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Microsoft MSFT More Personal Computing — Operating Income

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Other financials

Income statement

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Revenue$82.9B+18.3%
Gross profit$56.1B+16.4%
Operating income$38.4B+20.0%
Net income$31.8B+23.1%
EPS (diluted)$4.27+23.4%

Balance sheet

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Cash & equivalents$32.1B+11.4%
Total debt$125.43B+19.4%
Total equity$414.37B+28.7%
Total assets$694.23B+23.4%

Cash flow

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Operating cash flow$46.7B+26.0%
CapEx$30.9B+84.4%
Free cash flow$15.8B-22.1%

Valuation

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Market cap$2.62T-26.1%
Enterprise value$2.71T-25.1%
P/E20.9×-15.8×
P/S8.2×-4.9×

Profitability

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Gross margin68.3%-0.8pp
Operating margin46.8%+1.6pp
Net margin39.3%+3.6pp
FCF margin22.9%-2.8pp

Returns & leverage

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Return on equity34%+0.4pp
Debt / equity0.3×0.0×
Current ratio1.3×-0.1×

Where this comes from

Reported directly by Microsoft in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Microsoft’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Microsoft's more personal computing — operating income?
Microsoft (MSFT) reported more personal computing — operating income of $3.67B in Q1 2026.
How has Microsoft's more personal computing — operating income changed year-over-year?
Microsoft's more personal computing — operating income increased by 4.1% year-over-year, from $3.53B to $3.67B.
What is the long-term trend for Microsoft's more personal computing — operating income?
Over 3 years (2021 to 2025), Microsoft's more personal computing — operating income has grown at a -9.5% compound annual growth rate (CAGR), from $19.09B to $14.17B.
What does more personal computing — operating income mean?
This metric represents the operating profit or loss generated by Microsoft's More Personal Computing segment, calculated by subtracting segment-specific cost of goods sold and operating expenses from its total revenue. The segment encompasses a diverse portfolio including Windows licensing, Xbox hardware and content, Surface devices, and search and news advertising. It measures the core operational efficiency and profitability of the company's consumer-facing and hardware-centric business units after accounting for direct and indirect production and administrative costs.