undamentalytics Newsletter
Sign in

Microsoft Corporation (MSFT) stock

Add to watchlist

Add holding +

NASDAQ: MSFT Nasdaq Systems Software Next results ~January 27, 2027

B Fundamentals grade

Microsoft is a technology company founded in 1975 that builds software, services, devices and solutions across AI, cloud computing, productivity and personal computing. Its products include the Windows operating system, server software, business applications, developer tools and video games, alongside hardware such as Surface PCs, tablets, Xbox consoles and accessories. Cloud-based offerings supply AI, platforms and content, and it also runs online advertising.

Customers range from individual consumers to small and medium businesses, large multinationals and public-sector bodies. Revenue comes from cloud and consumption-based services, subscriptions such as Microsoft 365, LinkedIn Premium and Xbox Game Pass, software licences sold directly, through partners or pre-installed by device makers, hardware sales and advertising.

The business reports through three segments: Productivity and Business Processes (Microsoft 365, LinkedIn and Dynamics), Intelligent Cloud (the Azure platform, server products and GitHub) and More Personal Computing (Windows, devices, Xbox and search advertising). It sells worldwide via direct and partner channels and operates datacentres across the Americas, Asia Pacific, Europe and the Middle East. As of 30 June 2026 it employed roughly 223,000 people full-time.

Based on Microsoft Corporation's 10-K filed July 29, 2026.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$390

Cash-flow model

Base case. Range ~$290–$500 across our lower- and higher-growth cases (12.3%–22.3% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 24% below it.

Price used: $507.12, November 2, 2026

Microsoft Corporation valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Microsoft files

10-Q filed October 28: Microsoft

Microsoft's revenue reached $346.4bn in the twelve months to September 2026, up 17.9% on a year earlier and roughly in line with the pace seen a quarter earlier. Free-cash-flow margin, however, slipped to 17.3% from 26.6% a year ago. Reflecting this, our fundamentals grade moves from B to C+. Our model value is little changed at $381 a share, well below the current price of $531. We keep the rating at Sell. At that price, the market appears to be pricing in cash-flow growth of about 23.6% a year for the next five years, far outpacing the 11.8% annual revenue growth the company has actually delivered.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Microsoft stands after its latest 10-K

Revenue for the twelve months to June 2026 was $331.8bn, up 17.8% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin fell to 20.2% from 25.4% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 6 of our 7 financial-health checks. Our cash-flow model value is $353 a share, against a share price of $532. At that price, our model says the market is pricing in about 24.6% a year of cash-flow growth for five years, faster than the 14.6% a year revenue growth it has delivered.

10-K on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Microsoft Corporation's trailing-twelve-month revenue grew 17.9% year on year, with a free-cash-flow margin of 17.3%. Where it stands out: operating margin of 47.1% ranks 1 of 34 systems software companies we cover.

Our discounted-cash-flow model values the business at ~$390 per share in the base case (~$290–$500 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 23.1% while net income grew 36.0%: a 59pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 17.9% over the last 12 months, against a median of 16.9% for systems software companies we cover.
  • High operating margin. 47.1% of revenue is left as operating profit, against a median of 3.8% for systems software companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $507.12 is 24% above our value per share of $390.
  • Weak cash conversion. Free cash flow was 42% of net income over the last 12 months.

Latest results: FY2027 Q1

Filed October 28, 2026
Earnings per share
$4.89 against an average estimate of $4.72: beat by 3.6%
Revenue
$92.28bn, up 18.8% on a year earlier
Share reaction
-0.2% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
January 27, 2027; average EPS estimate $4.86

Microsoft's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.8%
  • 1 week-4.8%
  • 1 month-2.0%
  • This year+5.5%
  • 1 year-1.3%
  • 5 years+58.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$346B
Operating margin
47.1%
Net margin
41.2%
EPS (TTM, diluted)
$19.15

Growth

Revenue growth
+17.9%
Change in growth rate
+0.1 pts
Share count change
−0.2%

Cash

Free cash flow (TTM)
$60B
FCF margin
17.3%
Stock pay % of revenue
3.6%

Earnings

Last results
October 28, 2026
Next results (est.)
January 27, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Product

    Microsoft and Lumen expand co-selling partnership for enterprise networks

    Microsoft Corporation said it has expanded its collaboration with Lumen Technologies to co-sell enterprise network solutions. The partnership aims to help customers connect distributed data and applications for AI workloads on Azure. Lumen will also make its Alkira cloud-native networking solution available through the Microsoft Marketplace.

    Company releaseRead source ↗
  3. Announcement

    Microsoft prices $25 billion bond issue

    Microsoft Corporation said it priced a $25 billion offering of senior unsecured notes on October 29, 2026. The deal includes fixed and floating rate tranches maturing between 2028 and 2066. The company stated it will use the proceeds for general corporate purposes, with the transaction expected to close on November 4, 2026.

