NASDAQ$MSFT
Microsoft · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Microsoft's Q2 2025 earnings were released, revealing significant growth driven by cloud and AI.
Microsoft reported a strong second quarter in fiscal year 2025, with revenue increasing by 12% to $69.6 billion and operating income rising by 17% to $31.7 billion. Net income increased by 10% to $24.1 billion, and diluted earnings per share also increased by 10% to $3.23. The growth was largely driven by the strength of Microsoft Cloud and AI, with Microsoft Cloud revenue up 21% year-over-year.
- Revenue increased by 12% to $69.6 billion.
- Operating income increased by 17% to $31.7 billion.
- Net income increased by 10% to $24.1 billion.
- Diluted earnings per share increased by 10% to $3.23.
Headline financials
Revenue & EPS history
Microsoft · Revenue · Quarterly
$69.6B
Revenue by segment
Microsoft · $82.9B total across 3 segments · Q3 2026
- Productivity and Business Processes$35B—42.2%
- Intelligent Cloud$34.7B—41.9%
- More Personal Computing$13.2B—15.9%
Forward guidance
Microsoft will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast.
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 Q2 2025
+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
| Quarter | Report date | Reaction (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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