NASDAQ$MSFT
Microsoft · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Microsoft's Q4 2021 results were fueled by cloud strength, demonstrating strong growth across all segments.
Microsoft reported a strong fourth quarter with revenue of $46.2 billion, a 21% increase year-over-year, and diluted earnings per share of $2.17, a 49% increase year-over-year. Commercial cloud revenue grew 36% year-over-year to $19.5 billion.
- Revenue increased by 21% to $46.2 billion, driven by growth across all segments.
- Operating income increased by 42% to $19.1 billion.
- Net income increased by 47% to $16.5 billion.
- Diluted earnings per share increased by 49% to $2.17.
Headline financials
Revenue & EPS history
Microsoft · Revenue · Quarterly
$46.2B
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 Q4 2021
+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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