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Industry InsightsMarch 25, 202612 min read

Understanding Microsoft 365 Copilot2026 Licensing Reference · Wave 3

What's included at each tier, how E3 and E5 affect your options, what Wave 3 adds — and how Claude fits into the platform.

MK

Mathieu Kessler

Founder, Kesslernity · Sources: Microsoft Learn · Anthropic

Section 01 · The Two Tiers

Two tiers, one platform

Microsoft offers two enterprise AI experiences within the M365 ecosystem. Understanding the boundary between them is the starting point for any Copilot adoption decision.

Free · Included

Microsoft 365 Copilot Chat

AI chat grounded in the public web, with enterprise data protection. Automatically available to any M365 business subscriber. No Microsoft Graph access — it cannot see your organisation's emails, documents, or Teams conversations unless you paste them in manually.

Included with eligible M365 subscription
Paid Add-on · Enterprise

Microsoft 365 Copilot

Full AI integration embedded across Word, Excel, PowerPoint, Outlook, and Teams. Grounded in Microsoft GraphiMicrosoft Graph is the unified data layer connecting all M365 services — emails, SharePoint docs, Teams chats, calendars, and more. Copilot uses it to reason across your actual work data. — it understands your org's emails, documents, meetings, and calendar. Paid add-on on top of your existing M365 plan.

$30 / user / month · Enterprise and qualifying Business plans
Section 02 · What's Included

What each tier includes

A full breakdown across cost, AI capabilities, in-app integration, security, and governance.

🕸️

Key concept

What is Microsoft Graph?

Microsoft Graph is the unified data layer that connects all Microsoft 365 services. Think of it as the nervous system behind your Microsoft tenant — it provides a single API endpoint that gives authorised applications access to data across Outlook emails, SharePoint documents, OneDrive files, Teams conversations, calendar events, meetings, and user profiles.

When M365 Copilot is described as “grounded in Microsoft Graph,” it means Copilot can read and reason across your actual work data — not just the public internet. It knows that Sarah sent you a document last Tuesday, that you have a budget review meeting tomorrow, and that the Q2 report is stored on SharePoint. Crucially, it only surfaces data the signed-in user already has permission to access — it does not override your existing security policies.

Emails & calendarSharePoint & OneDriveTeams messagesPermission-aware — reads only what you can access
🚀

Key concept

What is the Microsoft 365 Frontier Program?

The Frontier Program is Microsoft's early-access tier for M365 Copilot, available to organisations with a standard M365 Copilot licence. It gives access to the latest capabilities before they roll out broadly — including new model options (like Claude), advanced agentic features, and preview integrations.

Features in the Frontier program are production-ready but not yet generally available. They are rolling out progressively and may have regional or admin prerequisites. Examples currently behind the Frontier gate include: Claude model switching in Copilot Chat, the Researcher agent, Agent Mode in Excel, and Copilot Cowork. Admins can enrol their organisation through the M365 Admin Center.

Requires: M365 Copilot licenceOpt-in via M365 Admin CenterProduction-ready, early access
FeatureCopilot ChatM365 Copilot
💰 Cost & Licensing
Monthly cost per userFree (included)$30/mo — Enterprise & Business plans
Required base planMinimum eligibilityAny M365 Business / Enterprise (E1+)E3, E5, Business Std/Premium, Office 365 E1/E3/E5
Works with E3
Works with E5Enhanced Purview compliance inherited✓ + E5 Purview features
Minimum seat requirementNoneNone (removed 2024)
🤖 AI Capabilities
Web-grounded AI chat
Work mode — Microsoft GraphiMicrosoft Graph is Microsoft's unified API connecting all M365 data — emails, docs, meetings, Teams. Copilot uses it to answer questions about your actual org data. accessReads emails, docs, meetings, Teams
Work IQMemory & org-context awareness
Researcher & Analyst agentsDeep reasoning via OpenAI o3 or Claude
Model choice (OpenAI / Claude) Frontier program
Copilot TuningOrg-specific fine-tuning
Image generation (Designer)
Copilot Pages
📱 In-App Integration
Copilot in Word
Copilot in ExcelData analysis, Python, Agent Mode
Copilot in PowerPoint
Copilot in Outlook
Copilot in TeamsMeeting summaries, 30-day chat recall
Copilot SearchCross-M365 + 3rd-party semantic search
🔒 Security & Compliance
Enterprise Data Protection (EDP)
Data stays within tenant
No training on your data
Purview / sensitivity label enforcement✓ (full on E5)
SharePoint Advanced Management✓ (included since 2025)
⚙️ Admin & Governance
IT admin controlsBasicFull controls
Copilot Dashboard (Viva Insights)
Copilot Analytics
Copilot Studio — custom agentsLite agents only✓ Full, included at no extra cost
Agent 365 — agent governance consoleGA May 1, 2026 · $15/user/month add-on · Included in E7Add-on ($15/mo)
Pay-as-you-go agents✓ (limited)✓ Full Copilot Studio
Section 03 · Licensing Detail