    Company releaseRead source ↗
  4. Announcement

    Microsoft Cloud revenue tops $63B as growth hits 30%

    Microsoft Corporation reported that Microsoft Cloud revenue surpassed $63B, with year-over-year growth accelerating to 30%. The company stated that daily Copilot users grew nearly 50% quarter-over-quarter, while Foundry revenue more than tripled. Microsoft also noted that over 50M agents are now active in A365.

    Company releaseRead source ↗
  5. Results

    Microsoft posts $92.3bn revenue for first quarter

    Microsoft Corporation reported first quarter revenue of $92.3 billion, a 19% rise year over year. Net income reached $36.6 billion on a GAAP basis, while operating income climbed 21% to $45.9 billion. The company returned $10.2 billion to shareholders through dividends and share repurchases during the period.

    Company releaseRead source ↗SEC filing ↗
  6. Announcement
  7. Announcement

    Microsoft unveils new GitHub agent tools at Universe

    Microsoft Corporation announced several GitHub updates at its Universe event. The company said GitHub Copilot Fusion delivers results 40% faster and at up to 77% lower cost. It also introduced a unified Copilot harness in Foundry and Copilot Projects for multi-agent orchestration.

    Company releaseRead source ↗
  8. Announcement
  9. Announcement

    Microsoft outlines platform strategy for AI adoption

    Microsoft Corporation said it is adopting a platform approach to support customer transformation. The company cited examples including Volkswagen, which scaled Copilot to 330,000 employees, and Fujitsu, where usage surpassed 90%. Microsoft also noted that KOHLER reached 98% adoption of the tool.

    Company releaseRead source ↗
  10. Announcement
  11. Our research
  12. Announcement

    Microsoft details AI agents rewriting Windows and Azure code

    Microsoft Corporation said it has used AI agents to transform large codebases, including a 400-million-line Windows migration to a new compiler toolchain. The company stated that it combines these agents with static analysis and formal verification to validate changes. Microsoft added that this approach allows a small team of experts to manage large-scale modernization tasks.

    Company releaseRead source ↗
  13. Announcement

    Microsoft releases AI education research book

    Microsoft Corporation published Learning Curves, a collection of essays from its AI Economy Institute. The book examines how artificial intelligence affects K-12 classrooms and career transitions. It notes that national AI adoption rates vary significantly, from above 70% in the UAE to low single digits in sub-Saharan Africa.

    Company releaseRead source ↗
  14. Announcement
  15. Announcement

    Volkswagen extends Copilot access to 330,000 staff

    Microsoft Corporation said Volkswagen Group will provide Microsoft Copilot to more than 330,000 employees. The rollout covers roles in engineering, production, procurement, and sales. The company stated the move builds on its existing digital transformation partnership with the automaker.

    Company releaseRead source ↗
  16. Announcement

    Microsoft AI diagnostic tool outperforms doctors in new study

    Microsoft Corporation said its MAI-DxO system achieved higher accuracy than physicians in recent tests. The company reported the tool was 1.7 times more accurate on emergency cases and more than twice as accurate on complex diagnoses. It also reached correct conclusions at half or one third of the cost.

    Company releaseRead source ↗
  17. Announcement
  18. Announcement

    Microsoft Research introduces Flint-interactive for AI-generated charts

    Microsoft Corporation said it has developed Flint-interactive, a language that allows AI agents to build interactive data visualizations. The tool uses a compiler to handle interaction logic, reducing the need for low-level code. It supports features such as filtering and cross-chart updates, aiming to improve the reliability of generated dashboards.

    Company releaseRead source ↗
  19. Product

    Microsoft partners with library group on free AI training

    Microsoft Corporation said it has launched a new programme with the Public Library Association to provide no-cost AI literacy training. The initiative, called Building AI Skills and Agency Through Libraries, will offer webinars and resources for library staff and patrons. The company stated the move supports its earlier commitment to expand access to AI learning through local institutions.

    Company releaseRead source ↗
  20. Announcement
  21. Announcement
  22. Our research
  23. Our research
  24. Insider trade
  25. Insider trade
  26. Announcement
  27. Insider trade
  28. Insider trade
  29. Insider trade
  30. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Microsoft Corporation valuation models and calculator

What the price is pricing in

The share price implies about 23.1% a year of cash-flow growth for five years.That is faster than the 11.8% a year revenue growth Microsoft has delivered.

