Microsoft Corp (MSFT) operating KPIs
MSFTNasdaqServices-Prepackaged SoftwareFiscal year ends June 30
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 28, 2026Score 22/302% above fair value
$521.91−8.23 (-1.55%)
Close on Oct 30, 2026Market cap $3.88TP/E 29.1Yield 0.70%
KPIs
Operating metrics that drive Microsoft's business · fiscal year ends June 30
The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.
Microsoft's fiscal year ends June 30 — Q1 FY27 = Jul–Sep 2026.
Column labels
| Add to chart | Metric | Q1 FY27 2026-09-30 | Q4 FY26 2026-06-30 | Q3 FY26 2026-03-31 | Q2 FY26 2025-12-31 | Q1 FY26 2025-09-30 | Q4 FY25 2025-06-30 | Q3 FY25 2025-03-31 | Q2 FY25 2024-12-31 | Q1 FY25 2024-09-30 | Q4 FY24 2024-06-30 | Q3 FY24 2024-03-31 | Q2 FY24 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Azure & other cloud services revenue growth y/y(%)2 | 43.0% | 40.0% | 39.0% | 40.0% | 39.0% | 33.0% | 31.0% | 33.0% | 34.0% | 35.0% | 33.0% | ||
Constant currency(%) | 43.0% | 39.0% | 38.0% | 39.0% | 39.0% | 35.0% | 31.0% | 34.0% | 35.0% | 35.0% | 31.0% | ||
Guidance for the quarter (cc, midpoint)(%)1 | 45.0% | 39.5% | 37.5% | 37.0% | 37.0% | 34.5% | 31.5% | 31.5% | 28.5% | 30.5% | 26.5% | ||
Actual cc growth − guidance (pp)(%) | 3.5% | 1.5% | 1.0% | 2.0% | 4.5% | 3.5% | -0.5% | 5.5% | 4.5% | 4.5% | |||
Azure revenue (implied)($M)4 | 31,091 | 27,266 | 25,363 | 23,317 | 21,742 | 19,476 | 18,246 | 16,655 | 15,642 | 14,644 | 13,623 | ||
Annualized run-rate($M) | 124,363 | 109,065 | 101,450 | 93,268 | 86,967 | 77,903 | 72,986 | 66,620 | 62,566 | 58,574 | 54,493 | ||
Revenue added y/y($M) | 9,349 | 7,790 | 7,116 | 6,662 | 6,100 | 4,832 | 4,623 | 4,086 | 2,421 | 2,211 | 1,053 | ||
Share of Microsoft Cloud revenue(%) | 52.4% | 50.0% | 49.3% | 47.5% | 46.6% | 45.9% | 44.6% | 42.8% | 42.4% | 41.6% | 40.4% | ||
Share of total revenue(%) | 34.5% | 32.9% | 31.2% | 30.0% | 28.4% | 27.8% | 26.2% | 25.4% | 24.2% | 23.7% | 22.0% | ||
Server products and cloud services revenue($M)2 | 37,096 | 32,592 | 30,865 | 28,872 | 27,878 | 24,761 | 23,641 | 22,155 | 21,903 | 20,266 | 19,597 | ||
Growth y/y(%) | 33.1% | 31.6% | 30.6% | 30.3% | 27.3% | 22.2% | 20.6% | 22.7% | 212.9% | 1.2% | 0.0% | ||
On-premises server products (implied)($M)1 | 6,005 | 5,326 | 5,503 | 5,555 | 6,136 | 5,285 | 5,395 | 5,500 | 6,261 | 5,623 | 5,974 | ||
Growth y/y(%) | -2.1% | 0.8% | 2.0% | 1.0% | -2.0% | -6.0% | -3.0% | -1.0% | 2.0% | 6.0% | 3.0% | ||
Microsoft Cloud revenue($M)5 | 59,300 | 54,500 | 51,500 | 49,100 | 46,700 | 42,400 | 40,900 | 38,900 | 36,900 | 35,200 | 33,700 | ||
