MSFT Microsoft

XNGS Up Alert

Technology

· How we analyze

About the company

Microsoft is a software company from Redmond in the US state of Washington. It is known for Windows, Office (Microsoft 365) and the Azure cloud platform. It also owns LinkedIn, Xbox with game studios such as Activision Blizzard, the Bing search engine and AI offerings such as Copilot. As of Oct 13, 2026

Fact sheet (from the annual report) Software (packaged programs) · Redmond, USA

Microsoft develops and supports software, services, devices and solutions and was founded in 1975. Its products include operating systems, server applications, business applications, developer tools and video games, plus devices such as PCs, tablets and game consoles. It reports in the segments Intelligent Cloud, More Personal Computing and Productivity and Business Processes. The productivity segment includes Microsoft 365 for businesses and LinkedIn, among others. Through the Azure cloud, customers use computing power, networking, storage and artificial intelligence services in data centers distributed worldwide. In addition, there are server products, obtained among other ways through volume licensing programs, as well as consulting and support and online advertising.

Automatically summarized from SEC annual report (10-K, filed Jul 29, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today −0.2%
  • 7 days −0.1%
  • 30 days +2.9%
  • 1 year −0.0%
Day range (last trading day)
−0.6%Price at 47% of the range+0.6%
52-week range
−34.3%Price at 89% of the range+4.2%
Distance from the all-time high
−4.3%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Where is the price relative to the buy zone?

Still above the buy zone

  1. Still above
  2. Close
  3. In the buy zone
  4. Below

After a rise there is a buy zone; the price is still above it. “Near the buy zone” (from Watcher) shows how close it is.

As of: Close of the 4-hour candle Oct 27, 2026, 18:30 · Buy zone in the trade plan · An observation, not investment advice

Rule (4-hour candles) Zone valid since Oct 16, 2026 · last changed on Oct 23, 2026

Watcher Full history: every change of the buy zone with its date.

Automated analysis (rule-based)

How we analyze

Timeframe 4 hours · As of Oct 27, 2026

Elliott wave analysis Microsoft (4-hour candles): wave 2 retracing, buy zone 61.8–78.6% of the advance, invalid below the start of wave 1. Elliott count: Combination (W-X-Y), Corrective pattern (upward), Y complete (3 of 3 guidelines). Candlestick chart MSFT with 112 4-hour candles from Aug 10, 2026, 15:30 to Oct 27, 2026, 18:30. Buy zone detected – price still above it. Rule setup: start on Sep 16, 2026, 19:30, high on Oct 13, 2026, 15:30, pullback low on Oct 23, 2026, 15:30. All values as the distance from the top of the buy zone. Buy zone (61.8 to 78.6%) 0 to −2.1% (targets and stop for this zone from Watcher), invalid on a close below the start (−4.8%). Elliott count: Combination (W-X-Y), Corrective pattern (upward), Y complete (3 of 3 guidelines) (X = 78% of W; Y = 160% of W), invalid on a close above +7.7%. Alternative: Impulse, Impulse pattern (upward), Wave 2 in progress (2 of 2 guidelines). Rule setup on 4-hour candles – the rule evaluates MSFT on this timeframe. Automated analysis (rule-based), not investment advice. MSFT · 4-hour candles · Automated analysis (rule-based) Buy zone detected – price still above it Start High Pullback low 61.80% (0%) 78.60% (−2.1%) invalid (−4.8%) invalid on a close above +7.7% 0 W X Y complete −5% −3% 0% +3% +5% +8% Aug 13 Aug 25 Sep 4 Sep 17 Sep 29 Oct 9 Oct 21 last candle Oct 27, 2026, 18:30 · not investment advice Axis and values in brackets: distance from the top of the buy zone in %
  • 4-hour candles (green = close above open, red = below)
  • Rule setup (blue line start → high → pullback low)
  • Buy zone (0.618–0.786) 0 to −2.1%
  • Setup void on a close below the start (level 1 = 100%)
  • Watcher Target 1, Target 2 and stop for this zone from Watcher
  • Elliott count (thin gold line, waves in circles; dashed circle = still in progress; small = subwaves; red dashed = invalidation level)

Elliott count: Combination (W-X-Y), Corrective pattern (upward), Y complete (3 of 3 guidelines) · X = 78% of W; Y = 160% of W

Comparison: The rule treats the last rise as the possible start of an upward impulse (without checking its history and structure). The Elliott count reads it as the end of an upward correction (Y).

