Microsoft Corporation (MSFT) income statement
NASDAQ · Technology · Software - Infrastructure · 223,000 employees · CEO Satya Nadella
- Price
- $521.91 -1.55%
- Market cap
- $3.88T
- Enterprise value
- $3.99T
- Last report
- Q1 '27 filed 2026-10-28
- Next report
- 2027-01-27 EPS est. $4.85
Microsoft Corporation (MSFT) reported revenue of $92.3B for Q1 '27 (+18.8% year on year), operating income of $45.9B (49.8% of revenue) and net income of $36.6B. Over the last four quarters revenue was $346B.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $62B | $61.9B | $64.7B | $65.6B | $69.6B | $70.1B | $76.4B | $77.7B | $81.3B | $82.9B | $90B | $92.3B | |
| Cost of revenue | $19.6B | $18.5B | $19.7B | $20.1B | $21.8B | $21.9B | $24B | $24B | $26B | $26.8B | $29.5B | $29.7B | |
| Gross profit | $42.4B | $43.4B | $45B | $45.5B | $47.8B | $48.1B | $52.4B | $53.6B | $55.3B | $56.1B | $60.5B | $62.6B | |
| Research & development | $7.14B | $7.65B | $8.06B | $7.54B | $7.92B | $8.2B | $8.83B | $8.15B | $8.5B | $8.92B | $10B | $9.05B | |
| Sales & marketing | $6.25B | $6.21B | $6.82B | $5.72B | $6.44B | $6.21B | $7.29B | $5.72B | $6.58B | $6.81B | $7.6B | $5.72B | |
| General & administrative | $1.98B | $1.91B | $2.25B | $1.67B | $1.82B | $1.74B | $1.99B | $1.81B | $1.93B | $1.93B | $2.29B | $1.88B | |
| Operating expenses | $15.4B | $15.8B | $17.1B | $14.9B | $16.2B | $16.1B | $18.1B | $15.7B | $17B | $17.7B | $19.9B | $16.6B | |
| Operating income | $27B | $27.6B | $27.9B | $30.6B | $31.7B | $32B | $34.3B | $38B | $38.3B | $38.4B | $40.6B | $45.9B | |
| Interest income | $734M | $619M | $638M | $681M | $600M | $597M | $769M | $976M | $840M | $730M | $755M | $744M | |
| Interest expense | $909M | $800M | $701M | $582M | $594M | $594M | $615M | $698M | $736M | $778M | $839M | $870M | |
| Other non-operating income (gains on investments, FX ...) | -$403M | $54M | -$26M | -$299M | $1.69B | $29M | $1.09B | $2.96B | -$10.7B | -$1.72B | -$4.28B | -$908M | |
| Total non-operating income | -$506M | -$854M | -$675M | -$283M | -$2.29B | -$623M | -$1.71B | -$3.66B | $9.97B | $942M | $3.44B | $38M | |
| Income before tax | $26.5B | $26.7B | $27.3B | $30.3B | $29.4B | $31.4B | $32.6B | $34.3B | $48.2B | $39.3B | $44B | $46B | |
| Income tax | $4.66B | $4.79B | $5.21B | $5.6B | $5.26B | $5.55B | $5.38B | $6.55B | $9.79B | $7.56B | $8.28B | $9.32B | |
| Net income | $21.9B | $21.9B | $22B | $24.7B | $24.1B | $25.8B | $27.2B | $27.7B | $38.5B | $31.8B | $35.8B | $36.6B | |
| EPS (basic) | $2.94 | $2.95 | $2.96 | $3.32 | $3.24 | $3.47 | $3.66 | $3.73 | $5.18 | $4.28 | $4.81 | $4.93 | |
| EPS (diluted) | $2.93 | $2.94 | $2.95 | $3.30 | $3.23 | $3.46 | $3.65 | $3.72 | $5.16 | $4.27 | $4.80 | $4.92 | |
| Shares (basic, weighted) | 7.43B | 7.43B | 7.43B | 7.43B | 7.44B | 7.43B | 7.43B | 7.43B | 7.43B | 7.43B | 7.43B | 7.43B | |
