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AI Cloud·MSFT
Microsoft Corporation
NASDAQ · US
Operator of Azure, a hyperscale cloud platform selling GPU instances, AI supercomputing capacity, and Azure AI services.
AI relevance
Core AI cloud buyer and seller, with Azure capacity supporting enterprise AI workloads and major frontier-model partners.
Price
$519.88
Change
-10.26 (-1.94%)
Market cap
$3.86T
52w range
$349–$551
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
MSFT market performance
Daily close for Microsoft Corporation
- Latest close
- $530.1
- Range move
- -$11.41 (-2.1%)
- Range high
- $543.5
- Range low
- $352.8
- Latest volume
- 39.3M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1254 rowsFive years of daily close and volume data powering the company chart.
Transcript list
84 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus83 ratings
Strong buy
0
Buy
68
Hold
15
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2027-06-30 | $394.21B | $386.12B - $398.17B | $19.97 | $19.22 - $20.72 | $230.79B | $183.98B | $149.54B | $50.06B | 35 rev / 30 EPS |
| 2028-06-30 | $474.58B | $444.38B - $496.32B | $23.97 | $22.44 - $24.82 | $277.52B | $220.84B | $179.96B | $60.27B | 39 rev / 29 EPS |
| 2029-06-30 | $579.78B | $525.58B - $647.91B | $29.46 | $26.93 - $34.89 | $340.70B | $271.87B | $222.07B | $73.63B | 27 rev / 16 EPS |
| 2030-06-30 | $681.07B | $641.20B - $719.23B | $34.18 | $31.58 - $36.67 | $394.15B | $311.48B | $254.77B | $86.49B | 13 rev / 7 EPS |
| 2031-06-30 | $895.98B | $843.53B - $946.19B | $46.30 | $42.78 - $49.68 | $523.40B | $420.95B | $345.11B | $113.78B | 13 rev / 8 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-30 | $96.47B | $95.76B - $97.06B | $4.86 | $4.73 - $4.97 | $56.85B | $44.71B | $36.22B | $12.25B | 25 rev / 19 EPS |
| 2027-03-30 | $99.05B | $96.81B - $100.54B | $4.95 | $4.83 - $5.07 | $58.00B | $45.47B | $36.84B | $12.58B | 24 rev / 19 EPS |
| 2027-06-30 | $107.18B | $104.75B - $109.51B | $5.25 | $5.09 - $5.39 | $61.15B | $48.16B | $39.06B | $13.61B | 13 rev / 8 EPS |
| 2027-09-30 | $110.25B | $107.75B - $112.65B | $5.69 | $5.52 - $5.85 | $65.59B | $52.13B | $42.34B | $14.00B | 12 rev / 8 EPS |
| 2027-12-30 | $115.76B | $113.13B - $118.27B | $5.83 | $5.66 - $5.99 | $67.38B | $53.42B | $43.41B | $14.70B | 13 rev / 14 EPS |
| 2028-03-30 | $118.65B | $115.96B - $121.23B | $5.98 | $5.80 - $6.15 | $69.21B | $54.75B | $44.50B | $15.07B | 16 rev / 14 EPS |
| 2028-06-30 | $128.19B | $125.28B - $130.97B | $6.39 | $6.20 - $6.57 | $73.49B | $58.45B | $47.55B | $16.28B | 11 rev / 10 EPS |
| 2028-09-30 | $133.11B | $130.09B - $136.00B | $6.74 | $6.54 - $6.93 | $77.30B | $61.67B | $50.21B | $16.90B | 16 rev / 9 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 23 | $647.13 |
| Last quarter | 34 | $622.12 |
| Last year | 95 | $583.37 |