  • Priced in23.1%
  • Last 12 months17.9%
  • 3 years a year16.6%
  • 5 years a year11.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($511.07, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$390
Price used
$511.07close November 3, 2026
Implied change
▼ 24%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Microsoft Corporation's free cash flow after stock-based pay with after-tax interest added back ($70.4B, FY2027 Q1 TTM), growing 19.2% and 18.3% in the next two years (forecasts, guidance and its record), then back to 17.3% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$290–~$500 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Microsoft Corporation's free cash flow after stock-based pay ( $70.4B, FY2027 Q1 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Microsoft Corporation as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$390 ~$290–$500 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$400 ~$280–$860 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$370 ~$280–$510 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$310 ~$270–$360 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$370 ~$310–$400 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Microsoft Corporation with Systems Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▼ −34%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $140$189$254$339$451$595
8.5% $108$143$190$251$331$433
10% $88$116$152$199$259$337

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$45.16$62.35$90.94$125.54$193.07$259.49$248.02$332.04$439.21$492.54$372.32$507.12
Market value$361.8bn$488.3bn$708.8bn$973.3bn$1.48tn$1.97tn$1.87tn$2.48tn$3.28tn$3.68tn$2.77tn$3.78tn
+ Net debt (− = net cash)$47.0bn$78.6bn$64.3bn$61.4bn$53.8bn$49.7bn$41.6bn$18.2bn$33.3bn$19.0bn$25.2bn$21.0bn
Enterprise value$408.8bn$566.9bn$773.1bn$1.03tn$1.54tn$2.02tn$1.91tn$2.50tn$3.31tn$3.70tn$2.80tn$3.80tn
Multiples
Price / sales 4.0x5.1x6.4x7.7x10.4x11.7x9.4x11.7x13.4x13.1x8.4x10.9x
Price / earnings 17.6x19.2x42.8x24.8x33.5x32.2x25.7x34.3x37.2x36.1x20.7x26.5x
Price / free cash flow 14.5x15.6x22.0x25.4x32.8x35.2x28.7x41.7x44.3x51.3x41.4x63.0x
EV / EBITDA 13.2x16.1x18.1x19.7x24.1x25.5x19.9x25.1x26.6x24.6x14.8x18.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

90 /100

Strong moat

How hard Microsoft's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 27.2% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 68.3%, moving by 1.5 percentage points (standard deviation) across 10 years.

  • Durability 20 / 20

    Operating margin has been a median 41.9%; its worst year was 30.3%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 29.4% of revenue.

  • Discipline 15 / 20

    The diluted share count fell 1.9% over five years; stock-based pay has been a median 3.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (95 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 27, 2027, after the close. Analysts expect revenue of $96.6bn and EPS of $4.86 (range $4.82 to $4.97) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $20.02 +16% $395.6bn +19%
Next $24.14 +21% $474.6bn +20%

Next year's EPS estimate has moved +2.8% in 90 days, across 33 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.7% on 90 days ago. In the last 30 days, 5 analysts raised Microsoft Corporation's forecast and 0 cut it.

Consensus EPS forecast Microsoft Corporation, last 90 days
$18.00 $20.00 $22.00 $24.00 $26.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $19.68 Current fiscal year, 60 days ago: $19.75 Current fiscal year, 30 days ago: $19.76 Current fiscal year, 7 days ago: $19.76 Current fiscal year, Now: $20.02 $20.02 Next fiscal year, 90 days ago: $23.47 Next fiscal year, 60 days ago: $23.57 Next fiscal year, 30 days ago: $23.68 Next fiscal year, 7 days ago: $23.70 Next fiscal year, Now: $24.14 $24.14

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $19.68$23.47
60 days ago $19.75$23.57
30 days ago $19.76$23.68
7 days ago $19.76$23.70
Now $20.02$24.14

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $4.72 $4.89 +3.6%
Jun 2026 $4.24 $4.74 +11.8%
Mar 2026 $4.07 $4.27 +4.8%
Dec 2025 $3.92 $4.14 +5.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 28, 2026

No numeric guidance in Microsoft Corporation's latest earnings release (filed October 28, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Microsoft Corporation's revenue by +19.2% next year and +18.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+20.0%, weight 70%) and the company's own record (+17.3%, weight 30%) . How the weights are set.

Analyst recommendations

56 analysts, Oct 2026
Buy5191%
Hold59%
Sell00%

Monthly trend

  1. Oct 20261239556
  2. Sep 2026143955
  3. Aug 2026143855
  4. Jul 2026144057

Counts of recommendations published by analysts covering Microsoft Corporation, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.9%
of tradable shares
Days to cover
2.94
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
76%
of shares
Held by insiders
0.1%
of shares
Employees
223,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −1.3%

$513.58 on October 31, 2025 to $507.12

ThenNowEffect
Revenue (last 12 months) $281.7bn $331.8bn +17.8%
Net margin 36.1% 40.3% +11.5%
P/E multiple 37.6x 28.3x −24.9%
Share count 7465m 7453m +0.2%

Biggest factor: p/e multiple.

Last 3 years +47.1%

$344.73 on November 3, 2023 to $507.12

ThenNowEffect
Revenue (last 12 months) $211.9bn $331.8bn +56.6%
Net margin 34.1% 40.3% +18.0%
P/E multiple 35.6x 28.3x −20.6%
Share count 7472m 7453m +0.3%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MSFT+53%−28%+58%+13%+16%+6%
Industry peers (median)+21%−48%+29%+23%−1%+26%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MSFT75%25%67%58%42%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MSFT−9%−36%−13%−16%−21%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 37% from November 19, 2021 to November 3, 2022. Getting back needed a 59% gain, reached on June 15, 2023, 224 days after the low.

