The earnings call was overwhelmingly positive, with significant growth and achievements across Microsoft's cloud, AI, and gaming sectors. Despite some challenges in the on-premises server business and hiring market, the company's overall performance and future outlook remain strong.

Company Guidance -

Q1 2026

During the Microsoft Fiscal Year 2025 Fourth Quarter Earnings Conference Call, various significant metrics and guidance were provided. Microsoft reported a record fiscal year with over $281 billion in revenue, up 15% year-over-year, and $128 billion in operating income, reflecting a 17% increase. Microsoft Cloud surpassed $168 billion in annual revenue, marking a 23% growth, with Azure contributing over $75 billion, up 34%. The company's commercial bookings exceeded $100 billion, increasing 37%, and commercial remaining performance obligation rose to $368 billion, up 37%. Microsoft Cloud revenue for the quarter was $46.7 billion, growing 27%, and the gross margin percentage was 68%. Overall, earnings per share was $3.65, an increase of 24%. These results were driven by strong execution in sales motions, product innovation, and expanding AI capabilities, positioning Microsoft for continued growth into FY '26 with expectations of double-digit revenue and operating income growth.

Microsoft Cloud Revenue Growth

Microsoft Cloud surpassed $168 billion in annual revenue, up 23% from the previous year.

Azure Revenue Surge

Azure surpassed $75 billion in annual revenue, marking a 34% increase year-over-year.

Microsoft 365 Copilot Expansion

Microsoft 365 Copilot has surpassed 100 million monthly active users, showing strong adoption and retention.

GitHub Copilot User Growth

GitHub Copilot enterprise customers increased 75% quarter-over-quarter, with 90% of the Fortune 100 using it.

Record Commercial Bookings

Commercial bookings surpassed $100 billion for the first time, increasing 37% year-over-year.

LinkedIn Membership Growth

LinkedIn reached 1.2 billion members, experiencing four consecutive years of double-digit member growth.

Xbox and Gaming Success

Gaming revenue increased 10%, with Xbox content and services revenue up 13% and Minecraft seeing record monthly active usage.

Strong Financial Performance

Total revenue for the year was over $281 billion, with operating income exceeding $128 billion, reflecting 15% and 17% growth respectively.

Microsoft (MSFT) Earnings, Revenues Date & History

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MSFT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2026 (Q1)	3.65 / -	3.3	―	―	―
Jul 30, 2025	2025 (Q4)	3.38 / 3.65	2.95	23.73% (+0.70)
Apr 30, 2025	2025 (Q3)	3.22 / 3.46	2.94	17.69% (+0.52)
Jan 29, 2025	2025 (Q2)	3.12 / 3.23	2.93	10.24% (+0.30)
Oct 30, 2024	2025 (Q1)	3.10 / 3.30	2.99	10.37% (+0.31)
Jul 30, 2024	2024 (Q4)	2.94 / 2.95	2.69	9.67% (+0.26)
Apr 25, 2024	2024 (Q3)	2.83 / 2.94	2.45	20.00% (+0.49)
Jan 30, 2024	2024 (Q2)	2.77 / 2.93	2.32	26.29% (+0.61)
Oct 24, 2023	2024 (Q1)	2.65 / 2.99	2.35	27.23% (+0.64)
Jul 25, 2023	2023 (Q4)	2.55 / 2.69	2.23	20.63% (+0.46)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MSFT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$513.24	$533.50	+3.95%
Apr 30, 2025	$394.54	$424.62	+7.62%
Jan 29, 2025	$440.64	$413.40	-6.18%
Oct 30, 2024	$430.01	$403.98	-6.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.