| All time | 299 | $466.96 |
Sources: StreetInsider, Benzinga, Pulse 2.0, MarketWatch, Barrons, TheStreet
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-10-29 | Guggenheim | Maintain | Buy | Buy |
| 2026-10-29 | Citigroup | Maintain | Buy | Buy |
| 2026-10-29 | RBC Capital | Maintain | Outperform | Outperform |
| 2026-10-29 | Bernstein | Maintain | Outperform | Outperform |
| 2026-10-29 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-10-29 | StoneX | Maintain | Buy | Buy |
| 2026-10-29 | Keybanc | Maintain | Overweight | Overweight |
| 2026-10-29 | Piper Sandler | Maintain | Overweight | Overweight |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 14 | 41 | 3 | 0 | 0 |
| 2026-09-01 | 14 | 39 | 3 | 0 | 0 |
| 2026-08-01 | 14 | 40 | 3 | 0 | 0 |
| 2026-07-01 | 14 | 42 | 3 | 0 | 0 |
| 2026-06-01 | 13 | 41 | 3 | 0 | 0 |
| 2026-05-01 | 12 | 43 | 3 | 0 | 0 |
| 2026-04-01 | 10 | 45 | 3 | 0 | 0 |
| 2026-03-01 | 10 | 45 | 3 | 0 | 0 |
FinancialsFY 2026
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2026 | $331.84B | $225.47B | 67.9% | $35.56B | $155.24B | $207.52B | $133.75B | $18.00 |
| FY 2025 | $281.72B | $193.89B | 68.8% | $32.49B | $128.53B | $160.16B | $101.83B | $13.70 |
| FY 2024 | $245.12B | $171.01B | 69.8% | $29.51B | $109.43B | $133.01B | $88.14B | $11.86 |
| FY 2023 | $211.91B | $146.05B | 68.9% | $27.20B | $88.52B | $105.14B | $72.36B | $9.72 |
| FY 2022 | $198.27B | $135.62B | 68.4% | $24.51B | $83.38B | $100.24B | $72.74B | $9.70 |
| FY 2021 | $168.09B | $115.86B | 68.9% | $20.72B | $69.92B | $85.13B | $61.27B | $8.12 |
| FY 2020 | $143.01B | $96.94B | 67.8% | $19.27B | $52.96B | $68.42B | $44.28B | $5.82 |
| FY 2019 | $125.84B | $82.93B | 65.9% | $16.88B | $42.96B | $58.06B | $39.24B | $5.11 |
| FY 2018 | $110.36B | $72.01B | 65.2% | $14.73B | $35.06B | $49.47B | $16.57B | $2.15 |
| FY 2017 | $96.57B | $62.31B | 64.5% | $13.04B | $29.02B | $40.90B | $25.49B | $3.29 |
| FY 2016 | $91.15B | $58.37B | 64.0% | $11.99B | $26.08B | $33.50B | $20.54B | $2.12 |
| FY 2015 | $93.58B | $60.54B | 64.7% | $12.05B | $18.16B | $25.25B | $12.19B | $1.49 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2026 | $182.94B | $115.95B | $66.99B |
| FY 2025 | $136.16B | $64.55B | $71.61B |
| FY 2024 | $118.55B | $44.48B | $74.07B |
| FY 2023 | $87.58B | $28.11B | $59.48B |
| FY 2022 | $89.03B | $23.89B | $65.15B |
| FY 2021 | $76.74B | $20.62B | $56.12B |
| FY 2020 | $60.67B | $15.44B | $45.23B |
| FY 2019 | $52.19B | $13.93B | $38.26B |
| FY 2018 | $43.88B | $11.63B | $32.25B |
| FY 2017 | $39.51B | $8.13B | $31.38B |
| FY 2016 | $33.33B | $8.34B | $24.98B |
| FY 2015 | $29.67B | $5.94B | $23.72B |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $76.84B | $80.88B | $1.40B | $337.25B | $758.38B | $128.81B | $107.87B | $315.99B | $442.39B |
| FY 2025 | $94.56B | $69.91B | $938.0M | $229.79B | $619.00B | $112.18B | $81.94B | $275.52B | $343.48B |