What E3 vs E5 changes about Copilot

This is the most commonly misunderstood aspect. The Copilot add-on costs the same on E3 and E5 — it's the compliance posture that changes.

Base plan determines compliance scope — not AI features

E3

Full Copilot feature set — standard security posture

All M365 Copilot capabilities: Work IQ, Graph grounding, in-app integration, Researcher, Copilot Studio, model choice. Purview features at E3 tier: basic retention policies, standard eDiscovery, sensitivity labels. SharePoint Advanced Management included.

E5

Same Copilot features + elevated compliance coverage

Identical Copilot AI capabilities as E3. Additionally, Copilot inherits E5's Purview capabilities: Insider Risk Management, Advanced eDiscovery (Premium), Information Barriers, Communication Compliance, and full sensitivity label enforcement within Copilot responses. Copilot still costs $30/user/month add-on.

Rule

Key principle: Copilot inherits the compliance posture of the base plan

The Copilot license does not change your compliance posture — your base M365 plan does. Upgrading from E3 to E5 for better governance is a separate budget decision from purchasing the Copilot add-on. Both decisions are independent.

Common Misconception #1

"We have E5 so we already have Copilot"

Incorrect. E5 includes advanced security and compliance tools, but M365 Copilot is always a separate paid add-on regardless of base plan tier. You must purchase the $30/user/month add-on explicitly.

Common Misconception #2

"Copilot Chat has weaker privacy"

Incorrect. Copilot Chat has full Enterprise Data Protection — it is not the consumer Copilot. Your prompts do not train models and data stays in your tenant. The limitation is functionality, not security.

Common Misconception #3

"You need 300+ seats to buy Copilot"

No longer true. Microsoft removed the minimum seat requirement in 2024. You can license a single user. Business plan SKUs are available for organisations under 300 users.

Important: True Cost

The $30 is never the total number

The Copilot add-on sits on top of your base plan. E3 (~$36) + Copilot = ~$66/user/month. E5 (~$57) + Copilot = ~$87/user/month. Add Agent 365 and you reach ~$102 — at which point E7 ($99) is cheaper and includes Entra Suite. Build the full stack before presenting a budget number.

Full cost stack — approximate monthly list price per user

ScenarioBase plan+ Copilot+ Agent 365Total
E3 + Copilot~$36$30~$66/user/mo
E5 + Copilot~$57$30~$87/user/mo
E5 + Copilot + Agent 365~$57$30$15~$102/user/mo ⚠
M365 E7 — all-in bundleE5 + Copilot + Agent 365 + Entra Suite$99/user/mo ✓

Approximate USD list prices. EA, volume, and regional discounts apply — verify against your agreement. The key data point: if you are on E5 and planning to add both Copilot and Agent 365, E7 is cheaper and adds Entra Suite on top.

Section 04 · Wave 3 · New SKUs

Two new SKUs — GA May 1, 2026

Microsoft Wave 3 (March 9, 2026) introduced Agent 365 and M365 E7. Both are designed to remove the main blockers to broad Copilot and agent deployment at scale.