Price behaviour

52-week range
$352.17 – $543.45
From 52-week high
−6.7%
vs 50-day average
−1.2%
vs 200-day average
+16.0%
Volatility (1 year)
33%
Beta vs S&P 500
1.00

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±5.3%
After a week
3 up, 8 down
typical move ±7.3%
After a month
5 up, 6 down
typical move ±9.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −0.2% 0.0% — —
July 29, 2026 +14.7% +0.1% +23.9% +28.6%
April 29, 2026 −5.0% +1.0% −3.6% +5.1%
January 28, 2026 −9.8% −0.2% −13.8% −18.1%
October 29, 2025 −3.0% −1.1% −6.4% −9.1%
July 30, 2025 +4.1% −0.5% +2.4% −0.4%
April 30, 2025 +8.0% +0.7% +10.0% +17.0%
January 29, 2025 −7.2% +0.1% −7.6% −11.0%
October 30, 2024 −5.9% −2.3% −2.7% −1.8%
July 30, 2024 −2.0% +1.1% −6.4% −3.6%
April 25, 2024 −0.7% +0.6% −2.7% +5.3%
January 30, 2024 −3.0% −1.7% −1.0% +1.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Microsoft Corporation’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.48× the last 60 days’ realised volatility , richer than 91% of the 229 stocks we screen today.
  • Puts are priced 4 points richer than calls (25-delta): the market is paying up for downside protection, which favours selling puts over calls.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

MSFT Microsoft Corporation Grade B $513.82

Own 100 shares, sell the $555 call expiring December 4, 2026 (32 days) for $2.81 a share — $281 per contract.

Previous session · Bid $2.81, ask $3.40, quoted Mon 2 Nov, 17:12 New York time with MSFT at $513.82. Option prices move with the shares: check the live chain at your broker before trading.

  • If MSFT ends below $555: you keep your shares and the $281 — 0.6% extra on the position, 6.2% a year at that pace.
  • If it ends above $555: your shares are sold at $555, a total return of 8.6% including the premium — at or above our value of ~$390.
$4.4k $0 −$10.2k Break-even $511.01 Price $513.82 ← Our value ~$390
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$281
Annualised
6.2%
Break-even
$511.01
Max gain
$4,399
Chance of selling
~20%

Collar

Own the shares, buy the $485 put and sell the $555 call, both expiring December 4, 2026 (32 days).

