Microsoft annual gross margin
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Microsoft Gross Margin Growth & History (MSFT)
Microsoft's gross margin was 67.94% for fiscal 2026.
View full Microsoft company overviewMicrosoft annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-06-30 | 67.94% | −0.88 pp |
| 2025 | 2025-06-30 | 68.82% | −0.94 pp |
| 2024 | 2024-06-30 | 69.76% | +0.84 pp |
| 2023 | 2023-06-30 | 68.92% | +0.52 pp |
| 2022 | 2022-06-30 | 68.40% | −0.52 pp |
| 2021 | 2021-06-30 | 68.93% | +1.14 pp |
| 2020 | 2020-06-30 | 67.78% | +1.88 pp |
| 2019 | 2019-06-30 | 65.90% | +0.65 pp |
| 2018 | 2018-06-30 | 65.25% | +0.72 pp |
| 2017 | 2017-06-30 | 64.52% | +0.48 pp |
| 2016 | 2016-06-30 | 64.04% | −0.66 pp |
| 2015 | 2015-06-30 | 64.70% | −4.12 pp |
| 2014 | 2014-06-30 | 68.82% | −5.00 pp |
| 2013 | 2013-06-30 | 73.81% | −2.41 pp |
| 2012 | 2012-06-30 | 76.22% | −1.51 pp |
| 2011 | 2011-06-30 | 77.73% | −2.43 pp |
| 2010 | 2010-06-30 | 80.16% | +0.96 pp |
| 2009 | 2009-06-30 | 79.20% | −1.60 pp |
| 2008 | 2008-06-30 | 80.80% | — |
Microsoft quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-06-30 | 67.20% | −1.39 pp |
| Q3 2026 | 2026-03-31 | 67.63% | −1.08 pp |
| Q2 2026 | 2025-12-31 | 68.04% | −0.66 pp |
| Q1 2026 | 2025-09-30 | 69.05% | −0.31 pp |
| Q4 2025 | 2025-06-30 | 68.58% | −1.00 pp |
| Q3 2025 | 2025-03-31 | 68.72% | −1.37 pp |
| Q2 2025 | 2024-12-31 | 68.69% | +0.33 pp |
| Q1 2025 | 2024-09-30 | 69.35% | −1.80 pp |
| Q4 2024 | 2024-06-30 | 69.59% | −0.52 pp |
| Q3 2024 | 2024-03-31 | 70.08% | +0.60 pp |
| Q2 2024 | 2023-12-31 | 68.36% | +1.51 pp |
| Q1 2024 | 2023-09-30 | 71.16% | +1.98 pp |
| Q4 2023 | 2023-06-30 | 70.11% | +1.79 pp |
| Q3 2023 | 2023-03-31 | 69.49% | +1.12 pp |
| Q2 2023 | 2022-12-31 | 66.85% | −0.37 pp |
| Q1 2023 | 2022-09-30 | 69.17% | −0.72 pp |
| Q4 2022 | 2022-06-30 | 68.32% | −1.36 pp |
| Q3 2022 | 2022-03-31 | 68.37% | −0.36 pp |
| Q2 2022 | 2021-12-31 | 67.21% | +0.16 pp |
| Q1 2022 | 2021-09-30 | 69.89% | −0.50 pp |
| Q4 2021 | 2021-06-30 | 69.68% | +2.13 pp |
| Q3 2021 | 2021-03-31 | 68.72% | +0.06 pp |
| Q2 2021 | 2020-12-31 | 67.05% | +0.53 pp |
| Q1 2021 | 2020-09-30 | 70.39% | +1.87 pp |
| Q4 2020 | 2020-06-30 | 67.56% | −1.56 pp |
| Q3 2020 | 2020-03-31 | 68.66% | +1.93 pp |
| Q2 2020 | 2019-12-31 | 66.51% | +4.77 pp |
| Q1 2020 | 2019-09-30 | 68.52% | +2.58 pp |
| Q4 2019 | 2019-06-30 | 69.12% | +1.50 pp |
| Q3 2019 | 2019-03-31 | 66.73% | +1.29 pp |
| Q2 2019 | 2018-12-31 | 61.74% | +0.00 pp |
| Q1 2019 | 2018-09-30 | 65.94% | −0.32 pp |
| Q4 2018 | 2018-06-30 | 67.62% | +0.64 pp |
| Q3 2018 | 2018-03-31 | 65.44% | +0.16 pp |
| Q2 2018 | 2017-12-31 | 61.74% | +0.08 pp |
| Q1 2018 | 2017-09-30 | 66.26% | +2.04 pp |
| Q4 2017 | 2017-06-30 | 66.98% | −2.86 pp |
| Q3 2017 | 2017-03-31 | 65.28% | +2.89 pp |
| Q2 2017 | 2016-12-31 | 61.66% | +3.15 pp |
| Q1 2017 | 2016-09-30 | 64.23% | −0.41 pp |
| Q4 2016 | 2016-06-30 | 69.83% | +3.50 pp |
| Q3 2016 | 2016-03-31 | 62.39% | −4.66 pp |
| Q2 2016 | 2015-12-31 | 58.51% | −3.19 pp |
| Q1 2016 | 2015-09-30 | 64.64% | +0.29 pp |
| Q4 2015 | 2015-06-30 | 66.33% | −1.03 pp |
| Q3 2015 | 2015-03-31 | 67.04% | −3.66 pp |
| Q2 2015 | 2014-12-31 | 61.71% | −4.35 pp |
| Q1 2015 | 2014-09-30 | 64.34% | −7.89 pp |
| Q4 2014 | 2014-06-30 | 67.36% | −3.80 pp |
| Q3 2014 | 2014-03-31 | 70.70% | −5.94 pp |
| Q2 2014 | 2013-12-31 | 66.06% | −7.41 pp |
| Q1 2014 | 2013-09-30 | 72.23% | −1.73 pp |
| Q4 2013 | 2013-06-30 | 71.16% | −5.79 pp |
| Q3 2013 | 2013-03-31 | 76.64% | −0.66 pp |
| Q2 2013 | 2012-12-31 | 73.47% | +0.47 pp |
| Q1 2013 | 2012-09-30 | 73.96% | −4.30 pp |
| Q4 2012 | 2012-06-30 | 76.95% | — |
| Q3 2012 | 2012-03-31 | 77.30% | — |
| Q2 2012 | 2011-12-31 | 73.00% | — |
| Q1 2012 | 2011-09-30 | 78.26% | — |
Microsoft gross margin trends
Over the last five reported fiscal years, Microsoft's gross margin decreased from 68.93% to 67.94%, a change of −0.98 percentage points. The latest reported quarter, Q4 2026, shows 67.20%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Microsoft filings at SEC.gov ↗