Microsoft Corporation

MSFT Technology Software Infrastructure

Microsoft Corporation’s revenue for fiscal 2026 (year ended June 2026) was $331.8 billion, up 17.8% from fiscal 2025.

Revenue
+18.8%
EPS
+32.2%
Free cash flow
−27.4%
Total debt
−17.9%

Quarter to September 2026, against a year earlier

536.92 0.99 +0.18%
Market cap
$3.98T
P/E
28.0×
Fwd P/E
26.2×
Dividend yield
0.68%
F-score
6/9
Altman Z
7.04
Beneish M
−2.62
Dividend safety
93/100

Microsoft Corporation (MSFT) Operating margin

Alert me on Operating margin

Microsoft Corporation's operating margin over the twelve months to 30 September 2026 was 47.1%, up 0.3 percentage points from fiscal 2026 (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 0.02%.

Operating margin, annual

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Annual newest first

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 newest first

Period Operating margin Change (points)
Sep 2026 49.8% 4.65
Jun 2026 45.1% (1.22)
Mar 2026 46.3% (0.76)
Dec 2025 47.1% (1.78)
43 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 47.1%
PLTR Palantir Technologies Inc. compare 45.6%
FTNT Fortinet, Inc. compare 33.0%
ORCL Oracle Corporation compare 32.1%
SNPS Synopsys, Inc. compare 8.52%
PANW Palo Alto Networks, Inc. compare 6.05%
XYZ Block, Inc. compare 4.64%
CRWD CrowdStrike compare −2.46%
NET Cloudflare, Inc. compare −14.1%
Software Infrastructure industry median 0.00%
Technology sector median 0.02%
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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