Credit and interest ratesmixed · 5 filings
“Interest expense increased primarily due to higher finance lease interest expense, offset in part by higher capitalization of debt interest expense.”10-K · Jul 29, 2026 ↗
Microsoft Corporation
MSFT
Market read
Microsoft Corporation's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 26 directly disclosed connections are confirming.
Company+0.6% todayVolume comparison unavailable
Market group0 of 12 activeMixed Technology and Finance · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Monitor R&D expense changes tied to investments in compute capacity, AI talent, and data supporting product development.
Invalidation: The isolated read changes if MSFT's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 12 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 26 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Monitor R&D expense changes tied to investments in compute capacity, AI talent, and data supporting product development.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements248
Verified relationships9
Evidence supporting the case
- Latest annual revenue changed +17.8% year over year.
- Operating margin changed +1.2 percentage points in the latest annual period.
- Net margin changed +4.2 percentage points in the latest annual period.
- Operating cash flow covered net income at 1.37x in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Product pipeline and R&D has repeated favorable evidence across 5 filings.
- Restructuring and cost reductions has repeated favorable evidence across 5 filings.
Evidence challenging the case
- Tariffs and trade policy has repeated adverse evidence across 5 filings.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
495.586m+23.3%12m-1.0%24m+23.3%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-06-30$198.3B+18.0%$9.65-0.9%
2023-06-30$211.9B+6.9%$9.68-0.9%
2024-06-30$245.1B+15.7%$11.80-0.0%
2025-06-30$281.7B+14.9%$13.64-0.1%
2026-06-30$331.8B+17.8%$17.95-0.2%
What management says matters
Persistent and emerging business drivers
Demand and volumepositive · 5 filings
“Cost of revenue increased $17.7 billion or 44% driven by investments in AI infrastructure to support growing customer demand.”10-K · Jul 29, 2026 ↗
Legal and regulatory exposurenegative · 5 filings
“Non-compliance with sanctions as well as general ecosystem disruptions could result in reputational harm, operational delays, monetary fines, loss of revenue, increased costs, loss of export privileges, or criminal sanctions, which could adversely affect our…”10-K · Jul 29, 2026 ↗
Product pipeline and R&Dpositive · 5 filings
“Fiscal Year 2026 Compared with Fiscal Year 2025 Research and development expenses increased $3.1 billion or 9% driven by continued investments in compute capacity, AI talent, and data to support product development that benefits the entire portfolio, as well…”10-K · Jul 29, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
495.58+0.6% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for MSFT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for MSFT. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind MSFT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CISOFiling-linked namepartnerJul 30, 2025 ▾
“Presentations to the Board of Directors are made by senior management, including our Chief Information Security Officer (“CISO”), our EVP of Microsoft Security, our EVP of Cloud + AI, and the head of our Customer Security and Trust organization.”
Depended on by
CRWV67.0% of CRWVcustomerMay 8, 2026 ▾
“We recognized an aggregate of approximately 67% and 65% of our revenue for the three months ended September 30, 2025 and 2024, from our largest customer, Microsoft.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 24 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
MSFT is currently a Participant in the organic co-movement group Mixed Technology and Finance. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for MSFT; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.