Microsoft revenue rises 18% to $82.9 billion; EPS up 23% to $4.27 in March quarter
Microsoft reported results for the fiscal third quarter ended March 31, 2026, with revenue of $82.9 billion, up 18% from a year earlier, and net income of $31.8 billion, up 23% on a GAAP basis. The company also said it returned $10.2 billion to shareholders through dividends and share repurchases in the quarter. The filing does not include forward-looking guidance; Microsoft says it will provide guidance on its earnings call.
Key points
- Revenue was $82.9 billion, up 18% (15% in constant currency), compared with $70.1 billion a year earlier.
- Operating income was $38.4 billion, up 20%; GAAP diluted EPS was $4.27, up 23% from $3.46.
- Microsoft Cloud revenue was $54.5 billion, up 29%, and Azure and other cloud services revenue rose 40%.
- Shareholders received $10.2 billion through dividends and share repurchases; guidance will be given on the April 29, 2026 earnings call.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.