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
$521.13
▼ -$12.03(-2.26%)4:00 PM ET - vs previous closeQuote as of Nov 11, 2026, 4:00 PM EST
Regular-session close · Nov 11, 2026, 4:00 PM EST.
Long-term rangesAvailable historyHide
Historical range: 2000-11-13–2026-11-11. Earlier trading may not be included.
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Data dates
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FundamentalsLast checked
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NewsLatest item
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 resultsExplore business exposure, reported operating measures and the figures behind growth and profitability claims.
Narrative versus numbers
Demand is expanding
Supporting observation: 18.8%
Year-over-year growth in the latest quarter. This differs from the fiscal-year revenue change shown above. · Source timestamp: Sep 30, 2026
Growth produces accounting profit
Supporting observation: 41.2%
Net margin; the source did not supply a reporting period. Do not compare this reading with the quarterly or fiscal-year figures above. A positive margin does not establish cash generation. · Source timestamp: Nov 11, 2026, 2:46 PM EST
The business generates cash after investment
Supporting observation: USD 18.63B
Latest free cash flow from the statement feed. It is not a forecast and may cover a different period from the fiscal-year figures above. · Source timestamp: Sep 30, 2026
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
- $92.28Bquarter ended Sep 30, 2026
- Gross margin
- 67.8%quarter ended Sep 30, 2026
- Operating margin
- 49.8%quarter ended Sep 30, 2026
- EPS
- $4.92quarter ended Sep 30, 2026
- Capital expenditure
- $39.37Bquarter ended Sep 30, 2026
- Free cash flow
- $18.63Bquarter ended Sep 30, 2026
- Free cash flow margin
- 20.2%quarter ended Sep 30, 2026
- Operating cash / net income
- 1.58×quarter ended Sep 30, 2026
- Revenue growth year over year
- 18.8%quarter ended Sep 30, 2026
Competitors & comparisonsCompare industry peers, reporting periods and related funds. Business mix and valuation bases may differ.
Valuation & fund comparisonsExplore dated peer valuations, growth comparisons and related funds.
Governance & sustainability
After hours
Regular hours: 9:30 AM–4:00 PM America/New_York
Next open: 2026-11-12 · 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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