Alternative (not drawn): Impulse, Impulse pattern (upward), Wave 2 in progress (2 of 2 guidelines)

Note: Structure ambiguous: leg Y can also be read as three- or five-part.

Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.

How to draw it yourself
  1. Load the TradingView chart and choose the timeframe 4 hours (4-hour candles) – the buttons above the chart switch it as well.
  2. In the drawing toolbar on the left, choose the Fib Retracement tool (group with the horizontal lines).
  3. Click on the start of wave 1 (low of Sep 16, 2026 19:30) and drag to the high of Oct 13, 2026 15:30.
  4. The buy zone lies between the lines 0.618 and 0.786 (0 to −2.1%); line 1 is the start of wave 1 – if the price closes below it, the setup is void. The rule is only triggered by a candle close above the last swing high .
  5. Watcher Stop, Target 1 and Target 2 of this zone – and how to draw them – are available from Watcher.

On phones the drawing toolbar is hidden – drawing works better on a desktop.

Scenarios

Timeframe 4 hours · As of Oct 27, 2026 · from the Elliott count in the analysis chart

Weighting Main scenario: ahead (3 of 3 guidelines, strong) · Alternative: behind (2 of 2, strong)

Weighting by guidelines met – not a probability.

Main scenario

ahead strong · 3 of 3 guidelines

As long as the 4-hour close stays below the end of Y, this applies: complex countermove upward (Combination W-X-Y), Y complete – count points to falling prices.

Invalid if the 4-hour close is above the end of Y (+7.7% from the top of the zone)

Alternative

behind strong · 2 of 2 guidelines

If that breaks, the alternative moves to the front: Upward move in five waves (Impulse) – count points to rising prices, as long as the 4-hour close stays above the start of wave 1.

Invalid if the 4-hour close is below the start of wave 1 (−5.0% from the top of the zone)

The price is still above the buy zone (0 to −2.1% from its top) (61.8–78.6% of the wave 1 rise). Rule trigger: the daily low reaches the zone, then a swing high forms and a daily close is above it. Whether the price reaches the zone is open – if it rises above the wave 1 high first, the setup is void. All percentages: distance from the top of the buy zone.

In the TradingView chart: Draw the buy zone in the chart with the Fibonacci tool (instructions next to the wave chart) or as two horizontal lines (tool “Horizontal Line”). If the price closes below the start of wave 1 (−4.8%), the setup is void – without an entry of the rule.

Trade plan of the rule

Exit with a gain

Buy zone – Rule trigger: candle close above the swing high

  • Buy zone (Fibonacci 61.8–78.6%) Top = reference point of the percentages 0 to −2.1%

Exit at a loss

Watcher Target 1, Target 2 and stop for this zone – with distance in percent and reward/risk – are available from Watcher. Plans and pricing Percentages from the top of the buy zone (61.8%) – not a forecast.

Rule-based, long only, 4-hour candles. Not a forecast and not investment advice. Lesson: the buy zone in 4 minutes

Save zone

With a free account: save the buy zone shown for yourself (stop and targets from Watcher). It stays visible even if the zone changes later. Log in · Sign up

Fundamental analysis

Microsoft · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Jul 29, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Jun 30, 2026

Quality 8 of 8 met

  • met: Gross margin above 40% 67.9%
  • met: Operating margin above 15% 46.8%
  • met: Net margin above 10% 40.3%
  • met: Return on equity above 15% 30.2%
  • met: Free cash flow margin above 10% 20.2%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 58.3%
Gross margin

67.9% Fiscal year 2026

Rank 77 of 100: higher than 77% of 153 peers (All). strong.

Rank 68 of 100: higher than 68% of 57 peers (Sector). strong.

Median Technology: 56.1%

Share of revenue left after the direct cost of the products sold.

Operating margin

46.8% Fiscal year 2026

Rank 95 of 100: higher than 95% of 192 peers (All). strong.

