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Amazon.com vs Microsoft: AMZN and MSFT compared
Amazon.com is the larger company: $201.9B of revenue in its latest quarter (Q3 2026) 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 13.9%.
Where the money goes: AMZN and MSFT
Amazon.com (AMZN) · Q3 2026
Amazon.com, Q3 2026: revenue $201.9B (+12% year over year), operating margin 13.9%, net earnings $20.7B, operating cash flow $42.4B. 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.
| Amazon.com (AMZN) | Microsoft (MSFT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $201.9B | $92.3B |
| Revenue growth, Y/Y | +12% | +19% |
| Gross margin | — | 67.8% |
| Operating margin | 13.9% | 49.8% |
| Net earnings | $20.7B | $36.6B |
| Net margin | 10.2% | 39.7% |
| Operating cash flow | $42.4B | $58.0B |
| Free cash flow | — | $18.6B |
| Market value | $2.83T | $3.95T |
| P/E | 21.0× | 27.7× |
| Analysts’ mean target | $326.99 | $634.14 |
Where the revenue comes from
Amazon.com
- Online stores: $68.5B (34%)
- Third-party seller services: $46.5B (23%)
- AWS: $46.0B (23%)
- Advertising services: $19.6B (10%)
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, Amazon.com or Microsoft?
Amazon.com is the larger company: $201.9B of revenue in its latest quarter (Q3 2026) against $92.3B for Microsoft (Q1 FY27).
Is Amazon.com or Microsoft growing faster?
Microsoft is growing faster (+19% against +12% a year earlier).
Which is more profitable, Amazon.com or Microsoft?
Microsoft is more profitable, with an operating margin of 49.8% against 13.9%.
More: Amazon.com earnings · how Amazon.com makes money · Microsoft earnings · how Microsoft makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.