Microsoft (MSFT) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -11.0% | -8.5% | -5.7% | +10.2% | +10.4% | -13.2% | — | — | — | — | — | — |
| 2025 | -1.5% | -4.2% | -5.4% | +5.3% | +16.7% | +8.0% | +7.3% | -4.9% | +2.2% | -0.0% | -4.8% | -1.7% |
| 2024 | +5.7% | +4.2% | +1.7% | -7.5% | +6.8% | +7.7% | -6.4% | -0.1% | +3.2% | -5.6% | +4.4% | -0.5% |
| 2023 | +3.3% | +0.9% | +15.6% | +6.6% | +7.1% | +3.7% | -1.4% | -2.2% | -3.7% | +7.1% | +12.3% | -0.8% |
| 2022 | -7.5% | -3.7% | +3.2% | -10.0% | -1.8% | -5.5% | +9.3% | -6.7% | -10.9% | -0.3% | +10.2% | -6.0% |
| 2021 | +4.3% | +0.4% | +1.5% | +7.0% | -0.8% | +8.5% | +5.2% | +6.2% | -6.6% | +17.6% | -0.1% | +1.7% |
| 2020 | +7.9% | -4.6% | -2.7% | +13.6% | +2.5% | +11.1% | +0.7% | +10.3% | -6.7% | -3.7% | +6.0% | +3.9% |
| 2019 | +2.8% | +7.7% | +5.3% | +10.7% | -4.9% | +8.3% | +1.7% | +1.5% | +0.9% | +3.1% | +5.9% | +4.2% |
| 2018 | +11.1% | -0.8% | -2.7% | +2.5% | +6.1% | -0.2% | +7.6% | +6.3% | +1.8% | -6.6% | +4.3% | -8.4% |
| 2017 | +4.0% | -0.4% | +2.9% | +4.0% | +2.6% | -1.3% | +5.5% | +3.4% | -0.4% | +11.7% | +1.7% | +1.6% |
| 2016 | -0.7% | -7.0% | +8.6% | -9.7% | +7.0% | -3.5% | +10.8% | +2.0% | +0.3% | +4.0% | +1.3% | +3.1% |
| 2015 | -13.0% | +9.3% | -7.3% | +19.6% | -3.0% | -5.8% | +5.8% | -6.2% | +1.7% | +18.9% | +3.9% | +2.1% |
| 2014 | +1.1% | +2.0% | +7.0% | -1.4% | +2.0% | +1.9% | +3.5% | +5.9% | +2.0% | +1.3% | +2.5% | -2.9% |
| 2013 | +2.7% | +2.1% | +2.9% | +15.7% | +6.2% | -1.0% | -7.8% | +5.7% | -0.4% | +6.4% | +8.5% | -1.9% |
| 2012 | +13.8% | +8.2% | +1.6% | -0.7% | -8.2% | +4.8% | -3.7% | +5.3% | -3.4% | -4.1% | -5.9% | +0.4% |
| 2011 | -0.7% | -3.6% | -4.5% | +2.1% | -2.9% | +4.0% | +5.4% | -2.3% | -6.5% | +7.0% | -3.2% | +1.5% |
| 2010 | -7.5% | +2.2% | +2.1% | +4.3% | -15.1% | -10.8% | +12.1% | -8.6% | +4.3% | +8.9% | -4.7% | +10.5% |
| 2009 | -12.0% | -4.9% | +13.8% | +10.2% | +3.8% | +13.8% | -1.0% | +5.4% | +4.4% | +7.8% | +6.5% | +3.7% |
