Microsoft (MSFT) Revenue — Quarter Ended Mar 31, 2026
Total revenue increased year over year and sequentially, driven by growth in service and other revenue. Product revenue declined slightly compared to both the prior quarter and the same quarter last year.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q3
Total revenue increased year over year and sequentially, driven by growth in service and other revenue. Product revenue declined slightly compared to both the prior quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$82.9B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
+18.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$318.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2025 | $76.4B | +18.1% |
| Sep 30, 2025 | $77.7B | +18.4% |
| Dec 31, 2025 | $81.3B | +16.7% |
| Mar 31, 2026 | $82.9B | +18.3% |
Revenue performance
Revenue rose compared to the immediately preceding quarter, continuing an upward trend from the trailing twelve months. The current quarter's revenue was higher than the same period one year earlier.
Quarterly comparison
Sequentially, total revenue grew modestly, while year-over-year growth was more pronounced. The underlying filing shows service and other revenue increased substantially year over year, partially offset by a small decline in product revenue.
What to watch
Monitor the trajectory of service and other revenue growth, which may drive future performance.