Microsoft Q3 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
- Jan 1 – Mar 31, 2026
- Reported
- Apr 29, 2026
Revenue$82.9B
+18% year over year
Gross profit$56.1B
68% margin
Operating profit$38.4B
46% margin
Net profit$31.8B
38% margin
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 82.9 | 100% | +18% |
| Server & cloud | 32.6 | 39% | +32% |
| Commercial | 25.6 | 31% | +17% |
| Gaming | 5.3 | 6% | −7% |
| 4.8 | 6% | +12% | |
| Other | 4.4 | 5% | |
| Windows & devices | 4.0 | 5% | −2% |
| Search advertising | 3.8 | 5% | +9% |
| Consumer | 2.3 | 3% | +26% |
| Cost of revenue | −26.8 | 32% | |
| Gross profit | 56.1 | 68% margin | −1pp |
| R&D | −8.9 | 11% | −1pp |
| Sales & marketing | −6.8 | 8% | −1pp |
| G&A | −1.9 | 2% | +0pp |
| Operating profit | 38.4 | 46% margin | +1pp |
| Other income, net | 0.9 | ||
| Tax | −7.6 | ||
| Net profit | 31.8 | 38% margin | +1pp |
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