Microsoft (MSFT) Stock Price vs Net Income
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Microsoft's net income for Q3 2026 (ended March 31, 2026) reached $31.8 billion, up 23.1% from $25.8 billion in Q3 2025. Over the same one-year period, the stock price declined 1.4%, from $375.39 to $370.17. This combination represents valuation compression, meaning the stock's price-to-earnings multiple contracted despite growing profitability. Across the broader June 2024 to June 2026 window, net income grew from $21.9 billion to $31.8 billion while the stock price moved from $413.52 to $446.01, a modest gain that lagged earnings growth.
Trailing-12-month Net Income was $56.0B as of 2021-03-31, +21% year over year. The stock moved +49% over the same window ($157.71 -> $235.77). The stock is now more richly valued relative to Net Income than a year ago (multiple expansion).
Latest close: 444.23 USD (2026-06-02).
Net Income | recent SEC reports
| Report date | Net Income | Period |
|---|
| 2021-03-31 | 56.0B USD | Q3 10-Q |
| 2020-12-31 | 51.3B USD | Q2 10-Q |
| 2020-09-30 | 47.5B USD | Q1 10-Q |
| 2020-06-30 | 44.3B USD | FY 10-K |
| 2020-03-31 | 46.3B USD | Q3 10-Q |
| 2019-12-31 | 44.3B USD | Q2 10-Q |
| 2019-09-30 | 41.1B USD | Q1 10-Q |
| 2019-06-30 | 39.2B USD | FY 10-K |
Sources: autario.com/data/stock-msft-microsoft-daily-prices · autario.com/data/microsoft-net-income-sec-filings | data verified and hosted on autario.com.