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Alphabet vs Microsoft: revenue, profit, margins and growth compared

Alphabet brought in $402.8B of revenue in fiscal 2025, Microsoft $331.8B in fiscal 2026. Revenue changed by +15.1% at Alphabet and +17.8% at Microsoft on the year before, so Microsoft grew faster. Alphabet kept 32.8% of its revenue as net profit, Microsoft 40.3%. Free cash flow was $73.3B at Alphabet and $67B at Microsoft.

Side by side, latest fiscal year

GOOGLMSFT
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 30, 2026)
Revenue$402.8B$331.8B
Revenue growth+15.1%+17.8%
Net income$132.2B$133.7B
Net margin32.8%40.3%
Free cash flow$73.3B$67B
Free cash flow margin18.2%20.2%
Earnings per share (diluted)$10.81$17.95
Cash$30.7B$20.9B
Debt$49.1B$40.3B
Price to earnings31.828.8
Market value$4.21T$3.83T
Dividend yield0.24%0.71%
Rank by revenue in sector#2 of 530 · Technology#3 of 530 · Technology

Over the years

Revenue
GOOGL FY2018: $136.8BGOOGL FY2019: $161.9BGOOGL FY2020: $182.5BGOOGL FY2021: $257.6BGOOGL FY2022: $282.8BGOOGL FY2023: $307.4BGOOGL FY2024: $350BGOOGL FY2025: $402.8BMSFT FY2019: $125.8BMSFT FY2020: $143BMSFT FY2021: $168.1BMSFT FY2022: $198.3BMSFT FY2023: $211.9BMSFT FY2024: $245.1BMSFT FY2025: $281.7BMSFT FY2026: $331.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
GOOGL $402.8BMSFT $331.8B
Net income
GOOGL FY2018: $30.7BGOOGL FY2019: $34.3BGOOGL FY2020: $40.3BGOOGL FY2021: $76BGOOGL FY2022: $60BGOOGL FY2023: $73.8BGOOGL FY2024: $100.1BGOOGL FY2025: $132.2BMSFT FY2019: $39.2BMSFT FY2020: $44.3BMSFT FY2021: $61.3BMSFT FY2022: $72.7BMSFT FY2023: $72.4BMSFT FY2024: $88.1BMSFT FY2025: $101.8BMSFT FY2026: $133.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
GOOGL $132.2BMSFT $133.7B
Net margin
GOOGL FY2018: 22.5%GOOGL FY2019: 21.2%GOOGL FY2020: 22.1%GOOGL FY2021: 29.5%GOOGL FY2022: 21.2%GOOGL FY2023: 24.0%GOOGL FY2024: 28.6%GOOGL FY2025: 32.8%MSFT FY2019: 31.2%MSFT FY2020: 31.0%MSFT FY2021: 36.5%MSFT FY2022: 36.7%MSFT FY2023: 34.1%MSFT FY2024: 36.0%MSFT FY2025: 36.1%MSFT FY2026: 40.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
GOOGL 32.8%MSFT 40.3%
Revenue growth
GOOGL FY2019: +18.3%GOOGL FY2020: +12.8%GOOGL FY2021: +41.2%GOOGL FY2022: +9.8%GOOGL FY2023: +8.7%GOOGL FY2024: +13.9%GOOGL FY2025: +15.1%MSFT FY2020: +13.6%MSFT FY2021: +17.5%MSFT FY2022: +18.0%MSFT FY2023: +6.9%MSFT FY2024: +15.7%MSFT FY2025: +14.9%MSFT FY2026: +17.8%FY19FY20FY21FY22FY23FY24FY25FY26
GOOGL +15.1%MSFT +17.8%
Free cash flow
GOOGL FY2018: $22.8BGOOGL FY2019: $31BGOOGL FY2020: $42.8BGOOGL FY2021: $67BGOOGL FY2022: $60BGOOGL FY2023: $69.5BGOOGL FY2024: $72.8BGOOGL FY2025: $73.3BMSFT FY2019: $38.3BMSFT FY2020: $45.2BMSFT FY2021: $56.1BMSFT FY2022: $65.1BMSFT FY2023: $59.5BMSFT FY2024: $74.1BMSFT FY2025: $71.6BMSFT FY2026: $67BFY18FY19FY20FY21FY22FY23FY24FY25FY26
GOOGL $73.3BMSFT $67B

Fiscal years as each company reports them; the two may end in different months.

Questions about Alphabet and Microsoft

Which is bigger by revenue, Alphabet or Microsoft?

Alphabet is bigger by revenue: $402.8B in fiscal 2025, against $331.8B for Microsoft in fiscal 2026.

Which keeps more of its revenue as profit, Alphabet or Microsoft?

Alphabet had a net margin of 32.8% in fiscal 2025; Microsoft had 40.3% in fiscal 2026.

Which grew revenue faster, Alphabet or Microsoft?

In their latest fiscal years revenue changed by +15.1% at Alphabet and +17.8% at Microsoft.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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