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Microsoft (MSFT): what its SEC filings show

Two years of results through Q1 fiscal 2027 (Jul–Sep 2026), in plain English. Every figure links to the SEC filing it came from.

Built by the Tribune's code from SEC filings. No AI wrote or changed any figure. No ratings or advice. Updated Nov. 3, 2026. Latest report: 10-Q, filed Oct. 28, 2026. Updates automatically when the company files its next report. How this page works

Revenue
up 19% from a year earlier
Q1 fiscal 2026: $77.7B
Net income
up 32% from a year earlier
Q1 fiscal 2026: $27.7B
Gross margin
down 1.2 points from a year earlier
Q1 fiscal 2026: 69.0%. Calculated by the Tribune
Free cash flow
Q1 fiscal 2026: $25.7B. Calculated by the Tribune
Shares outstanding
unchanged from a year earlier
Q1 fiscal 2026: 7.43B. More shares means each share owns a smaller slice

Q1 fiscal 2027 (Jul–Sep 2026) compared with Q1 fiscal 2026.

What changed this quarter

  • Revenue was $92.3 billion, up 19% from $77.7 billion a year earlier. Source
  • Net income was $36.6 billion, up 32% from $27.7 billion a year earlier. Source

Two-year trends

Revenue

All the money the company took in from sales, before any costs.

69.6Q2 FY2570.1Q3 FY2576.4Q4 FY2577.7Q1 FY2681.3Q2 FY2682.9Q3 FY2690.0Q4 FY2692.3Q1 FY27
69.6Q2FY2570.1Q3FY2576.4Q4FY2577.7Q1FY2681.3Q2FY2682.9Q3FY2690.0Q4FY2692.3Q1FY27
Billions of dollars, as filed.

Net income

What was left after all costs, interest and taxes: the bottom line. Below the line is a loss.

24.1Q2 FY2525.8Q3 FY2527.2Q4 FY2527.7Q1 FY2638.5Q2 FY2631.8Q3 FY2635.8Q4 FY2636.6Q1 FY27
24.1Q2FY2525.8Q3FY2527.2Q4FY2527.7Q1FY2638.5Q2FY2631.8Q3FY2635.8Q4FY2636.6Q1FY27
Billions of dollars: net income attributable to the company's shareholders, as filed (GAAP).

Gross margin

How much of each sales dollar is left after the cost of making the product.

68.7Q2 FY2568.7Q3 FY2568.6Q4 FY2569.0Q1 FY2668.0Q2 FY2667.6Q3 FY2667.2Q4 FY2667.8Q1 FY27
68.7Q2FY2568.7Q3FY2568.6Q4FY2569.0Q1FY2668.0Q2FY2667.6Q3FY2667.2Q4FY2667.8Q1FY27
Percent of revenue. Calculated by the Tribune: gross profit divided by revenue, as filed.

Free cash flow

Cash brought in by running the business, minus spending on property and equipment. Below the line means the company spent more than it brought in that quarter.

6.5Q2 FY2520.3Q3 FY2525.6Q4 FY2525.7Q1 FY265.9Q2 FY2615.8Q3 FY2619.6Q4 FY2618.6Q1 FY27
6.5Q2FY2520.3Q3FY2525.6Q4FY2525.7Q1FY265.9Q2FY2615.8Q3FY2619.6Q4FY2618.6Q1FY27
Billions of dollars. Calculated by the Tribune: cash from operations minus payments for property and equipment, both as filed.

Shares outstanding

How many shares exist. When the number rises, each share owns a smaller slice of the company.

7.43Q2 FY257.43Q3 FY257.43Q4 FY257.43Q1 FY267.43Q2 FY267.43Q3 FY267.43Q4 FY267.43Q1 FY27
7.43Q2FY257.43Q3FY257.43Q4FY257.43Q1FY267.43Q2FY267.43Q3FY267.43Q4FY267.43Q1FY27
Billions of shares on each quarter-end date (or on the report's cover page a few weeks later).

Cash and short-term investments compared with debt

Cash on hand next to what the company owes in loans and bonds.

Cash and short-term investmentsDebt
7245Q2 FY258043Q3 FY259543Q4 FY2510243Q1 FY268940Q2 FY267840Q3 FY267740Q4 FY266535Q1 FY27
Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26Q1FY27
Billions of dollars at each quarter-end. Debt = short-term plus long-term debt, only when both are filed for that date (calculated by the Tribune). A dash means no data.

Warning-sign checks

Code looks for these filings in the last three years and reports only that a filing exists, never what it means for the stock.

Auditor change
The company changed the accounting firm that checks its books.
None in the last three years
Past results can't be relied on
The company said earlier reported results were wrong and will be corrected.
None in the last three years
Late filing
The company told the SEC a required report would be late.
None in the last three years

Every figure and its filing

Each figure links to the 10-Q or 10-K it came from. "No data" means it wasn't filed in a form the methodology accepts; nothing is estimated.

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Figures as filed in 10-Q and 10-K reports; the latest filing wins. Single quarters, the fourth quarter (the full year minus the first nine months), free cash flow, margins and changes are calculated by the Tribune. Methodology version 1.2. How this page works · All of Microsoft's filings on SEC EDGAR