NASDAQ · Technology · Financials

Microsoft Corp. financials & valuation

Name: MSFT quarterly income statement history
Creator: TECHi

Reported statements, fiscal periods and valuation definitions in one place.

Last confirmed price: $521.91-1.55%; Oct 30, 2026, 4:00 PM EDT · Prices may be delayed
Market cap · last reported: $3.88T; Nov 1, 2026 · Valuation and sources

Data dates

Prices as of Oct 30, 4:00 PM EDT · Fundamentals checked Oct 31, 9:07 PM EDT · Statement period ended Sep 30, 2026

Financial statements

Revenue

331.84B

FY2026 · ended Jun 30, 2026

Operating Income

155.24B

FY2026 · ended Jun 30, 2026

Net Income

133.75B

FY2026 · ended Jun 30, 2026

Amounts in USD. B = billions · M = millions. Scroll horizontally for earlier periods.

Sources, units & calculation notes

Reported statement data. Per-share figures are in USD/share; margins in %, debt/equity in ×. TTM sums four consecutive quarters; balance sheets remain period-end balances. A trailing-twelve-month EPS figure is not the sum of the quarterly EPS cells. Growth requires comparable positive values. EPS reflects the reported share count and any stock splits. A missing quarter may show calculated EPS when the necessary net income and share figures are available. EPS comparisons require consistent accounting and split adjustments. Use Tab to move between controls and arrow keys within the table.

MSFT annual income
FY2026Ended Jun 30, 2026Filed Jul 29, 2026Source filing	FY2025Ended Jun 30, 2025As reported in the Jul 29, 2026 filingSource filing	FY2024Ended Jun 30, 2024As reported in the Jul 29, 2026 filingSource filing	FY2023Ended Jun 30, 2023Filed Jul 30, 2025Source filing	1Y change	3Y annual growth
331.84B	281.72B	245.12B	211.92B	17.8%	16.1%
133.75B	101.83B	88.14B	72.36B	31.3%	22.7%
225.47B	193.89B	171.01B	146.05B	16.3%	15.6%
155.24B	128.53B	109.43B	88.52B	20.8%	20.6%

Earnings quality · Jun 30, 2026

Net income: 133.75B
Free cash flow: 66.99B
Stock-based compensation: 12.41B
FCF / net income: 50.1%
Accrual gap / revenue: -14.8%
Cash conversion: Weak cash conversion

Accrual gap = (net income − operating cash flow) / revenue. TECHi descriptive thresholds: strong ≥100%, moderate 75–100%, weak <75%. CapEx timing, working capital and industry structure affect the ratio; it is not an accounting audit.

Download quarterly income CSV

Changes between reports

Q1 Sep 30, 2026 versus Q4 Jun 30, 2026

Reported periods shown above are compared directly; a missing intervening quarter is not inferred. Margin changes are in percentage points (pp).

Revenue: 92.28B↑ +2.5%; Previous: 90.01B · USD
Gross margin: 67.79%↑ +0.6 pp; Previous: 67.20%
Operating margin: 49.76%↑ +4.6 pp; Previous: 45.11%
Net margin: 39.69%↓ -0.04 pp; Previous: 39.74%
Cash: 20.28B↓ -3.1%; Previous: 20.94B · USD
Debt: 35.48B↓ -11.9%; Previous: 40.29B · USD
Inventory: 1.84B↑ +31.4%; Previous: 1.4B · USD
Capex: 39.37B↑ +10.0%; Previous: 35.8B · USD
Stock-based compensation: 3.13B↑ +0.4%; Previous: 3.12B · USD

Reported-period comparison. Guidance and risk-factor changes require reading the filings.

Read the filings

Valuation & ratios

Multiples with negative or missing earnings are not meaningful. Annual free cash flow yield uses the latest fiscal year; provider forward multiples may use a different earnings horizon.

Valuation history and definitions

5Y median / percentile: Five-year observations unavailable
Forward EPS vs trailing EPS: 4.51%
PEG: 5.79×PEG is the forward P/E divided by the expected EPS growth rate in percent.

EPS growth proxy compares the available annual estimate (FY2027 period end 2027-06-30) with trailing EPS; it is not a multi-year consensus growth rate. Historical valuation uses dated observations, using price divided by the annual EPS estimate recorded that day. P/E observations without a stated earnings period are excluded. Available P/E observations: 27 since 2026-09-26.

Why valuation ratios differ

Forward P/E can use next fiscal year, current fiscal year or next-twelve-month earnings; trailing P/E can use GAAP or adjusted earnings and different closing prices. TECHi compares figures with the same earnings basis and reporting period. Different definitions are not averaged together.

Metric	Value / formula	Reporting period and date
Trailing P/E	27.24	Oct 31, 2026, 9:07 PM EDT
Trailing EPS	19.16	Oct 31, 2026, 9:07 PM EDT
Price ÷ annual EPS estimate	26.07×	TECHi calculation · FY2027 period end 2027-06-30

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