| 2008 | -8.4% | -16.2% | +4.3% | +0.5% | -0.4% | -2.8% | -6.5% | +6.5% | -2.2% | -16.3% | -8.9% | -3.9% |
| 2007 | +3.3% | -8.4% | -1.1% | +7.4% | +2.8% | -3.9% | -1.6% | -0.5% | +2.5% | +24.9% | -8.4% | +6.0% |
| 2006 | +7.6% | -4.2% | +1.3% | -11.3% | -5.9% | +2.9% | +3.2% | +7.2% | +6.4% | +4.9% | +2.6% | +1.7% |
| 2005 | -1.6% | -4.0% | -3.9% | +4.7% | +2.3% | -3.8% | +3.1% | +7.2% | -6.0% | -0.1% | +8.0% | -5.6% |
| 2004 | +1.1% | -4.1% | -6.0% | +4.8% | +0.4% | +8.9% | -0.2% | -3.8% | +1.2% | +1.2% | +6.8% | -0.3% |
| 2003 | -8.2% | +0.2% | +2.1% | +5.6% | -3.7% | +4.1% | +3.0% | +0.4% | +4.8% | -5.4% | -1.6% | +6.4% |
| 2002 | -3.8% | -8.5% | +3.4% | -13.4% | -2.6% | +7.4% | -12.3% | +2.3% | -10.9% | +22.2% | +7.9% | -10.4% |
| 2001 | +40.8% | -3.4% | -7.3% | +23.9% | +2.1% | +5.5% | -9.3% | -13.8% | -10.3% | +13.6% | +10.5% | +3.2% |
| 2000 | -16.2% | -8.7% | +18.9% | -34.3% | -10.3% | +27.8% | -12.7% | +0.0% | -13.6% | +14.2% | -16.7% | -24.4% |
| 1999 | +26.2% | -14.2% | +19.4% | -9.3% | -0.8% | +11.8% | -4.8% | +7.9% | -2.1% | +2.2% | -1.6% | +28.3% |
| 1998 | +15.5% | +13.7% | +5.6% | +0.7% | -5.9% | +27.8% | +1.4% | -12.7% | +14.8% | -3.8% | +15.2% | +13.7% |
| 1997 | +23.4% | -4.4% | -6.1% | +32.6% | +2.1% | +2.0% | +11.7% | -6.5% | +0.2% | -1.8% | +8.9% | -8.7% |
| 1996 | +5.7% | +6.5% | +4.8% | +9.7% | +4.9% | +1.1% | -1.8% | +3.8% | +7.5% | +4.2% | +14.2% | +5.5% |
| 1995 | -2.6% | +6.2% | +12.9% | +14.8% | +3.5% | +6.8% | +0.0% | +2.3% | -2.3% | +10.5% | -12.6% | +0.3% |
| 1994 | +5.9% | -3.1% | +2.5% | +9.3% | +15.9% | -3.4% | -0.5% | +12.8% | -3.2% | +12.1% | -0.4% | -2.9% |
| 1993 | +1.2% | -3.0% | +10.7% | -8.0% | +8.6% | -5.1% | -15.6% | +1.4% | +9.8% | -3.2% | +0.0% | +0.7% |
| 1992 | +8.5% | +2.0% | -3.8% | -6.7% | +9.3% | -13.1% | +3.8% | +2.9% | +7.7% | +10.5% | +4.7% | -8.5% |
| 1991 | +29.5% | +5.9% | +2.1% | -6.1% | +10.1% | -6.6% | +7.7% | +16.0% | +4.6% | +5.3% | +4.2% | +13.7% |
| 1990 | +6.3% | +6.8% | +12.2% | +4.7% | +25.4% | +4.9% | -12.9% | -7.5% | +2.4% | +1.2% | +12.9% | +5.0% |