  • Net cost of $7.24 a share ($724 per contract of 100 shares).
  • Worst case at expiry: -7.0%, if the shares fall below $485 (-5.6% from today).
  • Best case at expiry: +6.6%, if the shares rise above $555 (+8.0%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $390: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Microsoft Corporation in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Microsoft Corporation
$200B $250B $300B $350B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $227.6B Revenue (TTM), FY24 Q3: $236.6B Revenue (TTM), FY24 Q4: $245.1B Revenue (TTM), FY25 Q1: $254.2B Revenue (TTM), FY25 Q2: $261.8B Revenue (TTM), FY25 Q3: $270B Revenue (TTM), FY25 Q4: $281.7B Revenue (TTM), FY26 Q1: $293.8B Revenue (TTM), FY26 Q2: $305.5B Revenue (TTM), FY26 Q3: $318.3B Revenue (TTM), FY26 Q4: $331.8B Revenue (TTM), FY27 Q1: $346.4B $346.4B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $227.6B
FY24 Q3 $236.6B
FY24 Q4 $245.1B
FY25 Q1 $254.2B
FY25 Q2 $261.8B
FY25 Q3 $270B
FY25 Q4 $281.7B
FY26 Q1 $293.8B
FY26 Q2 $305.5B
FY26 Q3 $318.3B
FY26 Q4 $331.8B
FY27 Q1 $346.4B
Revenue growth, TTM YoY Microsoft Corporation
10% 12% 14% 16% 18% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 11.5% Revenue growth, TTM YoY, FY24 Q3: 14.0% Revenue growth, TTM YoY, FY24 Q4: 15.7% Revenue growth, TTM YoY, FY25 Q1: 16.4% Revenue growth, TTM YoY, FY25 Q2: 15.0% Revenue growth, TTM YoY, FY25 Q3: 14.1% Revenue growth, TTM YoY, FY25 Q4: 14.9% Revenue growth, TTM YoY, FY26 Q1: 15.6% Revenue growth, TTM YoY, FY26 Q2: 16.7% Revenue growth, TTM YoY, FY26 Q3: 17.9% Revenue growth, TTM YoY, FY26 Q4: 17.8% Revenue growth, TTM YoY, FY27 Q1: 17.9% 17.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 11.5%
FY24 Q3 14.0%
FY24 Q4 15.7%
FY25 Q1 16.4%
FY25 Q2 15.0%
FY25 Q3 14.1%
FY25 Q4 14.9%
FY26 Q1 15.6%
FY26 Q2 16.7%
FY26 Q3 17.9%
FY26 Q4 17.8%
FY27 Q1 17.9%
Operating margin (TTM) Microsoft Corporation
44% 45% 46% 47% 48% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 44.2% Operating margin (TTM), FY24 Q3: 44.7% Operating margin (TTM), FY24 Q4: 44.6% Operating margin (TTM), FY25 Q1: 44.5% Operating margin (TTM), FY25 Q2: 45.0% Operating margin (TTM), FY25 Q3: 45.2% Operating margin (TTM), FY25 Q4: 45.6% Operating margin (TTM), FY26 Q1: 46.3% Operating margin (TTM), FY26 Q2: 46.7% Operating margin (TTM), FY26 Q3: 46.8% Operating margin (TTM), FY26 Q4: 46.8% Operating margin (TTM), FY27 Q1: 47.1% 47.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 44.2%
FY24 Q3 44.7%
FY24 Q4 44.6%
FY25 Q1 44.5%
FY25 Q2 45.0%
FY25 Q3 45.2%
FY25 Q4 45.6%
FY26 Q1 46.3%
FY26 Q2 46.7%
FY26 Q3 46.8%
FY26 Q4 46.8%
FY27 Q1 47.1%
FCF margin (TTM) Microsoft Corporation
15% 20% 25% 30% 35% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 29.6% FCF margin (TTM), FY24 Q3: 29.8% FCF margin (TTM), FY24 Q4: 30.2% FCF margin (TTM), FY25 Q1: 28.6% FCF margin (TTM), FY25 Q2: 26.7% FCF margin (TTM), FY25 Q3: 25.7% FCF margin (TTM), FY25 Q4: 25.4% FCF margin (TTM), FY26 Q1: 26.6% FCF margin (TTM), FY26 Q2: 25.3% FCF margin (TTM), FY26 Q3: 22.9% FCF margin (TTM), FY26 Q4: 20.2% FCF margin (TTM), FY27 Q1: 17.3% 17.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 29.6%
FY24 Q3 29.8%
FY24 Q4 30.2%
FY25 Q1 28.6%
FY25 Q2 26.7%
FY25 Q3 25.7%
FY25 Q4 25.4%
FY26 Q1 26.6%
FY26 Q2 25.3%
FY26 Q3 22.9%
FY26 Q4 20.2%
FY27 Q1 17.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Microsoft took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $332B
  2. Other income $10.7B · 3.2%
  3. Cost of revenue $106B · 32.1%
  4. Gross profit $225B · 67.9%
  5. Research and development $35.6B · 10.7%
  6. Selling, general and admin $34.7B · 10.4%
  7. Operating income $155B · 46.8%
  8. Income tax $32.2B · 9.7%
  9. Net income $134B · 40.3%