Agent 365 and M365 E7 — what they are and who they're for

E7

M365 E7 — $99/user/month · All-in bundle

A new top-tier SKU that bundles M365 E5 + M365 Copilot + Agent 365 + Microsoft Entra Suite into a single licence. Designed for organisations that want enterprise AI, advanced security, identity governance, and agent management without managing separate add-ons. For large orgs already on E5 who were adding Copilot separately ($36 + $30 = $66), E7 at $99 adds Agent 365 and Entra Suite for $33 more.

A365

Agent 365 — $15/user/month · Standalone or included in E7

A dedicated control plane for managing AI agents across the organisation — deployment visibility, usage policies, approval workflows, audit trails, and spend controls for all deployed Copilot Studio agents. Addresses the governance gap that has been the primary objection to broad agent deployment. Available as a $15/user/month standalone add-on on top of M365 Copilot, or included in the E7 bundle.

Context

Today only ~3% of 450M M365 users have a Copilot licence

E7 removes the "Copilot is a separate procurement decision" friction for large enterprises on E5. Agent 365 directly addresses the IT governance concern that has kept many pilot programmes from scaling. Both are positioned to accelerate the remaining 97%.

Section 05 · Decision Guide

Which tier fits which situation

Three practical tests. The right answer depends on your permissions posture, user mix, and current licensing. The E7 card is the one most people miss.

Copilot Chat — start here when…

  • SharePoint permissions haven't been audited — Graph access exposes every overshared file, not just the ones you intend
  • The use case is drafting or research from pasted or public content, not querying internal org data
  • You need to build the internal ROI case with a named pilot cohort before a per-seat budget is visible to finance
  • Fewer than a third of target users are daily Outlook + Teams + Word users — the rest won't recover the $30/month

M365 Copilot — buy it when…

  • Users are in Outlook for 2+ hours/day — meeting summaries and email drafting alone typically recover 30–45 min/week per person
  • There are recurring reporting cycles (monthly reports, board packs, project status) that justify Word and Excel integration
  • You need to deploy persistent @mention agents via Copilot Studio — this requires the paid licence
  • SharePoint permissions are clean and you are ready to give AI access to internal documents, emails, and meeting history

E7 or Agent 365 — the maths forces the decision

  • You are on E5 and planning to add Copilot + Agent 365: ~$102/user/month. E7 is $99 and adds Entra Suite — the decision is arithmetic
  • IT has blocked broad agent rollout because there is no central visibility into which agents are deployed and what data they access
  • You need per-agent policy controls — data access scope, approval workflows, spend limits — before sign-off beyond a pilot
  • Microsoft Entra Suite (identity lifecycle, verified ID, governance) is already in your identity and access roadmap
Section 06 · Claude Inside Copilot

How Claude models appear within M365 Copilot

Anthropic's Claude is not a separate product to Copilot — it is now integrated as a model option within Copilot itself, available across several features from September 2025 onwards.

How it rolled out

September 24, 2025

Microsoft–Anthropic partnership — Claude arrives in Researcher & Copilot Studio

Claude Sonnet 4 and Opus 4 become available inside M365 Copilot. Initially opt-in only under Anthropic's own commercial terms. Available in the Researcher agent and as model options in Copilot Studio.

December 8, 2025

Admin toggle released — Anthropic moves to Microsoft subprocessor model

New toggle appears in M365 Admin Center. For most commercial cloud tenants: ON by default. EU / EFTA / UK: OFF by default, admin opt-in required. Government clouds (GCC, GCC High, DoD): not available, no FedRAMP certification.

January 7, 2026

Anthropic becomes active Microsoft subprocessor — Agent Mode in Excel enabled

Claude models now covered under Microsoft's Product Terms and DPA. No separate Anthropic agreement needed. Enterprise Data Protection applies. Claude Opus 4.5 becomes available in Agent Mode for Excel on the web. Model switcher appears in Copilot pane.

March 9, 2026 · Wave 3

Claude in mainline Copilot Chat & Copilot Cowork launches

Claude available in everyday Copilot Chat via the Frontier programiThe Frontier Program is Microsoft's early-access tier for M365 Copilot — production-ready features rolling out progressively to opted-in tenants.. Copilot Cowork launches — a cloud-based multi-step agentic layer built on Anthropic's Claude, running inside M365's security and governance framework.

