Microsoft said revenue for the 3 months ended September 30, 2025 increased $12.1 billion or 18% compared with the prior year period, and operating income increased $7.4 billion or 24%. It said growth was achieved across all segments.

1. 01

   Microsoft said revenue for the 3 months ended September 30, 2025 increased $12.1 billion or 18% compared with the prior year period, and operating income increased $7.4 billion or 24%. It said growth was achieved across all segments.

2. 02

   Microsoft said Azure and other cloud services revenue grew 40%. Microsoft Cloud gross margin percentage decreased to 68%, and the company cited scaling AI infrastructure and growing usage of AI product features as factors.

3. 03

   Microsoft said net losses from investments in OpenAI in the current period decreased net income by $3.1 billion and diluted earnings per share by $0.41. In the prior year period, the decreases were $523 million and $0.07, respectively.

4. 04

   Microsoft said cash from operations for the 3 months increased $10.9 billion to $45.1 billion. During the same period, the company repurchased 8 million shares for $4.0 billion and declared dividends of $6.8 billion.

Key figures

Quarter ended September 30, 2025

Revenue

$77.7B

Operating income

$38.0B

Net income

$27.7B

EPS

$3.72

Gross profit

$53.6B

Operating cash flow

$45.1B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.