| 1989 | +12.0% | -0.2% | -16.2% | +12.0% | +8.3% | -12.4% | +3.3% | +7.3% | +16.6% | +19.3% | +6.4% | +0.0% |
| 1988 | +2.8% | +6.5% | -4.8% | -3.5% | +6.4% | +15.5% | -11.2% | -16.0% | +4.5% | -6.2% | -3.6% | +12.7% |
| 1987 | +51.5% | +5.0% | +26.1% | +7.5% | +10.8% | -11.5% | -7.8% | +26.3% | +11.6% | -24.9% | -10.0% | +21.2% |
| 1986 | — | — | — | +17.3% | +7.8% | -11.5% | -7.3% | +0.0% | -0.9% | +37.2% | +28.4% | -3.0% |
| Avg | +5.1% | -0.8% | +2.9% | +3.5% | +3.1% | +2.4% | -0.3% | +1.6% | +0.6% | +4.9% | +2.9% | +1.5% |
| Median | +3.1% | -0.6% | +2.1% | +4.7% | +2.6% | +2.5% | +0.4% | +2.1% | +1.1% | +4.1% | +4.1% | +1.1% |
| Last 5Y Avg | -2.2% | -2.3% | +1.9% | +0.9% | +7.8% | +4.5% | +2.8% | -1.5% | -3.2% | +3.8% | +4.4% | -1.4% |
| Std Dev (σ) | 13.8% | 6.5% | 8.5% | 11.7% | 7.6% | 9.5% | 7.3% | 8.1% | 6.7% | 11.3% | 8.5% | 8.8% |
| Consistency (μ/σ) | 0.37 | -0.12 | 0.34 | 0.30 | 0.40 | 0.25 | -0.04 | 0.20 | 0.10 | 0.43 | 0.34 | 0.17 |
| Win Rate (%) | 65% | 45% | 65% | 68% | 66% | 57% | 50% | 60% | 57% | 65% | 63% | 57% |
| Winning / Losing Months | ▲26▼14 | ▲18▼22 | ▲26▼14 | ▲28▼13 | ▲27▼14 | ▲23▼17 | ▲20▼20 | ▲24▼16 | ▲23▼17 | ▲26▼14 | ▲25▼15 | ▲23▼17 |
| Longest Win / Loss Streak | ▲8▼4 | ▲4▼6 | ▲4▼2 | ▲5▼3 | ▲12▼3 | ▲10▼4 | ▲9▼4 | ▲6▼4 | ▲7▼4 | ▲5▼2 | ▲8▼3 | ▲4▼4 |
| Best | +51.5%in January 1987 | +13.7%in February 1998 | +26.1%in March 1987 | +32.6%in April 1997 | +25.4%in May 1990 | +27.8%in June 2000 | +12.1%in July 2010 | +26.3%in August 1987 | +16.6%in September 1989 | +37.2%in October 1986 | +28.4%in November 1986 | +28.3%in December 1999 |
| Worst | -16.2%in January 2000 | -16.2%in February 2008 | -16.2%in March 1989 | -34.3%in April 2000 | -15.1%in May 2010 | -13.1%in June 1992 | -15.6%in July 1993 | -16.0%in August 1988 | -13.6%in September 2000 | -24.9%in October 1987 | -16.7%in November 2000 | -24.4%in December 2000 |
−34.3%+51.5%
2026
Jan-11.0%
Feb-8.5%
Mar-5.7%
Apr+10.2%
May+10.4%
