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NASDAQ NMS - GLOBAL MARKET · Technology · CIK 0000789019
$521.08
-2.23% · delayed ~15 min
Last price from Oct 22, 2026
$3.87T market value
From MICROSOFT CORP's FY2026 10-K, filed Jul 29, 2026 · read the filing
MICROSOFT makes and sells software and computing services. It took in $331.84B last year, which makes it one of the largest companies in the world. Of every dollar it sells, about 40 cents is left as profit.
The financial picture is led by profitability, growth, debt and accounting.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Strong finances across the board.
From MICROSOFT CORP's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Capital spending
$64.55B → $115.95B
Revenue
$281.72B → $331.84B
Gross profit
$193.89B → $225.47B
Operating income
$128.53B → $155.24B
Measured against FY2025, from the 10-K filed Jul 29, 2026
Changed: +79.6%
$64.55B to $115.95BCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
How the latest move compares (quote delayed ~15 min), and what was published around it
MSFT fell 2.23% on the latest quote. The average Technology company tracked here moved −1.26%, and the S&P 500 −1.04%. That is 1.0 points below its sector and 1.2 points below the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 20% a year for the next 10 years. Over the last 10 years it grew by about 10% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 40 cents of every dollar of sales as profit, earning $133.75B last year.
Yes, quickly. Sales grew 17.8% last year.
No. Its borrowings would take under a year of cash flow to clear. For every $1 it owes, it owns $2.40 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 20 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 14% of the cash its operations generated. It has paid in each of the last 12 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2026 annual filing
Last year it earned $133.75B and generated $182.94B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Jul 29, 2026Filing for FY2026 | FY202510-K · Jul 30, 2025Filing for FY2025 | FY202410-K · Jul 30, 2024Filing for FY2024 | FY202310-K · Jul 27, 2023Filing for FY2023 | FY202210-K · Jul 28, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $331.84B | $281.72B | $245.12B | $211.91B | $198.27B | +17.8% |
| Cost of revenue | $106.37B | $87.83B | $74.11B | $65.86B | $62.65B | +21.1% |
| Gross profit | $225.47B | $193.89B | $171.01B | $146.05B | $135.62B | +16.3% |
| Gross marginGross profit ÷ revenueWhat is this? | 67.9% | 68.8% | 69.8% | 68.9% | 68.4% | −0.9 pts |
| Selling, general and administrative | $7.96B | $7.22B | $7.61B | $7.58B | $5.90B | +10.1% |
| Operating income | $155.24B | $128.53B | $109.43B | $88.52B | $83.38B | +20.8% |
| Operating marginOperating income ÷ revenueWhat is this? | 46.8% | 45.6% | 44.6% | 41.8% | 42.1% | +1.2 pts |
| Interest expense | $3.05B | $2.38B | $2.94B | $1.97B | $2.06B | +27.9% |
| Income before tax | $165.93B | $123.63B | $107.79B | $89.31B | $83.72B | +34.2% |
| Net income | $133.75B | $101.83B | $88.14B | $72.36B | $72.74B | +31.3% |
| Net marginNet income ÷ revenueWhat is this? | 40.3% | 36.1% | 36.0% | 34.1% | 36.7% | +4.2 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $18.01 | $13.70 | $11.86 | $9.74 | $9.75 | +31.5% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| MSFTMICROSOFT CORP · this page | 10.0/10 | 6/9 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Had shares withheld to cover taxes — 32 shares at $533.69 ($17.0K)
Holds 50,925 shares after this filing.