| FY 2024 | $75.53B | $56.92B | $1.25B | $154.55B | $512.16B | $97.85B | $79.54B | $243.69B | $268.48B |
| FY 2023 | $111.26B | $48.69B | $2.50B | $109.99B | $411.98B | $79.44B | $44.74B | $205.75B | $206.22B |
| FY 2022 | $104.75B | $44.26B | $3.74B | $87.55B | $364.84B | $78.40B | $64.47B | $198.30B | $166.54B |
| FY 2021 | $130.26B | $38.04B | $2.64B | $70.80B | $333.78B | $82.28B | $68.05B | $191.79B | $141.99B |
| FY 2020 | $136.53B | $32.01B | $1.90B | $52.90B | $301.31B | $82.11B | $68.53B | $183.01B | $118.30B |
| FY 2019 | $133.82B | $29.52B | $2.06B | $43.86B | $286.56B | $86.45B | $75.10B | $184.23B | $102.33B |
| FY 2018 | $133.77B | $26.48B | $2.66B | $36.15B | $258.85B | $87.51B | $75.56B | $176.13B | $82.72B |
| FY 2017 | $132.98B | $22.43B | $2.18B | $30.29B | $250.31B | $95.53B | $87.86B | $162.60B | $87.71B |
| FY 2016 | $113.24B | $18.28B | $2.25B | $18.36B | $193.47B | $54.25B | $47.74B | $121.47B | $72.00B |
| FY 2015 | $96.53B | $17.91B | $2.90B | $14.73B | $174.47B | $35.29B | $29.70B | $94.39B | $80.08B |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | 67.9% | 46.8% | 40.3% | 1.2x | 1.2x | 30.2% | 20.6% | 8.7x | 13.9x | 2.4% | 10.7% | -52d |
| FY 2025 | 68.8% | 45.6% | 36.1% | 1.4x | 1.3x | 29.6% | 21.6% | 13.4x | 23.6x | 1.9% | 11.5% | -21d |
| FY 2024 | 69.8% | 44.6% | 36.0% | 1.3x | 1.3x | 32.8% | 22.3% | 14.2x | 26.1x | 2.2% | 12.0% | -17d |
| FY 2023 | 68.9% | 41.8% | 34.1% | 1.8x | 1.7x | 35.1% | 22.6% | 12.2x | 24.5x | 2.3% | 12.8% | -3d |
| FY 2022 | 68.4% | 42.1% | 36.7% | 1.8x | 1.7x | 43.7% | 26.3% | 10.0x | 19.8x | 3.4% | 12.4% | -7d |
| FY 2021 | 68.9% | 41.6% | 36.5% | 2.1x | 2.1x | 43.2% | 23.5% | 12.6x | 24.8x | 2.7% | 12.3% | -5d |
| FY 2020 | 67.8% | 37.0% | 31.0% | 2.5x | 2.5x | 37.4% | 18.8% | 11.3x | 23.6x | 2.9% | 13.5% | -3d |
| FY 2019 | 65.9% | 34.1% | 31.2% | 2.5x | 2.5x | 38.3% | 17.2% | 8.9x | 19.2x | 3.7% | 13.4% | 23d |
| FY 2018 | 65.2% | 31.8% | 15.0% | 2.9x | 2.9x | 20.0% | 7.7% | 7.6x | 16.9x | 4.2% | 13.3% | 31d |
| FY 2017 | 64.5% | 30.1% | 26.4% | 2.9x | 2.9x | 29.1% | 12.0% | 6.4x | 15.2x | 5.9% | 13.5% | 29d |
| FY 2016 | 64.0% | 28.6% | 22.5% | 2.4x | 2.3x | 28.5% | 14.2% | 5.0x | 13.5x | 6.2% | 13.2% | 21d |
| FY 2015 | 64.7% | 19.4% | 13.0% | 2.5x | 2.4x | 15.2% | 9.0% | 4.2x | 15.5x | 6.6% | 12.9% | 29d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | +17.8% | +16.3% | +9.5% | +20.8% | +31.3% | +31.4% | -6.5% | -79.6% | -18.7% | +48.9% | +22.5% | +14.8% |
| FY 2025 | +14.9% | +13.4% | +10.1% | +17.4% | +15.5% | +15.5% | -3.3% | -45.1% | +25.2% | -24.7% | +20.9% | +14.6% |
| FY 2024 | +15.7% | +17.1% | +8.5% | +23.6% | +21.8% | +22.0% | +24.5% | -58.2% | -32.1% | -50.2% | +24.3% | +23.2% |
| FY 2023 | +6.9% | +7.7% | +10.9% | +6.2% | -0.5% | +0.2% | -8.7% | -17.7% | +6.2% | -33.2% | +12.9% | +1.3% |
