Microsoft Corporation(MSFT)
Software - Infrastructure · Redmond, WA
$499.59-5.82 (-1.15%)
Delayed quote: Sep 15, 2026, 10:15 AM EDT
Software - Infrastructure · Redmond, WA
Delayed quote: Sep 15, 2026, 10:15 AM EDT
Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 46.78% is in line with its 5-year average of 44.36%, near the high end of its 5-year range (38.67%–48.87%).
0.69% above its 12-month average of 46.46%.
Reported quarterly operating margin; no daily interpolation. Q4 FY2026 (2026-06-30): 45.11%.
OPERATING MARGIN
46.78%
OPERATING MARGIN AVG TTM
46.46%
OPERATING MARGIN AVG 3Y
45.55%
OPERATING MARGIN AVG 5Y
44.36%
OPERATING MARGIN AVG 10Y
39.57%
OPERATING MARGIN AVG 15Y
36.94%
OPERATING MARGIN AVG 20Y
36.92%
CURRENT VS TTM AVG
+0.69%
CURRENT VS 3Y AVG
+2.71%
CURRENT VS 5Y AVG
+5.46%
CURRENT VS 10Y AVG
+18.22%
CURRENT VS 15Y AVG
+26.62%
CURRENT VS 20Y AVG
+26.72%
SECTOR MEDIAN · TECHNOLOGY
14.00%
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
+234.14%
vs the sector median at left
Microsoft Corporation
Market Cap
$3.71T
Operating Margin
46.78%
TTM Avg
46.46%
3Y Avg
45.55%
5Y Avg
44.36%
Market Cap
$4.17T
Operating Margin
33.15%
TTM Avg
32.09%
3Y Avg
29.51%
5Y Avg
28.53%
Market Cap
$2.69T
Operating Margin
12.08%
TTM Avg
10.96%
3Y Avg
7.67%
5Y Avg
6.99%
Market Cap
$407.33B
Operating Margin
32.36%
TTM Avg
30.83%
3Y Avg
29.21%
5Y Avg
30.03%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Microsoft Corporation (MSFT) | $3.71T | 46.78% | 46.46% | 45.55% | 44.36% |
| Apple Inc. (AAPL)vs › | $4.84T | 33.17% | 31.74% | 31.10% | 30.67% |
| Alphabet Inc. (GOOGL)vs › | $4.17T | 33.15% | 32.09% | 29.51% | 28.53% |
| Amazon.com, Inc. (AMZN)vs › | $2.69T | 12.08% | 10.96% | 7.67% | 6.99% |
| Oracle Corporation (ORCL)vs › | $407.33B | 32.36% | 30.83% | 29.21% | 30.03% |
| Salesforce, Inc. (CRM)vs › | $210.17B | 21.39% | 20.24% | 14.54% | 10.39% |
Gross Margin
67.9%
Operating Margin
46.8%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 45.11% |
| 2026-03-31 | 46.33% |
| 2025-12-31 | 47.09% |
| 2025-09-30 | 48.87% |
| 2025-06-30 | 44.90% |
| 2025-03-31 | 45.67% |
| 2024-12-31 | 45.46% |
| 2024-09-30 | 46.58% |
| 2024-06-30 | 43.14% |
| 2024-03-31 | 44.59% |
| 2023-12-31 | 43.59% |
| 2023-09-30 | 47.59% |
| 2023-06-30 | 43.17% |
| 2023-03-31 | 42.29% |
| 2022-12-31 | 38.67% |
| 2022-09-30 | 42.93% |
| 2022-06-30 | 39.59% |
| 2022-03-31 | 41.26% |
| 2021-12-31 | 43.01% |
| 2021-09-30 | 44.66% |
| 2021-06-30 | 41.37% |
| 2021-03-31 | 40.88% |
| 2020-12-31 | 41.55% |
| 2020-09-30 | 42.73% |
| 2020-06-30 | 35.25% |
| 2020-03-31 | 37.05% |
| 2019-12-31 | 37.64% |
| 2019-09-30 | 38.38% |
| 2019-06-30 | 36.79% |
| 2019-03-31 | 33.83% |
| 2018-12-31 | 31.59% |
| 2018-09-30 | 34.23% |
| 2018-06-30 | 34.50% |
| 2018-03-31 | 30.92% |
| 2017-12-31 | 30.01% |
| 2017-09-30 | 31.41% |
| 2017-06-30 | 30.00% |
| 2017-03-31 | 28.96% |
| 2016-12-31 | 30.61% |
| 2016-09-30 | 30.62% |
| 2016-06-30 | 14.94% |
| 2016-03-31 | 25.73% |
| 2015-12-31 | 25.32% |
| 2015-09-30 | 28.43% |
| 2015-06-30 | -9.26% |
| 2015-03-31 | 30.35% |
| 2014-12-31 | 29.38% |
| 2014-09-30 | 25.19% |
| 2014-06-30 | 27.72% |
| 2014-03-31 | 34.18% |
| 2013-12-31 | 32.50% |
| 2013-09-30 | 34.18% |
| 2013-06-30 | 30.52% |
| 2013-03-31 | 37.15% |
| 2012-12-31 | 36.22% |
| 2012-09-30 | 33.16% |
| 2012-06-30 | 1.06% |
| 2012-03-31 | 36.62% |
| 2011-12-31 | 38.28% |
| 2011-09-30 | 41.46% |
| 2011-06-30 | 35.53% |
| 2011-03-31 | 34.75% |
| 2010-12-31 | 40.92% |
| 2010-09-30 | 43.94% |
| 2010-06-30 | 36.97% |
| 2010-03-31 | 35.67% |
| 2009-12-31 | 44.75% |
| 2009-09-30 | 34.69% |
| 2009-06-30 | 30.44% |
| 2009-03-31 | 32.52% |
| 2008-12-31 | 35.71% |
| 2008-09-30 | 39.83% |
| 2008-06-30 | 35.89% |
| 2008-03-31 | 30.50% |
| 2007-12-31 | 39.60% |
| 2007-09-30 | 43.00% |
| 2007-06-30 | 29.83% |
| 2007-03-31 | 45.76% |
| 2006-12-31 | 27.68% |
| 2006-09-30 | 41.38% |
| 2006-06-30 | 32.88% |
| 2006-03-31 | 35.67% |
| 2005-12-31 | 39.34% |
| 2005-09-30 | 41.54% |
| 2005-06-30 | 29.42% |
| 2005-03-31 | 34.60% |
| 2004-12-31 | 43.90% |
| 2004-09-30 | 38.02% |
| 2004-06-30 | 33.72% |
| 2004-03-31 | 13.93% |
| 2003-12-31 | 14.53% |
| 2003-09-30 | 38.32% |
| 2003-06-30 | 27.19% |
| 2003-03-31 | 35.02% |
| 2002-12-31 | 26.14% |
| 2002-09-30 | 39.09% |