Latest revenue
$82.89B
as of 2026-03-31
Latest net income
$31.78B
as of 2026-03-31
Net margin
38.3%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $3.11T
- Enterprise value
- $3.12T
- P/E (trailing)
- 30.5×
- Forward P/E
- —
- P/B
- 7.50×
- Dividend yield
- 0.9%
- 52-wk high
- $555.45
- 52-wk low
- $356.28
- Beta
- —
- Shares out
- 7.43B
5-year trend
What this company does
Microsoft sells software, cloud computing, productivity tools, gaming, and devices to consumers, businesses, and governments worldwide. Service revenue—dominated by Azure cloud, Microsoft 365 subscriptions, and other commercial cloud offerings—drives the business, generating $194 billion of the $242 billion in nine-month revenue and growing 23% year-over-year. The company is pouring cash into AI infrastructure, with capital expenditures jumping to $80 billion year-to-date from $47 billion, swelling property and equipment to $283 billion as it races to meet cloud and AI demand.
Generated from MSFT's filing dated 2025-07-30
Key risks
- Capex surge: PP&E additions hit $80.1B over nine months vs $47.5B prior year, pressuring free cash flow despite AI-driven growth.
- Balance sheet shift: PP&E ballooned to $283B (from $205B) while short-term investments fell $16B, concentrating capital in depreciating AI infrastructure.
- Unearned revenue declined $13.6B fiscal YTD to $53.7B, signaling potential softening in commercial bookings momentum despite headline revenue growth.
Generated from MSFT's filing dated 2025-07-30
Profitability
Gross margin
68.8%
1.3%Operating margin
45.6%
2.2%Net margin
36.1%
0.5%Return on equity
29.6%
30.6%Return on assets
16.5%
4.4%Leverage
Debt / equity
0.80×
45.9%Long-term debt / equity
0.12×
43.5%Debt / assets
44.5%
25.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $82.89B | +18.3% | $31.78B | +23.1% | 38.3% |
Q4 2025 2025-12-31 | $81.27B | +16.7% | $38.46B | +59.5% | 47.3% |
Q3 2025 2025-09-30 | $77.67B | +18.4% | $27.75B | +12.5% | 35.7% |
Q2 2025 2025-06-30 | $76.44B | +18.1% | $27.23B | +23.6% | 35.6% |
Q1 2025 2025-03-31 | $70.07B | +13.3% | $25.82B | +17.7% | 36.9% |
Q4 2024 2024-12-31 | $69.63B | +12.3% | $24.11B | +10.2% | 34.6% |
Q3 2024 2024-09-30 | $65.58B | +16.0% | $24.67B | +10.7% | 37.6% |
Q2 2024 2024-06-30 | $64.73B | — | $22.04B | — | 34.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Prepackaged Software · SIC 7372
Your notes
Keep private notes on MSFT — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$2.0M
Insider selling
$112.9M
Net activity
−$110.9M
Distinct insiders
7
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns MSFT
Institutional value
$153.18B
Total shares held
420.4M
Distinct holders
768
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Legal & General Group Plc | 50.3M | $18.61B | — | New |
| 2 | Invesco Ltd. | 42.3M | $15.66B | — | New |
| 3 | WELLS FARGO & COMPANY/MN | 33.3M | $12.34B | — | New |
| 4 | Mitsubishi UFJ Asset Management Co., Ltd. | 19.2M | $7.09B | — | New |
| 5 | CITIGROUP INC | 16.7M | $6.17B | — | New |
| 6 | National Pension Service | 14.9M | $5.52B | — | New |
| 7 | RHUMBLINE ADVISERS | 13.0M | $4.81B | — | New |
| 8 | BNP PARIBAS FINANCIAL MARKETS | 12.8M | $4.75B | — | New |
| 9 | TD ASSET MANAGEMENT INC | 8.8M | $3.24B | — | New |
| 10 | CIBC Bancorp USA Inc. | 8.6M | $3.20B | — | New |
| 11 | Allianz Asset Management GmbH | 7.6M | $2.80B | — | New |
| 12 | PNC Financial Services Group, Inc. | 7.5M | $2.78B | — | New |
| 13 | PRIMECAP MANAGEMENT CO/CA/ | 7.3M | $2.69B | — | New |
| 14 | Voya Investment Management LLC | 6.9M | $2.55B | — | New |
| 15 | Universal- Beteiligungs- und Servicegesellschaft mbH | 6.8M | $2.52B | — | New |
| 16 | STIFEL FINANCIAL CORP | 6.7M | $2.47B | — | New |
| 17 | DANSKE BANK A/S | 5.6M | $2.08B | — | New |
| 18 | PARNASSUS INVESTMENTS, LLC | 4.2M | $1.55B | — | New |
| 19 | Eurizon Capital SGR S.p.A. | 4.2M | $1.55B | — | New |
| 20 | NOMURA ASSET MANAGEMENT CO LTD | 4.0M | $1.48B | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
CapEx hit $80B over nine months versus $47B prior year—what specific AI revenue run-rate justifies this 69% spend increase, and when does ROIC inflect?
- 2
PP&E grew $78B to $283B while unearned revenue dropped $14B—is Azure backlog conversion slowing relative to capacity coming online?
- 3
D&A jumped to $27.5B from $20.1B; what's the useful-life assumption on AI servers, and have you stress-tested impairment risk if GPU cycles shorten?
Refreshed when MSFT files a new report · last from 2025-07-30