MSFT · Q4 FY26 · Apr 1 – Jun 30, 2026
Microsoft Q4 FY26: where the revenue came from and where it went
Microsoft Q4 FY26: revenue $90B (+18% year over year). Net profit $35.8B. Largest cohort Server $37.1B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Jul 29, 2026
Tap the diagram to enlarge · figures in billions of dollars
Revenue$90B
+18% year over year
Gross profit$60.5B
67% margin
Operating profit$40.6B
45% margin
Net profit$35.8B
40% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 90 | 100% | +18% |
| Server | 37.1 | 41% | +33% |
| Microsoft 365 Commercial | 27.9 | 31% | +15% |
| 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 |
Older quarters
-
Q3 FY26 3/2026Revenue $82.9B Net margin 38%
-
Q2 FY26 12/2025Revenue $81.3B Net margin 47%
-
Q1 FY26 9/2025Revenue $77.7B Net margin 36%
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