| FY 2022 | +18.0% | +17.1% | +18.3% | +19.3% | +18.7% | +19.5% | +16.1% | -15.8% | -19.6% | +42.0% | +9.3% | -4.7% |
| FY 2021 | +17.5% | +19.5% | +7.5% | +32.0% | +38.4% | +39.5% | +24.1% | -33.6% | -4.6% | +39.1% | +10.8% | +0.2% |
| FY 2020 | +13.6% | +16.9% | +14.2% | +23.3% | +12.8% | +13.9% | +18.2% | -10.9% | +2.0% | -8.1% | +5.1% | -5.0% |
| FY 2019 | +14.0% | +15.2% | +14.6% | +22.5% | +136.8% | +137.7% | +18.6% | -19.7% | +0.0% | -22.5% | +10.7% | -1.2% |
| FY 2018 | +14.3% | +15.6% | +13.0% | +20.8% | -35.0% | -34.7% | +2.8% | -43.1% | +0.6% | +22.1% | +3.4% | -8.4% |
| FY 2017 | +5.9% | +6.7% | +8.8% | +11.3% | +24.1% | +55.2% | +25.6% | +2.6% | +17.4% | -3.1% | +29.4% | +76.1% |
| FY 2016 | -2.6% | -3.6% | -0.5% | +43.6% | +68.4% | +42.3% | +5.3% | -40.4% | +17.3% | -22.4% | +10.9% | +53.7% |
| FY 2015 | +7.8% | +1.3% | +5.8% | -34.6% | -44.8% | -44.0% | -12.2% | -8.4% | +12.6% | +9.1% | +1.2% | +55.8% |
SegmentsFY 2026
Revenue Mix
Latest product mixFY 2026 · $331.84B
Server products and cloud services$129.43B · 39.0%
Microsoft 365 Commercial products and cloud services$102.00B · 30.7%
XBOX$21.79B · 6.6%
LinkedIn$19.82B · 6.0%
Windows and Devices$17.08B · 5.1%
Search advertising$15.18B · 4.6%
Microsoft 365 Consumer products and cloud services$9.18B · 2.8%
Dynamics products and cloud services$9.01B · 2.7%
Enterprise and partner services$8.26B · 2.5%
Other$109.0M · 0.0%
Latest geography mixFY 2026 · $331.84B
UNITED STATES$170.79B · 51.5%
Non Us$161.04B · 48.5%
Product revenue annual
| Period | Total | Server products and cloud services | Microsoft 365 Commercial products and cloud services | Server Products And Cloud Services | Windows | Office Products And Cloud Services | Office products and cloud services | Gaming | Search and news advertising | Devices | Enterprise Services | Commercial Licensing | More Personal Computing | Search Advertising | Windows and Devices | Linked In Corporation | Productivity And Business Processes | Intelligent Cloud | Enterprise and partner services | Dynamics products and cloud services | XBOX | Other Products And Services | Microsoft 365 Consumer products and cloud services | Search advertising | Devices and Consumer Licensing | Commercial Other | Computing and Gaming Hardware | Devices and Consumer Other | Phone Hardware | Other | Dynamics | Corporate and Other | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 | $331.84B | $129.43B | $102.00B | -- | -- | -- | -- | -- | $19.82B | -- | -- | -- | -- | -- | -- | $17.08B | -- | -- | -- | $8.26B | $9.01B | $21.79B | -- | $9.18B | $15.18B | -- | -- | -- | -- | -- | $109.0M | -- | -- |
| FY 2025 | $281.72B | $98.44B | $87.77B | -- | -- | -- | -- | $23.45B | $17.81B | $13.88B | -- | -- | -- | -- | -- | $17.31B | -- | -- | -- | $7.76B | $7.83B | -- | -- | $7.40B | -- | -- | -- | -- | -- | -- | $72.0M | -- | -- |