Rank 94 of 100: higher than 94% of 60 peers (Sector). strong.

Median Technology: 14.2%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

40.3% Fiscal year 2026

Rank 95 of 100: higher than 95% of 237 peers (All). strong.

Rank 93 of 100: higher than 93% of 63 peers (Sector). strong.

Median Technology: 12.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

30.2% Fiscal year 2026

Rank 73 of 100: higher than 73% of 218 peers (All). strong.

Rank 73 of 100: higher than 73% of 61 peers (Sector). strong.

Median Technology: 13.5%

Net income divided by equity at fiscal year end.

Return on assets

17.6% Fiscal year 2026 (total assets at year end)

Rank 88 of 100: higher than 88% of 238 peers (All). strong.

Rank 77 of 100: higher than 77% of 63 peers (Sector). strong.

Median Technology: 5.9%

Net income divided by total assets at fiscal year end.

Equity ratio

58.3% Fiscal year 2026

Rank 80 of 100: higher than 80% of 239 peers (All). strong.

Rank 66 of 100: higher than 66% of 63 peers (Sector). medium.

Median Technology: 51.6%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

20.2% Fiscal year 2026

Rank 70 of 100: higher than 70% of 213 peers (All). strong.

Rank 57 of 100: higher than 57% of 62 peers (Sector). medium.

Median Technology: 19.0%

Free cash flow divided by revenue.

Free cash flow

67.0B USD Fiscal year 2026

Operating cash flow minus capital expenditure on property and equipment.

Growth 7 of 7 met

  • met: Over 3 years, revenue grew by more than 5% per year +16.1%
  • met: Over 5 years, revenue grew by more than 5% per year +14.6%
  • met: Over 10 years, revenue grew by more than 5% per year +13.8%
  • met: Over 3 years, EPS grew by more than 5% per year +22.9%
  • met: Over 5 years, EPS grew by more than 5% per year +17.4%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
  • met: Revenue rose in the last fiscal year +17.8%
Revenue growth 3 years

+16.1% per year

Rank 72 of 100: higher than 72% of 230 peers (All). strong.

Rank 53 of 100: higher than 53% of 59 peers (Sector). medium.

Median Technology: +14.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+14.6% per year

Rank 63 of 100: higher than 63% of 217 peers (All). medium.

Rank 51 of 100: higher than 51% of 54 peers (Sector). medium.

Median Technology: +14.5%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+13.8% per year

Rank 79 of 100: higher than 79% of 157 peers (All). strong.

Rank 55 of 100: higher than 55% of 37 peers (Sector). medium.

Median Technology: +12.4%

Average growth per year over 10 fiscal years.

EPS growth 3 years

+22.9% per year

Rank 74 of 100: higher than 74% of 157 peers (All). strong.

Rank 58 of 100: higher than 58% of 32 peers (Sector). medium.

Median Technology: +19.2%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+17.4% per year

Rank 64 of 100: higher than 64% of 146 peers (All). medium.

Rank 54 of 100: higher than 54% of 34 peers (Sector). medium.

Median Technology: +17.0%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

+23.9% per year

Rank 88 of 100: higher than 88% of 140 peers (All). strong.

Rank 69 of 100: higher than 69% of 27 peers (Sector). strong.

Median Technology: +17.5%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 7 of 7 met

  • met: Pays a dividend 3.64 USD
  • met: Payout ratio at most 60% of earnings 20%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +10.2%
  • met: Free cash flow per share covers the dividend 2.5x
  • met: Dividends paid over the last 5 years covered by free cash flow 33% of free cash flow
Payout ratio

20% Fiscal year 2026

Dividend per share divided by earnings per share.

Dividend growth 5 years

+10.2% per year

Rank 60 of 100: higher than 60% of 118 peers (All). medium.

Rank 45 of 100: higher than 45% of 21 peers (Sector). medium.

Median Technology: +11.2%

Growth of the dividend per share per year.