Shares of revenue. Source: Microsoft's 10-K for FY2026, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026 LTM Sept 2026
Income
Revenue 62.5 69.9 73.7 77.8 86.8 93.6 91.2 96.6 110.4 125.8 143.0 168.1 198.3 211.9 245.1 281.7 331.8 346.4
Gross profit 50.1 54.4 56.2 57.5 59.8 60.5 58.4 62.3 72.0 82.9 96.9 115.9 135.6 146.1 171.0 193.9 225.5 234.4
EBITDA 25.9 29.2 24.0 29.4 31.2 22.3 31.0 35.1 42.8 52.7 63.7 79.2 96.0 99.5 124.6 150.5 189.5 201.5
Operating income 24.1 27.2 21.8 26.8 27.8 18.2 26.1 29.0 35.1 43.0 53.0 69.9 83.4 88.5 109.4 128.5 155.2 163.2
Net income 18.8 23.2 17.0 21.9 22.1 12.2 20.5 25.5 16.6 39.2 44.3 61.3 72.7 72.4 88.1 101.8 133.7 142.6
Diluted EPS $2.10 $2.69 $2.00 $2.58 $2.63 $1.48 $2.56 $3.25 $2.13 $5.06 $5.76 $8.05 $9.65 $9.68 $11.80 $13.64 $17.95 $19.15
Growth (year on year)
Revenue +6.9% +11.9% +5.4% +5.6% +11.5% +7.8% −2.6% +5.9% +14.3% +14.0% +13.6% +17.5% +18.0% +6.9% +15.7% +14.9% +17.8% +17.9%
EBITDA +17.4% +12.6% −17.8% +22.5% +6.1% −28.6% +39.2% +13.4% +21.7% +23.2% +20.9% +24.4% +21.2% +3.7% +25.2% +20.8% +25.9% +25.7%
Operating income +18.3% +12.7% −19.9% +23.0% +3.7% −34.6% +43.6% +11.3% +20.8% +22.5% +23.3% +32.0% +19.3% +6.2% +23.6% +17.4% +20.8% +20.0%
Net income +28.8% +23.4% −26.7% +28.8% +1.0% −44.8% +68.4% +24.1% −35.0% +136.8% +12.8% +38.4% +18.7% −0.5% +21.8% +15.5% +31.3% +36.0%
Diluted EPS +29.6% +28.1% −25.7% +29.0% +1.9% −43.7% +73.0% +27.0% −34.5% +137.6% +13.8% +39.8% +19.9% +0.3% +21.9% +15.6% +31.6% +36.2%
Margins
Gross margin 80.2% 77.7% 76.2% 73.8% 68.8% 64.7% 64.0% 64.5% 65.2% 65.9% 67.8% 68.9% 68.4% 68.9% 69.8% 68.8% 67.9% 67.7%
EBITDA margin 41.4% 41.7% 32.5% 37.7% 35.9% 23.8% 34.0% 36.4% 38.7% 41.8% 44.5% 47.1% 48.4% 47.0% 50.8% 53.4% 57.1% 58.2%
Operating margin 38.6% 38.8% 29.5% 34.4% 32.0% 19.4% 28.6% 30.1% 31.8% 34.1% 37.0% 41.6% 42.1% 41.8% 44.6% 45.6% 46.8% 47.1%
Net margin 30.0% 33.1% 23.0% 28.1% 25.4% 13.0% 22.5% 26.4% 15.0% 31.2% 31.0% 36.5% 36.7% 34.1% 36.0% 36.1% 40.3% 41.2%
Free-cash-flow margin 35.4% 35.2% 39.8% 31.6% 31.1% 25.4% 27.4% 32.5% 29.2% 30.4% 31.6% 33.4% 32.9% 28.1% 30.2% 25.4% 20.2% 17.3%
Cash flow
Cash from operations 24.1 27.0 31.6 28.8 32.5 29.7 33.3 39.5 43.9 52.2 60.7 76.7 89.0 87.6 118.5 136.2 182.9 195.9
Capital spending 2.0 2.4 2.3 4.3 5.5 5.9 8.3 8.1 11.6 13.9 15.4 20.6 23.9 28.1 44.5 64.6 115.9 135.9
Free cash flow 22.1 24.6 29.3 24.6 27.0 23.7 25.0 31.4 32.3 38.3 45.2 56.1 65.1 59.5 74.1 71.6 67.0 60.0
Stock-based pay 1.9 2.2 2.2 2.4 2.4 2.6 2.7 3.3 3.9 4.7 5.3 6.1 7.5 9.6 10.7 12.0 12.4 12.6
Free cash flow after stock pay 20.2 22.5 27.1 22.2 24.6 21.2 22.3 28.1 28.3 33.6 39.9 50.0 57.6 49.9 63.3 59.6 54.6 47.4
Balance sheet
Cash 5.5 9.6 6.9 3.8 8.7 5.6 6.5 7.7 11.9 11.4 13.6 14.2 13.9 34.7 18.3 30.2 20.9 20.3
Total debt 5.9 11.9 11.9 15.6 22.6 35.3 53.5 86.2 76.2 72.8 67.4 63.9 55.5 52.9 51.6 49.2 46.1 41.3
Net debt (negative = net cash) 0.4 2.3 5.0 11.8 14.0 29.7 47.0 78.6 64.3 61.4 53.8 49.7 41.6 18.2 33.3 19.0 25.2 21.0
Diluted shares 8,927m 8,593m 8,506m 8,470m 8,399m 8,254m 8,013m 7,832m 7,794m 7,753m 7,683m 7,608m 7,540m 7,472m 7,469m 7,465m 7,453m 7,448m
Returned to shareholders
Dividends 4.6 5.2 6.4 7.5 8.9 9.9 11.0 11.8 12.7 13.8 15.1 16.5 18.1 19.8 21.8 24.1 26.4 27.0
Buybacks 11.3 11.6 5.0 5.4 7.3 14.4 16.0 11.8 10.7 19.5 23.0 27.4 32.7 22.2 17.3 18.4 22.3 21.0
Total returned 15.8 16.7 11.4 12.8 16.2 24.3 27.0 23.6 23.4 33.4 38.1 43.9 50.8 42.0 39.0 42.5 48.7 48.0

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · September 30, 2026
What it owns · $779.4bn
Short-term assets $186.1bnLonger-term assets $593.3bn
What it owes, and who funded it · $779.4bn
Short-term liabilities $152.0bnLonger-term liabilities $156.9bnShareholders' equity $470.5bn
  • Short-term assets cover short-term liabilities $186.1bn of assets due within a year against $152.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $186.1bn short-term assets against $156.9bn of longer-dated liabilities.
  • More cash than debt $20.3bn of cash against $35.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 8% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 30% to 8% over five years.
  • A year's operating cash flow covers at least 20% of debt $195.9bn of operating cash flow against $35.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $163.2bn against $3.2bn of interest.

