$531.07
-2.45
(-0.46%)
As of Oct 20, 2026, 11:03 AM EDT
Price history
Today's analyst average
Analyst average over timeIndividual analyst targets
Analyst history starts Jun 1, 2026, the first target we tracked for MSFT.
Key facts
- 52-week range (closes)
- $352.83 – $543.45 Lowest close Jun 25, 2026, highest Oct 13, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- June Fiscal 2026 ended Jun 30, 2026, from SEC filings
- In the S&P 500 since
- Jun 1, 1994 · All S&P 500 changes
- In the Nasdaq-100 since
- before 2007 · All Nasdaq-100 changes
- In the Dow since
- Nov 1, 1999, replacing Chevron (CVX), Goodyear (GT), Sears, Roebuck and Union Carbide · SBC Communications later bought AT&T Corp. and took the AT&T name. · All Dow changes
- Analyst coverage
- 43 open price targets from 27 firms: Stifel, Wells Fargo, Citi, Bank of America, Bernstein, BMO Capital Markets, Melius Research, Mizuho, Oppenheimer, UBS, Argus Research, Barclays, Cantor Fitzgerald, Citizens JMP, CLSA, Deutsche Bank, Evercore ISI, Goldman Sachs, Jefferies, JPMorgan, Morgan Stanley, RBC Capital Markets, Rothschild & Co Redburn, StoneX, TD Cowen, Tigress Financial Partners, Truist Securities Approved targets tracked here; see the analyst section below
Microsoft (MSFT) is trading down at $531.07 (-0.46%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Analyst price targets on MSFT
Current price targets from 27 firms average $594, median $600, ranging from $440 to $700 — the average is 12% above the current $531. Each is tracked to its date and scored the same way a member's call is.
- StoneX $529 → $600 by Oct 2027 Oct 18, 2026 via GuruFocus · StoneX's track record
- UBS $529 → $675 by Oct 2027 Oct 17, 2026 via TheStreet · UBS's track record
- Melius Research $529 → $665 by Oct 2027 Oct 17, 2026 via TheStreet · Melius Research's track record
- Citi $529 → $636 by Oct 2027 Oct 17, 2026 via TheStreet · Citi's track record
- Mizuho $529 → $600 by Oct 2027 Oct 17, 2026 via TheStreet · Mizuho's track record
- RBC Capital Markets $529 → $640 by Oct 2027 Oct 16, 2026 via Moomoo · RBC Capital Markets's track record
- TD Cowen $539 → $625 by Oct 2027 Oct 15, 2026 via Yahoo Finance · TD Cowen's track record
- Melius Research $525 → $665 by Oct 2027 Oct 5, 2026 via Yahoo Finance · Melius Research's track record
- Stifel $513 → $575 by Sep 2027 stated Sep 30, 2026 via TradingPedia · Stifel's track record
- Stifel $501 → $575 by Sep 2027 Sep 23, 2026 via The Globe and Mail · Stifel's track record
- Oppenheimer $498 → $570 by Sep 2027 Sep 22, 2026 via Yahoo Finance · Oppenheimer's track record
- Rothschild & Co Redburn $502 → $440 by Sep 2027 Sep 21, 2026 via foreignpolicyjournal.com · Rothschild & Co Redburn's track record
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.
Microsoft revenue & net income history (FY2017–FY2026)
RevenueNet incomeNet margin (right axis, %)
| 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 |
RevenueNet incomeNet margin (right axis, %)
| 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. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Microsoft vs the Information Technology sector and the S&P 500
Microsoft's latest reported figures next to the median of the other 75 S&P 500 Information Technology companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Microsoft | Information Technology (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +17.8% | +13.7% | +7.0% |
| Net margin, latest fiscal year | 40.3% | 16.5% | 12.9% |
| Dividend per share, latest fiscal year | $3.64 | $1.82 | $2.40 |
| Share price change, 1 year | +3.2% | +14.8% | +5.9% |
Microsoft: fiscal year ended June 2026, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Microsoft included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 35/349, 1-year price change 67/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 35 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
About Microsoft
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.
