Companies/Technology/Systems software, cloud computing and productivity software

Microsoft

MSFT · NasdaqEarnings Oct 28Redmond, Washington, USA223.0K employeesWebsite ↗
543.78▲ 0.40%Pooled price · full market data →

What matters nowUpdated 9 h ago

  • On October 7 Microsoft set fiscal Q1 2027 results for after the close on October 28, 2026 1. On October 8 the FT reported that OpenAI's annualized revenue was close to $50 billion at the end of September, well below the roughly $70 billion figure reported in late September, and Nvidia and Microsoft also slipped as Oracle fell about 5% 2.
  • MSFT printed 544.065 on pooled 24/7 venue prices (not exchange closes) at 11:51 UTC on 2026-10-13, up 0.457% from a previous close of 541.59. It rose 2.41% to a close of $535.71 on October 9 with no company-specific report found, in a broadly risk-on tape where SPX gained 0.47% and QQQ 0.53%. Its largest recent move was +5.59% on July 30, after fiscal Q4 results showed Azure growing 43%, and it rose 4.44% on September 25 when Microsoft unveiled the rebuilt Copilot app 3.
  • Trailing twelve months to June 30, 2026 show revenue of $331.8 billion, up 17.8% year on year, a 40.3% net margin, EPS of $17.96 (up 31.7%), a P/E of 30.3, a 1.66% free cash flow yield and a $4.04 trillion market cap. Azure and other cloud services grew 43% in the June quarter. Insiders sold $81.9 million of stock over the last 180 days with no buys, including CFO Amy Hood's sale of 41,674 shares, about $20.8 million, on September 14 under a 10b5-1 plan 4.
  • Next is Q1 FY27 earnings on October 28, 2026 at 16:00 UTC, against company guidance of $89.85 billion to $90.95 billion in revenue and about 45% constant-currency Azure growth 1. The $0.98 quarterly dividend goes ex on November 19 and is paid on December 10 5, and September CPI is released on October 14 at 12:30 UTC.
  • Polymarket puts a 15.5% chance on Microsoft being the third-largest company by market cap on October 31 and 0.1% on it being the largest, and prices a 12% chance of MSFT hitting $480 in October.

Microsoft sells cloud infrastructure and AI services through Azure, productivity and business software through Microsoft 365, Dynamics and LinkedIn, Windows and devices, and Xbox gaming. Fiscal 2026 (ended June 30, 2026) revenue was $331.8 billion, with Azure and other cloud services growing 41% for the year and 43% in the June quarter. The stock trades on how fast Azure grows against how much capex the company spends to get there, the economics of its OpenAI stake and contracts, and the regulatory pressure on bundling and cloud licensing.

How it makes money

Microsoft earns recurring subscription and consumption revenue. Azure is billed on usage and reserved capacity, Microsoft 365 and Dynamics are sold as per-user or per-seat subscriptions, and Copilot is sold as an add-on or bundled SKU. Gaming revenue comes from Xbox content, Game Pass and console sales. Capital spending on AI datacenters, GPUs and custom chips is the main cost; management says demand still exceeds available capacity.

Last 12 monthsChart & venues →

362.41449.71537.00Oracle falls about 5% as FT reports OpenAI annualized revenue near $50 billion1Microsoft rebuilds Copilot around Home, Code and Autopilot agent2Microsoft shares jump as much as 17%, biggest one-day gain since 2008, on fiscal Q4 results3Microsoft Q4 FY26: revenue $90.0B, Azure +43%, FY26 revenue $331.8B4Alphabet shares fall 7.1% to $317.69 on higher spending plan5Microsoft cuts about 4,800 jobs and divests Xbox studios6EU preliminarily finds Azure should be a DMA gatekeeper despite missing thresholds7Chevron signs 20-year power deal with Microsoft for 2.67 GW West Texas plant8Dec 31Mar 13May 23Aug 2Oct 12
Numbered dots: the stories that mattered. Click one.