From Microsoft Corporation's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q1 TTM
Buybacks (TTM)
$21B
Dividends (TTM)
$27B
Returned to shareholders
80%
of free cash flow
Buybacks, last 3 fiscal years
$57.9B
Diluted share count
−0.2%
year over year
Total shareholder yield
1.3%
dividends 0.7% + buybacks 0.6% of market value
Dividend payout ratio
19%
of net income paid out
R&D spending
10.5%
of revenue
Days sales outstanding
65 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in systems software
Last 12 months unless stated MSFT BLSH NOW PANW FTNT GEN Median
Revenue, last 12 months $346.4bn $244.8bn $15.4bn $11.5bn $7.9bn $5.2bn $1.1bn
Revenue growth, last 12 months 17.9% −2.2% 21.8% 24.5% 20.2% 16.9% 16.9%
Revenue growth, 3-year average 16.6% — 22.1% 18.5% 15.1% 11.7% 16.1%
Revenue growth, latest quarter 18.8% — 20.5% 34.5% 20.5% 12.2% 19.6%
Gross margin 67.7% 0.0% 73.1% 70.4% 79.7% 77.4% 69.6%
Operating margin 47.1% — 9.7% 6.1% 33.0% 41.8% 3.7%
Operating margin, 3-year average 46.0% — 11.9% 9.4% 30.8% 39.8% 4.0%
Net margin 41.2% −0.3% 9.4% 2.7% 29.0% 23.1% 2.4%
Cash from operations / revenue 56.5% 0.0% 34.6% 39.7% 46.8% 34.0% 16.6%
Free-cash-flow margin 17.3% 0.0% 30.8% 35.8% 43.5% 33.7% 15.0%
Free-cash-flow margin, 3-year average 24.1% — 31.2% 37.4% 34.5% 39.3% 18.8%
Stock pay / revenue 3.6% 0.0% 15.1% 15.8% 3.9% 4.3% 8.2%
Change in share count −0.2% 10.7% 0.9% 7.8% −3.7% −2.4% 2.7%

Median of all 37 companies we cover in systems software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

37 systems software companies
Measure Company Peer median Rank
Revenue growth Growth 17.9% 16.9% 18 of 37
Change in growth rate Growth +0.1pp -0.3pp 17 of 37
Gross margin Profitability 67.7% 70.4% 18 of 32
Operating margin Profitability 47.1% 3.8% 1 of 34
Net margin Profitability 41.2% 2.4% 2 of 37
Free-cash-flow margin Cash generation 17.3% 17.3% 17 of 34
Stock pay as % of revenue Cash generation 3.6% 8.5% 12 of 36
Long-term debt as % of assets Balance sheet 4.0% 4.3% 10 of 23
Change in share count Balance sheet -0.2% 3.1% 15 of 34
Days sales outstanding Balance sheet 65 days 72 days 12 of 29

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Segments
Line of business Revenue Share YoY
Productivity and Business Processes $140B 42.2% ▲ 15.9%
Intelligent Cloud $138B 41.5% ▲ 29.7%
More Personal Computing $54.1B 16.3% ▼ 1.1%
Products and services
Line of business Revenue YoY
Other services $267B ▲ 22.7%
Server Products and Cloud Services $129B ▲ 31.5%
Microsoft 365 Commercial Products and Cloud Services $102B ▲ 16.2%
Products $64.7B ▲ 1.2%
XBOX $21.8B ▼ 7.1%
Linked In Corporation $19.8B ▲ 11.3%
Windows and Devices $17.1B ▼ 1.3%
Search Advertising $15.2B ▲ 9.4%
Microsoft 365 Consumer Products and Cloud Services $9.2B ▲ 23.9%
Dynamics Products and Cloud Services $9B ▲ 15.1%
Enterprise and Partner Services $8.3B ▲ 6.4%
Other Products and Services $109M ▲ 51.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $171B 51.5% ▲ 18.2%
Outside the US $161B 48.5% ▲ 17.4%

From Microsoft Corporation's 10-K filed July 29, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.1T
Institutions reporting
6,200
Shares held vs prior quarter
▲ 2.3%
Positions opened / closed
126 / 131

