Filing Flows › Microsoft (MSFT) › Operating margin
Microsoft (MSFT) operating margin by quarter
Microsoft's operating margin was 49.8% in Q1 FY27 (first quarter fiscal 2027), +4.6 pts from Q4 FY26. Over the last 7 quarters it ranged from 44.9% (Q4 FY25) to 49.8% (Q1 FY27).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 FY27 | 49.8% | +4.6 pts | +0.9 pts |
| Q4 FY26 | 45.1% | -1.2 pts | +0.2 pts |
| Q3 FY26 | 46.3% | -0.8 pts | +0.7 pts |
| Q2 FY26 | 47.1% | -1.8 pts | — |
| Q1 FY26 | 48.9% | +4.0 pts | — |
| Q4 FY25 | 44.9% | -0.8 pts | — |
| Q3 FY25 | 45.7% | — | — |
Q1 FY27 at a glance
Microsoft, Q1 FY27: revenue $92.3B (+19% year over year), operating margin 49.8%, net earnings $36.6B, operating cash flow $58.0B. The chart follows the revenue to costs, profit and cash.
Questions
What is Microsoft's operating margin?
Microsoft's operating margin was 49.8% in Q1 FY27 (first quarter fiscal 2027), +4.6 pts from Q4 FY26.
How has Microsoft's operating margin changed?
Over the last 7 quarters it ranged from 44.9% (Q4 FY25) to 49.8% (Q1 FY27).