Growth y/y(%) | 27.0% | 29.0% | 26.0% | 26.0% | 27.0% | 20.0% | 21.0% | 22.0% | 22.0% | 24.0% | 24.0% | ||
Growth y/y, constant currency(%) | 27.0% | 25.0% | 24.0% | 25.0% | 25.0% | 22.0% | 21.0% | 22.0% | 23.0% | 23.0% | 22.0% | ||
Gross margin %(%)2 | 65.0% | 66.0% | 67.0% | 68.0% | 68.0% | 69.0% | 70.0% | 71.0% | 70.0% | 72.0% | 72.0% | ||
Implied gross profit($M) | 38,545 | 35,970 | 34,505 | 33,388 | 31,756 | 29,256 | 28,630 | 27,619 | 25,830 | 25,344 | 24,264 | ||
Gross margin % of the rest of Microsoft(%) | 71.4% | 70.8% | 69.8% | 70.8% | 69.5% | 68.3% | 66.8% | 67.0% | 69.0% | 67.6% | 64.0% | ||
Share of total revenue(%) | 65.9% | 65.8% | 63.4% | 63.2% | 61.1% | 60.5% | 58.7% | 59.3% | 57.0% | 56.9% | 54.3% | ||
Revenue outside Microsoft Cloud($M)1 | 30,707 | 28,386 | 29,773 | 28,573 | 29,741 | 27,666 | 28,732 | 26,685 | 27,827 | 26,658 | 28,320 | ||
Growth y/y(%) | 3.3% | 2.6% | 3.6% | 7.1% | 6.9% | 3.8% | 1.5% | 8.4% | 7.5% | 9.5% | 10.4% | ||
Capital expenditures incl. finance leases($M)6 | 41,000 | 31,900 | 37,500 | 34,900 | 24,200 | 21,400 | 22,600 | 20,000 | 19,000 | 14,000 | 11,500 | ||
Growth y/y(%) | 69.4% | 49.1% | 65.9% | 74.5% | 27.4% | 52.9% | 96.5% | 78.6% | 77.6% | 79.5% | 69.1% | ||
Cash paid for PP&E($M) | 35,802 | 30,876 | 29,876 | 19,394 | 17,079 | 16,745 | 15,804 | 14,923 | 13,873 | 10,952 | 9,735 | ||
Finance-lease assets obtained (mostly datacenters)($M) | 5,122 | 4,009 | 6,330 | 9,147 | 6,503 | 3,241 | 6,435 | 4,332 | 4,712 | 3,421 | 1,796 | ||
% of total revenue(%) | 45.6% | 38.5% | 46.1% | 44.9% | 31.7% | 30.5% | 32.5% | 30.5% | 29.4% | 22.6% | 18.5% | ||
Per $ of Microsoft Cloud revenue(×) | 0.69 | 0.59 | 0.73 | 0.71 | 0.52 | 0.50 | 0.55 | 0.51 | 0.51 | 0.40 | 0.34 | ||
Trailing four quarters($M) | 145,300 | 128,500 | 118,000 | 103,100 | 88,200 | 83,000 | 75,600 | 64,500 | 55,700 | 47,400 | 41,200 | ||
Datacenter leases signed, not yet commenced($M)1 | 329,100 | 196,600 | 155,100 | 106,200 | 92,700 | 99,200 | 105,400 | 116,100 | 117,000 | 96,200 | 92,600 | ||
Change q/q($M) | 132,500 | 41,500 | 48,900 | 13,500 | -6,500 | -6,200 | -10,700 | -900 | 20,800 | 3,600 | 10,000 | ||
Computer equipment & software at cost($M)4 | 215,874 | 190,883 | 171,351 | 147,701 | 132,836 | 93,780 | |||||||
Buildings & improvements($M) | 182,749 | 172,260 | 163,986 | 152,433 | 137,921 | 93,943 | |||||||
Land($M) | 10,546 | 9,813 | 9,698 | 9,450 | 9,338 | 8,163 | |||||||
