Microsoft

MSFT · Information Technology · Market cap $3.34T

Q4 FY26 Apr 1 – Jun 30, 2026 reported Jul 29, 2026

Revenue$90B +18% year over year

Gross profit$60.5B

Operating profit$40.6B

Net profit$35.8B 40% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q4 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	90	100%	+18%
Server	37.1	41%	+33%
Microsoft 365 Commercial	27.9	31%	+15%
LinkedIn	5.2	6%	+12%
XBOX	5	6%	−10%
Other	4.6	5%
Windows and Devices	4	4%	−7%
Search Advertising	3.9	4%	+7%
Dynamics	2.4	3%	+11%
Cost of revenue	−29.5	33%
Gross profit	60.5	67% margin	−1pp
Research & development	−10	11%	+0pp
Sales & marketing	−7.6	8%	−1pp
G&A	−2.3	3%	+0pp
Operating profit	40.6	45% margin	+0pp
Tax	−8.2
Net profit	35.8	40%	+4pp

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	82.9	100%	+18%
Server	32.6	39%	+32%
Microsoft 365 Commercial	25.6	31%	+17%
Gaming	5.3	6%	−7%
LinkedIn	4.8	6%	+12%
Other	4.4	5%
Windows and Devices	4	5%	−2%
Search Advertising	3.8	5%	+9%
Microsoft 365 Consumer	2.3	3%	+26%
Cost of revenue	−26.8	32%
Gross profit	56.1	68% margin	−1pp
Research & development	−9	11%	−1pp
Sales & marketing	−6.8	8%	−1pp
G&A	−1.9	2%	+0pp
Operating profit	38.4	46% margin	+1pp
Tax	−7.5
Net profit	31.8	38%	+1pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	81.3	100%	+17%
Server	30.9	38%	+31%
Microsoft 365 Commercial	24.5	30%	+16%
Gaming	6	7%	−9%
LinkedIn	5.1	6%	+11%
Windows and Devices	4.5	6%	−1%
Other	4.2	5%
Search and News Advertising	3.8	5%	+7%
Microsoft 365 Consumer	2.3	3%	+27%
Cost of revenue	−26	32%
Gross profit	55.3	68% margin	−1pp
Research & development	−8.5	10%	−1pp
Sales & marketing	−6.6	8%	−1pp
G&A	−1.9	2%	+0pp
Operating profit	38.3	47% margin	+2pp
Tax	−9.8
Net profit	38.5	47%	+13pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	77.7	100%	+18%
Server	28.9	37%	+30%
Microsoft 365 Commercial	24	31%	+17%
Gaming	5.5	7%	−2%
LinkedIn	4.7	6%	+10%
Windows and Devices	4.6	6%	+5%
Other	4.2	5%
Search and News Advertising	3.7	5%	+15%
Microsoft 365 Consumer	2.2	3%	+28%
Cost of revenue	−24	31%
Gross profit	53.6	69% margin	+0pp
Research & development	−8.1	10%	−1pp
Sales & marketing	−5.7	7%	−1pp
G&A	−1.8	2%	+0pp
Operating profit	38	49% margin	+2pp
Tax	−6.6
Interest & other costs	−3.7
Net profit	27.7	36%	−2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q4 FY26	Apr 1 – Jun 30, 2026	Jul 29, 2026	$90B	+18%	45%	$35.8B	40%
Q3 FY26	Mar 31, 2026	Apr 29, 2026	$82.9B	+18%	46%	$31.8B	38%
Q2 FY26	Oct 1 – Dec 31, 2025	Jan 28, 2026	$81.3B	+17%	47%	$38.5B	47%
Q1 FY26	Jul 1 – Sep 30, 2025	Oct 29, 2025	$77.7B	+18%	49%	$27.7B	36%