| FY 2024 | $245.12B | $97.73B | -- | -- | $23.24B | -- | $54.88B | $21.50B | $16.37B | $12.58B | $4.71B | -- | -- | -- | -- | -- | -- | -- | -- | $7.59B | $6.48B | -- | -- | -- | -- | -- | -- | -- | -- | -- | $45.0M | -- | -- |
| FY 2023 | $211.91B | $79.97B | -- | -- | $21.51B | -- | $48.73B | $15.47B | $15.14B | $12.21B | $5.52B | $7.72B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | $211.0M | $5.44B | -- |
| FY 2022 | $198.27B | $67.32B | -- | -- | $24.76B | -- | $44.86B | $16.23B | $13.82B | $11.59B | $6.99B | $7.41B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | $5.29B | -- | -- |
| FY 2021 | $168.09B | -- | -- | $52.59B | $23.23B | $39.87B | -- | $15.37B | -- | -- | $6.79B | $6.94B | -- | -- | $8.53B | -- | $10.29B | -- | -- | -- | -- | -- | $4.48B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2020 | $143.01B | -- | -- | $41.38B | $22.29B | $35.32B | -- | $11.57B | -- | -- | $6.46B | $6.41B | -- | -- | $7.74B | -- | $8.08B | -- | -- | -- | -- | -- | $3.77B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2019 | $125.84B | -- | -- | $32.62B | $20.39B | $31.77B | -- | $11.39B | -- | -- | $6.09B | $6.12B | -- | -- | $7.63B | -- | $6.75B | -- | -- | -- | -- | -- | $3.07B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2018 | $110.36B | -- | -- | $26.13B | $19.52B | $28.32B | -- | $10.35B | -- | -- | $5.13B | $5.85B | -- | -- | $7.01B | -- | $5.26B | -- | -- | -- | -- | -- | $2.79B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2017 | $96.57B | -- | -- | $21.65B | $18.59B | $25.57B | -- | $9.05B | -- | -- | $5.06B | $5.54B | -- | -- | $6.22B | -- | $2.27B | -- | -- | -- | -- | -- | $2.61B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2016 | $91.15B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | $40.41B | -- | -- | -- | $25.79B | $24.95B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2015 | $93.58B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | $41.04B | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | $14.97B | $10.84B | $10.18B | $8.82B | $7.52B | -- | -- | $204.0M |
Geography revenue annual
| Period | Total | UNITED STATES | Non Us |
|---|---|---|---|
| FY 2026 | $331.84B | $170.79B | $161.04B |
| FY 2025 | $281.72B | $144.55B | $137.18B |
| FY 2024 | $245.12B | $124.70B | $120.42B |
| FY 2023 | $211.91B | $106.74B | $105.17B |
| FY 2022 | $198.27B | $100.22B | $98.05B |
| FY 2021 | $168.09B | $83.95B | $84.14B |
| FY 2020 | $143.01B | $73.16B | $69.86B |
| FY 2019 | $125.84B | $64.20B | $61.64B |
| FY 2018 | $110.36B | $55.93B | $54.43B |
| FY 2017 | $89.95B | $45.25B | $44.70B |
| FY 2016 | $85.32B | $40.58B | $44.74B |
| FY 2015 | $93.58B | $42.94B | $50.64B |
Transcripts84 on file
Transcripts
Events
Events
Next earnings
2027-01-27EPS est $4.84
Latest news
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