Microsoft (MSFT) Net Margin (2009 - 2026)
Microsoft's Net Margin came in at 39.69% for fiscal Q1 2027 (quarter ended Sep 30, 2026), up 3.97 percentage points from 35.72% a year earlier but down 0.04 percentage points from the prior quarter.
Microsoft (MSFT) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Microsoft reported Net Margin of 41.17%, up 5.46 percentage points year-over-year; for FY2026 (ended Jun 30, 2026), it came in at 40.31%, up 4.16 percentage points from FY2025.
- Net Margin has increased in each of the last three fiscal years, with a five-year change of +3.85 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Net Margin was 36.15% in FY2025 (+0.19 pp), 35.96% in FY2024 (+1.81 pp), 34.15% in FY2023 (-2.54 pp) and 36.69% in FY2022 (+0.23 pp).
- The five-year range for quarterly Net Margin is 31.14% (fiscal Q2 2023) to 47.32% (fiscal Q2 2026).
- Year-over-year, Net Margin has increased for four consecutive quarters, with an average year-over-year change of +2.84 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q2 2026 (a gain of 12.70 percentage points), and the weakest in fiscal Q1 2023 (a drop of 10.22 percentage points).
- Business Quant data shows MSFT's Net Margin at 39.74% (Q4 2026), 38.34% (Q3 2026) and 47.32% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Yr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,893.08 Bn | 3,828.57 Bn | 62.56 Bn | 40.31% |
| 2 | International Business Machines | 242.18 Bn | 242.18 Bn | 9.71 Bn | 15.69% |
| 3 | Equinix | 99.50 Bn | 87.40 Bn | 1.31 Bn | 14.65% |
| 4 | Cloudflare | 99.40 Bn | 82.92 Bn | 499.52 Mn | -4.72% |
| 5 | Nebius | 37.20 Bn | 10.63 Bn | 448.70 Mn | 15.57% |
| 6 | CoreWeave | 30.21 Bn | 17.30 Bn | 1.70 Bn | -23.84% |
| 7 | Verisign | 27.65 Bn | 25.01 Bn | 393.20 Mn | 49.84% |
| 8 | Nutanix | 18.06 Bn | 9.75 Bn | 651.35 Mn | 52.96% |
| 9 | GoDaddy | 15.40 Bn | 15.40 Bn | - | 17.67% |
| 10 | Akamai Technologies | 13.34 Bn | 6.75 Bn | 613.75 Mn | 10.74% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.31% |
| Jun 30, 2025 | 36.15% |
| Jun 30, 2024 | 35.96% |
| Jun 30, 2023 | 34.15% |
| Jun 30, 2022 | 36.69% |
| Jun 30, 2021 | 36.45% |
| Jun 30, 2020 | 30.96% |
| Jun 30, 2019 | 31.18% |
| Jun 30, 2018 | 15.02% |
| Jun 30, 2017 | 26.39% |
| Jun 30, 2016 | 22.53% |
| Jun 30, 2015 | 13.03% |
| Jun 30, 2014 | 25.42% |
| Jun 30, 2013 | 28.08% |
| Jun 30, 2012 | 23.03% |
| Jun 30, 2011 | 33.10% |
| Jun 30, 2010 | 30.02% |
| Jun 30, 2009 | 24.93% |
Microsoft Net 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=net-margin-annual&ticker=MSFT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin-annual", "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=net-margin-annual&ticker=MSFT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();