MSFTMicrosoft

Technology · Software · Nasdaq

Employees: 223,000
Headquarters: Redmond, WA
CEO: Satya Nadella
Next results: around Jan 27, 2027

RevenueFY2017–26 $331.8B+17.8% Highest in 10 years 10-K FY2026 · XBRL Net incomeFY2017–26 $133.7B+31.3% Highest in 10 years 10-K FY2026 · XBRL Free cash flowFY2017–26 $67.0B−6.5% FY2025: $71.6B 10-K FY2026 · XBRL Operating marginFY2017–26 46.8%+1.2 pts 30.1% in FY2017 10-K FY2026 · XBRL

What changed

10-K filed Jul 29, 2026 against Jul 30, 2025

Area	What changed	Source
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.

What's new, in their words

10-K filed Jul 29, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-07-30. Quoted as filed.

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…
10-K, Item 1A

All 18 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Inventory growing faster than revenueInventory +48.9% vs revenue +17.8% (+31.1 pts)
✓
Receivables +15.7% vs revenue +17.8% (-2.1 pts)
✓
Cash from operations $182.9B vs net income $133.7B (FY ending 2026-06-30)
✓
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

How each check works, with sources →

In the last 30 days

All filings →

Nov 5, 20268-K Director or officer change 8-K item 5.02
Nov 4, 20268-K Other events 8-K item 8.01
Oct 28, 20268-K Quarterly results 8-K item 2.02
Oct 28, 20268-K Other events 8-K item 8.01
Oct 28, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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Work on MSFT in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MSFT/export.csv") into a cell.