Microsoft (MSFT Quick QuoteMSFT - Free Report) reported $82.89 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 18.3%. EPS of $4.27 for the same period compares to $3.46 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $81.4 billion, representing a surprise of +1.83%. The company delivered an EPS surprise of +4.97%, with the consensus EPS estimate being $4.07.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Microsoft performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Percentage Change Y/Y (GAAP)- Intelligent Cloud: 30% versus the eight-analyst average estimate of 28.1%.
• Percentage Change Y/Y (GAAP)- Productivity and Business Processes: 17% compared to the 15.2% average estimate based on eight analysts.
• Percentage Change Y/Y (GAAP)- Revenue: 18% versus the eight-analyst average estimate of 16.1%.
• Percentage Change Y/Y (GAAP)- More Personal Computing: -1% versus -5.8% estimated by eight analysts on average.
• Revenue- Productivity and Business Processes: $35.01 billion compared to the $34.49 billion average estimate based on eight analysts. The reported number represents a change of +16.9% year over year.
• Revenue- Intelligent Cloud: $34.68 billion versus the eight-analyst average estimate of $34.27 billion. The reported number represents a year-over-year change of +29.6%.
• Revenue- More Personal Computing: $13.19 billion compared to the $12.59 billion average estimate based on eight analysts. The reported number represents a change of -1.3% year over year.
• Revenue by product and service offerings- Gaming: $5.34 billion versus $5.37 billion estimated by three analysts on average.
• Revenue by product and service offerings- Search and news advertising: $3.81 billion versus $3.72 billion estimated by three analysts on average.
• Revenue by product and service offerings- Dynamics products and cloud services: $2.29 billion versus $2.27 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +18.8% change.
• Revenue by product and service offerings- Microsoft 365 Commercial products and cloud services: $25.59 billion versus $25.38 billion estimated by three analysts on average.
• Revenue by product and service offerings- Microsoft 365 Consumer products and cloud services: $2.3 billion compared to the $2.2 billion average estimate based on three analysts.

View all Key Company Metrics for Microsoft here>>>

Shares of Microsoft have returned +16% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.