- Headquarters
- Redmond, Washington From SEC filings, Oct 2026
Company profile
Microsoft Corporation develops and supports software, services, devices and solutions. In its Form 10-K for fiscal year 2026, it describes itself as a technology company committed to making digital technology and AI available broadly and doing so responsibly. It sells cloud-based solutions such as Azure and Microsoft 365, operating systems, server applications, business applications, software development tools and video games; it designs and sells devices such as Surface PCs and XBOX consoles; and it sells online advertising through Bing, Copilot, Microsoft News and Microsoft Edge. Microsoft was founded in 1975, is incorporated in Washington and is headquartered in Redmond, Washington.
Microsoft's fiscal year ends on June 30: fiscal year 2026 is the year ended June 30, 2026. For fiscal year 2026 it reported three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The segment names are not new, but their contents changed in August 2024, when Microsoft moved the commercial components of Microsoft 365 into Productivity and Business Processes from fiscal year 2025 and recast prior-period segment figures, so segment figures in older 10-K filings are not directly comparable.
On September 2, 2026, Microsoft announced in a Form 8-K that from fiscal year 2027 it will report two segments instead of three: Agents and Infra, which includes the Microsoft Cloud, productivity and server licensing, and its consulting and support businesses, and Devices and Consumer, which includes Windows, XBOX and its advertising businesses. It said it will report its results for the first quarter of fiscal year 2027 in the new structure. The figures on this page for fiscal year 2026 use the three segments as filed in the 10-K, except where marked as restated.
Microsoft has had a strategic partnership with OpenAI since 2019, which it extended in October 2025 and April 2026. Its 10-K for fiscal year 2026 says it holds an equity-method investment representing an approximate 25% interest in OpenAI on an as-converted basis, that it recorded $24.1 billion of revenue from commercial arrangements with OpenAI in fiscal year 2026, including revenue-sharing payments, and that its other income included $6.5 billion of net gains from its OpenAI investments, mainly a dilution gain from OpenAI's October 2025 recapitalization.
$331,839 million1
Revenue, fiscal year 2026 (year ended June 30, 2026)
$155,237 million1
Operating income, fiscal year 2026
$133,749 million1
Net income, fiscal year 2026
$17.951
Diluted earnings per share, fiscal year 2026
$214.4 billion1
Microsoft Cloud revenue, fiscal year 2026
$678 billion1
Commercial remaining performance obligation, June 30, 2026
$182,935 million1
Net cash from operations, fiscal year 2026
$115,948 million1
Additions to property and equipment, fiscal year 2026
$24.1 billion1
Revenue from commercial arrangements with OpenAI, fiscal year 2026
36 million shares for $16.7 billion1
Common stock repurchased under the repurchase program, fiscal year 2026
$0.91 per share1
Quarterly dividend declared June 10, 2026 (paid September 10, 2026)
approximately 223,000 (121,000 in the U.S., 102,000 internationally)1
Full-time employees, June 30, 2026
Revenue by fiscal year, as reported in 10-K
| Fiscal year | Revenue (as reported in 10-K) | Reported as | Filed |
|---|---|---|---|
| 2023 | $211,915 million5 | Form 10-K for fiscal year 2023 (year ended June 30, 2023), total revenue | Jul 27, 2023 |
| 2024 | $245,122 million6 | Form 10-K for fiscal year 2024 (year ended June 30, 2024), total revenue | Jul 30, 2024 |
| 2025 | $281,724 million2 | Form 10-K for fiscal year 2025 (year ended June 30, 2025), total revenue | Jul 30, 2025 |
| 2026 | $331,839 million1 | Form 10-K for fiscal year 2026 (year ended June 30, 2026), total revenue | Jul 29, 2026 |
Products
Productivity and Business Processes
| Name | Released | What it is |
|---|---|---|
| Microsoft 365 Commercial | — | An AI-powered business and productivity platform that brings together Office, Windows, Microsoft 365 Copilot and Enterprise Mobility + Security; its cloud services include Exchange, SharePoint, Microsoft Teams and the per-user portion of Power BI.1 |
| Microsoft 365 Copilot | Nov 1, 2023 | Launched as Copilot for Microsoft 365, which Microsoft says became generally available for enterprises on November 1, 2023.7 |
| Microsoft Teams | Mar 14, 2017 | A team collaboration tool. Microsoft announced on March 14, 2017 that it was available to Office 365 business customers in 181 markets and 19 languages.8 |
| Microsoft 365 Consumer | — | Microsoft 365 Consumer subscriptions, Office licensed on-premises and other consumer services, including communication and storage through Outlook.com and OneDrive.1 |