Free cash flow coverage

2.5x Fiscal year 2026

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 5 of 6 met

  • not met: Piotroski F-Score at least 7 of 9 6 of 9
  • met: Long-term debt no higher than equity 0.09
  • met: Current assets cover current liabilities 1.23
  • met: Positive equity 442.4B USD
  • met: In 5 years, share count up by at most 5% −2.0%
  • met: Free cash flow positive in the last fiscal year 67.0B USD
Piotroski F-Score

6 of 9 Fiscal year 2026

Rank 45 of 100: higher than 45% of 134 peers (All). medium.

Rank 43 of 100: higher than 43% of 44 peers (Sector). medium.

Median Technology: 6.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.09 at fiscal year end

Rank 88 of 100: lower than 88% of 199 peers (All). strong.

Rank 81 of 100: lower than 81% of 54 peers (Sector). strong.

Median Technology: 0.41

Long-term financial debt divided by equity.

Liquidity (current ratio)

1.23 at fiscal year end

Rank 41 of 100: higher than 41% of 215 peers (All). medium.

Rank 23 of 100: higher than 23% of 63 peers (Sector). weak.

Median Technology: 2.02

Current assets divided by current liabilities.

Change in share count

−2.0% in 5 years

Rank 51 of 100: lower than 51% of 199 peers (All). medium.

Rank 62 of 100: lower than 62% of 51 peers (Sector). medium.

Median Technology: +2.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • not met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • not met: Gross margin higher than the prior year
  • not met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+14.6% per year), at least as fast as the sector median.
  • Light green: Net income (total) grew over 5 years (+16.9% per year), at least as fast as the sector median; per share +17.4% per year.
  • Light green: Net margin 40.3%, above the sector median (12.5%).
  • Light green: Debt not higher than usual in the sector.
  • Light green: Profit in each of the last 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2017 (Jul 1, 2016 – Jun 30, 2017): Revenue 96.6B USD · Net income 21.2B USD · Net margin 22.0%
  2. Fiscal year 2018 (Jul 1, 2017 – Jun 30, 2018): Revenue 110.4B USD · Net income 16.6B USD · Net margin 15.0%
  3. Fiscal year 2019 (Jul 1, 2018 – Jun 30, 2019): Revenue 125.8B USD · Net income 39.2B USD · Net margin 31.2%
  4. Fiscal year 2020 (Jul 1, 2019 – Jun 30, 2020): Revenue 143.0B USD · Net income 44.3B USD · Net margin 31.0%
  5. Fiscal year 2021 (Jul 1, 2020 – Jun 30, 2021): Revenue 168.1B USD · Net income 61.3B USD · Net margin 36.5%
  6. Fiscal year 2022 (Jul 1, 2021 – Jun 30, 2022): Revenue 198.3B USD · Net income 72.7B USD · Net margin 36.7%
  7. Fiscal year 2023 (Jul 1, 2022 – Jun 30, 2023): Revenue 211.9B USD · Net income 72.4B USD · Net margin 34.1%
  8. Fiscal year 2024 (Jul 1, 2023 – Jun 30, 2024): Revenue 245.1B USD · Net income 88.1B USD · Net margin 36.0%
  9. Fiscal year 2025 (Jul 1, 2024 – Jun 30, 2025): Revenue 281.7B USD · Net income 101.8B USD · Net margin 36.1%
  10. Fiscal year 2026 (Jul 1, 2025 – Jun 30, 2026): Revenue 331.8B USD · Net income 133.7B USD · Net margin 40.3%

Fiscal year 2026 (Jul 1, 2025 – Jun 30, 2026): Revenue 331.8B USD · Net income 133.7B USD · Net margin 40.3%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2026

Of 100 USD of revenue, 67.9 USD gross profit, 46.8 USD operating income and 40.3 USD net income remained.

Money flow as a table
Fiscal year 2026, amounts in USD, share of revenue
ItemAmountof revenue
Revenue331.8B USD100.0%
Gross profit225.5B USD67.9%
Cost of revenue106.4B USD32.1%
Operating income155.2B USD46.8%
Research & development35.6B USD10.7%
Other operating expenses34.7B USD10.4%
Net income133.7B USD40.3%
Interest expense3.1B USD0.9%
Taxes & other (net)18.4B USD5.6%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 41.6% to 46.8%.