Top buyers and sellers, Q2 2026: 3,313 institutions bought and 2,551 sold ; the biggest buyer was SG Americas Securities, LLC (+18.4M shares) and the biggest seller Price T Rowe Associates Inc (−30.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $227B 607.4M 11.0% ▲ 2.4%
Vanguard Capital Management LLC $181B 485.2M 8.8% ▲ 0.5%
State Street Corp $118B 315.7M 5.7% ▲ 2.9%
Geode Capital Management, LLC $70.6B 189.6M 3.4% ▲ 0.6%
FMR LLC $69.4B 186.0M 3.4% ▼ 2.2%
Vanguard Portfolio Management LLC $62.8B 168.4M 3.1% ▲ 0.5%
Jpmorgan Chase & Co $49.8B 135.2M 2.4% ▲ 6.3%
Morgan Stanley $47.6B 127.7M 2.3% ▲ 2.2%
Norges Bank $38.3B 102.7M 1.9% —
Invesco Ltd. $37.4B 100.2M 1.8% ▲ 1.5%
Capital Research Global Investors $35.3B 94.8M 1.7% ▼ 1.4%
Price T Rowe Associates Inc $32.6B 87.3M 1.6% ▼ 25.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Microsoft Corporation's complete shareholder register. Values are as reported by the filers ; 23 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $2M 1 trade by 1 insider, last 12 months Insider sales History → $119M 28 trades by 7 insiders · 58% under pre-set plans
Net ▼ $117M net selling
Insider Date Trade Shares Price Value
Hood Amy EVP, Chief Financial Officer October 13, 2026 Sell pre-set plan 991 $546.51 $541,590
Hood Amy EVP, Chief Financial Officer October 13, 2026 Sell pre-set plan 2,927 $545.77 $1.6M
Hood Amy EVP, Chief Financial Officer October 13, 2026 Sell pre-set plan 3,387 $544.80 $1.8M
Hood Amy EVP, Chief Financial Officer September 14, 2026 Sell pre-set plan 3,942 $500.78 $2M
Hood Amy EVP, Chief Financial Officer September 14, 2026 Sell pre-set plan 8,834 $500.11 $4.4M
Hood Amy EVP, Chief Financial Officer September 14, 2026 Sell pre-set plan 4,305 $498.88 $2.1M
Hood Amy EVP, Chief Financial Officer September 14, 2026 Sell pre-set plan 9,821 $497.78 $4.9M
Hood Amy EVP, Chief Financial Officer September 14, 2026 Sell pre-set plan 10,433 $496.91 $5.2M
Hood Amy EVP, Chief Financial Officer September 14, 2026 Sell pre-set plan 4,339 $495.97 $2.2M
Nadella Satya Chief Executive Officer September 1, 2026 Sell pre-set plan 1,360 $505.20 $687,072
Nadella Satya Chief Executive Officer September 1, 2026 Sell pre-set plan 9,834 $504.11 $5M
Nadella Satya Chief Executive Officer September 1, 2026 Sell pre-set plan 7,067 $503.44 $3.6M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 870 trades and filings

In the last 12 months, 19 members of Congress disclosed 38 purchases and 29 sales of Microsoft Corporation shares.

  • Pete Sessions(R-TX 17):Sale (full), $250,001 - $500,000, traded October 2, 2026, filed October 27, 2026
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded September 30, 2026, filed October 12, 2026
  • Michael A. Rulli(R-OH 6):Sale (partial), $1,001 - $15,000, traded September 28, 2026, filed October 2, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • January 28, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Microsoft Corporation was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Microsoft Corporation in brief

What does Microsoft Corporation do?
Microsoft develops software, cloud services and devices, spanning Windows, Office, Azure, gaming and AI infrastructure.
What is Microsoft Corporation's stock ticker?
Microsoft Corporation trades under the ticker MSFT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Microsoft Corporation's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Microsoft Corporation reported revenue of $346B, 17.9% higher than a year earlier, according to its SEC filings.
What is Microsoft Corporation's free cash flow?
Microsoft Corporation's free-cash-flow margin is 17.3% of revenue over the trailing twelve months, ranking 17 of the 34 systems software companies we cover.
What is Microsoft Corporation's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Microsoft Corporation's free cash flow after stock-based pay gives ~$390 per share in the base case, and ~$290–$500 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Microsoft Corporation's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Microsoft Corporation buying back stock, and does it pay a dividend?
Microsoft Corporation spent $21B on share repurchases over the trailing twelve months, and its diluted share count fell 0.2% over the year.
What is Microsoft Corporation's market cap?
On November 2, 2026, Microsoft Corporation's market capitalisation was about $3.8T, with a price-to-earnings ratio of 26.5 and net debt of $21B. Market figures come from third-party market data and may be delayed.
Does Microsoft Corporation pay a dividend?
Yes: Microsoft Corporation paid $27B in dividends over the trailing twelve months, a dividend yield of 0.72% and a payout ratio of 19.0%.
How much debt does Microsoft Corporation have?
Microsoft Corporation's debt-to-equity ratio is 7.5%, from its latest balance sheet (29.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Microsoft Corporation's competitors?
In our Systems Software peer group, the companies closest to Microsoft Corporation are Bullish, ServiceNow, Palo Alto Networks, Fortinet and Gen Digital Inc. The side-by-side comparison below sets their revenue, margins and growth against Microsoft Corporation's.
Are insiders buying or selling Microsoft Corporation stock?
Over the last 12 months, Microsoft Corporation's directors and officers reported 1 open-market purchases and 28 sales on Form 4. The insider trading page charts every trade.
When is Microsoft Corporation's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Microsoft Corporation announces its own schedule.