MSFT
Microsoft
Beat
Last quarter EPS $4.74 vs $4.23 consensus +12.1%
A $90 billion quarter. Azure is the engine. OpenAI adjustments still matter.
Q4 2026 · filed Jul 29, 2026
$499.70
-10.42 (-2.0%)
Microsoft’s June quarter (fiscal Q4) did $90.0 billion of revenue, up 18%. Azure grew 43%. Non-GAAP EPS was $4.74 versus a ~$4.24 estimate. GAAP EPS of $4.81 includes the OpenAI investment mark — Microsoft itself tells you to look at the non-GAAP number.
Ticker Snapshot
Market cap
$3.71T
Shares × last price
EPS (TTM)
$17.95
Trailing twelve months
EBITDA
$53.38B
Average of last 4 Quarters.
Trailing P/E
27.9
Price / TTM EPS
Forward P/E
21.2
Price / next-year EPS
Price / book
8.39×
Price vs net assets on the books
Price / sales
11.2×
Market cap vs last 12 months of sales
Price / cash flow
20.3×
Market cap vs operating cash flow
EV / revenue
11.3×
Enterprise value vs sales — includes debt
Div. yield
0.73%
Annual dividend / price
52-week
$349.20 – $553.72
Range over the last year
From the latest filing
Last 4 quarters ended Jun 30, 2026. Same period on every tile. Arrows vs last quarter and as of last year.
Godel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffHow sales became profit
Average of Last 4 Quarters · Jul 1, 2025 through Jun 30, 2026
What they sold
$82.96B
Revenue. What customers paid.
Cost to make it
−$26.59B
Cost of goods. What it took to produce.
Left after product costs are paid
$56.37B
Gross profit. Sales minus product costs.
Running the company
−$17.56B
Overhead — R&D, selling, and admin.
Operating income
$38.81B
Left after running the business, before interest and tax.
Profit on the books
$33.44B
GAAP net income. Not cash — that's free cash flow.
Profit margin
40.3%
How much of sales became book profit.
Per $100 of sales
Same story, scaled to a hundred-dollar bill so the mix is obvious.
Sales
$100
Average of last 4 Quarters.
Cost to make it
$32
Average of last 4 Quarters.
Left after product costs are paid
$68
Average of last 4 Quarters.
On the books
$40
Average of last 4 Quarters.
Where the money came from
Segments tagged in the filing — the parts inside the total.
Intelligent Cloud (Azure)
+43% YoY
Azure +43% — the number the print was about. Segment dollars not restated here.
Productivity & Business
+15% YoY
Microsoft 365 Copilot seats keep compounding.
Brief me
A short teacher-voice walkthrough of the filing. On tap, not on load. Never a buy or sell.
Godel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffFilings map
The source documents on EDGAR. Opens in a new tab.
- 4Insider tradesOfficers and directors report buys and sells within two business days. Filed 2026-09-02.
- 8-KCurrent report (earnings 8-K)The exhibit filed the night of the print — Item 2.02 when it is earnings. Filed 2026-09-02.
- 10-KAnnual reportFull-year audited statements and the business description. Filed 2026-07-29.
- 10-QQuarterly reportThe numbered financials, MD&A, and risk-factor updates. Filed 2026-04-29.