Finance-lease assets (gross)($M) | 82,712 | 77,633 | 73,201 | 66,435 | 53,876 | 46,275 | 42,539 | 37,186 | 32,248 | 27,328 | 24,245 | ||
Total property & equipment at cost($M) | 431,767 | 394,951 | 366,076 | 329,741 | 298,619 | 212,012 | |||||||
Depreciation, amortization & other($M)2 | 11,022 | 10,167 | 9,198 | 13,061 | 9,317 | 7,734 | 5,667 | 7,383 | 5,051 | 6,027 | 5,959 | ||
Growth y/y(%) | 18.3% | 31.5% | 62.3% | 76.9% | 84.5% | 28.3% | -4.9% | 88.3% | 30.4% | 69.8% | 63.4% | ||
Capex ÷ depreciation(×) | 3.72 | 3.14 | 4.08 | 2.67 | 2.60 | 2.77 | 3.99 | 2.71 | 3.76 | 2.32 | 1.93 | ||
Commercial bookings growth y/y(%)1 | 10.0% | -4.0% | 230.0% | 112.0% | 37.0% | 18.0% | 67.0% | 30.0% | 17.0% | 29.0% | 17.0% | ||
Constant currency(%) | 11.0% | -6.0% | 228.0% | 111.0% | 30.0% | 17.0% | 75.0% | 23.0% | 19.0% | 31.0% | 9.0% | ||
Commercial remaining performance obligation($M)4 | 678,000 | 627,000 | 625,000 | 392,000 | 368,000 | 315,000 | 298,000 | 259,000 | 269,000 | 235,000 | 222,000 | ||
Growth y/y(%) | 84.0% | 99.0% | 110.0% | 51.0% | 37.0% | 34.0% | 34.0% | 22.0% | 20.0% | 20.0% | 17.0% | ||
Added in the quarter($M) | 51,000 | 2,000 | 233,000 | 24,000 | 53,000 | 17,000 | 39,000 | -10,000 | 34,000 | 13,000 | 10,000 | ||
Share recognized in next 12 months(%)2 | 30.0% | 25.0% | 25.0% | 40.0% | 35.0% | 40.0% | 40.0% | 40.0% | 40.0% | 45.0% | 45.0% | ||
Next 12 months (implied)($M)2 | 203,400 | 156,750 | 156,250 | 156,800 | 128,800 | 126,000 | 119,200 | 103,600 | 107,600 | 105,750 | 99,900 | ||
Growth y/y(%) | 37.0% | 39.0% | 39.0% | 51.4% | 21.0% | 17.0% | 21.0% | 17.0% | 18.0% | 20.0% | 15.0% | ||
÷ trailing-12-month Microsoft Cloud revenue(×) | 0.95 | 0.78 | 0.82 | 0.88 | 0.76 | 0.79 | 0.78 | 0.72 | 0.78 | 0.81 | 0.80 | ||
Beyond 12 months (implied)($M) | 474,600 | 470,250 | 468,750 | 235,200 | 239,200 | 189,000 | 178,800 | 155,400 | 161,400 | 129,250 | 122,100 | ||
Total RPO (incl. consumer)($M) | 684,000 | 633,000 | 631,000 | 398,000 | 375,000 | 321,000 | 304,000 | 266,000 | 275,000 | 242,000 | 229,000 | ||
Unearned revenue($M)4 | 75,712 | 53,677 | 54,044 | 61,533 | 67,265 | 47,476 | 48,045 | 55,689 | 60,184 | 44,833 | 46,034 | ||
Growth y/y(%) | 12.6% | 13.1% | 12.5% | 10.5% | 11.8% | 5.9% | 4.4% | 13.2% | 11.8% | 13.2% | 16.2% | ||
Productivity and Business Processes($M) | 57,936 | 39,904 | 39,721 | 46,357 | 50,567 | 34,244 | 33,582 | 40,429 | 43,599 | 22,929 | 22,591 | ||
Intelligent Cloud($M) | 14,942 | 10,892 | 11,433 | 12,659 | 14,022 | 10,240 | 10,979 | 12,397 | 13,683 | 16,696 | 17,696 | ||