Jun-13.2%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan-1.5%
Feb-4.2%
Mar-5.4%
Apr+5.3%
May+16.7%
Jun+8.0%
Jul+7.3%
Aug-4.9%
Sep+2.2%
Oct-0.0%
Nov-4.8%
Dec-1.7%
2024
Jan+5.7%
Feb+4.2%
Mar+1.7%
Apr-7.5%
May+6.8%
Jun+7.7%
Jul-6.4%
Aug-0.1%
Sep+3.2%
Oct-5.6%
Nov+4.4%
Dec-0.5%
2023
Jan+3.3%
Feb+0.9%
Mar+15.6%
Apr+6.6%
May+7.1%
Jun+3.7%
Jul-1.4%
Aug-2.2%
Sep-3.7%
Oct+7.1%
Nov+12.3%
Dec-0.8%
2022
Jan-7.5%
Feb-3.7%
Mar+3.2%
Apr-10.0%
May-1.8%
Jun-5.5%
Jul+9.3%
Aug-6.7%
Sep-10.9%
Oct-0.3%
Nov+10.2%
Dec-6.0%
2021
Jan+4.3%
Feb+0.4%
Mar+1.5%
Apr+7.0%
May-0.8%
Jun+8.5%
Jul+5.2%
Aug+6.2%
Sep-6.6%
Oct+17.6%
Nov-0.1%
Dec+1.7%
2020
Jan+7.9%
Feb-4.6%
Mar-2.7%
Apr+13.6%
May+2.5%
Jun+11.1%
Jul+0.7%
Aug+10.3%
Sep-6.7%
Oct-3.7%
Nov+6.0%
Dec+3.9%
2019
Jan+2.8%
Feb+7.7%
Mar+5.3%
Apr+10.7%
May-4.9%
Jun+8.3%
Jul+1.7%
Aug+1.5%
Sep+0.9%
Oct+3.1%
Nov+5.9%
Dec+4.2%
2018
Jan+11.1%
Feb-0.8%
Mar-2.7%
Apr+2.5%
May+6.1%
Jun-0.2%
Jul+7.6%
Aug+6.3%
Sep+1.8%
Oct-6.6%
Nov+4.3%
Dec-8.4%
2017
Jan+4.0%
Feb-0.4%
Mar+2.9%
Apr+4.0%
May+2.6%
Jun-1.3%
Jul+5.5%
Aug+3.4%
Sep-0.4%
Oct+11.7%
Nov+1.7%
Dec+1.6%
2016
Jan-0.7%
Feb-7.0%
Mar+8.6%
Apr-9.7%
May+7.0%
Jun-3.5%
Jul+10.8%
Aug+2.0%
Sep+0.3%
Oct+4.0%
Nov+1.3%
Dec+3.1%
2015
Jan-13.0%
Feb+9.3%
Mar-7.3%
Apr+19.6%
May-3.0%
Jun-5.8%
Jul+5.8%
Aug-6.2%
Sep+1.7%
Oct+18.9%
Nov+3.9%
Dec+2.1%
2014
Jan+1.1%
Feb+2.0%
Mar+7.0%
Apr-1.4%
May+2.0%
Jun+1.9%
Jul+3.5%
Aug+5.9%
Sep+2.0%
Oct+1.3%
Nov+2.5%
Dec-2.9%
2013
Jan+2.7%
Feb+2.1%
Mar+2.9%
Apr+15.7%
May+6.2%
Jun-1.0%
Jul-7.8%
Aug+5.7%
Sep-0.4%
Oct+6.4%
Nov+8.5%
Dec-1.9%
2012
Jan+13.8%
Feb+8.2%
Mar+1.6%
Apr-0.7%
May-8.2%
Jun+4.8%
Jul-3.7%
Aug+5.3%
Sep-3.4%
Oct-4.1%
Nov-5.9%
Dec+0.4%
2011
Jan-0.7%
Feb-3.6%
Mar-4.5%
Apr+2.1%
May-2.9%
Jun+4.0%
Jul+5.4%
Aug-2.3%
Sep-6.5%
Oct+7.0%
Nov-3.2%
Dec+1.5%
2010
Jan-7.5%
Feb+2.2%
Mar+2.1%
Apr+4.3%
May-15.1%
Jun-10.8%
Jul+12.1%
Aug-8.6%
Sep+4.3%
Oct+8.9%
Nov-4.7%
Dec+10.5%
2009
Jan-12.0%
Feb-4.9%
Mar+13.8%
Apr+10.2%
May+3.8%
Jun+13.8%
Jul-1.0%
Aug+5.4%
Sep+4.4%
Oct+7.8%
Nov+6.5%
Dec+3.7%
2008
Jan-8.4%
Feb-16.2%
