This brief reports what Microsoft's 8-K earnings release, filed 2026-07-29, states, and nothing else. Every item below is a sentence the filing contains, quoted exactly and verified character-for-character against the document fetched from EDGAR. No inference is drawn and no claim is made about what any figure means.
The figures
| Metric | Value | Period |
|---|---|---|
| Microsoft Cloud revenue | 27% | Three Months Ended June 30, 2026 |
| Commercial remaining performance obligation | 84% | Three Months Ended June 30, 2026 |
| Microsoft 365 Commercial cloud revenue | 14% | Three Months Ended June 30, 2026 |
| Microsoft 365 Consumer cloud revenue | 22% | Three Months Ended June 30, 2026 |
| LinkedIn revenue | 10% | Three Months Ended June 30, 2026 |
| Dynamics 365 revenue | 12% | Three Months Ended June 30, 2026 |
| Azure and other cloud services revenue | 43% | Three Months Ended June 30, 2026 |
| Windows OEM and Devices revenue | (7)% | Three Months Ended June 30, 2026 |
| XBOX content and services revenue | (10)% | Three Months Ended June 30, 2026 |
| Search advertising revenue excluding traffic acquisition costs | 9% | Three Months Ended June 30, 2026 |
| Revenue | 18% | quarter ended June 30, 2026 |
| Operating income | 18% | quarter ended June 30, 2026 |
| Net income | 31% | quarter ended June 30, 2026 |
| Net income | 22% | quarter ended June 30, 2026 |
| Diluted earnings per share | 32% | quarter ended June 30, 2026 |
| Diluted earnings per share | 23% | quarter ended June 30, 2026 |
| Azure and other cloud services revenue | 43% | quarter ended June 30, 2026 |
| Microsoft Cloud revenue | 27% | quarter ended June 30, 2026 |
| Revenue in Productivity and Business Processes | 14% | quarter ended June 30, 2026 |
| Microsoft 365 Commercial cloud revenue | 16% | quarter ended June 30, 2026 |
| Microsoft 365 Commercial cloud revenue | 14% | quarter ended June 30, 2026 |
| Microsoft 365 Consumer cloud revenue | 24% | quarter ended June 30, 2026 |
| LinkedIn revenue | 12% | quarter ended June 30, 2026 |
| Dynamics 365 revenue | 13% | quarter ended June 30, 2026 |
| Revenue in Intelligent Cloud | 32% | quarter ended June 30, 2026 |
| Revenue in More Personal Computing | 4% | quarter ended June 30, 2026 |
| Windows OEM and Devices revenue | 7% | quarter ended June 30, 2026 |
| XBOX content and services revenue | 10% | quarter ended June 30, 2026 |
| Search advertising revenue excluding traffic acquisition costs | 10% | quarter ended June 30, 2026 |
| Revenue | 18% | fiscal year ended June 30, 2026 |
| Operating income | 21% | fiscal year ended June 30, 2026 |
| Commercial remaining performance obligation | 84% | — |
| Revenue in Productivity and Business Processes | 14% | — |
| Microsoft 365 Commercial cloud revenue | 16% | — |
| Microsoft 365 Commercial cloud revenue | 14% | — |
| Microsoft 365 Consumer cloud revenue | 24% | — |
| LinkedIn revenue | 12% | — |
| Dynamics 365 revenue | 13% | — |
| Revenue in Intelligent Cloud | 32% | — |
| Azure and other cloud services revenue | 43% | — |
| Revenue in More Personal Computing | 4% | — |
| Windows OEM and Devices revenue | 7% | — |
| XBOX content and services revenue | 10% | — |
| Search advertising revenue excluding traffic acquisition costs | 10% | — |
| Microsoft | $10.2 billion | fourth quarter of fiscal year 2026 |
| Revenue | 18% | fiscal year ended June 30, 2026 |
| Operating income | 21% | fiscal year ended June 30, 2026 |
| Net income | 31% | fiscal year ended June 30, 2026 |
| Net income | 22% | fiscal year ended June 30, 2026 |
| Net income | 20% | fiscal year ended June 30, 2026 |
| Diluted earnings per share | 32% | fiscal year ended June 30, 2026 |
| Diluted earnings per share | 22% | fiscal year ended June 30, 2026 |
| Diluted earnings per share | 21% | fiscal year ended June 30, 2026 |
| Net income and diluted earnings per share | $4,963 million | full fiscal year |
| Net income and diluted earnings per share | $3,620 million | full fiscal year |
Every figure above is quoted from the filing; the sentence it was read from appears under its beat below.
The evidence, by beat
ARR / NRR / NDR growth or dilution
Microsoft Cloud revenue 27% 0% 27%
Scope: Constant Currency.
Commercial remaining performance obligation 84% 0% 84%
Scope: Constant Currency.
Microsoft 365 Commercial cloud revenue 14% 0% 14%
Scope: Constant Currency.
Microsoft 365 Consumer cloud revenue 24% (2)% 22%
Scope: Constant Currency.
LinkedIn revenue 12% (2)% 10%
Scope: Constant Currency.
Dynamics 365 revenue 13% (1)% 12%
Scope: Constant Currency.
Azure and other cloud services revenue 43% 0% 43%
Scope: Constant Currency.
Windows OEM and Devices revenue (7)% 0% (7)%
Scope: Constant Currency.
XBOX content and services revenue (10)% 0% (10)%
Scope: Constant Currency.
