Microsoft MSFT

Cloud (Azure) & enterprise software. Microsoft Corporation, listed on NASDAQ.

Based on the FY2026 annual report (Jul 2025 – Jun 2026)

Microsoft's market cap is
about $3.980 trillion.

#3 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2026 revenue was $331.839B.

Share price (close): $535.93; Close on Nov 5, 2026 · per share
P/E ratio: 29.9x; Closing price ÷ latest annual EPS
Market cap: $3.980T; #3 of 289
Revenue: $331.839B; #10 of 299 · +17.8% YoY
Operating income: $155.237B; #2 of 231 · +20.8% YoY
Net income: $133.749B; #1 of 298 · +31.3% YoY
Free cash flow: $66.987B; #4 of 261 · −6.5% YoY
Total assets: $758.376B; #10 of 299 · +22.5% YoY
Dividends paid: $26.445B; #1 of 214 · +9.8% YoY
Dividend per share: $3.64; #75 of 205 · +9.6% YoY
Dividend yield: 0.7%; #165 of 203
Shares outstanding: 7,427,000,000 shares; As of Jun 30, 2026

Size, put in perspective

Revenue every second$10,500$909M a day

Net income every second$4,240$366M a day

Buying Apple with a year's profit2.7% of itBased on Apple's market cap of about $5.002 trillion

Market cap vs Apple0.8×Microsoft ÷ Apple

Calculated from the FY2026 annual report, spread evenly over 365 days.

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

Cost of revenue32.1%
R&D10.7%
SG&A and other10.4%
Taxes, interest & other6.5%
Net income40.3%

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +17.8%; #60 of 299; Revenue is growing steadily. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: 46.8%; #15 of 231; 46.8% of revenue was kept as operating profit, which is very high. The median across 231 companies is 19.2%.
Net marginShare of revenue left as profit after interest and taxes: 40.3%; #11 of 298; After taxes, 40.3% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: 20.2%; #89 of 261; Plenty of cash is left after capital spending. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: 34.0%; #70 of 276; Earns a lot relative to its equity. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: 71.4%; #41 of 244; Liabilities are smaller than equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$182.935B
Capital spending−$115.948B
Free cash flow (FCF)$66.987B
Dividends paid−$26.445B

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 42%Equity 58%

Total assets$758.376B
Total liabilities$315.989B
Total equity$442.387B
Cash and equivalents$20.935B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
MicrosoftMSFT	$331.839B	$133.749B	+17.8%	46.8%	40.3%
AppleAAPL	$478.834B	$132.175B	+15.1%	33.0%	27.6%
Alphabet (Google)GOOGL	$402.836B	$132.17B	+15.1%	32.0%	32.8%
AmazonAMZN	$716.924B	$77.67B	+12.4%	11.2%	10.8%
OracleORCL	$67.357B	$17.087B	+17.4%	30.6%	25.4%
PalantirPLTR	$4.475446B	$1.625033B	+56.2%	31.6%	36.3%

Head-to-head comparisons

What the company does

Microsoft runs the Azure public cloud, Microsoft 365 commercial and consumer subscriptions, Copilot AI, the Windows operating system, LinkedIn, GitHub and Xbox gaming.

Intelligent Cloud (Azure, Windows Server, SQL Server, GitHub, enterprise services)
Productivity and Business Processes (Microsoft 365, LinkedIn, Dynamics 365)
More Personal Computing (Windows OEM, Surface, Xbox hardware and content including Activision, search and news advertising)

The fiscal year ends on June 30. Because the fiscal year ends June 30, annual (10-K) figures are filed each July or August. Capital spending on AI data centers and free cash flow relative to operating cash flow are the key numbers to watch.

Related companies: Apple, Alphabet (Google), Amazon, Oracle, Palantir

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	198.27B	211.915B	245.122B	281.724B	331.839B
Cost of revenue	62.65B	65.863B	74.114B	87.831B	106.374B
Gross profit	135.62B	146.052B	171.008B	193.893B	225.465B
R&D expense	24.512B	27.195B	29.51B	32.488B	35.562B
Operating income	83.383B	88.523B	109.433B	128.528B	155.237B
Pretax income	83.716B	89.311B	107.787B	123.627B	165.934B
Net income	72.738B	72.361B	88.136B	101.832B	133.749B
EPS (diluted)	$9.65	$9.68	$11.80	$13.64	$17.95
Operating cash flow	89.035B	87.582B	118.548B	136.162B	182.935B
Capital expenditures	23.886B	28.107B	44.477B	64.551B	115.948B
Free cash flow (FCF)	65.149B	59.475B	74.071B	71.611B	66.987B
Dividends paid	18.135B	19.8B	21.771B	24.082B	26.445B
Total assets	364.84B	411.976B	512.163B	619.003B	758.376B
Total liabilities	198.298B	205.753B	243.686B	275.524B	315.989B
Total equity	166.542B	206.223B	268.477B	343.479B	442.387B
Cash and equivalents	13.931B	34.704B	18.315B	30.242B	20.935B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Microsoft Corporation · CIK 0000789019 · US-GAAP