Microsoft (MSFT) Operating Income (2009 - 2026)

Microsoft's (MSFT) quarterly Operating Income came in at $38.4 billion in Q1 2026, up 19.99% year-on-year from $32.0 billion in Q1 2025, and little changed quarter-over-quarter from $38.3 billion in Q4 2025.

Microsoft (MSFT) Operating Income (2009 - 2026) Analysis & Trends

Microsoft has disclosed Operating Income across 18 years of filings, most recently posting $38.4 billion for Q1 2026.

  • Operating Income for Q1 2026 came in at $38.4 billion, up 19.99% year-over-year; the trailing twelve-month figure through Mar 2026 was $149.0 billion (up 21.97% YoY), and the FY2025 annual result was $128.5 billion, up 17.45% from the prior year.
  • Operating Income came in at $38.4 billion for Q1 2026 at Microsoft, roughly flat from $38.3 billion in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $38.4 billion in Q1 2026 to a low of $20.4 billion in Q1 2022.
  • The 5-year median for Operating Income is $27.6 billion (2024), against an average of $28.4 billion.
  • Across the five-year window, Operating Income retreated 8.31% in 2022 and jumped 32.52% in 2023, its largest moves.
  • Microsoft's Operating Income stood at $20.4 billion in 2022, then surged by 32.52% to $27.0 billion in 2023, then climbed by 17.09% to $31.7 billion in 2024, then gained by 20.92% to $38.3 billion in 2025, then climbed by 0.32% to $38.4 billion in 2026.
  • The last three Operating Income figures came in at $38.4 billion (Q1 2026), $38.3 billion (Q4 2025), and $38.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Microsoft 3,064.95 Bn 2,986.68 Bn 56.06 Bn 38.40 Bn
2 Alarum Technologies 1,117.04 Bn 1,102.89 Bn 7.23 Mn 809,000.00
3 Oracle 608.54 Bn 569.96 Bn 15.14 Bn 5.46 Bn
4 Palantir Technologies 326.97 Bn 319.05 Bn 1.42 Bn 754.00 Mn
5 Palo Alto Networks 185.10 Bn 180.56 Bn 1.91 Bn 397.00 Mn
6 CrowdStrike Holdings 165.31 Bn 162.25 Bn 993.68 Mn 13.79 Mn
7 Fortinet 105.66 Bn 102.37 Bn 1.49 Bn 580.00 Mn
8 Synopsys 89.71 Bn 89.60 Bn 1.77 Bn 203.05 Mn
9 Cloudflare 87.54 Bn 86.60 Bn 455.60 Mn -61.99 Mn
10 CoreWeave 53.90 Bn 51.63 Bn 2.01 Bn -144.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 38.40 Bn
Dec 31, 2025 38.28 Bn
Sep 30, 2025 37.96 Bn
Jun 30, 2025 34.32 Bn
Mar 31, 2025 32.00 Bn
Dec 31, 2024 31.65 Bn
Sep 30, 2024 30.55 Bn
Jun 30, 2024 27.93 Bn
Mar 31, 2024 27.58 Bn
Dec 31, 2023 27.03 Bn
Sep 30, 2023 26.90 Bn
Jun 30, 2023 24.25 Bn
Mar 31, 2023 22.35 Bn
Dec 31, 2022 20.40 Bn
Sep 30, 2022 21.52 Bn
Jun 30, 2022 20.53 Bn
Mar 31, 2022 20.36 Bn
Dec 31, 2021 22.25 Bn
Sep 30, 2021 20.24 Bn
Jun 30, 2021 19.10 Bn