More Personal Computing($M) | 2,834 | 2,881 | 2,890 | 2,517 | 2,676 | 2,992 | 3,484 | 2,863 | 2,902 | 5,208 | 5,747 | ||
Microsoft 365 Commercial products and cloud services($M)6 | 27,914 | 25,593 | 24,524 | 23,966 | 24,318 | 21,883 | 21,117 | 20,449 | 20,892 | 19,712 | 18,321 | ||
Growth y/y(%) | 14.8% | 17.0% | 16.1% | 17.2% | 16.4% | 11.0% | 15.3% | 13.3% | |||||
Microsoft 365 Commercial cloud revenue growth(%)1 | 14.0% | 19.0% | 17.0% | 17.0% | 18.0% | 12.0% | 16.0% | 15.0% | 15.0% | 17.0% | 20.0% | ||
Constant currency(%) | 14.0% | 15.0% | 14.0% | 15.0% | 16.0% | 15.0% | 15.0% | 16.0% | 16.0% | 17.0% | 18.0% | ||
Microsoft 365 Commercial cloud revenue (implied)($M)1 | 23,103 | 23,081 | 21,631 | 21,157 | 20,266 | 19,395 | 18,488 | 18,083 | 17,175 | 16,934 | |||
Cloud share of the line(%) | 82.8% | 90.2% | 88.2% | 88.3% | 83.3% | 88.6% | 87.6% | 88.4% | 82.2% | 85.9% | |||
Microsoft 365 Commercial products — on-premises (implied)($M)1 | 4,811 | 2,513 | 2,893 | 2,809 | 4,052 | 2,488 | 2,629 | 2,366 | 3,717 | 2,778 | |||
Reported growth y/y(%) | 19.0% | 1.0% | 13.0% | 17.0% | 9.0% | 5.0% | 13.0% | 2.0% | -9.0% | -20.0% | -17.0% | ||
Paid commercial seat growth y/y(%)1 | 6.0% | 6.0% | 6.0% | 6.0% | 6.0% | 7.0% | 7.0% | 8.0% | 7.0% | 8.0% | 9.0% | ||
Implied revenue per seat growth(%) | 7.6% | 12.3% | 10.4% | 10.4% | 11.3% | 4.7% | 8.4% | 6.5% | 7.5% | 8.3% | 10.1% | ||
Microsoft 365 Copilot paid seats(M) | 30 | 20 | 15 | ||||||||||
Microsoft 365 Consumer products and cloud services($M)3 | 2,369 | 2,297 | 2,305 | 2,204 | 2,035 | 1,821 | 1,821 | 1,727 | 1,678 | 1,648 | 1,679 | ||
Growth y/y(%) | 16.4% | 26.1% | 26.6% | 27.6% | 21.3% | 10.5% | 8.5% | 5.1% | |||||
Consumer cloud revenue growth(%)1 | 24.0% | 33.0% | 29.0% | 26.0% | 20.0% | 10.0% | 8.0% | 6.0% | 7.0% | 8.0% | 8.0% | ||
Constant currency(%) | 22.0% | 29.0% | 27.0% | 25.0% | 20.0% | 12.0% | 8.0% | 7.0% | 7.0% | 8.0% | 8.0% | ||
Microsoft 365 Consumer subscribers(M)4 | 95.2 | 93.8 | 91.5 | 90.3 | 89 | 87.7 | 86.3 | 84.4 | 82.4 | 80.8 | 78.4 | ||
Net adds in the quarter(M) | 1.40 | 2.40 | 1.20 | 1.30 | 1.30 | 1.40 | 1.90 | 2 | 1.60 | 2.40 | 1.70 | ||
Subscriber growth y/y(%) | 7.0% | 7.0% | 6.0% | 7.0% | 8.0% | 9.0% | 10.0% | 10.0% | 10.0% | 14.0% | 16.0% | ||
Revenue per subscriber per month ($)($) | 8.35 | 8.26 | 8.45 | 8.19 | 7.68 | 6.98 | 7.11 | 6.90 | 6.85 | 6.90 | 7.22 | ||
Implied cloud revenue per subscriber growth(%) | 15.9% | 24.3% | 21.7% | 17.8% | 11.1% | 0.9% | -1.8% | -3.6% | -2.7% | -5.3% | -6.9% | ||
