Microsoft (MSFT) Net Margin (2009 - 2026)

Microsoft has disclosed Net Margin across 18 years of filings, most recently posting 39.5% for FY2026.

• In Q2 2026, Net Margin rose 1038.0% year-over-year to 36.78%; the TTM figure through Jun 2026 stood at 39.5% (up 586.0% YoY), while the FY2026 annual figure was 39.5%, up 586.0% from the prior year.
• Net Margin came in at 39.5% for FY2026 at Microsoft, up from 33.64% in the prior year.
• In the past five years, Net Margin ranged from a high of 39.5% in FY2026 to a low of 31.29% in FY2023.
• Average Net Margin over 5 years is 34.45%, with a median of 33.81% recorded in 2022.
• Year-over-year, Net Margin slumped 255 bps in 2022 and soared 586 bps in 2026.
• Over 5 years, Net Margin stood at 33.81% in 2022, then slipped by 7 bps to 31.29% in 2023, then increased by 9 bps to 34.02% in 2024, then retreated by 1 bps to 33.64% in 2025, then climbed by 17 bps to 39.5% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 39.5% in FY2026, 33.64% in FY2025, and 34.02% in FY2024.