Gross marginOperating marginNet margin
  1. Fiscal year 2017: Gross margin 57.7% · Operating margin 23.1% · Net margin 22.0%
  2. Fiscal year 2018: Gross margin 65.2% · Operating margin 31.8% · Net margin 15.0%
  3. Fiscal year 2019: Gross margin 65.9% · Operating margin 34.1% · Net margin 31.2%
  4. Fiscal year 2020: Gross margin 67.8% · Operating margin 37.0% · Net margin 31.0%
  5. Fiscal year 2021: Gross margin 68.9% · Operating margin 41.6% · Net margin 36.5%
  6. Fiscal year 2022: Gross margin 68.4% · Operating margin 42.1% · Net margin 36.7%
  7. Fiscal year 2023: Gross margin 68.9% · Operating margin 41.8% · Net margin 34.1%
  8. Fiscal year 2024: Gross margin 69.8% · Operating margin 44.6% · Net margin 36.0%
  9. Fiscal year 2025: Gross margin 68.8% · Operating margin 45.6% · Net margin 36.1%
  10. Fiscal year 2026: Gross margin 67.9% · Operating margin 46.8% · Net margin 40.3%

Returns

Return on equity fell in 5 years from 43.2% to 30.2%.

Return on equityReturn on assets
  1. Fiscal year 2017: Return on equity 29.3% · Return on assets 8.8%
  2. Fiscal year 2018: Return on equity 20.0% · Return on assets 6.4%
  3. Fiscal year 2019: Return on equity 38.3% · Return on assets 13.7%
  4. Fiscal year 2020: Return on equity 37.4% · Return on assets 14.7%
  5. Fiscal year 2021: Return on equity 43.2% · Return on assets 18.4%
  6. Fiscal year 2022: Return on equity 43.7% · Return on assets 19.9%
  7. Fiscal year 2023: Return on equity 35.1% · Return on assets 17.6%
  8. Fiscal year 2024: Return on equity 32.8% · Return on assets 17.2%
  9. Fiscal year 2025: Return on equity 29.6% · Return on assets 16.5%
  10. Fiscal year 2026: Return on equity 30.2% · Return on assets 17.6%

Equity and long-term debt

The equity ratio rose in 5 years from 42.5% to 58.3%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2017: Equity 72.4B USD · Long-term debt 77.1B USD
  2. Fiscal year 2018: Equity 82.7B USD · Long-term debt 76.2B USD
  3. Fiscal year 2019: Equity 102.3B USD · Long-term debt 72.2B USD
  4. Fiscal year 2020: Equity 118.3B USD · Long-term debt 63.3B USD
  5. Fiscal year 2021: Equity 142.0B USD · Long-term debt 58.1B USD
  6. Fiscal year 2022: Equity 166.5B USD · Long-term debt 49.8B USD
  7. Fiscal year 2023: Equity 206.2B USD · Long-term debt 47.2B USD
  8. Fiscal year 2024: Equity 268.5B USD · Long-term debt 44.9B USD
  9. Fiscal year 2025: Equity 343.5B USD · Long-term debt 43.2B USD
  10. Fiscal year 2026: Equity 442.4B USD · Long-term debt 40.3B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 2.08 to 1.23.

Current ratio
  1. Fiscal year 2017: Current ratio 2.48
  2. Fiscal year 2018: Current ratio 2.90
  3. Fiscal year 2019: Current ratio 2.53
  4. Fiscal year 2020: Current ratio 2.52
  5. Fiscal year 2021: Current ratio 2.08
  6. Fiscal year 2022: Current ratio 1.78
  7. Fiscal year 2023: Current ratio 1.77
  8. Fiscal year 2024: Current ratio 1.27
  9. Fiscal year 2025: Current ratio 1.35
  10. Fiscal year 2026: Current ratio 1.23