| — | An online professional network. Besides its free services, LinkedIn sells Talent Solutions, Marketing Solutions, Premium Subscriptions and Sales Solutions.1 | |
| Dynamics 365 | Nov 1, 2016 | Microsoft announced on November 1, 2016 that Dynamics 365 was generally available.9 |
| Power Apps and Power Automate | — | Low code application development platforms, Power Apps and Power Automate, which Microsoft reports within Dynamics 365, its set of cloud-based business applications.1 |
Intelligent Cloud
| Name | Released | What it is |
|---|---|---|
| Azure | — | A set of cloud services for computing, networking, storage, mobile and web application services, AI and Internet of Things, run through Microsoft's global network of datacenters.1 |
| Azure AI Foundry | — | A unified platform for developers to design, customize and manage AI applications and agents, part of Microsoft's Azure AI offerings.1 |
| GitHub | — | A collaboration platform for developers to manage code and use AI and agent-based tools across the software development lifecycle, offered in the cloud and on-premises.1 |
| Server products: SQL Server, Windows Server, Visual Studio, System Center | — | On-premises server software and developer tools, with related Client Access Licenses, sold mainly through volume licensing programs, OEM licenses and retail packaged products.1 |
| Health and Life Sciences cloud services | — | AI solutions for the healthcare industry, formerly called Nuance Healthcare cloud services.1 |
| Enterprise and partner services | — | Enterprise Support Services, Industry Solutions, Microsoft Partner Network and Learning Experience, which help customers develop, deploy and manage Microsoft solutions and train developers and IT professionals.1 |
More Personal Computing
| Name | Released | What it is |
|---|---|---|
| Windows 11 | Oct 5, 2021 | Microsoft said Windows 11 availability began on October 5, 2021, as that date arrived in each time zone, through a free upgrade on eligible Windows 10 PCs and on new PCs pre-installed with Windows 11.10 |
| Windows OEM licensing | — | Windows Pro and non-Pro licenses sold through the OEM channel, which device makers pre-install on the devices they sell.1 |
| Surface and PC accessories | — | Devices Microsoft designs and sells, including Surface PCs (among them Copilot+ PCs) and PC accessories.1 |
| Copilot+ PCs | Jun 18, 2024 | Windows PCs that Microsoft said were generally available beginning June 18, 2024.11 |
| Xbox Series X and Xbox Series S | Nov 10, 2020 | Game consoles that Microsoft launched on November 10, 2020, according to its Xbox Wire post that day.12 |
| XBOX content and services | — | First- and third-party games and in-game content, XBOX Game Pass and other subscriptions, XBOX Cloud Gaming, advertising and other cloud services. Microsoft completed its acquisition of Activision Blizzard in October 2023.1 |
| XBOX Game Pass | — | A subscription service and gaming community with access to a curated library of first- and third-party titles.1 |
| Bing | — | Microsoft's search engine, which includes Copilot. Part of the Search advertising business, which delivers search, native and display advertising.1 |
| Microsoft Copilot | — | A digital companion that Microsoft says is designed to inform, entertain and inspire; reported within Search advertising.1 |
| Microsoft Edge | — | Microsoft's web browser, which Microsoft describes, with Bing, as a key tool for user acquisition and engagement in its Search advertising business.1 |
Segments and products
- Productivity and Business Processes: Reportable segment in fiscal year 2026 covering Microsoft 365 Commercial products and cloud services (including Microsoft 365 Copilot and Microsoft Teams), Microsoft 365 Consumer products and cloud services, LinkedIn, and Dynamics products and cloud services. Segment revenue was $139,996 million and segment operating income was $83,879 million in fiscal year 2026.1
- Intelligent Cloud: Reportable segment in fiscal year 2026 covering server products and cloud services, including Azure and other cloud services, GitHub cloud services, SQL Server and Windows Server, and enterprise and partner services. Segment revenue was $137,791 million and segment operating income was $56,972 million in fiscal year 2026.1
- More Personal Computing: Reportable segment in fiscal year 2026 covering Windows and Devices (Windows OEM licensing, Surface and PC accessories), XBOX hardware, content and services, and Search advertising (Bing, Copilot, Microsoft News and Microsoft Edge). Segment revenue was $54,052 million and segment operating income was $14,386 million in fiscal year 2026.1
- Revenue by product and service offering, fiscal year 2026: Not segments. Server products and cloud services $129,425 million; Microsoft 365 Commercial products and cloud services $101,997 million; XBOX $21,790 million; LinkedIn $19,817 million; Windows and Devices $17,084 million; Search advertising $15,176 million; Microsoft 365 Consumer products and cloud services $9,175 million; Dynamics products and cloud services $9,006 million; Enterprise and partner services $8,260 million; Other $109 million.1