Sold on the open market — 3,387 shares at $544.80 ($1.8M)
Holds 559,314 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Proxy statement for a shareholder meeting
Read the filingMade a Regulation FD disclosure
Read the filingWrite down why you are following MICROSOFT CORP, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 8 subsidiaries named in its 10-K. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from MSFT's 10-K for fiscal year 2026 (period ending 2026-06-30, filed Jul 29, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 10.0 | 6/9 | 10-K, filed Jul 29, 2026 |
| FY2025 | 9.0 | 7/9 | 10-K, filed Jul 30, 2025 |
| FY2024 | 10.0 | 7/9 | 10-K, filed Jul 30, 2024 |
| FY2023 | 9.0 | 6/9 | 10-K, filed Jul 27, 2023 |
| FY2022 | 10.0 | 7/9 | 10-K, filed Jul 28, 2022 |
| FY2021 | 10.0 | 8/9 | 10-K, filed Jul 29, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
4.59
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.64
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +17.8%
$281.72B to $331.84BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +16.3%
$193.89B to $225.47BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +20.8%
$128.53B to $155.24BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +31.3%
$101.83B to $133.75BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +4.2 pts
36.1% to 40.3%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +31.5%
$13.70 to $18.01Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -22.6%
$40.15B to $31.07BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: -30.8%
$30.24B to $20.93BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +1.2 pts
45.6% to 46.8%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: -6.5%
$71.61B to $66.99BNotable
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Changed: +9.8%
$24.08B to $26.45BNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
2 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 17% and 22%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 65 analysts covering this company, as of . Their views, not this site's.
Of 65 analysts publishing on this company, 22 say strong buy, 40 say buy and 3 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 0.8% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 31.3x — a high multiple relative to the current trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
| 17.8% |
| 40.3% |
| 28.94x |
| 0.71x |
| ORCLORACLE CORP | 6.0/10 | 5/7 | 17.3% | 25.4% | 21.16x | 5.16x |
|---|
| PANWPalo Alto Networks Inc | 8.7/10 | 3/8 | 24.5% | 2.7% | 942.21x | 0.76x |
|---|
| CRWDCrowdStrike Holdings, Inc. | 4.7/10 | 4/9 | 21.7% | -3.4% | — | 1.49x |
|---|
| NOWServiceNow, Inc. | 8.7/10 | 5/8 | 20.9% | 13.2% | 94.06x | 1.01x |
|---|
| FTNTFortinet, Inc. | 9.0/10 | 7/9 | 14.2% | 27.3% | 69.35x | 7.40x |
|---|
| ZSZscaler, Inc. | 4.7/10 | 3/8 | 25.4% | -1.9% | — | 2.03x |
|---|
| Median of peers | 7.3/10 | — | 21.3% | 7.9% | 81.70x | 1.76x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Sold on the open market — 2,927 shares at $545.77 ($1.6M)
Holds 556,387 shares after this filing.
Sold on the open market — 991 shares at $546.51 ($541.6K)
Holds 555,396 shares after this filing.
Was granted or awarded shares — 29,077 shares
Holds 141,168 shares after this filing.
Was granted or awarded shares — 6,506 shares
Holds 50,957 shares after this filing.
Was granted or awarded shares — 29,077 shares
Holds 562,701 shares after this filing.
Was granted or awarded shares — 11,569 shares
Holds 59,412 shares after this filing.
Was granted or awarded shares — 29,077 shares
Holds 473,793 shares after this filing.
Had shares withheld to cover taxes — 123 shares at $505.41 ($62.1K)
Holds 81,119 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 56,284 shares ($28.4M) on or after .
Shares originally obtained via Acquired as compensation -- Performance Awards.
Filed notice to sell 86,525 shares ($43.9M) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 10,000 shares ($4.9M) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 6,444 shares ($3.1M) on or after .
Shares originally obtained via Stock Award.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Annual report for FY2026
Revenue +17.8% · Operating margin +1.2 pts · Capital spending +79.6% — against FY2025
Published results
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q3 FY2026
Revenue +18.3% · Profit margin +1.5 pts · Capital spending +84.4% — against Q3 FY2025
Read the filingPublished results
Read the filingQuarterly report for Q2 FY2026
Revenue +16.7% · Operating margin +1.6 pts · Profit +59.5% — against Q2 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Held a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +18.4% · Operating margin +2.3 pts · Gross profit +17.9% — against Q1 FY2025
Read the filingPublished results · Made a Regulation FD disclosure
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Revenue +14.9% · Cash +65.1% · Capital spending +45.1% — against FY2024
Read the filingPublished results
Read the filingAmended its charter or changed its financial year
Read the filingQuarterly report for Q3 FY2025
Revenue +13.3% · Operating margin +1.1 pts · Cash +46.8% — against Q3 FY2024
Read the filingPublished results
Read the filingSource: Exhibit 21 of the 10-K filed 2026-07-29. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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