Mar+4.3%
Apr+0.5%
May-0.4%
Jun-2.8%
Jul-6.5%
Aug+6.5%
Sep-2.2%
Oct-16.3%
Nov-8.9%
Dec-3.9%
2007
Jan+3.3%
Feb-8.4%
Mar-1.1%
Apr+7.4%
May+2.8%
Jun-3.9%
Jul-1.6%
Aug-0.5%
Sep+2.5%
Oct+24.9%
Nov-8.4%
Dec+6.0%
2006
Jan+7.6%
Feb-4.2%
Mar+1.3%
Apr-11.3%
May-5.9%
Jun+2.9%
Jul+3.2%
Aug+7.2%
Sep+6.4%
Oct+4.9%
Nov+2.6%
Dec+1.7%
2005
Jan-1.6%
Feb-4.0%
Mar-3.9%
Apr+4.7%
May+2.3%
Jun-3.8%
Jul+3.1%
Aug+7.2%
Sep-6.0%
Oct-0.1%
Nov+8.0%
Dec-5.6%
2004
Jan+1.1%
Feb-4.1%
Mar-6.0%
Apr+4.8%
May+0.4%
Jun+8.9%
Jul-0.2%
Aug-3.8%
Sep+1.2%
Oct+1.2%
Nov+6.8%
Dec-0.3%
2003
Jan-8.2%
Feb+0.2%
Mar+2.1%
Apr+5.6%
May-3.7%
Jun+4.1%
Jul+3.0%
Aug+0.4%
Sep+4.8%
Oct-5.4%
Nov-1.6%
Dec+6.4%
2002
Jan-3.8%
Feb-8.5%
Mar+3.4%
Apr-13.4%
May-2.6%
Jun+7.4%
Jul-12.3%
Aug+2.3%
Sep-10.9%
Oct+22.2%
Nov+7.9%
Dec-10.4%
2001
Jan+40.8%
Feb-3.4%
Mar-7.3%
Apr+23.9%
May+2.1%
Jun+5.5%
Jul-9.3%
Aug-13.8%
Sep-10.3%
Oct+13.6%
Nov+10.5%
Dec+3.2%
2000
Jan-16.2%
Feb-8.7%
Mar+18.9%
Apr-34.3%
May-10.3%
Jun+27.8%
Jul-12.7%
Aug+0.0%
Sep-13.6%
Oct+14.2%
Nov-16.7%
Dec-24.4%
1999
Jan+26.2%
Feb-14.2%
Mar+19.4%
Apr-9.3%
May-0.8%
Jun+11.8%
Jul-4.8%
Aug+7.9%
Sep-2.1%
Oct+2.2%
Nov-1.6%
Dec+28.3%
1998
Jan+15.5%
Feb+13.7%
Mar+5.6%
Apr+0.7%
May-5.9%
Jun+27.8%
Jul+1.4%
Aug-12.7%
Sep+14.8%
Oct-3.8%
Nov+15.2%
Dec+13.7%
1997
Jan+23.4%
Feb-4.4%
Mar-6.1%
Apr+32.6%
May+2.1%
Jun+2.0%
Jul+11.7%
Aug-6.5%
Sep+0.2%
Oct-1.8%
Nov+8.9%
Dec-8.7%
1996
Jan+5.7%
Feb+6.5%
Mar+4.8%
Apr+9.7%
May+4.9%
Jun+1.1%
Jul-1.8%
Aug+3.8%
Sep+7.5%
Oct+4.2%
Nov+14.2%
Dec+5.5%
1995
Jan-2.6%
Feb+6.2%
Mar+12.9%
Apr+14.8%
May+3.5%
Jun+6.8%
Jul+0.0%
Aug+2.3%
Sep-2.3%
Oct+10.5%
Nov-12.6%
Dec+0.3%
1994
Jan+5.9%
Feb-3.1%
Mar+2.5%
Apr+9.3%
May+15.9%
Jun-3.4%
Jul-0.5%
Aug+12.8%
Sep-3.2%
Oct+12.1%
Nov-0.4%
Dec-2.9%
1993
Jan+1.2%
Feb-3.0%
Mar+10.7%
Apr-8.0%
May+8.6%
Jun-5.1%
Jul-15.6%
Aug+1.4%
Sep+9.8%
Oct-3.2%
Nov+0.0%
Dec+0.7%
1992
Jan+8.5%
Feb+2.0%
Mar-3.8%
Apr-6.7%
May+9.3%
Jun-13.1%
Jul+3.8%
Aug+2.9%
Sep+7.7%
Oct+10.5%
Nov+4.7%
Dec-8.5%
1991
Jan+29.5%
Feb+5.9%
Mar+2.1%
Apr-6.1%
May+10.1%
