FINHUB Insights

MSFT · Q2 FY26 · Oct 1 – Dec 31, 2025

Microsoft Q2 FY26: where the revenue came from and where it went

Microsoft Q2 FY26: revenue $81.3B (+17% year over year). Net profit $38.5B. Largest cohort Server $30.9B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2025
Reported
Jan 28, 2026 10-Q
Sankey diagram of Microsoft's income statement for Q2 FY26: revenue of $81.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

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

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Dec 31, 2025).
ItemValueShare of revenueYear 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−2632%
Gross profit55.368% margin−1pp
Research & development−8.510%−1pp
Sales & marketing−6.68%−1pp
G&A−1.92%+0pp
Operating profit38.347% margin+2pp
Tax−9.8
Net profit38.547%+13pp
Filing on EDGAR More quarters of MSFT

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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