- Revenue by geography, fiscal year 2026: Revenue from customers in the United States was $170,794 million and from other countries $161,045 million. Microsoft says the U.S. figure includes billings to OEMs and certain multinational organizations, and that no individual customer, and no country other than the United States, accounted for more than 10% of revenue.1
- Segments from fiscal year 2027: Agents and Infra, Devices and Consumer: Announced September 2, 2026. Agents and Infra brings together Azure, Microsoft 365 cloud, productivity and server licensing, Industry solutions (Dynamics, LinkedIn Talent and Sales Solutions, and Healthcare and Life Sciences) and frontier and support services. Devices and Consumer covers search and advertising (now including LinkedIn Marketing Solutions and Premium Subscriptions), XBOX, and Windows OEM and devices. In Microsoft's restated fiscal year 2026 figures, Agents and Infra revenue was $268,127 million with operating income of $136,365 million, and Devices and Consumer revenue was $63,712 million with operating income of $18,872 million.4
Risks
- Competition: Microsoft says it faces intense competition across all of its markets, from large diversified companies to small specialized firms, and that barriers to entry are low in many of its businesses. Its AI offerings compete with AI products from hyperscalers, open-source offerings and frontier model providers, some of which are also its partners.1
- Cloud and AI investment: Microsoft says its investments in AI models, datacenters, components and energy are being made at significant scale and on an accelerated timeline, ahead of fully developed revenue streams, and that the revenue may not arrive when or at the level expected. It says overestimating demand could leave infrastructure underused and lead to asset impairments, while demand above its capacity limits its ability to serve customers.1
- AI costs and pricing: Microsoft says the cost of AI products and services is highly uncertain, including model training and inference costs, component prices and energy costs, and that its margins could suffer if those costs stay high or if AI prices fall because of competition or commoditization.1
- AI partners and OpenAI: Microsoft says its AI strategy depends partly on relationships with third parties that provide technologies, models and services, many of which also compete with it and some of which are significant Azure customers, and that the benefits it expects from them may not be realized or sustained. It names its long-term partnership with OpenAI among arrangements that carry risks such as an unsatisfactory return on investment.1
- Datacenter capacity, power and supply: Microsoft says its datacenter expansion depends on land, permits, predictable energy and servers including GPUs, and that power constraints, permitting delays and community opposition could hold it back. It says there are limited suppliers for certain critical components, and that it has experienced and may continue to experience shortages of semiconductors, networking equipment, power systems and cooling equipment.1
- Cybersecurity: Microsoft says threat actors, including nation-states, have gained unauthorized access to its systems and data. It cites an attack beginning in late November 2023 in which a nation-state associated actor used a password spray attack to reach Microsoft email accounts and then some source code repositories and internal systems, and says this has harmed and may continue to harm its reputation and customer relationships.1
- Competition law and regulation: Microsoft says government agencies closely scrutinize it under competition laws in markets including the EU, the United Kingdom, the U.S. and China, and that enforcement actions or new market regulations could bring fines or limit its products. It also cites evolving AI rules, such as the EU AI Act, and data protection, cybersecurity and trade rules.1
- IRS tax dispute: Microsoft says the IRS issued Notices of Proposed Adjustment for tax years 2004 to 2013, mainly about intercompany transfer pricing, seeking an additional tax payment of $28.9 billion plus penalties and interest. Microsoft says it disagrees and will contest them through the IRS appeals process and, if necessary, in court.1
- Intellectual property claims, including AI: Microsoft says third parties claim it infringes their intellectual property, including copyright and other claims arising from AI training, inference and output, and that resolving such claims could mean royalty or licensing agreements, product changes, damages or injunctions.1
Frequently asked questions
- What does Microsoft do?
