Microsoft (MSFT) is trading up at $531.08 (+0.34%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Current price targets from 21 firms average $578, median $575, ranging from $480 to $700 — the average is 9% above the current $531. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2017Jun 2017 | FY2018Jun 2018 | FY2019Jun 2019 | FY2020Jun 2020 | FY2021Jun 2021 | FY2022Jun 2022 | FY2023Jun 2023 | FY2024Jun 2024 | FY2025Jun 2025 | FY2026Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $96.6B | $110.4B | $125.8B | $143.0B | $168.1B | $198.3B | $211.9B | $245.1B | $281.7B | $331.8B |
| Growth (year over year) | +5.9% | +14.3% | +14.0% | +13.6% | +17.5% | +18.0% | +6.9% | +15.7% | +14.9% | +17.8% |
| Gross profit | $62.3B | $72.0B | $82.9B | $96.9B | $115.9B | $135.6B | $146.1B | $171.0B | $193.9B | $225.5B |
| Gross margin | 64.5% | 65.2% | 65.9% | 67.8% | 68.9% | 68.4% | 68.9% | 69.8% | 68.8% | 67.9% |
| Operating income | $29.0B | $35.1B | $43.0B | $53.0B | $69.9B | $83.4B | $88.5B | $109.4B | $128.5B | $155.2B |
| Operating margin | 30.1% | 31.8% | 34.1% | 37.0% | 41.6% | 42.1% | 41.8% | 44.6% | 45.6% | 46.8% |
| Net income | $25.5B | $16.6B | $39.2B | $44.3B | $61.3B | $72.7B | $72.4B | $88.1B | $101.8B | $133.7B |
| Net margin | 26.4% | 15.0% | 31.2% | 31.0% | 36.5% | 36.7% | 34.1% | 36.0% | 36.1% | 40.3% |
| EPS (diluted) | $3.25 | $2.13 | $5.06 | $5.76 | $8.05 | $9.65 | $9.68 | $11.80 | $13.64 | $17.95 |
| Balance sheet | ||||||||||
| Cash and equivalents | $7.66B | $11.9B | $11.4B | $13.6B | $14.2B | $13.9B | $34.7B | $18.3B | $30.2B | $20.9B |
| Total assets | $250.3B | $258.8B | $286.6B | $301.3B | $333.8B | $364.8B | $412.0B | $512.2B | $619.0B | $758.4B |
| Total liabilities | $162.6B | $176.1B | $184.2B | $183.0B | $191.8B | $198.3B | $205.8B | $243.7B | $275.5B | $316.0B |
| Long-term debt | $76.1B | $72.2B | $66.7B | $59.6B | $50.1B | $47.0B | $42.0B | $42.7B | $40.2B | $31.1B |
| Shareholders' equity | $87.7B | $82.7B | $102.3B | $118.3B | $142.0B | $166.5B | $206.2B | $268.5B | $343.5B | $442.4B |
| Cash flow | ||||||||||
| Operating cash flow | $39.5B | $43.9B | $52.2B | $60.7B | $76.7B | $89.0B | $87.6B | $118.5B | $136.2B | $182.9B |
| Capital expenditure | $8.13B | $11.6B | $13.9B | $15.4B | $20.6B | $23.9B | $28.1B | $44.5B | $64.6B | $115.9B |
| Free cash flow | $31.4B | $32.3B | $38.3B | $45.2B | $56.1B | $65.1B | $59.5B | $74.1B | $71.6B | $67.0B |
| Dividends paid | $11.8B | $12.7B | $13.8B | $15.1B | $16.5B | $18.1B | $19.8B | $21.8B | $24.1B | $26.4B |
| Share buybacks | $11.8B | $10.7B | $19.5B | $23.0B | $27.4B | $32.7B | $22.2B | $17.3B | $18.4B | $22.3B |
| Q1 FY25Sep 2024 | Q2 FY25Dec 2024 | Q3 FY25Mar 2025 | Q4 FY25†Jun 2025 | Q1 FY26Sep 2025 | Q2 FY26Dec 2025 | Q3 FY26Mar 2026 | Q4 FY26†Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $65.6B | $69.6B | $70.1B | $76.4B | $77.7B | $81.3B | $82.9B | $90.0B |
| Growth (year over year) | +16.0% | +12.3% | +13.3% | +18.1% | +18.4% | +16.7% | +18.3% | +17.7% |
| Gross profit | $45.5B | $47.8B | $48.1B | $52.4B | $53.6B | $55.3B | $56.1B | $60.5B |
| Gross margin | 69.4% | 68.7% | 68.7% | 68.6% | 69.0% | 68.0% | 67.6% | 67.2% |
| Operating income | $30.6B | $31.7B | $32.0B | $34.3B | $38.0B | $38.3B | $38.4B | $40.6B |
| Operating margin | 46.6% | 45.5% | 45.7% | 44.9% | 48.9% | 47.1% | 46.3% | 45.1% |
| Net income | $24.7B | $24.1B | $25.8B | $27.2B | $27.7B | $38.5B | $31.8B | $35.8B |
| Net margin | 37.6% | 34.6% | 36.9% | 35.6% | 35.7% | 47.3% | 38.3% | 39.7% |
| EPS (diluted) | $3.30 | $3.23 | $3.46 | $3.65 | $3.72 | $5.16 | $4.27 | $4.80 |
| Balance sheet | ||||||||
| Cash and equivalents | $20.8B | $17.5B | $28.8B | $30.2B | $28.8B | $24.3B | $32.1B | $20.9B |
| Total assets | $523.0B | $533.9B | $562.6B | $619.0B | $636.4B | $665.3B | $694.2B | $758.4B |
| Total liabilities | $235.3B | $231.2B | $240.7B | $275.5B | $273.3B | $274.4B | $279.9B | $316.0B |
| Long-term debt | $42.9B | $39.7B | $39.9B | $40.2B | $35.4B | $35.4B | $31.4B | $31.1B |
| Shareholders' equity | $287.7B | $302.7B | $321.9B | $343.5B | $363.1B | $390.9B | $414.4B | $442.4B |
| Cash flow | ||||||||
| Operating cash flow | $34.2B | $22.3B | $37.0B | $42.6B | $45.1B | $35.8B | $46.7B | $55.4B |
| Capital expenditure | $14.9B | $15.8B | $16.7B | $17.1B | $19.4B | $29.9B | $30.9B | $35.8B |
| Free cash flow | $19.3B | $6.49B | $20.3B | $25.6B | $25.7B | $5.88B | $15.8B | $19.6B |
| Dividends paid | $5.57B | $6.17B | $6.17B | $6.17B | $6.17B | $6.76B | $6.76B | $6.76B |
| Share buybacks | $4.11B | $4.99B | $4.78B | $4.55B | $5.65B | $7.42B | $4.63B | $4.58B |
From Microsoft's 10-K and 10-Q filings with the SEC; its fiscal year ends in June. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company became influential in the rise of personal computers through software like Windows and has since expanded into areas such as Internet services, cloud computing, artificial intelligence, video gaming, and more. A Big Tech company, Microsoft is the largest software company by revenue, one of the most valuable public companies, and one of the most valuable brands globally.