Microsoft Corp (MSFT) stock
MSFTNasdaqServices-Prepackaged SoftwareFiscal year ends June 30
Financials through Q1 FY2027, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 24/306% below fair value
$523.00+1.88 (+0.36%)
Close on Nov 12, 2026Market cap $3.88TP/E 27.3Yield 0.70%
Microsoft gross margin
Gross margin is gross profit as a percentage of revenue.
Microsoft's gross margin for the twelve months ending Sep 30, 2026 was 67.7%. For fiscal 2026 it was 67.9%, against 68.8% the year before. The highest annual figure on record is 80.8% in fiscal 2008.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2026 | Jun 30, 2026 | 67.9% | −0.9 |
| FY2025 | Jun 30, 2025 | 68.8% | −0.9 |
| FY2024 | Jun 30, 2024 | 69.8% | +0.8 |
| FY2023 | Jun 30, 2023 | 68.9% | +0.5 |
| FY2022 | Jun 30, 2022 | 68.4% | −0.5 |
| FY2021 | Jun 30, 2021 | 68.9% | +1.1 |
| FY2020 | Jun 30, 2020 | 67.8% | +1.9 |
| FY2019 | Jun 30, 2019 | 65.9% | +0.7 |
| FY2018 | Jun 30, 2018 | 65.2% | +0.7 |
| FY2017 | Jun 30, 2017 | 64.5% | +0.5 |
| FY2016 | Jun 30, 2016 | 64.0% | −0.7 |
| FY2015 | Jun 30, 2015 | 64.7% | −4.1 |
| FY2014 | Jun 30, 2014 | 68.8% | −5.0 |
| FY2013 | Jun 30, 2013 | 73.8% | −2.4 |
| FY2012 | Jun 30, 2012 | 76.2% | −1.5 |
| FY2011 | Jun 30, 2011 | 77.7% | −2.4 |
| FY2010 | Jun 30, 2010 | 80.2% | +1.0 |
| FY2009 | Jun 30, 2009 | 79.2% | −1.6 |
| FY2008 | Jun 30, 2008 | 80.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
Periods
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q1 FY2027CQ3 2026 | Sep 30, 2026 | 67.8% | −1.3 |
| Q4 FY2026CQ2 2026 | Jun 30, 2026 | 67.2% | −1.4 |
| Q3 FY2026CQ1 2026 | Mar 31, 2026 | 67.6% | −1.1 |
| Q2 FY2026CQ4 2025 | Dec 31, 2025 | 68.0% | −0.7 |
| Q1 FY2026CQ3 2025 | Sep 30, 2025 | 69.0% | −0.3 |
| Q4 FY2025CQ2 2025 | Jun 30, 2025 | 68.6% | −1.0 |
| Q3 FY2025CQ1 2025 | Mar 31, 2025 | 68.7% | −1.4 |
| Q2 FY2025CQ4 2024 | Dec 31, 2024 | 68.7% | +0.3 |
| Q1 FY2025CQ3 2024 | Sep 30, 2024 | 69.4% | −1.8 |
| Q4 FY2024CQ2 2024 | Jun 30, 2024 | 69.6% | −0.5 |
| Q3 FY2024CQ1 2024 | Mar 31, 2024 | 70.1% | +0.6 |
| Q2 FY2024CQ4 2023 | Dec 31, 2023 | 68.4% | +1.5 |
| Q1 FY2024CQ3 2023 | Sep 30, 2023 | 71.2% | +2.0 |
| Q4 FY2023CQ2 2023 | Jun 30, 2023 | 70.1% | +1.8 |
| Q3 FY2023CQ1 2023 | Mar 31, 2023 | 69.5% | +1.1 |
| Q2 FY2023CQ4 2022 | Dec 31, 2022 | 66.8% | −0.4 |
| Q1 FY2023CQ3 2022 | Sep 30, 2022 | 69.2% | −0.7 |
| Q4 FY2022CQ2 2022 | Jun 30, 2022 | 68.3% | −1.4 |
| Q3 FY2022CQ1 2022 | Mar 31, 2022 | 68.4% | −0.4 |
| Q2 FY2022CQ4 2021 | Dec 31, 2021 | 67.2% | +0.2 |
| Q1 FY2022CQ3 2021 | Sep 30, 2021 | 69.9% | −0.5 |
| Q4 FY2021CQ2 2021 | Jun 30, 2021 | 69.7% | +2.1 |
| Q3 FY2021CQ1 2021 | Mar 31, 2021 | 68.7% | +0.1 |
| Q2 FY2021CQ4 2020 | Dec 31, 2020 | 67.0% | +0.5 |
| Q1 FY2021CQ3 2020 | Sep 30, 2020 | 70.4% | +1.9 |
| Q4 FY2020CQ2 2020 | Jun 30, 2020 | 67.6% | −1.6 |
| Q3 FY2020CQ1 2020 | Mar 31, 2020 | 68.7% | +1.9 |
| Q2 FY2020CQ4 2019 | Dec 31, 2019 | 66.5% | +4.8 |
| Q1 FY2020CQ3 2019 | Sep 30, 2019 | 68.5% | +2.6 |
| Q4 FY2019CQ2 2019 | Jun 30, 2019 | 69.1% | +1.5 |
| Q3 FY2019CQ1 2019 | Mar 31, 2019 | 66.7% | +1.3 |
| Q2 FY2019CQ4 2018 | Dec 31, 2018 | 61.7% | +0.0 |
| Q1 FY2019CQ3 2018 | Sep 30, 2018 | 65.9% | −0.3 |
| Q4 FY2018CQ2 2018 | Jun 30, 2018 | 67.6% | +0.6 |
| Q3 FY2018CQ1 2018 | Mar 31, 2018 | 65.4% | +0.2 |
| Q2 FY2018CQ4 2017 | Dec 31, 2017 | 61.7% | +0.1 |
| Q1 FY2018CQ3 2017 | Sep 30, 2017 | 66.3% | – |
| Q4 FY2017CQ2 2017 | Jun 30, 2017 | 67.0% | – |
| Q3 FY2017CQ1 2017 | Mar 31, 2017 | 65.3% | – |
| Q2 FY2017CQ4 2016 | Dec 31, 2016 | 61.7% | – |
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