LinkedIn revenue($M)2 | 5,189 | 4,832 | 5,082 | 4,714 | 4,622 | 4,311 | 4,587 | 4,292 | 4,251 | 4,013 | 4,195 | ||
Growth y/y(%) | 12.0% | 12.0% | 11.0% | 10.0% | 9.0% | 7.0% | 9.0% | 10.0% | 10.0% | 10.0% | 9.0% | ||
Constant currency(%) | 10.0% | 9.0% | 10.0% | 9.0% | 8.0% | 8.0% | 9.0% | 9.0% | 9.0% | 9.0% | 8.0% | ||
Dynamics products and cloud services($M)2 | 2,374 | 2,292 | 2,204 | 2,136 | 2,136 | 1,929 | 1,913 | 1,849 | 1,806 | 1,740 | 1,659 | ||
Growth y/y(%) | 11.1% | 18.8% | 15.2% | 15.5% | 18.3% | 10.9% | 15.3% | 13.7% | 16.0% | 19.0% | 21.0% | ||
Dynamics 365 revenue growth(%)1 | 13.0% | 22.0% | 19.0% | 18.0% | 23.0% | 16.0% | 19.0% | 18.0% | 19.0% | 22.0% | 26.0% | ||
Constant currency(%) | 12.0% | 17.0% | 17.0% | 16.0% | 21.0% | 18.0% | 18.0% | 19.0% | 20.0% | 21.0% | 23.0% | ||
Windows and Devices revenue($M)2 | 4,013 | 4,041 | 4,479 | 4,551 | 4,329 | 4,144 | 4,512 | 4,329 | 4,225 | 4,098 | 4,363 | ||
Growth y/y(%) | -7.3% | -2.5% | -0.7% | 5.1% | 2.5% | 1.1% | 3.4% | -0.3% | |||||
Windows OEM and Devices growth y/y(%)2 | -7.0% | -2.0% | 1.0% | 6.0% | 3.0% | 3.0% | 4.0% | 2.0% | -1.0% | 2.0% | 4.0% | ||
Constant currency(%) | -7.0% | -3.0% | 0.0% | 6.0% | 3.0% | 3.0% | 4.0% | 2.0% | 0.0% | 2.0% | 4.0% | ||
− non-Mac PC unit growth (pp)(%) | -0.8% | -3.9% | -9.7% | -7.4% | -8.0% | -2.2% | 2.7% | 2.3% | -2.2% | 0.7% | 4.2% | ||
Worldwide PC shipments (IDC)(M)2 | 62.7 | 68.2 | 65.6 | 76.4 | 78.5 | 71.7 | 64 | 69.7 | 69.3 | 64.2 | 60.2 | 67.7 | |
Growth y/y(%) | -20.1% | -4.9% | 2.5% | 9.6% | 13.3% | 11.7% | 6.3% | 3.0% | -1.7% | 1.7% | 2.2% | -1.7% | |
Non-Mac PCs (≈ Windows / ChromeOS)(M)2 | 56.8 | 61.5 | 59.4 | 69.3 | 71.8 | 65.6 | 58.3 | 62.6 | 63.3 | 59.1 | 55.4 | 61.8 | |
Growth y/y(%) | -20.9% | -6.3% | 1.9% | 10.7% | 13.4% | 11.0% | 5.2% | 1.3% | -0.3% | 1.2% | 1.3% | -0.2% | |
Windows & Devices revenue per non-Mac PC ($)($) | 65 | 68 | 65 | 63 | 66 | 71 | 72 | 68 | 71 | 74 | 71 | ||
Gaming revenue($M)3 | 4,983 | 5,341 | 5,958 | 5,508 | 5,532 | 5,721 | 6,581 | 5,621 | 5,022 | 5,451 | 7,111 | ||
Growth y/y(%) | -9.9% | -6.6% | -9.5% | -2.0% | 10.2% | 5.0% | -7.5% | 43.4% | 43.9% | 51.1% | 49.5% | ||
Xbox content & services growth y/y(%)1 | -10.0% | -5.0% | -5.0% | 1.0% | 13.0% | 8.0% | 2.0% | 61.0% | 61.0% | 62.0% | 61.0% | ||
Constant currency(%) | -10.0% | -7.0% | -6.0% | 0.0% | 12.0% | 9.0% | 2.0% | 61.0% | 61.0% | 61.0% | 60.0% | ||
Xbox content & services revenue (implied)($M)2 | 4,765 | 5,116 | 5,218 | 5,108 | 5,294 | 5,386 | 5,492 | 5,057 | 4,685 | 4,265 | 4,943 | ||
