Microsoft Corporation income statement

In fiscal 2026, Microsoft Corporation reported revenue of $331.84bn, up 17.8% on the year before, operating income of $155.24bn (a 46.8% margin) and net income of $133.75bn, or $17.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Microsoft Corporation: income statement, annual
Fiscal year	2010Jun 2010	2011Jun 2011	2012Jun 2012	2013Jun 2013	2014Jun 2014	2015Jun 2015	2016Jun 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jun 2020	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026	LTMSept 2026
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
Cost of revenue	12.4	15.6	17.5	20.4	27.1	33.0	32.8	34.3	38.4	42.9	46.1	52.2	62.7	65.9	74.1	87.8	106.4	112.1
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
Research and development	8.7	9.0	9.8	10.4	11.4	12.0	12.0	13.0	14.7	16.9	19.3	20.7	24.5	27.2	29.5	32.5	35.6	36.5
Selling and marketing	13.2	13.9	13.9	15.3	15.8	15.7	14.6	15.5	17.5	18.2	19.6	20.1	21.8	22.8	24.5	25.7	26.7	26.7
General and administrative	4.1	4.2	4.6	5.0	4.7	4.6	4.6	4.5	4.8	4.9	5.1	5.1	5.9	7.6	7.6	7.2	8.0	8.0
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
Interest expense	0.2	0.3	0.4	0.4	0.6	0.8	1.2	2.2	2.7	2.7	2.6	2.3	2.1	2.0	2.9	2.4	3.1	3.2
Income before tax	25.0	28.1	22.3	27.1	27.8	18.5	25.6	29.9	36.5	43.7	53.0	71.1	83.7	89.3	107.8	123.6	165.9	177.6
Income tax	6.3	4.9	5.3	5.2	5.7	6.3	5.1	4.4	19.9	4.4	8.8	9.8	11.0	17.0	19.7	21.8	32.2	35.0
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
Diluted shares (average)	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
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

US$ billions unless shown otherwise. Fiscal quarters.

Microsoft Corporation: income statement, quarterly
Quarter	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Sept 2025	2026 Q2Dec 2025	2026 Q3Mar 2026	2026 Q4Jun 2026	2027 Q1Sept 2026
Revenue	69.6	70.1	76.4	77.7	81.3	82.9	90.0	92.3
Cost of revenue	21.8	21.9	24.0	24.0	26.0	26.8	29.5	29.7
Gross profit	47.8	48.1	52.4	53.6	55.3	56.1	60.5	62.6
Research and development	7.9	8.2	8.8	8.1	8.5	8.9	10.0	9.0
Selling and marketing	6.4	6.2	7.3	5.7	6.6	6.8	7.6	5.7
General and administrative	1.8	1.7	2.0	1.8	1.9	1.9	2.3	1.9
Operating income	31.7	32.0	34.3	38.0	38.3	38.4	40.6	45.9
Interest expense	0.6	0.6	0.6	0.7	0.7	0.8	0.8	0.9
Income before tax	29.4	31.4	32.6	34.3	48.2	39.3	44.0	46.0
Income tax	5.3	5.6	5.4	6.6	9.8	7.6	8.3	9.3
Net income	24.1	25.8	27.2	27.7	38.5	31.8	35.8	36.6
Diluted EPS	$3.23	$3.46	$3.65	$3.72	$5.16	$4.27	$4.81	$4.92
EBITDA	36.9	37.8	40.6	45.1	46.2	47.4	50.9	57.0

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Microsoft Corporation's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Microsoft Corporation.