NASDAQ$MSFT

Microsoft · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Microsoft's Q1 2022 results showcased strong growth driven by cloud services and digital transformation.

Microsoft reported a strong start to fiscal year 2022, with revenue increasing by 22% to $45.3 billion and operating income up by 27% to $20.2 billion. The Microsoft Cloud generated $20.7 billion in revenue, a 36% increase year over year. Diluted earnings per share were $2.71 GAAP and $2.27 non-GAAP, representing increases of 49% and 25%, respectively.

  • Revenue increased by 22% to $45.3 billion.
  • Operating income increased by 27% to $20.2 billion.
  • Net income increased by 48% to $20.5 billion GAAP and 24% to $17.2 billion non-GAAP.
  • Microsoft Cloud revenue grew by 36% to $20.7 billion.

Headline financials

Total Revenue

$45.3B

Previous: $37.2B+22.0%
EPS (adj)

$2.27

Previous: $1.82+24.7%
Microsoft Cloud revenue

$20.7B

Previous: $15.2B+36.2%
Capital Expenditures

-$5.81B

Previous: -$4.91B-18.4%
Free Cash Flow

$14.7B

Previous: $8.99B+63.5%
Net Income

$20.5B

Previous: $13.9B+47.6%
Operating Income

$20.2B

Previous: $15.9B+27.5%
Gross Profit

$31.7B

Previous: $26.2B+21.1%
Cash & Equivalents

$19.2B

Previous: $17.2B+11.4%
Total Assets

$335B

Previous: $301B+11.4%
Stock-Based Comp

$1.7B

Previous: $1.46B+16.9%

Revenue & EPS history

Microsoft · Revenue · Quarterly

$45.3B

Q1 2022+22%vs Q1 2021
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Microsoft · $82.9B total across 3 segments · Q3 2026

  • Productivity and Business Processes
    $35B
  • Intelligent Cloud
    $34.7B
  • More Personal Computing
    $13.2B

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.8%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.9%

Avg return

30 days after

63%

47 / 75 earnings

Positive

+12.0%

Q1 2016

Best reaction

-12.1%

Q4 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.0%-3.1%+6.0%
Q2 2026-5.0%-14.6%-18.5%
Q1 2026+0.2%-5.0%-9.1%
Q4 2025-2.8%+2.8%-1.3%
Q3 2025+7.6%+9.6%+16.5%
Q2 2025-6.2%-6.8%-10.3%
Q1 2025-5.9%-5.4%-2.0%
Q4 2024-2.0%-4.3%-3.2%
Q3 2024-0.7%-4.8%+5.2%
Q2 2024-3.0%+0.4%+1.0%
Q1 2024+3.4%+0.1%+14.7%
Q4 2023-2.1%-2.0%-7.3%
Q3 2023+4.8%+9.0%+15.7%
Q2 2023-0.8%+2.3%+5.0%
Q1 2023-6.4%-4.6%+0.1%
Q4 2022+3.8%+8.5%+7.7%
Q3 2022+0.9%-1.1%-5.3%
Q2 2022+0.1%+4.0%-0.6%
Q1 2022+4.9%+7.6%+9.7%
Q4 2021-1.0%-1.4%+3.5%
Q3 2021-2.7%-3.6%-4.7%
Q2 2021+1.5%+1.1%-0.2%
Q1 2021-3.5%-3.6%+1.8%
Q4 2020-3.0%-2.3%+2.0%
Q3 2020+5.5%+5.3%+7.9%
Q2 2020+4.4%+5.4%-2.1%
Q1 2020+2.6%+5.7%+9.7%
Q4 2019+0.3%+2.2%-0.1%
Q3 2019+3.0%+3.5%+0.6%
Q2 2019+1.4%+2.7%+9.3%
Q1 2019+0.2%-3.9%-4.7%
Q4 2018+1.1%+2.4%+2.3%
Q3 2018+3.8%+2.9%+6.6%
Q2 2018+1.6%-5.1%+0.3%
Q1 2018+6.6%+5.8%+5.9%
Q4 2017-0.1%+0.4%-1.9%
Q3 2017+0.9%+2.2%+3.1%
Q2 2017+3.3%+1.5%+1.5%
Q1 2017+3.7%+6.0%+4.9%
Q4 2016+3.6%+4.8%+6.7%
Q3 2016-6.9%
Q2 2016+7.6%
Q1 2016+12.0%
Q4 2015-2.9%
Q3 2015+11.4%
Q2 2015-9.6%
Q1 2015+3.9%
Q4 2014+0.1%
Q3 2014+0.6%
Q2 2014+2.4%
Q1 2014+5.8%
Q4 2013-12.1%
Q3 2013+3.3%
Q2 2013+1.0%
Q1 2013-3.2%
Q4 2012-1.1%
Q3 2012+4.1%
Q2 2012+5.2%
Q1 2012+0.1%
Q4 2011+0.3%
Q3 2011-1.7%
Q2 2011-3.6%
Q1 2011+2.3%
Q1 2008+1.2%
Q2 2008+1.2%
Q4 2008+1.2%
Q3 2008+1.2%
Q4 2010+1.2%
Q3 2009-1.2%
Q3 2010-1.2%
Q2 2010-5.0%
Q2 2009-5.0%
Q4 2009+7.9%
Q1 2010+7.9%
Q1 2009+7.9%

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