Microsoft MSFT
Cloud (Azure) & enterprise software. Microsoft Corporation, listed on NASDAQ.
Based on the FY2026 annual report (Jul 2025 – Jun 2026)
Microsoft's market cap is
about $3.980 trillion.
#3 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2026 revenue was $331.839B.
- Share price (close)
- $535.93
- P/E ratio
- 29.9x
- Market cap
- $3.980T
- Revenue
- $331.839B
- Operating income
- $155.237B
- Net income
- $133.749B
- Free cash flow
- $66.987B
- Total assets
- $758.376B
- Dividends paid
- $26.445B
- Dividend per share
- $3.64
- Dividend yield
- 0.7%
- Shares outstanding
- 7,427,000,000 shares
Where the revenue went
Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.
- Cost of revenue32.1%
- R&D10.7%
- SG&A and other10.4%
- Taxes, interest & other6.5%
- Net income40.3%
Profitability and stability
Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.
- Revenue growthHow much revenue grew from the previous fiscal year
- +17.8%
- #60 of 299
- Revenue is growing steadily. The median across 299 companies is +7.9%.
- Operating marginShare of revenue kept as profit from the core business
- 46.8%
- #15 of 231
- 46.8% of revenue was kept as operating profit, which is very high. The median across 231 companies is 19.2%.
- Net marginShare of revenue left as profit after interest and taxes
- 40.3%
- #11 of 298
- After taxes, 40.3% of revenue was left as net income. The median across 298 companies is 14.0%.
- FCF marginShare of revenue left as cash after capital spending
- 20.2%
- #89 of 261
- Plenty of cash is left after capital spending. The median across 261 companies is 15.8%.
- ROEHow much profit the company earned on shareholders' equity in a year
- 34.0%
- #70 of 276
- Earns a lot relative to its equity. The median across 276 companies is 16.8%.
- Debt-to-equityLiabilities relative to equity. Lower means less debt
- 71.4%
- #41 of 244
- Liabilities are smaller than equity. The median across 244 companies is 159.6%.
Revenue and profit over time
Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.
Where the cash went
Unlike profit, cash flow is money that actually came in and went out.
- Cash from operations$182.935B
- Capital spending−$115.948B
- Free cash flow (FCF)$66.987B
- Dividends paid−$26.445B
Whose money funds the assets
The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).
- Total assets$758.376B
- Total liabilities$315.989B
- Total equity$442.387B
- Cash and equivalents$20.935B
Compared with similar companies
Based on each company's latest annual report, so fiscal year ends may differ.
Compare in detail| Company | Annual revenue | Net income | Revenue growth | Operating margin | Net margin |
|---|---|---|---|---|---|
| MicrosoftMSFT | $331.839B | $133.749B | +17.8% | 46.8% | 40.3% |
| AppleAAPL | $478.834B | $132.175B | +15.1% | 33.0% | 27.6% |
| Alphabet (Google)GOOGL | $402.836B | $132.17B | +15.1% | 32.0% | 32.8% |
| AmazonAMZN | $716.924B | $77.67B | +12.4% | 11.2% | 10.8% |
| OracleORCL | $67.357B | $17.087B | +17.4% | 30.6% | 25.4% |
| PalantirPLTR | $4.475446B | $1.625033B | +56.2% | 31.6% | 36.3% |
What the company does
Microsoft runs the Azure public cloud, Microsoft 365 commercial and consumer subscriptions, Copilot AI, the Windows operating system, LinkedIn, GitHub and Xbox gaming.
- Intelligent Cloud (Azure, Windows Server, SQL Server, GitHub, enterprise services)
- Productivity and Business Processes (Microsoft 365, LinkedIn, Dynamics 365)
- More Personal Computing (Windows OEM, Surface, Xbox hardware and content including Activision, search and news advertising)
The fiscal year ends on June 30. Because the fiscal year ends June 30, annual (10-K) figures are filed each July or August. Capital spending on AI data centers and free cash flow relative to operating cash flow are the key numbers to watch.
Related companies: Apple, Alphabet (Google), Amazon, Oracle, Palantir
Financial statements
Last 5 fiscal years. Currency: US dollars.
Show the table
| Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | 198.27B | 211.915B | 245.122B | 281.724B | 331.839B |
| Cost of revenue | 62.65B | 65.863B | 74.114B | 87.831B | 106.374B |
| Gross profit | 135.62B | 146.052B | 171.008B | 193.893B | 225.465B |
| R&D expense | 24.512B | 27.195B | 29.51B | 32.488B | 35.562B |
| Operating income | 83.383B | 88.523B | 109.433B | 128.528B | 155.237B |
| Pretax income | 83.716B | 89.311B | 107.787B | 123.627B | 165.934B |
| Net income | 72.738B | 72.361B | 88.136B | 101.832B | 133.749B |
| EPS (diluted) | $9.65 | $9.68 | $11.80 | $13.64 | $17.95 |
| Operating cash flow | 89.035B | 87.582B | 118.548B | 136.162B | 182.935B |
| Capital expenditures | 23.886B | 28.107B | 44.477B | 64.551B | 115.948B |
| Free cash flow (FCF) | 65.149B | 59.475B | 74.071B | 71.611B | 66.987B |
| Dividends paid | 18.135B | 19.8B | 21.771B | 24.082B | 26.445B |
| Total assets | 364.84B | 411.976B | 512.163B | 619.003B | 758.376B |
| Total liabilities | 198.298B | 205.753B | 243.686B | 275.524B | 315.989B |
| Total equity | 166.542B | 206.223B | 268.477B | 343.479B | 442.387B |
| Cash and equivalents | 13.931B | 34.704B | 18.315B | 30.242B | 20.935B |
| Original filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: SEC EDGAR filings for Microsoft Corporation · CIK 0000789019 · US-GAAP