Microsoft (MSFT) Net Margin (2009 - 2026)

Microsoft (MSFT) posted Net Margin of 36.78% for Q2 2026, down 4.07% sequentially from 38.34% in Q1 2026, and up 1038.0% YoY from 3.23% in Q2 2025.

Microsoft (MSFT) Net Margin (2009 - 2026) Analysis & Trends

Microsoft has reported Net Margin for 18 years, with the latest figure at 36.78% in Q2 2026.

Quarterly Net Margin rose 1038.0% year-over-year to 36.78% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 39.5% (up 586.0% YoY) and the FY2026 annual result came in at 39.5%, up 586.0% from the prior year.
Net Margin slipped to 36.78% in Q2 2026 per MSFT's latest filing, from 38.34% in the prior quarter.
Over five years, Net Margin peaked at 47.32% in Q4 2025 and troughed at 21.28% in Q2 2022.
A 5-year average of 33.97% and a median of 35.14% in 2022 frame the typical range for Net Margin.
The sharpest annual moves came in 2022 and 2025: Net Margin slumped 1755 bps in 2022, then soared 1270 bps in 2025.
Over 5 years, Net Margin stood at 31.14% in 2022, then gained by 13 bps to 35.26% in 2023, then dropped by 2 bps to 34.62% in 2024, then soared by 37 bps to 47.32% in 2025, then declined by 22 bps to 36.78% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 36.78%, 38.34%, and 47.32% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Microsoft	3,679.34 Bn	3,546.58 Bn	60.48 Bn	36.78%
2	Oracle	433.50 Bn	402.15 Bn	-	30.88%
3	Palantir Technologies	418.20 Bn	408.90 Bn	1.64 Bn	55.08%
4	Palo Alto Networks	312.41 Bn	309.30 Bn	2.03 Bn	-5.90%
5	Fortinet	117.38 Bn	113.31 Bn	1.64 Bn	29.55%
6	Cloudflare	101.74 Bn	97.57 Bn	499.52 Mn	-24.42%
7	Synopsys	80.70 Bn	78.49 Bn	1.77 Bn	2.69%
8	CoreWeave	58.00 Bn	52.46 Bn	1.70 Bn	-24.31%
9	Block	49.79 Bn	43.33 Bn	3.17 Bn	1.32%
10	NetApp	40.59 Bn	37.00 Bn	1.37 Bn	-30.24%

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