Microsoft Corp. today announced the following results for the quarter ended December 31, 2025, as compared to the corresponding period of last fiscal year:

• Revenue was $81.3 billion and increased 17% (up 15% in constant currency)
• Operating income was $38.3 billion and increased 21% (up 19% in constant currency)
• Net income on a GAAP basis was $38.5 billion and increased 60%, and on a non-GAAP basis was $30.9 billion and increased 23% (up 21% in constant currency)
• Diluted earnings per share on a GAAP basis was $5.16 and increased 60%, and on a non-GAAP basis was $4.14 and increased 24% (up 21% in constant currency)
• Non-GAAP results exclude the impact from investments in OpenAI, explained in the Non-GAAP Definition section below