TICKDELTA
Sign in
Screener / SEC EDGAR /CIK 0000789019 /10-K filed Jul 29, 2026, compared with Jul 30, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
NVDAMSFTMUAVGOAAPLDELL
Nasdaq Technology · Software

Microsoft MSFT

MSFT quote by TradingView
Employees
223,000
Headquarters
Redmond, WA
CEO
Satya Nadella
Next results
around Jan 27, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $331.8B through the costs to a net profit of $133.7B · income statement of the 10-K

47% operating margin
Revenue to Gross profit: $225.5BRevenue to Cost of revenue: $106.4BGross profit to Operating profit: $155.2BGross profit to Operating expenses: $70.2BOperating profit to Net profit: $123.1BOperating profit to Tax: $32.2BOther income to Net profit: $10.7BOperating expenses to R&D: $35.6BOperating expenses to Sales, admin & other: $34.7B Revenue: $331.8B REVENUE $331.8B +18% Y/Y Gross profit: $225.5B · 68% margin GROSS PROFIT $225.5B 68% margin · +16% Y/Y Cost of revenue: $106.4B · 32% of revenue COST OF REVENUE $106.4B 32% of revenue Operating profit: $155.2B · 47% margin OPERATING PROFIT $155.2B 47% margin · +21% Y/Y Other income: $10.7B · 3% of revenue OTHER INCOME $10.7B 3% of revenue Operating expenses: $70.2B · 21% of revenue OPERATING EXPENSES $70.2B 21% of revenue Net profit: $133.7B · 40% margin NET PROFIT $133.7B 40% margin · +31% Y/Y Tax: $32.2B · 10% of revenue TAX $32.2B 10% of revenue R&D: $35.6B · 11% of revenue R&D $35.6B 11% of revenue Sales, admin & other: $34.7B · 10% of revenue SALES, ADMIN & OTHER $34.7B 10% of revenue
Gross profit $225.5B 68% margin · +16% Y/Y
Operating profit $155.2B 47% margin · +21% Y/Y
Net profit $133.7B 40% margin · +31% Y/Y
The full income statement, year by year

MSFT among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 17.8%, above 62% of 74 peers (their median 14.0%) REVENUE GROWTH 17.8% · above 62% Gross margin: 67.7%, above 64% of 67 peers (their median 56.4%) GROSS MARGIN 67.7% · above 64% Operating margin: 47.1%, above 91% of 70 peers (their median 22.2%) OPERATING MARGIN 47.1% · above 91% Net margin: 41.2%, above 89% of 74 peers (their median 18.9%) NET MARGIN 41.2% · above 89% FCF margin: 17.3%, above 34% of 70 peers (their median 23.7%) FCF MARGIN 17.3% · above 34% Return on capital: 24.7%, above 80% of 61 peers (their median 12.6%) RETURN ON CAPITAL 24.7% · above 80%
MSFT Peer median Below the median

What changed

18 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Jul 29, 2026 against Jul 30, 2025.

Risk factors
18 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Inventory growing faster than revenue
Inventory +48.9% vs revenue +17.8% (+31.1 pts)
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
5 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Inventory growing faster than revenue
    Inventory +48.9% vs revenue +17.8% (+31.1 pts)
  • Receivables +15.7% vs revenue +17.8% (-2.1 pts)
9 more checks with nothing to note
  • Cash from operations $182.9B vs net income $133.7B (FY ending Jun 30, 2026)
  • Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Revenue Recognition; Income Taxes - Uncertain Tax Positions
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

18 paragraphs in Risk Factors that were not in the 10-K filed Jul 30, 2025. Quoted as filed.

All 18 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Jul 30, 2025 10-K, ITEM 1A
    Our cloud and AI strategy requires substantial investments and depends on evolving customer demand, technological developments, competitive dynamics, and regulatory conditions, any of which could adversely affect our business, financial condition, and results of operations. We have made and are continuing to make significant capital and…
  2. Item 1A · new paragraph · not in the 10-K filed Jul 30, 2025 10-K, ITEM 1A
    Our cloud-based and AI products and services may be misused by customers, users, or malicious actors for unintended, fraudulent, abusive, or unlawful purposes. Our efforts to detect, prevent, and mitigate such misuse may not be successful, which could result in reputational harm, regulatory scrutiny, service disruptions, or adverse…
  3. Item 1A · new paragraph · not in the 10-K filed Jul 30, 2025 10-K, ITEM 1A
    The availability, reliability, and cost of electrical power are critical to the operation and expansion of our datacenters. In many regions, electricity generation, transmission, and distribution infrastructure is experiencing increasing demand and capacity constraints. Limitations in power availability, delays in obtaining power…
  4. Item 1A · new paragraph · not in the 10-K filed Jul 30, 2025 10-K, ITEM 1A
    We may experience outages, disruptions, or capacity constraints if we fail to maintain and operate adequate infrastructure or secure the resources necessary to support it. Maintaining, securing, and operating our infrastructure requires that we maintain an Internet connectivity infrastructure and storage and compute capacity that is…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$211.9B$245.1B$281.7B$331.8B
Net income$72.4B$88.1B$101.8B$133.7B
Operating cash flow$87.6B$118.5B$136.2B$182.9B
Free cash flow$59.5B$74.1B$71.6B$67.0B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$331.8B ▲ 17.8% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

5 filings in the last 30 days · SEC EDGAR

All filings

About the company

Microsoft, Redmond, WA · from the 10-K filed Jul 29, 2026

This report includes estimates, projections, statements relating to our business plans, objectives, and expected operating results that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may appear throughout this report, including the following sections: “Business” (Part I, Item 1 of this Form 10-K), “Risk Factors” (Part I, Item 1A of this Form 10-K), and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (Part II, Item 7 of this Form 10-K).

Headquarters
Redmond, WA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
June 30
Last results
Oct 28, 2026
Incorporated in
WA

Employees, at the top of the page: "As of June 30, 2026, we employed approximately 223,000 people on a full-time basis, 121,000 in the U" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Jul 29, 2026 (open at SEC), compared with the 10-K filed Jul 30, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/MSFT/export.csv") into a cell.