Share of gaming revenue(%) | 95.6% | 95.8% | 87.6% | 92.7% | 95.7% | 94.1% | 83.5% | 90.0% | 93.3% | 78.2% | 69.5% | ||
Xbox hardware revenue (implied)($M) | 218 | 225 | 740 | 401 | 238 | 336 | 1,089 | 564 | 337 | 1,186 | 2,169 | ||
Search & news advertising revenue($M)2 | 3,859 | 3,808 | 3,812 | 3,697 | 3,591 | 3,504 | 3,558 | 3,225 | 3,065 | 3,055 | 3,168 | ||
Growth y/y incl. TAC(%) | 7.5% | 8.7% | 7.1% | 14.6% | 17.2% | 14.7% | 12.3% | 6.9% | 3.3% | 0.6% | -1.3% | ||
Growth y/y excluding traffic acquisition costs(%)2 | 10.0% | 12.0% | 10.0% | 16.0% | 21.0% | 21.0% | 21.0% | 18.0% | 15.0% | 8.0% | 6.0% | ||
Constant currency(%) | 9.0% | 9.0% | 9.0% | 15.0% | 20.0% | 23.0% | 20.0% | 19.0% | 16.0% | 8.0% | 4.0% | ||
Ex-TAC growth − reported growth (pp)(%) | 2.5% | 3.3% | 2.9% | 1.4% | 3.8% | 6.3% | 8.7% | 11.1% | 11.7% | 7.4% | 7.3% | ||
Paid Microsoft Fabric customers | 40,000 | 35,000 | 31,000 | 28,000 | 25,000 | 21,000 | 19,000 | 16,000 | 14,000 | 11,000 | |||
Revenue by segment($M)3 | 90,007 | 82,886 | 81,273 | 77,673 | 76,441 | 70,066 | 69,632 | 65,585 | 64,727 | 61,858 | 62,020 | ||
Productivity and Business Processes($M)4 | 37,847 | 35,013 | 34,116 | 33,020 | 33,112 | 29,944 | 29,437 | 28,317 | 28,627 | 27,113 | 25,854 | ||
Share of total(%) | 42.1% | 42.2% | 42.0% | 42.5% | 43.3% | 42.7% | 42.3% | 43.2% | 44.2% | 43.8% | 41.7% | ||
Growth y/y(%) | 14.3% | 16.9% | 15.9% | 16.6% | 15.7% | 10.4% | 13.9% | 12.3% | -33.7% | 54.8% | 52.1% | ||
Gross margin %(%) | 81.5% | 82.3% | 82.1% | 82.7% | 81.8% | 81.6% | 81.1% | 81.3% | |||||
Operating margin %(%) | 57.9% | 59.9% | 60.4% | 61.8% | 57.4% | 58.0% | 57.4% | 58.3% | 54.9% | 55.9% | 56.1% | ||
Intelligent Cloud($M)4 | 39,306 | 34,681 | 32,907 | 30,897 | 29,878 | 26,751 | 25,544 | 24,092 | 23,785 | 22,141 | 21,525 | ||
Share of total(%) | 43.7% | 41.8% | 40.5% | 39.8% | 39.1% | 38.2% | 36.7% | 36.7% | 36.8% | 35.8% | 34.7% | ||
Growth y/y(%) | 31.6% | 29.6% | 28.8% | 28.3% | 25.6% | 20.8% | 18.7% | 20.4% | 163.4% | 0.3% | 0.1% | ||
Gross margin %(%) | 57.1% | 56.4% | 58.8% | 60.1% | 60.4% | 61.5% | 63.2% | 64.3% | |||||
Operating margin %(%) | 40.6% | 39.7% | 42.2% | 43.3% | 40.6% | 41.5% | 42.5% | 43.6% | 41.4% | 43.0% | 44.4% | ||
More Personal Computing($M)4 | 12,854 | 13,192 | 14,250 | 13,756 | 13,451 | 13,371 | 14,651 | 13,176 | 12,315 | 12,604 | 14,641 | ||
Share of total(%) | 14.3% | 15.9% | 17.5% | 17.7% | 17.6% | 19.1% | 21.0% | 20.1% | 19.0% | 20.4% | 23.6% | ||
