Microsoft
Quarterly financial comparison
FY2026 Q4 · Quarter ended 2026-06-30
| Metric | Selected quarterFY2026 Q4 | Year-ago quarterYoYFY2025 Q4 | Prior quarterQoQFY2026 Q3 |
|---|---|---|---|
| Revenue | 90.01 | 76.44+17.7% | 82.89+8.6% |
| Diluted EPS · GAAP | $4.81 | $3.65+31.8% | $4.27+12.6% |
| Gross margin | 67.20% | 68.58%-1.39 pp | 67.63%-0.44 pp |
| Operating income | 40.60 | 34.32+18.3% | 38.40+5.7% |
| Operating margin | 45.11% | 44.90%+0.21 pp | 46.33%-1.22 pp |
| Operating cash flow | 55.44 | 42.65+30.0% | 46.68+18.8% |
Revenue
- Selected quarter
- 90.01
- Year-ago quarter
- 76.44
- YoY+17.7%
- Prior quarter
- 82.89
- QoQ+8.6%
Diluted EPS · GAAP
- Selected quarter
- $4.81
- Year-ago quarter
- $3.65
- YoY+31.8%
- Prior quarter
- $4.27
- QoQ+12.6%
Gross margin
- Selected quarter
- 67.20%
- Year-ago quarter
- 68.58%
- YoY-1.39 pp
- Prior quarter
- 67.63%
- QoQ-0.44 pp
Operating income
- Selected quarter
- 40.60
- Year-ago quarter
- 34.32
- YoY+18.3%
- Prior quarter
- 38.40
- QoQ+5.7%
Operating margin
- Selected quarter
- 45.11%
- Year-ago quarter
- 44.90%
- YoY+0.21 pp
- Prior quarter
- 46.33%
- QoQ-1.22 pp
Operating cash flow
- Selected quarter
- 55.44
- Year-ago quarter
- 42.65
- YoY+30.0%
- Prior quarter
- 46.68
- QoQ+18.8%
Eight-quarter trend
View quarterly data
| FY | Ended | Revenue · USD B |
|---|---|---|
| FY2026 Q4 | 2026-06-30 | 90.0 |
| FY2026 Q3 | 2026-03-31 | 82.9 |
| FY2026 Q2 | 2025-12-31 | 81.3 |
| FY2026 Q1 | 2025-09-30 | 77.7 |
| FY2025 Q4 | 2025-06-30 | 76.4 |
| FY2025 Q3 | 2025-03-31 | 70.1 |
| FY2025 Q2 | 2024-12-31 | 69.6 |
| FY2025 Q1 | 2024-09-30 | 65.6 |
Latest-quarter business and outlook
FY2026 Q4 · 2026-06-30
Revenue by business
FY2026 Q4Company revenue guidance
FY2026 Q4 · Actual vs guidance
Above range- Prior guidance
- 86.70–87.80 USD B
- Actual revenue
- 90.01 USD B
- Vs guidance midpoint
- +3.2%
Quarter highlights
Azure revenue grew 43%
Azure and other cloud services sit within Intelligent Cloud. Microsoft Cloud overlaps segments and is not added to their revenue.
GAAP EPS of $4.81
Company non-GAAP EPS was $4.74 after excluding the impact of OpenAI investments.
Sources and methodology 2026-10-06
YoY compares the same fiscal quarter a year earlier; QoQ compares the preceding quarter. Amounts are quarterly USD figures; margin changes are in percentage points.
Cumulative SEC amounts are differenced within the same fiscal year to obtain quarterly values. EPS uses reported, split-adjusted GAAP diluted figures; annual EPS is never subtracted from year-to-date EPS.
Guidance comparisons use the company's prior outlook, not analyst consensus. No earnings surprise is calculated without a pre-release consensus snapshot. Ordinary growth rates are omitted for non-positive bases or profit/loss transitions.
Earnings call · New York 2026-07-29 17:30 · Taipei 2026-07-30 05:30
Next earnings schedule
Upcoming schedules come from the Nasdaq calendar and may be estimated or revised. Company announcements take precedence. Pre-market and after-hours refer to US sessions; EPS estimates are not reported results.