other' is now $29.4 billion rather than the $34.2 billion previously reported, and 'Net recognized losses on investments and derivatives' is now $5.3 billion rather than $0.6 billion - a $4.7 billion shift between the two lines. For fiscal 2024 the same shift is $1.3 billion: depreciation, amortization and other is now $21.0 billion rather than $22.3 billion, and net recognized losses on investments and derivatives is now $1.6 billion rather than $0.3 billion. Fiscal 2025 and fiscal 2024 are therefore republished here on the corrected basis; the recast has no effect on the balance sheets, the income statements, or net cash from operations, investing or financing in any year, all of which were re-checked line by line against the FY2026 10-K and are unchanged.
  • The fiscal 2023 cash flow statement is not presented in the FY2026 10-K and so remains on the basis reported in the FY2025 10-K. Its 'depreciation, amortization, and other' and 'net recognized losses on investments and derivatives' lines are therefore not directly comparable with the recast fiscal 2024 through fiscal 2026 figures; total operating cash flow is unaffected.
  • Fiscal 2023 figures come from the FY2025 10-K (accession 0000950170-25-100235). No full fiscal 2023 balance sheet is available because that 10-K presents only two balance sheet dates; only the June 30, 2023 cash balance (from the cash flow statement) and total stockholders' equity of $206.2 billion (from the stockholders' equity statement) are shown. The June 30, 2024 balance sheet and fiscal 2024 total dividends declared likewise come from the FY2025 10-K, since the FY2026 10-K no longer presents them.
  • The fourth quarter of fiscal 2026 (April 1 to June 30, 2026) is taken from Exhibit 99.1 to the Form 8-K filed July 29, 2026 (accession 0001193125-26-323632), Microsoft's fourth-quarter and full-year earnings release, which presents explicit three-month columns for income statement, cash flow and segment results. Those columns are labelled unaudited: a fourth quarter is not itself a separately audited period, and the auditors' opinion covers the full fiscal year rather than any single quarter. As a consistency check, the earnings release's twelve-month columns agree line for line with the audited FY2026 10-K, and the quarter's revenue, operating income, net income, operating cash flow and capital expenditures each equal the full fiscal year less the nine months ended March 31, 2026 reported in the March 2026 Form 10-Q.
  • Revenue trend: total revenue grew from $211.9 billion in fiscal 2023 to $245.1 billion in fiscal 2024, $281.7 billion in fiscal 2025 and $331.8 billion in fiscal 2026 - an 18% increase in the latest year. Operating income rose from $88.5 billion to $109.4 billion, $128.5 billion and $155.2 billion across those four years, with the operating margin widening from 41.8% to 46.8%. Net income reached $133.7 billion in fiscal 2026, helped by a swing in other income (expense), net.
  • Capital intensity has risen sharply. Additions to property and equipment were $28.1 billion in fiscal 2023, $44.5 billion in fiscal 2024, $64.6 billion in fiscal 2025 and $115.9 billion in fiscal 2026 - $35.8 billion in the fourth quarter alone. Free cash flow shown here is net cash from operations less additions to property and equipment; on that basis it was $59.5 billion, $74.1 billion, $71.6 billion and $67.0 billion in fiscal 2023 through fiscal 2026, so operating cash flow growth of 34% in fiscal 2026 was more than absorbed by the capital programme.
  • Free cash flow as presented here deliberately excludes finance lease principal payments, which Microsoft uses heavily for datacenter capacity. Total finance lease liabilities grew from $27.1 billion at June 30, 2024 to $46.2 billion at June 30, 2025 and $66.6 billion at June 30, 2026, and financing cash outflows for finance leases were $3.1 billion in fiscal 2026. The FY2026 10-K also discloses $329.1 billion of additional leases, primarily datacenters, that had been signed but had not yet commenced at June 30, 2026 and that will begin between fiscal 2027 and fiscal 2033. The cash flow statement's capital expenditure line therefore understates the full economic cost of the infrastructure build-out.
