Microsoft Q2 FY26: where the revenue came from and where it went
The whole income statement of Microsoft for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Oct 1 – Dec 31, 2025
- Reported
- Jan 28, 2026
Revenue$81.3B
+17% year over year
Gross profit$55.3B
68% margin
Operating profit$38.3B
47% margin
Net profit$38.5B
47% margin
Net profit is larger than what operations earned, because the statement adds $10.0B below it, under Other income, net.
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 81.3 | 100% | +17% |
| Server & cloud | 30.9 | 38% | +31% |
| Commercial | 24.5 | 30% | +16% |
| Gaming | 6.0 | 7% | −9% |
| 5.1 | 6% | +11% | |
| Windows & devices | 4.5 | 6% | −1% |
| Other | 4.2 | 5% | |
| Search & news advertising | 3.8 | 5% | +7% |
| Consumer | 2.3 | 3% | +27% |
| Cost of revenue | −26.0 | 32% | |
| Gross profit | 55.3 | 68% margin | −1pp |
| R&D | −8.5 | 11% | −1pp |
| Sales & marketing | −6.6 | 8% | −1pp |
| G&A | −1.9 | 2% | +0pp |
| Operating profit | 38.3 | 47% margin | +2pp |
| Other income, net | 10.0 | ||
| Tax | −9.8 | ||
| Net profit | 38.5 | 47% margin | +13pp |
253 of 418 companies, most recently reported first
New results in your inbox
When a big company reports, we send you a link to its diagram before anyone has time to comment on it. This is a mailing list, not an account: it does not open the diagrams by itself. No spam, one-click unsubscribe.
Drag or use the arrow keys to see the rest