Microsoft Corporation MSFT

516.17 18.24 3.66% as of 25 Sep
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$3.68T
P/E
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Microsoft Corporation (MSFT) Operating margin

Microsoft Corporation's operating margin over the twelve months to 30 June 2026 was 46.8%. Over the past ten years it has ranged from 19.4% (fiscal 2015) to 46.8% (fiscal 2026) — the current reading is the highest in ten years. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.08%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2026 46.8% 1.16
FY2025 45.6% 0.98
FY2024 44.6% 2.87
FY2023 41.8% (0.29)
FY2022 42.1% 0.47
FY2021 41.6% 4.56
FY2020 37.0% 2.89
FY2019 34.1% 2.37
FY2018 31.8% 1.71
FY2017 30.1% 1.45

Quarterly

Period Operating margin Change (points)
Jun 2026 45.1% (1.22)
Mar 2026 46.3% (0.76)
Dec 2025 47.1% (1.78)
Sep 2025 48.9% 3.97
42 more quarters

Against its own ten years

Low 19.4% High 46.8%
Ten-year median 39.3%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
MSFT Microsoft Corporation 46.8%
PLTR Palantir Technologies Inc. compare 42.8%
FTNT Fortinet, Inc. compare 32.4%
ORCL Oracle Corporation compare 32.1%
SNPS Synopsys, Inc. compare 8.52%
PANW Palo Alto Networks, Inc. compare 6.05%
CRWD CrowdStrike compare −2.46%
NET Cloudflare, Inc. compare −14.1%
NBIS Nebius Group N.V. compare −50.5%
Software Infrastructure industry median 0.00%
Technology sector median 0.08%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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