Microsoft Quarterly Income Statement
NASDAQ: MSFTTechnologySoftware - InfrastructureUSD
At close: Oct 7, 4:00 PM ET · Delayed 15 min
After hours: 529.66 -0.02%
Microsoft revenue and earnings
In the quarter ended Jun 30, 2026, Microsoft generated $90.01 billion in revenue, up 17.7% from the same quarter a year earlier. Net income was $35.77 billion (+31.3% year over year), for a net margin of 39.7% versus a median of 36.9% in the prior 5 quarters. Gross margin was 67.2% (down from 68.6%) and operating margin 45.1%.
Diluted earnings per share came in at $4.80, up from $3.65.
Summary generated from market data by MetaCap's automated system. Methodology
Microsoft income statement (quarterly)
| Quarter (USD) | Q4 20262026-06-30 | Q3 20262026-03-31 | Q2 20262025-12-31 | Q1 20262025-09-30 | Q4 20252025-06-30 | Q3 20252025-03-31 | Q2 20252024-12-31 | Q1 20252024-09-30 | Q4 20242024-06-30 | Q3 20242024-03-31 | Q2 20242023-12-31 | Q1 20242023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 90.01B | 82.89B | 81.27B | 77.67B | 76.44B | 70.07B | 69.63B | 65.58B | 64.73B | 61.86B | 62.02B | 56.52B |
| Revenue growth (YoY) | +17.75% | +18.30% | +16.72% | +18.43% | +18.10% | +13.27% | +12.27% | +16.04% | +15.20% | +17.03% | +17.58% | +12.76% |
| Cost of Revenue | 29.52B | 26.83B | 25.98B | 24.04B | 24.01B | 21.92B | 21.80B | 20.10B | 19.68B | 18.50B | 19.62B | 16.30B |
| Gross Profit | 60.48B | 56.06B | 55.30B | 53.63B | 52.43B | 48.15B | 47.83B | 45.49B | 45.04B | 43.35B | 42.40B | 40.22B |
| Operating Expenses | 19.88B | 17.66B | 17.02B | 15.67B | 18.10B | 16.15B | 16.18B | 14.93B | 17.12B | 15.77B | 15.37B | 13.32B |
| Research & Development | 10.00B | 8.91B | 8.50B | 8.15B | 8.83B | 8.20B | 7.92B | 7.54B | 8.06B | 7.65B | 7.14B | 6.66B |
| Selling, General & Admin | 9.88B | 8.74B | 8.52B | 7.52B | 9.28B | 7.95B | 8.26B | 7.39B | 9.06B | 8.12B | 8.22B | 6.66B |
| Operating Income | 40.60B | 38.40B | 38.27B | 37.96B | 34.32B | 32.00B | 31.65B | 30.55B | 27.93B | 27.58B | 27.03B | 26.89B |
| Interest Expense | 839.00M | 778.00M | 736.00M | 698.00M | 615.00M | 594.00M | 594.00M | 582.00M | 701.00M | 800.00M | 909.00M | 525.00M |
| Other Income (Expense) | 3.44B | 942.00M | 9.97B | -3.66B | -1.71B | -623.00M | -2.29B | -283.00M | -675.00M | -854.00M | -506.00M | 389.00M |
| Pretax Income | 44.05B | 39.34B | 48.25B | 34.30B | 32.62B | 31.38B | 29.36B | 30.27B | 27.25B | 26.73B | 26.53B | 27.28B |
| Income Tax | 8.28B | 7.56B | 9.79B | 6.55B | 5.38B | 5.55B | 5.26B | 5.60B | 5.21B | 4.79B | 4.66B | 4.99B |
| Net Income | 35.77B | 31.78B | 38.46B | 27.75B | 27.23B | 25.82B | 24.11B | 24.67B | 22.04B | 21.94B | 21.87B | 22.29B |
| Net Income growth (YoY) | +31.33% | +23.06% | +59.52% | +12.49% | +23.58% | +17.71% | +10.23% | +10.66% | +9.74% | +19.89% | +33.15% | +26.97% |
| EPS (Basic) | 4.81 | 4.28 | 5.18 | 3.73 | 3.67 | 3.47 | 3.24 | 3.32 | 2.97 | 2.95 | 2.94 | 3.00 |
| EPS (Diluted) | 4.80 | 4.27 | 5.16 | 3.72 | 3.65 | 3.46 | 3.23 | 3.30 | 2.94 | 2.94 | 2.93 | 2.99 |
| Shares Outstanding (Basic) | — | 7.43B | 7.43B | 7.43B | — | 7.43B | 7.43B | 7.43B | — | 7.43B | 7.43B | 7.43B |
| Shares Outstanding (Diluted) | — | 7.45B | 7.46B | 7.47B | — | 7.46B | 7.47B | 7.47B | — | 7.47B | 7.47B | 7.46B |
| EBITDA | 50.90B | 47.40B | 46.17B | 45.06B | 40.62B | 37.80B | 36.85B | 35.25B | — | — | — | — |
| Gross Margin | 67.20% | 67.63% | 68.04% | 69.05% | 68.58% | 68.72% | 68.69% | 69.35% | 69.59% | 70.08% | 68.36% | 71.16% |
| Operating Margin | 45.11% | 46.33% | 47.09% | 48.87% | 44.90% | 45.67% | 45.46% | 46.58% | 43.14% | 44.59% | 43.59% | 47.59% |
| Net Margin | 39.74% | 38.34% | 47.32% | 35.72% | 35.63% | 36.86% | 34.62% | 37.61% | 34.04% | 35.47% | 35.26% | 39.44% |
This table shows 12 quarterly periods of Microsoft's income statement, from Q4 2026 back to Q1 2024, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MSFT's reporting calendar. What is a income statement?