Wednesday 28 October 2026 Export MSFT’s income statement to Excel — free account

Microsoft Corporation

Microsoft Corporation’s revenue for fiscal 2026 (year ended June 2026) was $331.8 billion, up 17.8% from fiscal 2025. In the quarter to June 2026, revenue grew 17.8%, EPS grew 31.7%, free cash flow fell 23.2% and total debt fell 6.62%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three; insiders bought in the last twelve months.

531.51 1.09 −0.20%

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Market cap: $3.95T
P/E: 29.5×
Fwd P/E: 26.6×
Dividend yield: 0.68%
F-score: 6/9
Altman Z: 7.04
Beneish M: −2.62
Dividend safety: 93/100

Overview Business Profile Earnings & Analysis Segments Filings

Microsoft Corporation (MSFT) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by segment, and margins
Productivity and Business Processes	139,996	42.19%
Intelligent Cloud	137,791	41.52%
More Personal Computing	54,052	16.29%
Gross margin		67.94%
Operating margin		46.78%
Pre-tax margin		50.00%

Revenue by product or service $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Microsoft Office System	—	—	—	—	—	—	—	—	—	—	—	23,538 25.15%	24,323 28.01%	22,995 29.54%	22,299 30.25%	20,730 29.64%	17,754 28.41%	17,998 30.80%
Server Products And Tools	—	—	—	—	—	—	—	—	—	—	—	18,612 19.89%	17,055 19.64%	15,408 19.79%	14,232 19.30%	13,251 18.95%	12,007 19.22%	11,344 19.41%
Windows Operating Systems For Computing Devices	—	—	—	—	—	—	—	—	—	—	—	14,826 15.84%	16,856 19.41%	17,529 22.52%	17,320 23.49%	17,825 25.49%	18,225 29.17%	14,653 25.07%
Consulting And Product Support Services	—	—	—	—	—	—	—	—	—	—	—	5,090 5.44%	4,767 5.49%	4,372 5.62%	3,976 5.39%	3,372 4.82%	3,036 4.86%	3,024 5.17%
Advertising	—	—	—	—	—	—	—	—	—	—	—	4,557 4.87%	4,016 4.62%	3,387 4.35%	3,181 4.31%	2,913 4.16%	2,528 4.05%	2,345 4.01%
Phone	—	—	—	—	—	—	—	—	—	—	—	—	3,073 3.54%	615 0.79%	162 0.22%	—	—	—
Surface	—	—	—	—	—	—	—	—	—	—	—	—	1,883 2.17%	853 1.10%	0 0.00%	—	—	—
Also reported: a second breakdown of the same revenue
Microsoft 365 Commercial Products and Cloud Services	101,997 30.74%	87,767 31.15%	76,969 31.40%	66,949 31.59%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
XBOX	21,790 6.57%	23,455 8.33%	21,503 8.77%	15,466 7.30%	16,230 8.19%	15,370 9.14%	11,575 8.09%	11,386 9.05%	10,353 9.38%	9,051 9.37%	9,202 10.10%	9,121 9.75%	8,643 9.95%	7,100 9.12%	8,045 10.91%	8,103 11.59%	5,456 8.73%	5,475 9.37%
LinkedIn	19,817 5.97%	17,812 6.32%	16,372 6.68%	14,989 7.07%	13,631 6.87%	10,289 6.12%	8,077 5.65%	6,754 5.37%	5,259 4.77%	2,271 2.35%	0 0.00%	0 0.00%	—	—	—	—	—	—
Windows and Devices	17,084 5.15%	17,314 6.15%	17,026 6.95%	17,147 8.09%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Search advertising	15,176 4.57%	13,878 4.93%	12,306 5.02%	12,125 5.72%	11,526 5.81%	9,267 5.51%	8,524 5.96%	7,628 6.06%	7,012 6.35%	6,219 6.44%	5,428 5.95%	—	—	—	—	—	—	—
Microsoft 365 Consumer products and cloud services	9,175 2.76%	7,404 2.63%	6,648 2.71%	6,417 3.03%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Dynamics products and cloud services	9,006 2.71%	7,827 2.78%	6,831 2.79%	5,796 2.74%	4,687 2.36%	3,754 2.23%	—	—	—	—	—	—	—	—	—	—	—	—
Enterprise and partner services	8,260 2.49%	7,760 2.75%	7,594 3.10%	7,900 3.73%	7,605 3.84%	—	—	—	—	—	—	—	—	—	—	—	—	—
Other	109 0.03%	72 0.03%	45 0.02%	119 0.06%	233 0.12%	373 0.22%	3,768 2.63%	3,070 2.44%	2,793 2.53%	2,611 2.70%	2,499 2.74%	6,234 6.66%	6,217 7.16%	5,590 7.18%	4,508 6.11%	3,749 5.36%	3,478 5.57%	3,598 6.16%
Office Products and Cloud Services	—	—	—	—	44,970 22.68%	39,872 23.72%	35,316 24.69%	31,769 25.24%	28,316 25.66%	25,573 26.48%	23,868 26.18%	—	—	—	—	—	—	—
Windows	—	—	—	—	24,732 12.47%	22,488 13.38%	21,510 15.04%	20,395 16.21%	19,518 17.69%	18,593 19.25%	17,548 19.25%	—	—	—	—	—	—	—
Devices	—	—	—	—	7,306 3.68%	7,143 4.25%	6,457 4.51%	6,095 4.84%	5,134 4.65%	5,062 5.24%	7,888 8.65%	11,602 12.40%	—	—	—	—	—	—
Enterprise Services	—	—	—	—	—	6,943 4.13%	6,409 4.48%	6,124 4.87%	5,846 5.30%	5,542 5.74%	5,659 6.21%	—	—	—	—	—	—	—
Product	—	—	—	—	72,732	—	—	66,069	—	63,811	—	—	—	—	—	—	—	—
Server Products and Cloud Services	—	—	—	65,007	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Service and Other	—	—	—	147,216	125,538	—	—	59,774	—	32,760	—	—	—	—	—	—	—	—
Revenue	331,839	281,724	245,122	211,915	198,270	168,088	143,015	125,843	110,360	96,571	91,154	93,580	86,833	77,849	73,723	69,943	62,484	58,437