Valuation & fundamentalsFull financials →

Market cap$4.04Tpooled price × shares
Enterprise value$4.06T+ net debt $19.36B
P/E (TTM)30.3×EPS $17.96
EV / EBITDA21.4×EBITDA $189.54B
P / Sales12.2×EV/Sales 12.2×
P / Book9.1×equity $442.39B
FCF yield1.7%FCF $66.99B
Shareholder yield1.2%div 0.67% · buyback 0.6%
Revenue (TTM)$331.84B17.8% YoY
Last quarter revenue17.7%growth YoY
EPS growth (TTM)31.7%last Q 31.8%
Gross margin67.9%operating 46.8%
Net margin40.3%EBITDA 57.1%
ROE34.0%on average equity
Cash$20.93Bdebt $40.29B
Shares out7.43Bdiluted —

TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →

Biggest businessesAll products & projects →

scalingplatform

Azure and other cloud services

Grew 43% in the June 2026 quarter and 41% for fiscal 2026. Management guides about 45% constant-currency growth for the September quarter and says it is still capacity-constrained.

Azure and other cloud services revenue growth · Q4 FY26 (Apr-Jun 2026)
43% (43% in constant currency) up from 40% in Q3 FY26
Azure and other cloud services revenue growth · FY26 (full year)
41%
Azure and other cloud services revenue growth, guidance · Q1 FY27 guidance (Jul-Sep 2026)
about 45% in constant currency

Next: Q1 FY27 results and Azure growth update · 2026-10-28

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Microsoft 365 (commercial and consumer)

Commercial list prices for several suites rose on July 1, 2026. Productivity and Business Processes revenue grew 14% in the June 2026 quarter.

Microsoft 365 E5 (with Teams) commercial list price · effective July 1, 2026
$57.00 to $60.00 (about 5%)
Microsoft 365 E3 (with Teams) commercial list price · effective July 1, 2026
$36.00 to $39.00 (about 8%)
Productivity and Business Processes revenue · Q4 FY26
$37,847 million, up 14%
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Microsoft 365 Copilot

Over 30 million paid seats as of the June 2026 quarter, with net paid-seat additions more than doubling sequentially.

Paid Microsoft 365 Copilot seats · Q4 FY26 (Apr-Jun 2026)
over 30 million
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GitHub Copilot

50 million users stated on the July 2026 call. Usage-based billing began in June 2026, and management says usage ran ahead of expectations.

GitHub Copilot users · Q4 FY26 (stated on call)
50 million
GitHub users (all products) · Q4 FY26 (stated on call)
225 million
GitHub Copilot revenue growth, quarter over quarter · Q4 FY26 (stated on call, no dollar figure)
accelerated by over 60%

Latest newsAll news →

Marvell, Microsoft and Oracle form OCP working group on server-level hardware security

Marvell, Microsoft and Oracle founded a new Open Compute Project working group to define an open specification for an integrated hardware security module at the server level.

Deal

Office 2021 and Windows 11 24H2 Home/Pro reach end of support on Oct. 13

Microsoft's lifecycle table lists October 13, 2026 as the end-of-support date for the Office 2021 family, including Publisher 2021 and Word 2021, and for Office LTSC 2021.

Product

Oracle falls about 5% as FT reports OpenAI annualized revenue near $50 billion

The Financial Times reported that OpenAI told investors its annualized revenue was close to $50 billion at the end of September, well below the roughly $70 billion figure reported in late September.

News

Microsoft sets fiscal Q1 2027 results for Oct. 28 after the close

Microsoft said on October 7, 2026 that it will publish fiscal year 2027 first-quarter results after the market closes on Wednesday, October 28, 2026.

Earnings

Microsoft's RTX Spark Surface Laptop Ultra starts at $2,599 in October 2026 Windows event

Microsoft's Surface Laptop Ultra, built on NVIDIA's RTX Spark platform, is listed from $2,599 in a Windows Central roundup of RTX Spark laptops.

Product

Battlefield 6 joins Xbox Game Pass on October 13 for Ultimate and PC

Pure Xbox reported on October 7, 2026 that Battlefield 6 arrives on Xbox Game Pass on October 13 for Ultimate and PC members.

Product