Cash flow

Free cash flow rose in 5 years from 56.1B USD to 67.0B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2017: Operating cash flow 39.5B USD · Capital expenditure 8.1B USD · Free cash flow 31.4B USD
  2. Fiscal year 2018: Operating cash flow 43.9B USD · Capital expenditure 11.6B USD · Free cash flow 32.3B USD
  3. Fiscal year 2019: Operating cash flow 52.2B USD · Capital expenditure 13.9B USD · Free cash flow 38.3B USD
  4. Fiscal year 2020: Operating cash flow 60.7B USD · Capital expenditure 15.4B USD · Free cash flow 45.2B USD
  5. Fiscal year 2021: Operating cash flow 76.7B USD · Capital expenditure 20.6B USD · Free cash flow 56.1B USD
  6. Fiscal year 2022: Operating cash flow 89.0B USD · Capital expenditure 23.9B USD · Free cash flow 65.1B USD
  7. Fiscal year 2023: Operating cash flow 87.6B USD · Capital expenditure 28.1B USD · Free cash flow 59.5B USD
  8. Fiscal year 2024: Operating cash flow 118.5B USD · Capital expenditure 44.5B USD · Free cash flow 74.1B USD
  9. Fiscal year 2025: Operating cash flow 136.2B USD · Capital expenditure 64.6B USD · Free cash flow 71.6B USD
  10. Fiscal year 2026: Operating cash flow 182.9B USD · Capital expenditure 115.9B USD · Free cash flow 67.0B USD

Share count

The share count fell in 5 years by 2.0% (mostly through share repurchases).

Diluted share count
  1. Fiscal year 2017: Diluted share count 7.8B
  2. Fiscal year 2018: Diluted share count 7.8B
  3. Fiscal year 2019: Diluted share count 7.8B
  4. Fiscal year 2020: Diluted share count 7.7B
  5. Fiscal year 2021: Diluted share count 7.6B
  6. Fiscal year 2022: Diluted share count 7.5B
  7. Fiscal year 2023: Diluted share count 7.5B
  8. Fiscal year 2024: Diluted share count 7.5B
  9. Fiscal year 2025: Diluted share count 7.5B
  10. Fiscal year 2026: Diluted share count 7.5B

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
3.64 USD · Fiscal year 2026
Dividend growth per year
3 y +10.2%5 y +10.2%10 y +9.7%
Years without a cut
at least 10 as far as the data goes
Payout ratio
of earnings 20% of free cash flow 39%
To shareholders (5 years)
223.1B USD 51% through repurchases
Share count over 5 years
−2.0% fewer shares – each share is a larger stake

Dividend per share

The dividend per share rose in 5 years from 2.24 USD to 3.64 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2017: Dividend per share 1.56 USD
  2. Fiscal year 2018: Dividend per share 1.68 USD
  3. Fiscal year 2019: Dividend per share 1.84 USD
  4. Fiscal year 2020: Dividend per share 2.04 USD
  5. Fiscal year 2021: Dividend per share 2.24 USD
  6. Fiscal year 2022: Dividend per share 2.48 USD
  7. Fiscal year 2023: Dividend per share 2.72 USD
  8. Fiscal year 2024: Dividend per share 3.00 USD
  9. Fiscal year 2025: Dividend per share 3.32 USD
  10. Fiscal year 2026: Dividend per share 3.64 USD

Payout ratios

The payout ratio fell in 5 years from 27.8% to 20.3%.

Payout ratio (earnings)Payout ratio (free cash flow)
  1. Fiscal year 2017: Payout ratio (earnings) 57.6% · Payout ratio (free cash flow) 37.7%
  2. Fiscal year 2018: Payout ratio (earnings) 78.9% · Payout ratio (free cash flow) 39.4%
  3. Fiscal year 2019: Payout ratio (earnings) 36.4% · Payout ratio (free cash flow) 36.1%
  4. Fiscal year 2020: Payout ratio (earnings) 35.4% · Payout ratio (free cash flow) 33.5%
  5. Fiscal year 2021: Payout ratio (earnings) 27.8% · Payout ratio (free cash flow) 29.4%
  6. Fiscal year 2022: Payout ratio (earnings) 25.7% · Payout ratio (free cash flow) 27.8%
  7. Fiscal year 2023: Payout ratio (earnings) 28.1% · Payout ratio (free cash flow) 33.3%
  8. Fiscal year 2024: Payout ratio (earnings) 25.4% · Payout ratio (free cash flow) 29.4%
  9. Fiscal year 2025: Payout ratio (earnings) 24.3% · Payout ratio (free cash flow) 33.6%
  10. Fiscal year 2026: Payout ratio (earnings) 20.3% · Payout ratio (free cash flow) 39.5%

What goes back to shareholders

Over 5 years, 223.1B USD went back to shareholders, 51% of it through share repurchases. That is 66% of the free cash flow of those years. This was offset by new shares issued for 9.8B USD (including employee plans).

