Microsoft vs UiPath: Revenue, Profit and Business Model
Microsoft had $331.8B of annual revenue in FY2026 and $133.7B of net income. UiPath had $1.6B of annual revenue in FY2026 and $282.3M of net income.
Latest financial snapshot
Financial summary
Microsoft
Microsoft's FY2026 revenue rose 17.8% to $331.8 billion, operating income rose 21% to $155.2 billion, and GAAP net income rose 31% to $133.7 billion. Fourth-quarter revenue was $90.0 billion (up 18%) with net income of $35.8 billion, helped by a $3.2 billion gain on its Anthropic investment. Microsoft Cloud revenue reached $59.3 billion in Q4, up 27%. The main pressure point is capital intensity: AI data center spending has pushed free cash flow growth well below earnings growth. Microsoft crossed the $3 trillion market valuation threshold in 2024, driven by its leadership in cloud computing and artificial intelligence.
UiPath
UiPath's revenue grew from $607.6 million in fiscal 2021 to $1.611 billion in fiscal 2026. After years of GAAP losses, it reported net income of $282 million in fiscal 2026. In the second quarter of fiscal 2027 revenue was $410 million, up 13%, and it was the company's fourth straight GAAP-profitable quarter.
Revenue and profit by year
Microsoft
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $331.8B | $133.7B | 40.3% | +17.8% | Source |
| FY2025 | $281.7B | $101.8B | 36.1% | +14.9% | Source |
| FY2024 | $245.1B | $88.1B | 36.0% | +15.7% | Source |
| FY2023 | $211.9B | $72.4B | 34.1% | +6.9% | Source |
| FY2022 | $198.3B | $72.7B | 36.7% | +18.0% | Source |
| FY2021 | $168.1B | $61.3B | 36.5% | +17.5% | Source |
| FY2020 | $143B | $44.3B | 31.0% | +13.6% | Source |
| FY2019 | $125.8B | $39.2B | 31.2% | +14.0% | Source |
| FY2018 | $110.4B | $16.6B | 15.0% | +14.3% | Source |
| FY2017 | $96.6B | $25.5B | 26.4% | — | Source |
UiPath
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $1.6B | $282.3M | 17.5% | +12.7% | Source |
| FY2025 | $1.4B | -$73.7M | -5.2% | +9.3% | Source |
| FY2024 | $1.3B | -$89.9M | -6.9% | +23.6% | Source |
| FY2023 | $1.1B | -$328.4M | -31.0% | +18.6% | Source |
| FY2022 | $892.3M | -$525.6M | -58.9% | +46.8% | Source |
| FY2021 | $607.6M | -$92.4M | -15.2% | +80.8% | Source |
| FY2020 | $336.2M | -$519.9M | -154.7% | — | Source |
Where the revenue comes from
Microsoft
- Productivity And Business ProcessesMajor
Office, Microsoft 365, LinkedIn, Dynamics, and related cloud services.
- Intelligent CloudMajor
Azure, server products, enterprise services, and cloud infrastructure.
- More Personal ComputingMajor
Windows, devices, gaming, search, and advertising.
- AI Services And CopilotsGrowth
AI features and model-powered services embedded across Azure, Microsoft 365, GitHub, security, and developer tools.
UiPath
- Term software licences
Not formally reported
Licences for robots, developer and user seats, orchestration and AI capabilities such as document processing and agents.
- Cloud and maintenance subscriptions
Not formally reported
Recurring subscriptions to the hosted platform and support. Annual recurring revenue was $1.853 billion at the end of fiscal 2026 and $1.938 billion at July 31, 2026.
- Professional services
Not formally reported
A smaller line covering implementation and training. Total revenue was $1.611 billion in fiscal 2026.
Business model and strategy
Microsoft
How it makes money
Microsoft reports three segments. Intelligent Cloud covers Azure, SQL Server, Windows Server, GitHub, Nuance, and enterprise services; server products and cloud services alone brought in $129.4 billion in FY2026, and Azure passed $100 billion in annual revenue for the first time.
Growth strategy
Microsoft's growth plan centers on AI capacity and AI subscriptions. It is spending heavily on data centers and chips to meet Azure demand that management says remains capacity constrained, and it is selling Microsoft 365 Copilot as a paid add-on, which passed 30 million paid seats by the end of FY2026.
Competitive advantage
Microsoft's main advantage is distribution inside enterprises. Identity (Entra), email and documents (Microsoft 365), collaboration (Teams), developer tools (GitHub, Visual Studio), and cloud infrastructure (Azure) are often bought together, which raises switching costs and lets Microsoft attach new products such as Copilot to existing contracts.
UiPath
How it makes money
UiPath sells its automation platform mainly on a recurring basis. Revenue comes from term software licenses, cloud and maintenance subscriptions, and a smaller professional services line. Customers pay for robots, developer and user seats, orchestration, and AI capabilities such as document processing and agents. The company tracks annual recurring revenue (ARR) as its main operating metric.
Growth strategy
UiPath is positioning its platform as an orchestration layer that coordinates AI agents, deterministic software robots and human approvals inside regulated business processes. It has added industry-specific capabilities through acquisitions, including Peak for AI-driven pricing and inventory decisions in 2025 and WorkFusion for financial crime compliance agents in 2026.
Competitive advantage
A large base of enterprise automation customers and a single platform that combines robots, agents, process discovery and governance.
Questions about Microsoft vs UiPath
Which company has higher revenue — Microsoft Corporation or UiPath?
Microsoft Corporation had $331.8B (FY2026), while UiPath had $1.6B (FY2026). By latest annual revenue, Microsoft Corporation is the larger business, with UiPath showing a smaller revenue base.
What is the market cap of Microsoft Corporation vs UiPath?
Microsoft Corporation's market capitalisation stands at $3.83T, while UiPath's is $7.2B. Microsoft Corporation carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to UiPath.
How does revenue per employee compare for Microsoft Corporation and UiPath?
Microsoft Corporation has $1.49M / employee in revenue per employee, while UiPath has $416k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Microsoft Corporation and UiPath make money?
Microsoft Corporation and UiPath generate revenue in fundamentally different ways. Microsoft Corporation: Microsoft reports three segments. UiPath: UiPath sells its automation platform mainly on a recurring basis.
Which company is valued higher relative to revenue — Microsoft Corporation or UiPath?
On a price-to-sales (P/S) basis, Microsoft Corporation trades at 11.5x P/S and UiPath at 4.5x P/S. Microsoft Corporation commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to UiPath. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is Microsoft Corporation bigger than UiPath?
By last reported revenue, Microsoft Corporation ($331.8B (FY2026)) is the larger company compared to UiPath ($1.6B (FY2026)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Microsoft vs UiPath overview