- According to its Form 10-K for fiscal year 2026, Microsoft develops and supports software, services, devices and solutions, including Azure and other cloud services, Microsoft 365, Windows, LinkedIn, Dynamics, GitHub, XBOX games and consoles, Surface devices and Bing search advertising.
- What was Microsoft's revenue in fiscal year 2026?
- Microsoft reported total revenue of $331,839 million for fiscal year 2026, the year ended June 30, 2026, in its Form 10-K filed on July 29, 2026. Net income was $133,749 million and Microsoft Cloud revenue was $214.4 billion.
- When does Microsoft's fiscal year end?
- On June 30. Fiscal year 2026 is the year ended June 30, 2026, as named in Microsoft's Form 10-K for that year.
- What segments does Microsoft report?
- For fiscal year 2026, three: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. In a Form 8-K filed on September 2, 2026, Microsoft said that from fiscal year 2027 it will report two segments, Agents and Infra and Devices and Consumer, starting with its results for the first quarter of fiscal year 2027.
- How much revenue does Microsoft get from OpenAI?
- Microsoft's Form 10-K for fiscal year 2026 says it recorded $24.1 billion of revenue from commercial arrangements with OpenAI in fiscal year 2026, including revenue-sharing payments. It accounts for its OpenAI investment under the equity method, representing an approximate 25% interest on an as-converted basis.
- What is the Microsoft Cloud?
- A revenue measure Microsoft reports, which in fiscal year 2026 included Microsoft 365 Commercial cloud, Azure and other cloud services, the commercial portion of LinkedIn, and Dynamics 365. It was $214.4 billion in fiscal year 2026, according to the 10-K.
- Who is Microsoft's CEO?
- Satya Nadella, who has been Chief Executive Officer since February 2014 and Chairman of the Board since June 2021, according to Microsoft's Form 10-K for fiscal year 2026.
- Where is Microsoft headquartered?
- Microsoft's corporate headquarters are in Redmond, Washington, according to its Form 10-K for fiscal year 2026.
Sources
- Microsoft Corporation (SEC filing), Microsoft Corporation Form 10-K for the fiscal year ended June 30, 2026, Jul 29, 2026
- Microsoft Corporation (SEC filing), Microsoft Corporation Form 10-K for the fiscal year ended June 30, 2025, Jul 30, 2025
- Microsoft Corporation (SEC filing), Microsoft Corporation Form 8-K, Item 7.01: change in reportable segments and investor metrics beginning in fiscal year 2027 (filed September 2, 2026), Sep 2, 2026
- Microsoft Corporation (SEC filing), Microsoft Corporation Form 8-K Exhibit 99.1, investor presentation "FY27 Segments and Investor Metrics" (furnished September 2, 2026), Sep 2, 2026
- Microsoft Corporation (SEC filing), Microsoft Corporation Form 10-K for the fiscal year ended June 30, 2023, Jul 27, 2023
- Microsoft Corporation (SEC filing), Microsoft Corporation Form 10-K for the fiscal year ended June 30, 2024, Jul 30, 2024
- Microsoft Corporation (Microsoft 365 Blog), Introducing Microsoft Copilot Studio and new features in Copilot for Microsoft 365, Nov 15, 2023
- Microsoft Corporation (Microsoft News Center), Microsoft Teams rolls out to Office 365 customers worldwide, Mar 14, 2017
- Microsoft Corporation (Microsoft Dynamics 365 Blog), Microsoft Dynamics 365 – Now generally available, Nov 1, 2016
- Microsoft Corporation (Windows Experience Blog), Windows 11: A new era for the PC begins today, Oct 4, 2021
- Microsoft Corporation (Windows Experience Blog), How to unlock new experiences on your Copilot+ PC, Jun 18, 2024
- Microsoft Corporation (Xbox Wire), Power Your Dreams: Xbox Series X and Xbox Series S Now Available Worldwide, Nov 10, 2020
Figures last checked against the sources above on . General information, not investment advice.
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