| Shares (diluted, weighted) | 7.47B | 7.47B | 7.47B | 7.47B | 7.47B | 7.46B | 7.46B | 7.47B | 7.46B | 7.45B | 7.45B | 7.45B | |
| Depreciation & amortization | $5.96B | $6.03B | $6.38B | $7.38B | $6.83B | $8.74B | $11.2B | $13.1B | $9.2B | $10.2B | $11B | $11.7B | |
| EBITDA | $33.4B | $33.6B | $34.3B | $38.2B | $36.8B | $40.7B | $44.4B | $48.1B | $58.2B | $50.3B | $55.9B | $58.6B |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.6B | $110B | $126B | $143B | $168B | $198B | $212B | $245B | $282B | $332B | |
| Cost of revenue | $34.3B | $38.4B | $42.9B | $46.1B | $52.2B | $62.7B | $65.9B | $74.1B | $87.8B | $106B | |
| Gross profit | $62.3B | $72B | $82.9B | $96.9B | $116B | $136B | $146B | $171B | $194B | $225B | |
| Research & development | $13B | $14.7B | $16.9B | $19.3B | $20.7B | $24.5B | $27.2B | $29.5B | $32.5B | $35.6B | |
| Sales & marketing | $15.5B | $17.5B | $18.2B | $19.6B | $20.1B | $21.8B | $22.8B | $24.5B | $25.7B | $26.7B | |
| General & administrative | $4.48B | $4.75B | $4.89B | $5.11B | $5.11B | $5.9B | $7.58B | $7.61B | $7.22B | $7.96B | |
| Other operating expenses | $306M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $33B | $36.9B | $40B | $44B | $45.9B | $52.2B | $57.5B | $61.6B | $65.4B | $70.2B | |
| Operating income | $29B | $35.1B | $43B | $53B | $69.9B | $83.4B | $88.5B | $109B | $129B | $155B | |
| Interest income | $1.39B | $2.21B | $2.76B | $2.68B | $2.13B | $2.09B | $2.99B | $3.16B | $2.65B | $3.3B | |
| Interest expense | $2.22B | $2.73B | $2.69B | $2.59B | $2.35B | $2.06B | $1.97B | $2.94B | $2.39B | $3.05B | |
| Other non-operating income (gains on investments, FX ...) | -$3.1B | -$4.15B | -$3.42B | -$2.67B | -$3.53B | -$2.4B | -$2.76B | -$1.29B | $2.52B | -$13.7B | |
| Total non-operating income | $876M | $1.42B | $729M | $77M | $1.19B | $333M | $788M | -$1.65B | -$4.9B | $10.7B | |
| Income before tax | $29.9B | $36.5B | $43.7B | $53B | $71.1B | $83.7B | $89.3B | $108B | $124B | $166B | |
| Income tax | $4.41B | $19.9B | $4.45B | $8.76B | $9.83B | $11B | $17B | $19.7B | $21.8B | $32.2B | |
| Net income | $25.5B | $16.6B | $39.2B | $44.3B | $61.3B | $72.7B | $72.4B | $88.1B | $102B | $134B | |
| EPS (basic) | $3.29 | $2.15 | $5.11 | $5.82 | $8.12 | $9.70 | $9.72 | $11.86 | $13.70 | $18.00 | |
| EPS (diluted) | $3.25 | $2.13 | $5.06 | $5.76 | $8.05 | $9.65 | $9.68 | $11.80 | $13.64 | $17.95 | |
| Shares (basic, weighted) | 7.75B | 7.7B | 7.67B | 7.61B | 7.55B | 7.5B | 7.45B | 7.43B | 7.43B | 7.43B | |
| Shares (diluted, weighted) | 7.83B | 7.79B | 7.75B | 7.68B | 7.61B | 7.54B | 7.47B | 7.47B | 7.47B | 7.45B | |
| Depreciation & amortization | $8.78B | $10.3B | $11.7B | $12.8B | $11.7B | $14.5B | $13.9B | $22.3B | $34.2B | $38.5B | |
| EBITDA | $40.9B | $49.5B | $58.1B | $68.4B | $85.1B | $100B | $105B | $133B | $160B | $208B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01