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Apple vs Microsoft: AAPL and MSFT compared
Apple is the larger company: $114.5B of revenue in its latest quarter (Q4 FY26) against $92.3B for Microsoft (Q1 FY27). Microsoft is growing faster (+19% against +12% a year earlier). Microsoft is more profitable, with an operating margin of 49.8% against 31.1%.
Where the money goes: AAPL and MSFT
Apple (AAPL) · Q4 FY26
Apple, Q4 FY26: revenue $114.5B (+12% year over year), operating margin 31.1%, net earnings $30.7B, operating cash flow $28.1B. The chart follows the revenue to costs, profit and cash.
Microsoft (MSFT) · Q1 FY27
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.
| Apple (AAPL) | Microsoft (MSFT) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q1 FY27 |
| Revenue | $114.5B | $92.3B |
| Revenue growth, Y/Y | +12% | +19% |
| Gross margin | 47.9% | 67.8% |
| Operating margin | 31.1% | 49.8% |
| Net earnings | $30.7B | $36.6B |
| Net margin | 26.8% | 39.7% |
| Operating cash flow | $28.1B | $58.0B |
| Free cash flow | $25.9B | $18.6B |
| Market value | $5.04T | $3.95T |
| P/E | 38.1× | 27.7× |
| Analysts’ mean target | $339.04 | $634.14 |
Where the revenue comes from
Apple
- Products: $82.9B (72%)
- Services: $31.6B (28%)
Microsoft
- Azure: $33.2B (36%)
- Microsoft 365 Cloud: $27.8B (30%)
- Productivity and Server Licensing: $8.4B (9%)
- Search and Advertising: $6.6B (7%)
Questions
Which is bigger, Apple or Microsoft?
Apple is the larger company: $114.5B of revenue in its latest quarter (Q4 FY26) against $92.3B for Microsoft (Q1 FY27).
Is Apple or Microsoft growing faster?
Microsoft is growing faster (+19% against +12% a year earlier).
Which is more profitable, Apple or Microsoft?
Microsoft is more profitable, with an operating margin of 49.8% against 31.1%.
More: Apple earnings · how Apple makes money · Microsoft earnings · how Microsoft makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Nov 3, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.