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2017: Dividends paid 11.8B USD · Share repurchases 11.8B USD · New shares issued (including employee plans) 772.0M USD · Free cash flow 31.4B USD
  2. Fiscal year 2018: Dividends paid 12.7B USD · Share repurchases 10.7B USD · New shares issued (including employee plans) 1.0B USD · Free cash flow 32.3B USD
  3. Fiscal year 2019: Dividends paid 13.8B USD · Share repurchases 19.5B USD · New shares issued (including employee plans) 1.1B USD · Free cash flow 38.3B USD
  4. Fiscal year 2020: Dividends paid 15.1B USD · Share repurchases 23.0B USD · New shares issued (including employee plans) 1.3B USD · Free cash flow 45.2B USD
  5. Fiscal year 2021: Dividends paid 16.5B USD · Share repurchases 27.4B USD · New shares issued (including employee plans) 1.7B USD · Free cash flow 56.1B USD
  6. Fiscal year 2022: Dividends paid 18.1B USD · Share repurchases 32.7B USD · New shares issued (including employee plans) 1.8B USD · Free cash flow 65.1B USD
  7. Fiscal year 2023: Dividends paid 19.8B USD · Share repurchases 22.2B USD · New shares issued (including employee plans) 1.9B USD · Free cash flow 59.5B USD
  8. Fiscal year 2024: Dividends paid 21.8B USD · Share repurchases 17.3B USD · New shares issued (including employee plans) 2.0B USD · Free cash flow 74.1B USD
  9. Fiscal year 2025: Dividends paid 24.1B USD · Share repurchases 18.4B USD · New shares issued (including employee plans) 2.1B USD · Free cash flow 71.6B USD
  10. Fiscal year 2026: Dividends paid 26.4B USD · Share repurchases 22.3B USD · New shares issued (including employee plans) 2.0B USD · Free cash flow 67.0B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Microsoft next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison MSFT, sector Technology; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
AAPL Apple Inc. 416.2B USD +8.7%46.9%32.0%26.9%151.9%20.5%23.7%8/9
MSFT Microsoft this stock 331.8B USD +14.6%67.9%46.8%40.3%30.2%58.3%20.2%6/9
NVDA Nvidia 215.9B USD +66.9%71.1%60.4%55.6%76.3%76.1%44.8%4/9
MU Micron Technology 133.2B USD +36.9%80.7%74.6%63.8%61.4%70.6%44.3%8/9
DELL Dell Technologies 113.5B USD +3.8%20.0%7.2%5.2%–−2.4%7.5%7/9
ACN Accenture 74.2B USD +8.0%32.0%15.4%11.3%26.5%42.9%15.7%6/9
IBM IBM 67.5B USD −1.7%58.2%–15.7%32.4%21.5%17.9%7/9
ORCL Oracle Corporation 67.4B USD +10.7%–30.6%25.4%40.2%16.2%−35.2%–
AVGO Broadcom 63.9B USD +21.7%67.8%39.9%36.2%28.4%47.5%42.1%–
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+14.6% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 14.6% per year on average – at least as fast as the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light green: above sector

+16.9% per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: +17.4% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 16.9% per year on average – at least as fast as the median company in the sector (+13.3%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

40.3% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue, 40.31 USD remained as profit – at least as much as the median company in the sector (12.5%). Five years ago the margin was 36.5%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.09 latest balance sheet

Sector Technology: median 0.45 (79 symbols)

What does this mean? For every 1 USD of equity there is 0.09 USD of financial debt – no more than the median company in the sector (0.45). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light green: covered

20% Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.20 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 30%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
331.8B USD
Revenue vs. prior year
+17.8%
Net income (FY)
133.7B USD
Net income vs. prior year
+31.3%
EPS (FY)
17.95 USD
13F funds with a position
4 of 9
Funds vs. prior quarter
−1
Shares held vs. prior quarter
+13.3%
Fiscal year to Jun 30, 2026 · 10-K filed Jul 29, 2026 · Balance sheet Jun 30, 2026 (filed Jul 29, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2026Jun 30, 2026 331.8B133.7B 40.3% 17.95 3.64 20%
2025Jun 30, 2025 281.7B101.8B 36.1% 13.64 3.32 24%
2024Jun 30, 2024 245.1B88.1B 36.0% 11.80 3.00 25%
2023Jun 30, 2023 211.9B72.4B 34.1% 9.68 2.72 28%
2022Jun 30, 2022 198.3B72.7B 36.7% 9.65 2.48 26%
2021Jun 30, 2021 168.1B61.3B 36.5% 8.05 2.24 28%
2020Jun 30, 2020 143.0B44.3B 31.0% 5.76 2.04 35%
2019Jun 30, 2019 125.8B39.2B 31.2% 5.06 1.84 36%
2018Jun 30, 2018 110.4B16.6B 15.0% 2.13 1.68 79%
2017Jun 30, 2017 96.6B21.2B 22.0% 2.71 1.56 58%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26*Jun 30, 2026 90.0B35.8B 39.7% – 0.91 –
Q1/26Mar 31, 2026 82.9B31.8B 38.3% 4.27 0.91 21%
Q4/25Dec 31, 2025 81.3B38.5B 47.3% 5.16 0.91 18%
Q3/25Sep 30, 2025 77.7B27.7B 35.7% 3.72 0.91 24%
Q2/25*Jun 30, 2025 76.4B27.2B 35.6% – 0.83 –
Q1/25Mar 31, 2025 70.1B25.8B 36.9% 3.46 0.83 24%
Q4/24Dec 31, 2024 69.6B24.1B 34.6% 3.23 0.83 26%
Q3/24Sep 30, 2024 65.6B24.7B 37.6% 3.30 0.83 25%
Q2/24*Jun 30, 2024 64.7B22.0B 34.0% – 0.75 –
Q1/24Mar 31, 2024 61.9B21.9B 35.5% 2.94 0.75 26%
Q4/23Dec 31, 2023 62.0B21.9B 35.3% 2.93 0.75 26%
Q3/23Sep 30, 2023 56.5B22.3B 39.4% 2.99 0.75 25%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $75.4M4 people −$75.4M
6 months $00 people $85.9M5 people −$85.9M
12 months $2.0M1 person $118.6M7 people −$116.6M

Latest transactions

  • Oct 13, 2026 Hood Amy Chief financial officer (CFO) Open-market sale · 10b5-1 plan 991 shares · $541.6K · SEC
  • Oct 13, 2026 Hood Amy Chief financial officer (CFO) Open-market sale · 10b5-1 plan 2,927 shares · $1.6M · SEC
  • Oct 13, 2026 Hood Amy Chief financial officer (CFO) Open-market sale · 10b5-1 plan 3,387 shares · $1.8M · SEC
  • Sep 14, 2026 Hood Amy Chief financial officer (CFO) Open-market sale · 10b5-1 plan 3,942 shares · $2.0M · SEC
  • Sep 14, 2026 Hood Amy Chief financial officer (CFO) Open-market sale · 10b5-1 plan 8,834 shares · $4.4M · SEC
  • Sep 14, 2026 Hood Amy Chief financial officer (CFO) Open-market sale · 10b5-1 plan 4,305 shares · $2.1M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +90

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows+10
Relative strength+15

Volatility and trend strength

ADX 14 (trend strength)26.2
Rel. strength 60 d+7.9%

ATR and moving averages as price values only when logged in.

More stocks from Technology

All symbols in this sector

News

Latest news

Posts

No posts on MSFT yet – log in to join the discussion.

Posts are opinions of users and only visible after logging in. Community rules

Set alert: MSFT

Alerts with a free account: we send you an email as soon as the price moves above or below your level, reaches the Elliott buy zone or the Elliott buy zone becomes invalid.

Checked after every data update: crypto hourly (buy zones every 4 hours), stocks twice a day, precious metals every 4 hours on trading days, extended universe weekly – not in real time.

↑ ↓ select · Enter open · Esc close