Growth y/y(%) | -4.4% | -1.3% | -2.7% | 4.4% | 9.2% | 6.1% | 0.1% | 16.8% | 208.6% | -5.0% | 2.8% | ||
Gross margin %(%) | 56.0% | 58.2% | 55.8% | 56.3% | 54.5% | 54.4% | 53.4% | 53.0% | |||||
Operating margin %(%) | 21.4% | 27.8% | 26.7% | 30.3% | 23.7% | 26.4% | 26.7% | 26.8% | 19.4% | 23.2% | 20.2% | ||
Revenue by geography($M)2 | 90,007 | 82,886 | 81,273 | 77,673 | 76,441 | 70,066 | 69,632 | 65,585 | 64,727 | 61,858 | 62,020 | ||
United States($M)2 | 46,971 | 42,336 | 41,410 | 40,077 | 39,012 | 36,084 | 35,537 | 33,913 | 32,160 | 31,437 | 32,295 | ||
Share of total(%) | 52.2% | 51.1% | 51.0% | 51.6% | 51.0% | 51.5% | 51.0% | 51.7% | 49.7% | 50.8% | 52.1% | ||
Growth y/y(%) | 20.4% | 17.3% | 16.5% | 18.2% | 21.3% | 14.8% | 10.0% | 17.7% | 15.3% | 20.9% | 19.7% | ||
Other countries($M)2 | 43,036 | 40,550 | 39,863 | 37,596 | 37,429 | 33,982 | 34,095 | 31,672 | 32,567 | 30,421 | 29,725 | ||
Share of total(%) | 47.8% | 48.9% | 49.1% | 48.4% | 49.0% | 48.5% | 49.0% | 48.3% | 50.3% | 49.2% | 47.9% | ||
Growth y/y(%) | 15.0% | 19.3% | 16.9% | 18.7% | 14.9% | 11.7% | 14.7% | 14.3% | 15.1% | 13.3% | 15.3% | ||
Product vs service revenue($M)2 | 90,007 | 82,886 | 81,273 | 77,673 | 76,441 | 70,066 | 69,632 | 65,585 | 64,727 | 61,858 | 62,020 | ||
Product (licenses, devices)($M)1 | 17,234 | 15,089 | 16,451 | 15,922 | 17,136 | 15,319 | 16,219 | 15,272 | 13,217 | 17,080 | 18,941 | ||
Gross margin %(%) | 83.0% | 81.9% | 78.7% | 81.7% | 80.7% | 80.2% | 76.2% | 78.4% | 89.1% | 74.6% | 68.5% | ||
Service and other (cloud, subscriptions)($M)2 | 72,773 | 67,797 | 64,822 | 61,751 | 59,305 | 54,747 | 53,413 | 50,313 | 51,510 | 44,778 | 43,079 | ||
Share of total(%) | 80.9% | 81.8% | 79.8% | 79.5% | 77.6% | 78.1% | 76.7% | 76.7% | 79.6% | 72.4% | 69.5% | ||
Gross margin %(%) | 63.5% | 64.5% | 65.3% | 65.8% | 65.1% | 65.5% | 66.4% | 66.6% | 64.6% | 68.4% | 68.3% | ||
Other product lines1 | |||||||||||||
Enterprise and partner services($M)1 | 2,113 | 2,087 | 2,038 | 2,022 | 1,994 | 1,946 | 1,892 | 1,928 | 1,872 | 1,861 | 1,917 | ||
Growth y/y(%) | 6.0% | 7.3% | 7.7% | 4.9% | 6.5% | 4.6% | -1.3% | -0.8% | -7.2% | -9.1% | 0.5% | ||
Research & development expense($M)2 | 9,997 | 8,915 | 8,504 | 8,146 | 8,829 | 8,198 | 7,917 | 7,544 | 8,056 | 7,653 | 7,142 | ||
% of revenue(%) | 11.1% | 10.8% | 10.5% | 10.5% | 11.6% | 11.7% | 11.4% | 11.5% | 12.5% | 12.4% | 11.5% | ||
Growth y/y(%) | 13.2% | 8.8% | 7.4% | 8.0% | 9.6% | 7.1% | 10.9% | 13.3% | 19.5% | 9.6% | 4.4% | ||
Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).
