Microsoft Corporation (MSFT): operating margin, 10 filed years
Operating margin at Microsoft Corporation was 46.8% in FY2026, the newest filed year. Across the 10 computed years from FY2017 it ranged from 31.8% (FY2018) to 46.8% (FY2026), with a median of 41.7%.
Tonight's figure on the company page: 46.8%, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.
Year by year
| Fiscal year | Operating margin | Read from |
|---|---|---|
| FY2017 | 32.3% | 10-K, filed 2017-08-02 |
| FY2018 | 31.8% | 10-K, filed 2018-08-03 |
| FY2019 | 34.1% | 10-K, filed 2019-08-01 |
| FY2020 | 37.0% | 10-K, filed 2020-07-30 |
| FY2021 | 41.6% | 10-K, filed 2021-07-29 |
| FY2022 | 42.1% | 10-K, filed 2022-07-28 |
| FY2023 | 41.8% | 10-K, filed 2023-07-27 |
| FY2024 | 44.6% | 10-K, filed 2024-07-30 |
| FY2025 | 45.6% | 10-K, filed 2025-07-30 |
| FY2026 | 46.8% | 10-K, filed 2026-07-29 |
How each year is computed
Operating income / revenue x 100
Each year is a ratio of lines in that year's filed annual report, with the nightly recompute's own rules for what counts as a filed line. Nothing is estimated, smoothed or filled in: a year that cannot be computed says why.
Read further
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.