  • Debt figures: the balance sheet line 'total borrowings' shown here sums short-term debt (commercial paper), the current portion of long-term debt and long-term debt. That was $51.6 billion at June 30, 2024 (including $6.7 billion of commercial paper), $43.2 billion at June 30, 2025 and $40.3 billion at June 30, 2026, with no commercial paper outstanding at either of the latter two dates. The mix shifted toward the near term in fiscal 2026: $9.2 billion of the total is now the current portion, against $3.0 billion a year earlier. Operating and finance lease liabilities are reported separately and are not included in that borrowings total.
  • Other income (expense), net was a positive $10.7 billion in fiscal 2026 against a negative $4.9 billion in fiscal 2025. The FY2026 10-K states that this includes $6.5 billion of net gains from Microsoft's investments in OpenAI in fiscal 2026 (versus $4.8 billion of net losses in fiscal 2025 and $1.5 billion of net losses in fiscal 2024), primarily a dilution gain from the OpenAI recapitalization. These are non-operating items and do not affect operating income; unrealized gains on equity investments still held added a further $4.4 billion in fiscal 2026.
  • Segment and product-line labels: in August 2024 Microsoft changed the composition of its reportable segments and recast prior-period segment amounts, so the fiscal 2024 and 2023 segment figures shown here are the recast amounts. In the FY2026 10-K two product lines were renamed - 'Gaming' became 'XBOX' and 'Search and news advertising' became 'Search advertising'. The fiscal 2024 through 2026 rows here use the current names; the fiscal 2023 rows keep the older labels the FY2025 10-K used for the same lines, so 'gaming' in fiscal 2023 and 'XBOX' from fiscal 2024 onward describe the same business, as do 'search and news advertising' and 'search advertising'.
  • The March 2026 Form 10-Q likewise stated that certain prior-period amounts on its cash flow statements were recast to conform to the then-current presentation, with no impact on the balance sheets, the income statements, or net cash from operating, investing or financing activities. The nine-months-ended March 31, 2025 cash flow figures shown here are those recast amounts.
  • Microsoft Cloud revenue is disclosed in the filings only to the nearest tenth of a billion dollars ($214.4 billion, $168.9 billion, $137.7 billion and $111.6 billion for fiscal 2026, 2025, 2024 and 2023). The values here reflect that rounding and are labelled as approximate. The earnings release gives only a growth rate (27%) for the fourth quarter, so no dollar figure for Microsoft Cloud is shown for that quarter.
  • Dividends: cash dividends declared per share were $2.72, $3.00, $3.32 and $3.64 for fiscal 2023 through fiscal 2026, with the fiscal 2026 quarterly rate at $0.91. Declared and paid amounts differ within a period because Microsoft's fourth-quarter dividend is declared in June and paid in the following September; the $6.8 billion dividend declared on June 10, 2026 sits in other current liabilities at June 30, 2026.
  • Because Microsoft's fiscal year ended on June 30, 2026, the fiscal-2026 year-to-date view is the full fiscal year, and trailing twelve months as of June 30, 2026 is the same period. Both are the fiscal 2026 column shown above - revenue $331.8 billion, operating income $155.2 billion, net income $133.7 billion, operating cash flow $182.9 billion - so they are not repeated as separate rows.
  • Share count: 7,427 million shares were outstanding at June 30, 2026, down from 7,434 million a year earlier, after 29 million shares issued and 36 million repurchased during the year. The FY2026 10-K's cover page reports 7,425,545,491 shares outstanding as of July 23, 2026. Microsoft repurchased $16.7 billion of stock under its buyback programmes during fiscal 2026 plus $5.6 billion of shares withheld to settle employee tax obligations on vesting awards, and $40.6 billion remained of the $60.0 billion programme authorized in September 2024.

