Microsoft Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Microsoft Corporation (MSFT). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | Q3 2025 | Q3 2026 |
|---|---|---|
| Agents and Infra | $61.67B 79.4% | $76.80B 83.2% |
| Devices and Consumer | $16.00B 20.6% | $15.48B 16.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | Q3 2025 | Q3 2026 |
|---|---|---|
| Agents and Infra | $32.72B 53.1% | $40.56B 52.8% |
| Devices and Consumer | $5.24B 32.8% | $5.36B 34.6% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | Q3 2025 | Q3 2026 |
|---|---|---|
| United States | $40.08B 51.6% | $49.46B 53.6% |
| Other Countries | $37.60B 48.4% | $42.82B 46.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Remaining performance obligations
Remaining performance obligations are the part of the business already sold but not yet delivered and therefore not yet booked as revenue. In subscription and project businesses it points the way earlier than revenue does.
| As of | Remaining performance obligations |
|---|---|
| Q3 2026 | $683.00B |
| Q2 2026 | $684.00B |
| Q1 2026 | $633.00B |
| Q4 2025 | $631.00B |
| Q3 2025 | $398.00B |
| Q2 2025 | $375.00B |
| Q1 2025 | $321.00B |
| Q4 2024 | $304.00B |
Operating metrics
Operating metrics are the figures a company uses to measure its own business — customer counts, stores, deliveries or the churn rate. None of them appear in the financial statements, and they often explain earlier than revenue does why revenue is moving.
| Metric | Q1 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q3 2026 |
|---|---|---|---|---|---|
| Commercial remaining performance obligation | – | $392.00B | $625.00B | $627.00B | $677.00B +72.7% |
| Microsoft 365 consumer subscriber growth | 9.0% | 7.0% | 6.0% | 7.0% -22.2% | 7.0% +0.0% |
| Microsoft 365 commercial seat growth | 7.0% | 6.0% | 6.0% | 6.0% -14.3% | 5.0% -16.7% |
These metrics are not part of the financial statements; they sit in the narrative text of the filings. We read them out of the SEC filings using artificial intelligence and check every single figure against the original passage in the report; anything that is not found there verbatim is discarded. Source: SEC EDGAR (annual and quarterly reports, 10-K/10-Q).
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: November 5, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.