Microsoft Corporation financials

Key figures from Microsoft Corporation's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricSep 2026Sep 2025Change
Revenue$92.3B$77.7B+18.8%
Net income$36.6B$27.7B+32.0%
Free cash flow$18.6B$25.7B-27.4%
Gross margin67.8%69.0%-1.3 pts
Operating margin49.8%48.9%+0.9 pts
Net margin39.7%35.7%+4.0 pts

Quarterly trend

Revenue by quarter
$62.0BDec 2023$61.9BMar 2024$64.7BJun 2024*$65.6BSep 2024$69.6BDec 2024$70.1BMar 2025$76.4BJun 2025*$77.7BSep 2025$81.3BDec 2025$82.9BMar 2026$90.0BJun 2026*$92.3BSep 2026
Net income by quarter
$21.9BDec 2023$21.9BMar 2024$22.0BJun 2024*$24.7BSep 2024$24.1BDec 2024$25.8BMar 2025$27.2BJun 2025*$27.7BSep 2025$38.5BDec 2025$31.8BMar 2026$35.8BJun 2026*$36.6BSep 2026
Free cash flow by quarter
$9.1BDec 2023$21.0BMar 2024$23.3BJun 2024*$19.3BSep 2024$6.5BDec 2024$20.3BMar 2025$25.6BJun 2025*$25.7BSep 2025$5.9BDec 2025$15.8BMar 2026$19.6BJun 2026*$18.6BSep 2026
Margins by quarter
29%52%75%Dec 2023Mar 2024Jun 2024*Sep 2024Dec 2024Mar 2025Jun 2025*Sep 2025Dec 2025Mar 2026Jun 2026*Sep 202668.4%70.1%69.6%69.4%68.7%68.7%68.6%69.0%68.0%67.6%67.2%67.8%43.6%44.6%43.1%46.6%45.5%45.7%44.9%48.9%47.1%46.3%45.1%49.8%35.3%35.5%34.0%37.6%34.6%36.9%35.6%35.7%47.3%38.3%39.7%39.7%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Jun 2026$331.8B$133.7B40.3%$67.0B$17.95
FY Jun 2025$281.7B$101.8B36.1%$71.6B$13.64
FY Jun 2024$245.1B$88.1B36.0%$74.1B$11.80
FY Jun 2023$211.9B$72.4B34.1%$59.5B$9.68
FY Jun 2022$198.3B$72.7B36.7%$65.1B$9.65

MSFT revenue breakdown: segments, products, and regions →

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.