NASDAQ$MSFT

Microsoft · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Microsoft's Q3 2022 results were fueled by cloud strength, with revenue increasing by 18% and operating income by 19%.

Microsoft reported strong Q3 2022 results, driven by customer commitment to their cloud platform and strong sales execution. Revenue increased by 18% to $49.4 billion, operating income increased by 19% to $20.4 billion, and net income increased by 8% to $16.7 billion.

  • Revenue increased by 18% to $49.4 billion.
  • Operating income increased by 19% to $20.4 billion.
  • Net income increased by 8% to $16.7 billion.
  • Microsoft Cloud revenue was $23.4 billion, up 32% year over year.

Headline financials

Total Revenue

$49.4B

Previous: $41.7B+18.4%
EPS (adj)

$2.22

Previous: $1.95+13.8%
Microsoft Cloud revenue

$23.4B

Previous: $17.7B+32.2%
Capital Expenditures

-$5.34B

Previous: -$5.09B-4.9%
Free Cash Flow

$11.4B

Previous: $10.4B+9.8%
Net Income

$16.7B

Previous: $15.5B+8.2%
Operating Income

$20.4B

Previous: $17B+19.5%
Gross Profit

$33.7B

Previous: $28.7B+17.7%
Cash & Equivalents

$12.5B

Previous: $13.7B-8.8%
Total Assets

$345B

Previous: $309B+11.6%
Stock-Based Comp

$1.91B

Previous: $1.53B+25.0%

Revenue & EPS history

Microsoft · Revenue · Quarterly

$49.4B

Q3 2022+18.4%vs Q3 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

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 Q3 2022

Historical avgQ3 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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