MSFT 2025 Q4 Earnings

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MSFT 2025 Q4 Earnings

Earnings per share (EPS): $3.65 vs. $3.37 expected $27.23 billion from $22.04 billion a year ago.

Revenue: $76.44 billion vs. $73.81 billion expected 18% y/y from $64.7

Intelligent Cloud unit revenue: $29.88 billion vs $28.92 billion expected, up about 26% y/y
Azure business In fiscal 2025, revenue from Azure and other cloud services exceeded $75 billion, up 34% y/y
Azure grew 39% vs 34.4% StreetAccount and 35.3% CNBC, expected respectively.

Productivity and Business Processes segment, which is home to Office productivity software and LinkedIn, $33.11 billion in revenue vs $32.12 billion consensus

Copilot products, including the Microsoft 365 Copilot for commercial customers and the Copilot consumer assistant in Windows, have 100 million monthly active users, C

Personal Computing unit, which encompasses Windows, search advertising, devices and video games, totaled $13.45 billion, up 9% vs $12.68 billion consensus.

Sales of devices and of Windows operating licenses to device makers increased 3%. Gartner estimated that PC shipments went up 4.4% in the quarter.

Capital expenditures:
Microsoft had $24.2 billion in capital expenditures and assets acquired through finance leases for the quarter, up 27% from a year earlier.
Microsoft had $1.71 billion in other expense during the quarter. That includes recognized losses on equity method investments such as OpenAI. Other expense in the prior quarter totaled $623 million.

2026 Q1 Earnings Forecast
Revenue: $74.7 billion to $75.8 billion, the middle: 75.25 billion vs $74.09 billion expected
Azure Growth: 37% vs 33.7% consensus
implied operating margin of 46.6% is wider than the 45.7% consensus
Capital expenditures: $30 billion vs $24.23 billion expected 50% y/y
2026 fiscal year, the total would be over $120 billion, indicating 36% growth, compared with Visible Alpha’s $100.50 billion consensus.