Jun-6.6%
Jul+7.7%
Aug+16.0%
Sep+4.6%
Oct+5.3%
Nov+4.2%
Dec+13.7%
1990
Jan+6.3%
Feb+6.8%
Mar+12.2%
Apr+4.7%
May+25.4%
Jun+4.9%
Jul-12.9%
Aug-7.5%
Sep+2.4%
Oct+1.2%
Nov+12.9%
Dec+5.0%
1989
Jan+12.0%
Feb-0.2%
Mar-16.2%
Apr+12.0%
May+8.3%
Jun-12.4%
Jul+3.3%
Aug+7.3%
Sep+16.6%
Oct+19.3%
Nov+6.4%
Dec+0.0%
1988
Jan+2.8%
Feb+6.5%
Mar-4.8%
Apr-3.5%
May+6.4%
Jun+15.5%
Jul-11.2%
Aug-16.0%
Sep+4.5%
Oct-6.2%
Nov-3.6%
Dec+12.7%
1987
Jan+51.5%
Feb+5.0%
Mar+26.1%
Apr+7.5%
May+10.8%
Jun-11.5%
Jul-7.8%
Aug+26.3%
Sep+11.6%
Oct-24.9%
Nov-10.0%
Dec+21.2%
1986
Jan—
Feb—
Mar—
Apr+17.3%
May+7.8%
Jun-11.5%
Jul-7.3%
Aug+0.0%
Sep-0.9%
Oct+37.2%
Nov+28.4%
Dec-3.0%
Avg
Jan+5.1%
Feb-0.8%
Mar+2.9%
Apr+3.5%
May+3.1%
Jun+2.4%
Jul-0.3%
Aug+1.6%
Sep+0.6%
Oct+4.9%
Nov+2.9%
Dec+1.5%
Median
Jan+3.1%
Feb-0.6%
Mar+2.1%
Apr+4.7%
May+2.6%
Jun+2.5%
Jul+0.4%
Aug+2.1%
Sep+1.1%
Oct+4.1%
Nov+4.1%
Dec+1.1%
Last 5Y Avg
Jan-2.2%
Feb-2.3%
Mar+1.9%
Apr+0.9%
May+7.8%
Jun+4.5%
Jul+2.8%
Aug-1.5%
Sep-3.2%
Oct+3.8%
Nov+4.4%
Dec-1.4%
Std Dev (σ)
Jan13.8%
Feb6.5%
Mar8.5%
Apr11.7%
May7.6%
Jun9.5%
Jul7.3%
Aug8.1%
Sep6.7%
Oct11.3%
Nov8.5%
Dec8.8%
Consistency (μ/σ)
Jan0.37
Feb-0.12
Mar0.34
Apr0.30
May0.40
Jun0.25
Jul-0.04
Aug0.20
Sep0.10
Oct0.43
Nov0.34
Dec0.17
Win Rate (%)
Jan65%
Feb45%
Mar65%
Apr68%
May66%
Jun57%
Jul50%
Aug60%
Sep57%
Oct65%
Nov63%
Dec57%
Winning / Losing Months
Jan▲26▼14
Feb▲18▼22
Mar▲26▼14
Apr▲28▼13
May▲27▼14
Jun▲23▼17
Jul▲20▼20
Aug▲24▼16
Sep▲23▼17
Oct▲26▼14
Nov▲25▼15
Dec▲23▼17
Longest Win / Loss Streak
Jan▲8▼4
Feb▲4▼6
Mar▲4▼2
Apr▲5▼3
May▲12▼3
Jun▲10▼4
Jul▲9▼4
Aug▲6▼4
Sep▲7▼4
Oct▲5▼2
Nov▲8▼3
Dec▲4▼4
Best
Jan+51.5%1987
Feb+13.7%1998
Mar+26.1%1987
Apr+32.6%1997
May+25.4%1990
Jun+27.8%2000
Jul+12.1%2010
Aug+26.3%1987
Sep+16.6%1989
Oct+37.2%1986
Nov+28.4%1986
Dec+28.3%1999
Worst
Jan-16.2%2000
Feb-16.2%2008
Mar-16.2%1989
Apr-34.3%2000
May-15.1%2010
Jun-13.1%1992
Jul-15.6%1993
Aug-16.0%1988
Sep-13.6%2000
Oct-24.9%1987
Nov-16.7%2000
Dec-24.4%2000
−34.3%+51.5%
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