MSFT · Q3 FY26 · Mar 31, 2026
Microsoft Q3 FY26: where the revenue came from and where it went
Microsoft Q3 FY26: revenue $82.9B (+18% year over year). Net profit $31.8B. Largest cohort Server $32.6B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Mar 31, 2026
- Reported
- Apr 29, 2026
Tap the diagram to enlarge · figures in billions of dollars
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
The numbers
| 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% |
| 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 |
Older quarters
-
Q4 FY26 6/2026Revenue $90B Net margin 40%
-
Q2 FY26 12/2025Revenue $81.3B Net margin 47%
-
Q1 FY26 9/2025Revenue $77.7B Net margin 36%
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