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.
Powered by 
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,713.76 Bn | 3,581.01 Bn | 60.48 Bn | 36.78% |
| 2 | Oracle | 450.04 Bn | 418.14 Bn | - | 13.89% |
| 3 | Palantir Technologies | 418.31 Bn | 408.90 Bn | 1.64 Bn | 55.08% |
| 4 | Palo Alto Networks | 267.65 Bn | 264.54 Bn | 2.03 Bn | -5.90% |
| 5 | CrowdStrike Holdings | 216.60 Bn | 211.59 Bn | 1.10 Bn | 0.36% |
| 6 | Fortinet | 114.71 Bn | 110.64 Bn | 1.64 Bn | 29.55% |
| 7 | Cloudflare | 99.23 Bn | 95.07 Bn | 499.52 Mn | -24.42% |
| 8 | Synopsys | 75.15 Bn | 71.55 Bn | 1.80 Bn | 22.03% |
| 9 | Block | 49.78 Bn | 43.36 Bn | 3.17 Bn | 1.32% |
| 10 | CoreWeave | 48.53 Bn | 42.99 Bn | 1.70 Bn | -24.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.78% |
| Mar 31, 2026 | 38.34% |
| Dec 31, 2025 | 47.32% |
| Sep 30, 2025 | 35.72% |
| Jun 30, 2025 | 26.40% |
| Mar 31, 2025 | 36.86% |
| Dec 31, 2024 | 34.62% |
| Sep 30, 2024 | 37.61% |
| Jun 30, 2024 | 26.72% |
| Mar 31, 2024 | 35.47% |
| Dec 31, 2023 | 35.26% |
| Sep 30, 2023 | 39.44% |
| Jun 30, 2023 | 24.96% |
| Mar 31, 2023 | 34.62% |
| Dec 31, 2022 | 31.14% |
| Sep 30, 2022 | 35.03% |
| Jun 30, 2022 | 21.28% |
| Mar 31, 2022 | 33.89% |
| Dec 31, 2021 | 36.28% |
| Sep 30, 2021 | 45.25% |