Where Claude appears in Copilot today
Copilot Chat

Model switcher — OpenAI or Claude

Via the Frontier programiThe Frontier Program gives M365 Copilot licensees early access to new AI capabilities before general availability. Requires opt-in via M365 Admin Center., M365 Copilot licensed users can switch the underlying model in everyday Copilot Chat between OpenAI and Anthropic models. A UI indicator shows which model is active.

Available models: Claude Sonnet 4.6 (general queries) · Claude Opus 4.6 (structured reasoning).
Requires: M365 Copilot license + admin enabling Anthropic as subprocessor.

Copilot in Excel

Agent Mode — Claude for spreadsheets

Agent Mode in Excel supports a model picker between OpenAI and Claude. Available for the web version — formula generation, data analysis, error debugging, and direct edits with cell-level citations.

Copilot reads the live workbook including nested formulas and multi-tab dependencies. Makes edits while preserving formula logic, highlights every change with comments.
Requires: M365 Copilot or M365 Premium + Anthropic enabled by admin.

Researcher Agent

Claude for deep research and analysis

The Researcher agent — M365 Copilot's deep reasoning, multi-document analysis tool — can be powered by Claude Opus 4 as an alternative to OpenAI's reasoning models.

Best for: go-to-market strategy, quarterly reports, competitive analysis, multi-document synthesis.
Access: Frontier programiThe Frontier Program is Microsoft's early-access tier for progressive rollout of new M365 Copilot features. Requires M365 Copilot licence and admin enrolment., M365 Copilot licensed customers.

Copilot Studio

Build agents on Claude — model dropdown

Copilot Studio offers Claude Sonnet 4 and Opus 4 via a model dropdown in the agent builder. Mix models per step — Claude for reasoning, GPT for other tasks — within the same multi-agent system.

Fallback: If Anthropic is disabled, Claude-powered agents automatically revert to GPT-4o.
Available by default in most geographies from January 6, 2026.

Wave 3 · March 2026

Copilot Cowork — multi-step agentic execution

Copilot Cowork is Microsoft's cloud agentic layer built on Anthropic's Claude technology. Runs inside your M365 tenant — not locally — with full enterprise governance and access to the complete M365 data graph (Outlook, Teams, SharePoint, Excel, calendar).

Breaks complex tasks into multi-step plans executing over time. Progress is visible and steerable.
Status: Research Preview, March 2026. GA pricing not yet confirmed.

Admin & Compliance

What admins need to configure

Enable path: M365 Admin Center → Copilot → Settings → Data access → AI providers operating as Microsoft subprocessors → Anthropic.

Data routing: Covered by Microsoft's DPA and EDP — however, Claude processing runs on Anthropic's servers (AWS/GCP, US), not in Azure. Excluded from Microsoft's EU Data Boundary.
EU / EFTA / UK: OFF by default, must opt in.
GCC / DoD: Not available.

Key takeaways

Claude is inside M365 Copilot, not just alongside it. Model choice in Copilot Chat, Agent Mode in Excel, Researcher, Copilot Studio, and Copilot Cowork all support Anthropic's Claude. The “Claude vs Copilot” framing is outdated.
It may already be enabled in your tenant. For most commercial clouds (outside EU/UK/EFTA), Anthropic was enabled as a subprocessor by default on January 7, 2026. Check your M365 Admin Center → Copilot → Settings → Data access.
Model switching requires a paid M365 Copilot license. The Claude model picker in Copilot Chat and Excel is exclusive to commercial M365 Copilot subscribers. Free Copilot Chat users stay on the default model.

⚠️ Regional compliance note

EU / EFTA / UK tenants: Anthropic models are OFF by default and require deliberate admin opt-in. Because Claude processing occurs outside Azure and outside Microsoft's EU Data Boundary commitments, organisations subject to GDPR or strict data residency requirements should conduct a formal compliance assessment before enabling.
GCC / Government clouds: Anthropic models are not available. No toggle is present in the admin center.

Sources

  • Microsoft Learn · Microsoft 365 Copilot documentation
  • Microsoft 365 Blog · microsoft.com/microsoft-365/blog
  • Anthropic · anthropic.com/news
March 2026 · Wave 3 Edition
Mathieu Kessler · kesslernity.com

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