Side by sideMicrosoft (MSFT) and Amazon (AMZN)Memos of October 10, 2026
Microsoft vs Amazon stock: the numbers side by side (October 2026)
How do Microsoft and Amazon compare?
| Microsoft MSFT | Amazon AMZN | |
|---|---|---|
| Revenue growth | 17.8%Year to Jun 2026 | 12.4%Year to Dec 2025 |
| Operating margin | 46.8%Year to Jun 2026 | 11.2%Year to Dec 2025 |
| Free cash flow | 66,987US$ millions · Year to Jun 2026 | 7,695US$ millions · Year to Dec 2025 |
| Free cash flow yield | 1.7%Today (Oct 8, 2026) | -0.4%Today (Oct 8, 2026) |
| Net debt (− = net cash) | 30,045US$ millions · Year to Jun 2026 | -41,892US$ millions · Year to Dec 2025 |
| Dividend yield | 0.8%Today (Oct 8, 2026) | 0.0%Today (Oct 8, 2026) |
| P/E, last 12 months | 29.1xToday (Oct 8, 2026) | 20.4xToday (Oct 8, 2026) |
| P/E, next 12 months | 22.2xToday (Oct 8, 2026) | 23.9xToday (Oct 8, 2026) |
| Weighted price forecast, about 1 year | 519.25 (+0 %)October 2027 | 338.56 (+33 %)October 2027 |
| Weighted price forecast, about 3 years | 392.64 (-22 %)October 2029 | 424.16 (+67 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Microsoft | The higher figure |
| Operating margin | Microsoft | The higher figure |
| Free cash flow | Microsoft | The higher figure |
| Free cash flow yield | Microsoft | The higher figure |
| Net debt (− = net cash) | Amazon | The lower figure |
| Dividend yield | Microsoft | The higher figure |
| P/E, last 12 months | Amazon | The lower figure |
| P/E, next 12 months | Microsoft | The lower figure |
| Weighted price forecast, about 1 year | Amazon | The higher weighted return |
| Weighted price forecast, about 3 years | Amazon | The higher weighted return |
What does each company do?
Microsoft sells workplace software, cloud computing, business applications, LinkedIn services, Windows, games, devices and advertising to businesses, governments, developers and consumers.
Microsoft (MSFT), from our memo of October 10, 2026 · Microsoft stock forecast
Amazon sells goods directly, connects independent merchants with shoppers, sells advertising and subscriptions, and rents computing capacity through AWS, Amazon Web Services.
Amazon (AMZN), from our memo of October 10, 2026 · Amazon stock forecast
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