Gross profit by product or service $m, and margin

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Service and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Product	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Productivity and Business Processes	139,996 42.19%	120,810 42.88%	106,820 43.58%	94,151 44.43%	63,364 31.96%	53,915 32.08%	46,398 32.44%	41,160 32.71%	35,865 32.50%	29,870 30.93%	25,792 28.29%	26,430 28.24%	26,976 31.07%	—	—	—	—	—
Intelligent Cloud	137,791 41.52%	106,265 37.72%	87,464 35.68%	72,944 34.42%	74,965 37.81%	59,728 35.53%	48,366 33.82%	38,985 30.98%	32,219 29.19%	27,407 28.38%	24,952 27.37%	23,715 25.34%	21,735 25.03%	—	—	—	—	—
More Personal Computing	54,052 16.29%	54,649 19.40%	50,838 20.74%	44,820 21.15%	59,941 30.23%	54,445 32.39%	48,251 33.74%	45,698 36.31%	42,276 38.31%	39,294 40.69%	40,410 44.33%	43,435 46.41%	38,460 44.29%	—	—	—	—	—
Microsoft Business Division	—	—	—	—	—	—	—	—	—	—	—	—	—	24,738 31.78%	24,082 32.67%	22,407 32.04%	19,525 31.25%	19,211 32.87%
Server And Tools	—	—	—	—	—	—	—	—	—	—	—	—	—	20,295 26.07%	18,544 25.15%	16,571 23.69%	15,121 24.20%	14,686 25.13%
Windows Division	—	—	—	—	—	—	—	—	—	—	—	—	—	18,680 24.00%	18,844 25.56%	18,815 26.90%	—	—
Entertainment And Devices Division	—	—	—	—	—	—	—	—	—	—	—	—	—	10,213 13.12%	9,590 13.01%	8,896 12.72%	6,135 9.82%	6,416 10.98%
Online Services Division	—	—	—	—	—	—	—	—	—	—	—	—	—	3,284 4.22%	2,935 3.98%	2,680 3.83%	2,345 3.75%	2,110 3.61%
Windows And Windows Live	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	18,789 30.07%	15,563 26.63%
Unallocated And Other Reportable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	569 0.91%	451 0.77%
Other, not broken out	—	—	—	—	—	—	—	—	—	—	—	—	—	639 0.82%	—	574 0.82%	—	—
Revenue	331,839	281,724	245,122	211,915	198,270	168,088	143,015	125,843	110,360	96,571	91,154	93,580	86,833	77,849	73,723	69,943	62,484	58,437

Operating income by segment $m, and margin

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Productivity and Business Processes	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intelligent Cloud	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
More Personal Computing	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Microsoft Business Division	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Windows Division	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Server And Tools	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Entertainment And Devices Division	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Online Services Division	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Windows And Windows Live	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Segment Reconciling Items	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
United States	170,794 51.47%	144,546 51.31%	124,704 50.87%	106,744 50.37%	100,218 50.55%	83,953 49.95%	73,160 51.16%	64,199 51.02%	55,926 50.68%	51,078 52.89%	46,416 50.92%	42,941 45.89%	43,474 50.07%	41,344 53.11%	38,846 52.69%	38,008 54.34%
Other Countries	161,045 48.53%	137,178 48.69%	120,418 49.13%	105,171 49.63%	98,052 49.45%	84,135 50.05%	69,855 48.84%	61,644 48.98%	54,434 49.32%	45,493 47.11%	44,738 49.08%	50,639 54.11%	43,359 49.93%	36,505 46.89%	34,877 47.31%	31,935 45.66%
Revenue	331,839	281,724	245,122	211,915	198,270	168,088	143,015	125,843	110,360	96,571	91,154	93,580	86,833	77,849	73,723	69,943

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Commercial remaining performance obligation	Q4 FY2026	$678.0B	—	—
Remaining performance obligations	Q4 FY2026	$684.0B	$375.0B	+82.40%

	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.