Microsoft (MSFT) Net Margin (2009 - 2026)
Microsoft's (MSFT) quarterly Net Margin came in at 38.34% in Q1 2026, up 148.0% year-on-year from 15.46% in Q1 2025, and down 18.98% quarter-over-quarter from 47.32% in Q4 2025.
Microsoft (MSFT) Net Margin (2009 - 2026) Analysis & Trends
Microsoft has disclosed Net Margin across 18 years of filings, most recently posting 38.34% for Q1 2026.
- Net Margin for Q1 2026 came in at 38.34%, up 148.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 39.34% (up 2194.0% YoY), and the FY2025 annual result was 36.15%, up 2044.0% from the prior year.
- Net Margin came in at 38.34% for Q1 2026 at Microsoft, down from 47.32% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 47.32% in Q4 2025 to a low of 47.9% in Q2 2022.
- The 5-year median for Net Margin is 35.26% (2023), against an average of 23.02%.
- Across the five-year window, Net Margin slumped 1755 bps in 2022 and soared 7827 bps in 2025, its largest moves.
- Microsoft's Net Margin stood at 31.14% in 2022, then increased by 13 bps to 35.26% in 2023, then decreased by 2 bps to 34.62% in 2024, then jumped by 37 bps to 47.32% in 2025, then slipped by 19 bps to 38.34% in 2026.
- The last three Net Margin figures came in at 38.34% (Q1 2026), 47.32% (Q4 2025), and 35.72% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 28.90% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 2.69% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -3.58% |
| 10 | CoreWeave | 51.85 Bn | 49.58 Bn | 2.01 Bn | -35.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 38.34% |
| Dec 31, 2025 | 47.32% |
| Sep 30, 2025 | 35.72% |
| Jun 30, 2025 | 35.63% |
| Mar 31, 2025 | 36.86% |
| Dec 31, 2024 | 34.62% |
| Sep 30, 2024 | 37.61% |
| Jun 30, 2024 | -42.65% |
| Mar 31, 2024 | 35.47% |
| Dec 31, 2023 | 35.26% |
| Sep 30, 2023 | 39.44% |
| Jun 30, 2023 | -29.03% |
| Mar 31, 2023 | 34.62% |
| Dec 31, 2022 | 31.14% |
| Sep 30, 2022 | 35.03% |
| Jun 30, 2022 | -47.90% |
| Mar 31, 2022 | 33.89% |
| Dec 31, 2021 | 36.28% |
| Sep 30, 2021 | 52.57% |
| Jun 30, 2021 | -42.95% |