Microsoft Stock Is on Track to Trail the S&P 500 for a 3rd Straight Year. History Says What Happened After Its Last 2 Streaks.

With dividends, Microsoft trailed the S&P 500 in 2024 and 2025, and it's behind again in 2026. Its only past three-year lagging streaks ran from 2003 through 2005 and from 2010 through 2012.