Microsoft is an enterprise cloud, productivity, Windows, gaming, security, and AI platform. The stock thesis depends on Azure growth, Microsoft 365 pricing power, Copilot monetization, OpenAI exposure, and disciplined AI infrastructure returns.
Microsoft Corp. (MSFT) Stock Price & Market Analysis
MSFT · NASDAQ · Software - Infrastructure
Last confirmed priceEarlier session print
$532.95
▲ +$1.08(+0.20%)4:00 PM ET - vs previous closeQuote as of Oct 21, 2026, 4:00 PM EDT
Regular-session close · Oct 21, 2026, 4:00 PM EDT.
Last session96%
$525.02L Oct 21 '26$533.28H Oct 21 '26
52-week range90%
$349.20L Jun 25 '26$553.72
Long-term rangesAvailable historyHide
Available history(2000-10-23)97%
$10.86L Mar 6 '09$551.15H Oct 13 '26
Historical range: 2000-10-23–2026-10-21. Earlier trading may not be included.
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Data dates
PriceDelayedLast traded
FundamentalsLast checked
AnalystLast checked
NewsLatest item
What matters next
Next important events
- Oct 28, 2026Next earningsConfirmed · Last verified 2026-10-21
Countdown
7 days out
Reported fundamentals
MSFT financial overview
Annual revenue
USD 331.84B
Sales for the fiscal year ended Jun 30, 2026. This is not trailing twelve-month revenue.
Revenue change
+17.8%
Change versus the fiscal year ended Jun 30, 2025.
Net profit margin
40.3%
Net income divided by revenue for the fiscal year ended Jun 30, 2026. This is not the trailing margin.
These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.
Company · ProfileAbout Microsoft Corp. (MSFT)Sector, leadership, and how Microsoft Corp. earns its revenue.Technology
Microsoft Corp.
NASDAQ · MSFT · US
Company overview.
- Sector
- Technology
- Industry
- Software - Infrastructure
- Headquarters
- Redmond, Washington
- Country
- US
- Founded
- 1975
- Employees
- 223,000
- Exchange
- NASDAQ
How Microsoft Corp. makes money
Azure
The core growth engine
Azure gives Microsoft direct exposure to cloud migration, AI workloads, data platforms, and enterprise infrastructure modernization.
Microsoft 365
Distribution is the moat
Office, Teams, Windows, and enterprise identity make Microsoft one of the best-positioned companies to distribute AI features into daily workflows.
Copilot
AI monetization has to scale
The bull case needs Copilot and AI services to become meaningful revenue per seat, not only product narrative.
Capex
Infrastructure returns matter
Microsoft AI data-center spending is large enough that investors must track backlog, utilization, and margin impact alongside revenue growth.
Key takeaways for MSFT
MSFT is an enterprise AI distribution story backed by Azure and Microsoft 365.
Copilot adoption and Azure AI workload growth are the key proof points.
The main risk is that AI capex grows faster than monetization and pressures free cash flow.
Business model & operating evidenceExplore business exposure, reported operating measures and the evidence behind growth and profitability claims.
AI business exposure
- Revenue exposure
- AI-specific revenue is not separated in the available company statements.
- Capital-spending dependency
- No reviewed quantitative dependency model is available.
- Compute role
- See the sourced business description; AI labels do not establish compute revenue.
- Platform examples
- An exhaustive, consistently defined product inventory is unavailable.
- Ecosystem links
- Supplier and customer links require reviewed disclosures.
Narrative versus numbers
Demand is expanding
Supporting observation: 17.7%
Year-over-year growth in the latest quarter. This differs from the fiscal-year revenue change shown above. · 2026-06-30
Growth produces accounting profit
Supporting observation: 40.3%
Reported-period net margin. A positive figure supports accounting profitability, not cash generation. · 2026-10-21T11:18:58.316Z
The business generates cash after investment
Supporting observation: USD 19.64B
Latest reported free cash flow. It is not a forecast and may cover a different period from the fiscal-year figures above. · 2026-06-30
These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.
Operating measures
- Revenue
- $90.01Bquarter ended Jun 30, 2026
- Gross margin
- 67.2%quarter ended Jun 30, 2026
- Operating margin
- 45.1%quarter ended Jun 30, 2026
- Capital expenditure
- $35.80Bquarter ended Jun 30, 2026
- Free cash flow
- $19.64Bquarter ended Jun 30, 2026
- Free cash flow margin
- 21.8%quarter ended Jun 30, 2026
- Operating cash / net income
- 1.55×quarter ended Jun 30, 2026
- Revenue growth year over year
- 17.7%quarter ended Jun 30, 2026
Competitors & comparisonsCompare industry peers, reporting periods and related funds. Business mix and valuation bases may differ.
Reviewed company relationships
Direct competitors, industry comparables and thematic alternatives have different uses. Compare fiscal periods and business mix before comparing multiples.
Company-specific relationship evidence is not included in this snapshot. Explore the industry comparisons below without assuming that every comparable is a direct competitor.
A disclosed relationship is historical evidence, not a current valuation or a recommendation.
Valuation & fund comparisonsExplore dated peer valuations, growth comparisons and related funds.
Governance & sustainability
Research tools
After hours
Regular hours: 9:30 AM–4:00 PM America/New_York
Next open: 2026-10-22 · 9:30 AM America/New_York
Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.
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