MSFT Q4 2026 Earnings — Income Statement Breakdown
For its Q4 2026 period (ending 2026-06-30), MSFT reported revenue of $90.0B, gross profit of $60.5B (67.2% gross margin), operating income of $40.6B, and net income of $35.8B (39.7% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MSFT was profitable; revenue grew 17.7% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +17.7% | +31.3% | +4.1 pp |
| Quarter over quarter | +8.6% | +12.5% | +1.4 pp |
Consensus estimate data is not available for this report.
MSFT Q4 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $90.0B | 100% |
| Cost of Revenue | −$29.5B | 32.8% |
| Gross Profit | $60.5B | 67.2% |
| Research & Development | −$10.0B | 11.1% |
| Selling, General & Administrative | −$9.9B | 11.0% |
| Operating Income | $40.6B | 45.1% |
| Other Income, net | $3.4B | 3.8% |
| Income Tax Expense | −$8.3B | 9.2% |
| Net Income | $35.8B | 39.7% |
Source: MSFT filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.