MS Q3 2026 Earnings — Income Statement Breakdown
For its Q3 2026 period (ending 2026-09-30), MS reported revenue of $20.3B, gross profit of $20.3B (100.0% gross margin), operating income of $6.5B, and net income of $4.8B (23.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MS was profitable; no comparable cached period is available, and EPS beat consensus by $0.20.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
EPS was $3.03 versus $2.83 expected.
MS Q3 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $20.3B | 100% |
| Cost of Revenue | — | 0.0% |
| Gross Profit | $20.3B | 100.0% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Other Operating Expenses | −$13.9B | 68.1% |
| Operating Income | $6.5B | 31.9% |
| Interest Expense | −$12.9B | 63.6% |
| Other Income, net | $12.7B | 62.5% |
| Income Tax Expense | −$1.5B | 7.4% |
| Net Income | $4.8B | 23.4% |
Source: original SEC filing (filed 2026-10-14). Accession 0000895421-26-000288. Data normalized by EarningsFyi.