微软 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR15(d) OF THE SECURITIES EXCHANGE ACTOF1934 For the Quarterly Period Ended December 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION13 OR15(d) OF THE SECURITIES EXCHANGE ACTOF1934 For the Transition Period From toCommission File Number 001-37845 MICROSOFT CORPORATION WASHINGTON91-1144442(STATE OF INCORPORATION)(I.R.S. ID)ONE MICROSOFT WAY, REDMOND, WASHINGTON 98052-6399(425) 882-8080www.microsoft.com/investor Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of exchange on which registered Common stock, $0.00000625 par value per share3.125% Notes due 20282.625% Notes due 2033 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated Filer☐Smaller Reporting Company☐Emerging Growth Company☐ Large Accelerated Filer☒Non-accelerated Filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Outstanding as of January 22, 2026 Class Common Stock, $0.00000625par value per share 7,425,629,076shares MICROSOFT CORPORATIONFORM 10-QFor the Quarter Ended December 31, 2025INDEX PART I.FINANCIAL INFORMATION Item 1.Financial Statementsa)Income Statements for the Three and Six Months Ended December 31, 2025 and 20243b)Comprehensive Income Statements for the Three and Six Months Ended December 31,2025 and 20244c)Balance Sheets as of December 31, 2025 and June 30, 20255d)Cash Flows Statements for the Three and Six Months Ended December 31, 2025 and20246e)Stockholders’ Equity Statements for the Three and Six Months Ended December 31, 2025and 20247f)Notes to Financial Statements8g)Report of Independent Registered Public Accounting Firm29Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations30Item 3.Quantitative and Qualitative Disclosures About Market Risk46Item 4.Controls and Procedures46 PART II. OTHER INFORMATION Item 1.Legal Proceedings47Item 1A. Risk Factors47Item 2.Unregistered Sales of Equity Securities and Use of Proceeds62Item 5.Other Information63Item 6.Exhibits64 SIGNATURE65 PART I. FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTSINCOME STATEMENTS COMPREHENSIVE INCOME STATEMENTS Refer to accompanying notes. BALANCE SHEETS CASH FLOWS STATEMENTS STOCKHOLDERS’ EQUITY STATEMENTS NOTES TO FINANCIAL STATEMENTS(Unaudited) NOTE 1 — ACCOUNTING POLICIES Accounting Principles Our unaudited interim consolidated financial statements and accompanying notes are prepared in accordance withaccounting principles generally accepted in the United States of America. In the opinion of management, the unauditedinterim consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for afair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of resultsfor a full year. The information included in this Form 10-Q should be read in conjunction with information included in theMicrosoft Corporation fiscal year 2025 Form 10-K filed with the U.S. Securities and Exchange Commission on July 30,2025. We have recast certain prior period amounts on our consolidated cash flows statements to conform to the currentperiod presentation. The recast of these prior period amounts had no impact on our consolidated balance sheets,consolidated income statements, or net cash from (used in) operations, investing, or financing on our consolidated cashflows statements. Principles of Consolidation The consolidated financial statements include the accounts of Microsoft Corporation and its subsidiaries. Intercompanytransactions and balances have been eliminated. Estimates and Assumptions Preparing financial statements requires management to make estimates and