Methodology and excluded metrics
- Fiscal year ends June 30: Q1 FY27 = July–September 2026.
- Microsoft's latest reported quarter is Q4 FY26; a later column may hold IDC PC data published before Microsoft reports.
- Microsoft discloses Azure, Microsoft 365 Commercial cloud and Xbox content & services only as growth rates. Dollar amounts marked 'implied' are solved from the disclosed product-line total (this quarter and a year ago, from the same filing) and the growth rates of its two parts; published rates are rounded, so treat them as estimates.
- Microsoft does not publish monthly operating data, and U.S. GAAP filings have no parent-only statements to compare against the consolidated ones.
- A metric is shown only when the three most recent quarters all have data; annual-only metrics need the two latest fiscal years.
Not shown because recent periods are missing (36)
- Azure & Microsoft Cloud › Azure & other cloud services revenue growth y/y › Contribution from AI services (points)
- Azure & Microsoft Cloud › Microsoft Cloud revenue › Commercial cloud annualized run-rate (legacy)
- Azure & Microsoft Cloud › AI business annual revenue run-rate
- AI infrastructure build-out › Datacenter leases signed, not yet commenced › Finance leases (split disclosed until FY2025)
- AI infrastructure build-out › Datacenter leases signed, not yet commenced › Operating leases (split disclosed until FY2025)
- AI infrastructure build-out › Computer equipment & software at cost › Growth y/y
- AI infrastructure build-out › Tokens processed
- Commercial demand: bookings, RPO & unearned › Unearned revenue › Commercial unearned revenue (legacy)
- Commercial demand: bookings, RPO & unearned › Commercial revenue annuity mix
- Commercial demand: bookings, RPO & unearned › Contracted not billed (legacy)
- Microsoft 365, LinkedIn & Dynamics › Office products and cloud services (until FY2024) › Office Commercial growth y/y
- Microsoft 365, LinkedIn & Dynamics › Office products and cloud services (until FY2024) › Office Consumer growth y/y
- Microsoft 365, LinkedIn & Dynamics › Office products and cloud services (until FY2024)
- Microsoft 365, LinkedIn & Dynamics › LinkedIn revenue › Sessions growth y/y
- Microsoft 365, LinkedIn & Dynamics › LinkedIn revenue › Members
- Microsoft 365, LinkedIn & Dynamics › Microsoft Teams active users
- Windows, Devices & PC market › Windows and Devices revenue › Windows OEM growth y/y › − non-Mac PC unit growth (pp)
- Windows, Devices & PC market › Windows and Devices revenue › Windows OEM growth y/y
- Windows, Devices & PC market › Windows and Devices revenue › Windows OEM Pro growth (legacy)
- Windows, Devices & PC market › Windows and Devices revenue › Windows OEM non-Pro growth (legacy)
- Windows, Devices & PC market › Windows and Devices revenue › Windows Commercial products & cloud growth (legacy)
- Windows, Devices & PC market › Windows and Devices revenue › Monthly active Windows devices
- Windows, Devices & PC market › Windows revenue (until FY2024)
- Windows, Devices & PC market › Devices revenue (until FY2024) › Devices growth y/y
- Windows, Devices & PC market › Devices revenue (until FY2024) › Surface revenue (legacy)
- Windows, Devices & PC market › Devices revenue (until FY2024)
- Gaming (Xbox) › Gaming revenue › Xbox content & services growth y/y › Net impact of Activision Blizzard (points)
- Gaming (Xbox) › Gaming revenue › Xbox hardware growth y/y
- Gaming (Xbox) › Gaming revenue › Xbox Live monthly active users
- Gaming (Xbox) › Gaming revenue › Game Pass subscribers
- Gaming (Xbox) › Gaming revenue › Gaming revenue (IR table, legacy)
- AI adoption (as stated on earnings calls) › GitHub Copilot users
- AI adoption (as stated on earnings calls) › GitHub Copilot paid subscribers
- AI adoption (as stated on earnings calls) › GitHub users
- AI adoption (as stated on earnings calls) › Copilot apps monthly active users
- People & R&D › Full-time employees › Headcount growth y/y (quarterly, from calls)
Data updated 2026-10-22.
Every KPI on its own page
Full history, chart, sources and a citation for each metric