Search advertising revenue excluding traffic acquisition costs 10% (1)% 9%
Scope: Constant Currency.
competitive displacement / win-loss / platform consolidation
The filing names this beat, but no statement in it verified as a verbatim quote, so none is reported here.
AI product monetisation / attach
Revenue was $90.0 billion and increased 18% (up 17% in constant currency)
Operating income was $40.6 billion and increased 18%
Net income was $35.8 billion and increased 31% on a GAAP basis, and was $35.3 billion and increased 22% on a non-GAAP basis
Net income was $35.8 billion and increased 31% on a GAAP basis, and was $35.3 billion and increased 22% on a non-GAAP basis
Diluted earnings per share was $4.81 and increased 32% on a GAAP basis, and was $4.74 and increased 23% on a non-GAAP basis
Diluted earnings per share was $4.81 and increased 32% on a GAAP basis, and was $4.74 and increased 23% on a non-GAAP basis
Azure and other cloud services revenue increased 43%
Microsoft Cloud revenue was $59.3 billion and increased 27%
Revenue in Productivity and Business Processes was $37.8 billion and increased 14%
Microsoft 365 Commercial cloud revenue increased 16% when adjusted for the prior year comparable that benefited from 2 points of in-period revenue recognition. On a reported basis, Microsoft 365 Commercial cloud revenue increased 14%.
On a reported basis, Microsoft 365 Commercial cloud revenue increased 14%.
Microsoft 365 Consumer cloud revenue increased 24% (up 22% in constant currency)
LinkedIn revenue increased 12% (up 10% in constant currency)
Dynamics 365 revenue increased 13% (up 12% in constant currency)
Revenue in Intelligent Cloud was $39.3 billion and increased 32% (up 31% in constant currency)
Revenue in More Personal Computing was $12.9 billion and decreased 4% (down 5% in constant currency)
Windows OEM and Devices revenue decreased 7%
XBOX content and services revenue decreased 10%
Search advertising revenue excluding traffic acquisition costs increased 10% (up 9% in constant currency)
Revenue was $331.8 billion and increased 18% (up 16% in constant currency)
Operating income was $155.2 billion and increased 21%
guidance raised/cut, outlook change
mmercial remaining performance obligation increased 84% to $678 billion.
Revenue in Productivity and Business Processes was $37.8 billion and increased 14%, with the following business highlights:
Microsoft 365 Commercial cloud revenue increased 16% when adjusted for the prior year comparable that benefited from 2 points of in-period revenue recognition.
On a reported basis, Microsoft 365 Commercial cloud revenue increased 14%.
Microsoft 365 Consumer cloud revenue increased 24% (up 22% in constant currency)
LinkedIn revenue increased 12% (up 10% in constant currency)
Dynamics 365 revenue increased 13% (up 12% in constant currency)
Revenue in Intelligent Cloud was $39.3 billion and increased 32% (up 31% in constant currency), with the following business highlights:
Azure and other cloud services revenue increased 43%
Revenue in More Personal Computing was $12.9 billion and decreased 4% (down 5% in constant currency), with the following business highlights:
Windows OEM and Devices revenue decreased 7%
XBOX content and services revenue decreased 10%
Search advertising revenue excluding traffic acquisition costs increased 10% (up 9% in constant currency)
Microsoft returned $10.2 billion to shareholders in the form of dividends and share repurchases in the fourth quarter of fiscal year 2026.
Revenue was $331.8 billion and increased 18% (up 16% in constant currency)
Operating income was $155.2 billion and increased 21% (up 19% in constant currency)
Net income was $133.7 billion and increased 31% on a GAAP basis, and increased 22% (up 20% in constant currency) on a non-GAAP basis
Net income was $133.7 billion and increased 31% on a GAAP basis, and increased 22% (up 20% in constant currency) on a non-GAAP basis
Net income was $133.7 billion and increased 31% on a GAAP basis, and increased 22% (up 20% in constant currency) on a non-GAAP basis
Scope: in constant currency on a non-GAAP basis.
Diluted earnings per share was $17.95 and increased 32% on a GAAP basis, and increased 22% (up 21% in constant currency) on a non-GAAP basis
Diluted earnings per share was $17.95 and increased 32% on a GAAP basis, and increased 22% (up 21% in constant currency) on a non-GAAP basis
Diluted earnings per share was $17.95 and increased 32% on a GAAP basis, and increased 22% (up 21% in constant currency) on a non-GAAP basis
Scope: in constant currency on a non-GAAP basis.
In fiscal year 2026, net income and diluted earnings per share were impacted by net gains from investments in OpenAI, which resulted in an increase in net income and diluted earnings per share of $480 million and $0.07, respectively, in the fourth quarter, and $4,963 million and $0.67, respectively, for the full fiscal year.
In fiscal year 2025, net income and diluted earnings per share were impacted by net losses from investments in OpenAI, which resulted in a decrease in net income and diluted earnings per share of $1,575 million and $0.21, respectively, in the fourth quarter, and $3,620 million and $0.49, respectively, for the full fiscal year.
cost action / restructuring / headcount
The filing names this beat, but no statement in it verified as a verbatim quote, so none is reported here.
Verification ledger
- 56 statements proposed by the extractor
- 55 verified verbatim against the fetched filing (98%)
- 1 discarded — not quotable character-for-character
The verbatim check contains no model: the extractor proposes a statement, and a deterministic substring match against the fetched text decides whether it is admissible. A proposal that does not verify is dropped.
This brief publishes no inference and no synthesis. The publication's inference layer must clear a measured second-lab confirmation threshold before it may appear; it has not, so it is absent by rule rather than by omission.