Microsoft (MSFT) Gross Margin (2009 - 2026)
Microsoft's (MSFT) quarterly Gross Margin came in at 67.2% in Q2 2026, down 139.0% year-over-year from 172.3% in Q2 2025, and down 0.64% quarter-over-quarter from 67.63% in Q1 2026.
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Analysis
Microsoft (MSFT) Gross Margin (2009 - 2026) Analysis & Trends
Microsoft has disclosed Gross Margin across 18 years of filings, most recently posting 67.2% for Q2 2026.
- In Q2 2026, Gross Margin fell 139.0% year-over-year to 67.2%; the TTM figure through Jun 2026 stood at 67.94% (down 88.0% YoY), while the FY2026 annual figure was 67.94%, down 88.0% from the prior year.
- Gross Margin came in at 67.2% for Q2 2026 at Microsoft, down from 67.63% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 71.16% in Q3 2023 to a low of 66.85% in Q4 2022.
- Average Gross Margin over 5 years is 68.82%, with a median of 68.71% recorded in 2024.
- Year-over-year, Gross Margin jumped 198 bps in 2023 and slumped 180 bps in 2024.
- Over 5 years, Gross Margin stood at 66.85% in 2022, then climbed by 2 bps to 68.36% in 2023, then advanced by 0 bps to 68.69% in 2024, then retreated by 1 bps to 68.04% in 2025, then decreased by 1 bps to 67.2% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 67.2% in Q2 2026, 67.63% in Q1 2026, and 68.04% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 67.20% |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 57.73% |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | 71.76% |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 53.14% |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | 77.06% |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | 65.86% |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 88.50% |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 86.03% |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 55.81% |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 55.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.20% |
| Mar 31, 2026 | 67.63% |
| Dec 31, 2025 | 68.04% |
| Sep 30, 2025 | 69.05% |
| Jun 30, 2025 | 68.58% |
| Mar 31, 2025 | 68.72% |
| Dec 31, 2024 | 68.69% |
| Sep 30, 2024 | 69.35% |
| Jun 30, 2024 | 69.59% |
| Mar 31, 2024 | 70.08% |
| Dec 31, 2023 | 68.36% |
| Sep 30, 2023 | 71.16% |
| Jun 30, 2023 | 70.11% |
| Mar 31, 2023 | 69.49% |
| Dec 31, 2022 | 66.85% |
| Sep 30, 2022 | 69.17% |
| Jun 30, 2022 | 68.32% |
| Mar 31, 2022 | 68.37% |
| Dec 31, 2021 | 67.21% |
| Sep 30, 2021 | 69.89% |
API Access
Microsoft Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MSFT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MSFT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MSFT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();