Microsoft (MSFT) Operating Margin (2009 - 2026)
Microsoft (MSFT) reported Operating Margin of 46.33% for Q1 2026, up 66.0% year-over-year from 27.91% in Q1 2025, and down 1.63% sequentially from 47.09% in Q4 2025.
Microsoft (MSFT) Operating Margin (2009 - 2026) Analysis & Trends
Microsoft's Operating Margin history runs 18 years deep, the most recent figure standing at 46.33% for Q1 2026.
- Quarterly Operating Margin rose 66.0% year-over-year to 46.33% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 46.8% (up 157.0% YoY) and the FY2025 annual result came in at 45.62%, up 98.0% from the prior year.
- Operating Margin was 46.33% for Q1 2026 at Microsoft, down from 47.09% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 48.87% in Q3 2025 to a low of 38.67% in Q4 2022.
- Median Operating Margin over the past 5 years was 44.59% (2024), compared with a mean of 44.22%.
- Across the five-year window, Operating Margin plunged 433 bps in 2022 and jumped 491 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 38.67% in 2022, then gained by 13 bps to 43.59% in 2023, then rose by 4 bps to 45.46% in 2024, then gained by 4 bps to 47.09% in 2025, then retreated by 2 bps to 46.33% in 2026.
- Business Quant data shows MSFT's Operating Margin at 46.33% in Q1 2026, 47.09% in Q4 2025, and 48.87% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | -262.43% |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 46.33% |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 46.18% |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 1.06% |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 31.97% |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 31.36% |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -9.69% |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 8.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 46.33% |
| Dec 31, 2025 | 47.09% |
| Sep 30, 2025 | 48.87% |
| Jun 30, 2025 | 44.90% |
| Mar 31, 2025 | 45.67% |
| Dec 31, 2024 | 45.46% |
| Sep 30, 2024 | 46.58% |
| Jun 30, 2024 | 43.14% |
| Mar 31, 2024 | 44.59% |
| Dec 31, 2023 | 43.59% |
| Sep 30, 2023 | 47.59% |
| Jun 30, 2023 | 43.17% |
| Mar 31, 2023 | 42.29% |
| Dec 31, 2022 | 38.67% |
| Sep 30, 2022 | 42.93% |
| Jun 30, 2022 | 39.59% |
| Mar 31, 2022 | 41.26% |
| Dec 31, 2021 | 43.01% |
| Sep 30, 2021 | 44.66% |
| Jun 30, 2021 | 41.37% |