COVERAGE / MSFT / Technology

MICROSOFT CORP

Services-Prepackaged Software

COVERAGE STATUSACTIVE

DATA THROUGH2026-06-30

RESEARCH REPORTS3

SELECTED FILINGS1

Fundamental matrix

Latest / 2026-06-30 · Prior / 2025-06-30 · USD · Annual periods

Revenue

$331.84bn

Prior / $281.72bn

Change / +17.79%

SOURCE / 2026-07-29

Operating income

$155.24bn

Prior / $128.53bn

Change / +20.78%

SOURCE / 2026-07-29

Net income

$133.75bn

Prior / $101.83bn

Change / +31.34%

SOURCE / 2026-07-29

Diluted EPS

$17.95

Prior / $13.64

Change / +31.60%

SOURCE / 2026-07-29

Free cash flow

$66.99bn

Prior / $71.61bn

Change / -6.46%

SOURCE / 2026-07-29

Gross margin

67.94%

Prior / 68.82%

Change / -0.88 pp

SOURCE / 2026-07-29

Operating margin

46.78%

Prior / 45.62%

Change / +1.16 pp

SOURCE / 2026-07-29

Return on avg. equity

34.04%

Prior / 33.28%

Change / +0.76 pp

SOURCE / 2026-07-29

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-07-01",
    "end": "2026-06-30",
    "val": 331839000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-07-01",
    "end": "2026-06-30",
    "val": 133749000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2025-07-01",
    "end": "2026-06-30",
    "val": 225465000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026",
    "tag": "us-gaap:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-07-01",
    "end": "2026-06-30",
    "val": 155237000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-07-01",
    "end": "2026-06-30",
    "val": 17.95,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-07-01",
    "end": "2026-06-30",
    "val": 182935000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-07-01",
    "end": "2026-06-30",
    "val": 115948000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2026-06-30",
    "val": 758376000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2026-06-30",
    "val": 315989000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2026-06-30",
    "val": 442387000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2026-06-30",
    "val": 207710000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2026-06-30",
    "val": 168825000000,
    "accn": "0001193125-26-323660",
    "fy": 2026,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-07-29",
    "frame": "CY2026Q2I",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2026-06-30	$331.84bn	$133.75bn	$66.99bn	$17.95
2025-06-30	$281.72bn	$101.83bn	$71.61bn	$13.64
2024-06-30	$245.12bn	$88.14bn	$74.07bn	$11.80
2023-06-30	$211.92bn	$72.36bn	$59.48bn	$9.68

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2026-06-30. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	27.73x	Unavailable	47.78x	16
P/S	11.14x	Unavailable	12.58x	14
P/B	8.35x	Unavailable	14.12x	13
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	1.81%	Unavailable	1.72%	11

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-23 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 497.75,
  "tradingDate": "2026-09-17",
  "marketCap": 3696065268145.25,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-07-23"
}

Company & operating context

MICROSOFT CORP is an SEC-reporting issuer listed on NASDAQ under MSFT. Its SEC industry description is Services-Prepackaged Software. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

10-KFILED / 2026-07-29PERIOD / 2026-06-30

MSFT filed this 10-K on 2026-07-29 for the reported period 2026-06-30. Reading focus: Revenue mix, research spending, inventory and cash conversion. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

ORIGINAL SEC DISCLOSURE ↗

Research archive

HR-0101MSFTEarnings Review

MSFT: the annual earnings and cash-flow comparison ↗

MICROSOFT CORP

Research abstract

A two-period review of MSFT revenue, profitability and cash conversion; reported revenue growth was 17.79%.

DATA THROUGH2026-06-302 MIN READPUBLISHED 2026-09-26

HR-0102MSFTCompany Research

MSFT: reading the FY2026 financial structure ↗

MICROSOFT CORP

Research abstract

Annual revenue of USD 331.839 billion and net income of USD 133.749 billion for the period ended 2026-06-30.

DATA THROUGH2026-06-302 MIN READPUBLISHED 2026-09-26

HR-0103MSFTValuation Context

MSFT: separating valuation inputs from conclusions ↗

MICROSOFT CORP

Research abstract

A dated valuation context using MSFT's September 17, 2026 price snapshot and annual accounting denominators.

DATA THROUGH2026-09-172 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Customer concentration, product transitions, export restrictions and the durability of capital spending.

Revenue mix, research spending, inventory and cash conversion.

TECHNOLOGY SYSTEM ↗

Sources & dates

SEC annual filing · 2026-06-30 ↗Source date 2026-07-29
SEC annual filing · 2025-06-30 ↗Source date 2026-07-29
SEC annual filing · 2024-06-30 ↗Source date 2026-07-29
SEC annual filing · 2023-06-30 ↗Source date 2025-07-30
SEC issuer record ↗Source date 2026-09-18