Uncertainties

  • The three months ended June 30, 2026 shown in the quarterly section is taken from Microsoft's earnings release, where those columns are marked unaudited. A fourth quarter is not a separately audited period, and readers should treat it accordingly even though it reconciles exactly to the audited full year less the reviewed nine-month figures.
  • Fiscal 2025 total dividends declared is reported here as $24,676 million, the figure in the FY2026 10-K's dividend note. The FY2025 10-K's dividend note gave $24,678 million and the FY2026 10-K's stockholders' equity statement charges $24,677 million to retained earnings. The differences of $1 million to $2 million arise because the dividend note totals individually rounded quarterly declarations while the equity statement carries the amount actually charged to retained earnings; the more recent filing's figure is used.
  • Fiscal 2024 total dividends declared ($22,295 million) is taken from the FY2025 10-K's dividend note, because the FY2026 10-K's dividend note covers only fiscal 2026 and 2025. The FY2026 10-K's stockholders' equity statement charges $22,293 million to retained earnings for that year, a $2 million difference on the same rounding basis described above. Fiscal 2023 total dividends declared ($20,226 million) comes from the FY2025 10-K's stockholders' equity statement and so is on the retained-earnings basis rather than the dividend-note basis.
  • The fiscal 2023 cash flow statement is presented on the pre-recast basis, since no filing in this compilation restates it. Comparing its 'depreciation, amortization, and other' and 'net recognized losses on investments and derivatives' lines with fiscal 2024 through 2026 is not like for like.
  • No full balance sheet is available for June 30, 2023, because the FY2025 10-K presents only two balance sheet dates. Only cash and cash equivalents and total stockholders' equity are reported for that date. The June 30, 2024 balance sheet is likewise carried from the FY2025 10-K rather than re-read from the FY2026 10-K, which no longer presents it.
  • Revenue by product and service, revenue by geography and Microsoft Cloud revenue are annual disclosures in the 10-K, and the earnings release does not break them out for the quarter, so they are not shown for the three months ended June 30, 2026.
  • Microsoft Cloud revenue figures carry the filings' own rounding to the nearest $0.1 billion and should not be treated as exact.
  • More Personal Computing segment revenue for the nine months ended March 31, 2026 and for the nine months ended March 31, 2025 is $41,198 million in both periods. This identical figure is what the March 2026 10-Q prints, and it is consistent with the segment columns summing to consolidated revenue in both periods; it is flagged here only because an exact match across two years is unusual. For the full fiscal years the two figures do differ ($54,052 million in fiscal 2026 against $54,649 million in fiscal 2025).
  • Quarterly figures for the first and second quarters of fiscal 2026 individually are not reported here; the March 2026 10-Q's columns cover the three months ended March 31, 2026 and the nine months then ended, neither of which isolates an earlier quarter, and the earlier fiscal 2026 quarterly reports were outside the scope of this compilation. The nine months ended March 31, 2026 and the three months ended June 30, 2026 together cover the full fiscal year.

Company details

Value
NameMicrosoft Corp
TickerMSFT
CIK0000789019
ExchangeNasdaq
StateWashington
IncorporationWashington
SIC7372
OfficeTechnology
IndustryServices-Prepackaged Software

Fiscal period

FY2026
Fiscal year2026
Fiscal periodFY
TagFY26
Period end2026-06-30
Form10-K
Accession0001193125-26-323660
Fiscal year end0630
Sourcefacts

FAQ · Microsoft financial statements

How much revenue did Microsoft report in FY2026?

Microsoft reported $331.84 billion in revenue for FY2026, the fiscal year ended June 30, 2026. That is up 17.8% from $281.72 billion a year earlier.

What were Microsoft's net income and earnings per share in FY2026?

Microsoft earned $133.75 billion in net income in FY2026, up 31.3% from $101.83 billion a year earlier, and diluted earnings per share of $17.95 against $13.64.

Why did Microsoft's profit grow faster than its revenue in FY2026?

Microsoft's operating income was $155.24 billion in FY2026, up 20.8% from $128.53 billion, while net income was $133.75 billion, up 31.3%. The wider gain in net income came partly from outside the operating business, mainly net gains on Microsoft's investment in OpenAI in a year that followed net losses on that stake.

What was Microsoft's free cash flow in FY2026?

Microsoft generated $66.99 billion of free cash flow in FY2026, down 6.5% from $71.61 billion a year earlier, because additions to property and equipment for AI and cloud datacenters grew faster than cash from operations.

Where can I get Microsoft Corporation (MSFT) financial data in machine-readable form?

Ticker Scout publishes Microsoft Corporation's financial statements as JSON at https://tickerscout.ai/msft/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/msft/narrative.md and https://tickerscout.ai/msft/events.md. Microsoft Corporation's SEC CIK is 0000789019. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Microsoft Corporation (MSFT) next file with the SEC?

Microsoft Corporation (MSFT) is expected to file its next Form 10-Q with the SEC on or around October 28, 2026. That date is a projection rather than a company-announced date: it is derived from Microsoft Corporation's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-K for FY2026, the period ended 2026-06-30, SEC accession 0001193125-26-323660.

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How this page was built

This page was built from four of Microsoft Corporation's own filings with the SEC, two Forms 10-K, one Form 10-Q and one Form 8-K, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names nine such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer

Built from Microsoft Corporation's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.