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AI Cloud·MSFT

Microsoft Corporation

NASDAQ · US

Operator of Azure, a hyperscale cloud platform selling GPU instances, AI supercomputing capacity, and Azure AI services.

AI relevance

Core AI cloud buyer and seller, with Azure capacity supporting enterprise AI workloads and major frontier-model partners.

AI Cloud Hyperscaler

Price

$379.40

Change

+0.49 (+0.13%)

Market cap

$2.82T

52w range

$356–$555

Exchange

NASDAQ

Country

Jason's Chips

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Price chart

MSFT market performance

Daily close for Microsoft Corporation

Latest close: $379.4
Range move: -$100.8 (-21.0%)
Range high: $542.1
Range low: $356.8
Latest volume: 59.7M
Source: FMP EOD

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Exports

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CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

82 rows

Available earnings-call transcript dates by fiscal year and quarter.

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StreetBuy

Analyst expectations

Consensus target

$551.96

+45.5%

Target range

$415.00 - $680.00

Rating mix

Buy

82 ratings

Next FY revenue

$329.44B

2026-06-30

Next FY EPS

$16.80

$16.68 - $16.87

Rating consensus82 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$329.44B	$328.91B - $330.28B	$16.80	$16.68 - $16.87	$172.58B	$144.91B	$125.24B	$44.84B	39 rev / 24 EPS
2027-06-30	$384.38B	$371.76B - $391.01B	$19.45	$18.41 - $20.51	$201.37B	$169.08B	$145.31B	$52.32B	41 rev / 31 EPS
2028-06-30	$454.60B	$454.04B - $455.15B	$22.82	$20.94 - $26.75	$238.15B	$199.96B	$169.85B	$61.88B	37 rev / 24 EPS
2029-06-30	$539.24B	$521.71B - $556.00B	$27.00	$25.86 - $28.09	$282.49B	$237.19B	$201.57B	$73.40B	18 rev / 21 EPS
2030-06-30	$651.06B	$629.90B - $671.29B	$33.34	$31.94 - $34.69	$341.07B	$286.38B	$248.92B	$88.62B	25 rev / 13 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$87.61B	$87.20B - $88.48B	$4.24	$4.10 - $4.62	$45.90B	$38.54B	$31.57B	$11.93B	27 rev / 23 EPS
2026-09-30	$89.74B	$88.01B - $90.68B	$4.64	$4.48 - $4.90	$47.01B	$39.47B	$34.56B	$12.21B	23 rev / 20 EPS
2026-12-31	$94.34B	$92.80B - $96.57B	$4.78	$4.68 - $4.93	$49.42B	$41.50B	$35.61B	$12.84B	11 rev / 10 EPS
2027-03-31	$96.71B	$95.13B - $98.99B	$4.86	$4.76 - $5.01	$50.67B	$42.54B	$36.21B	$13.16B	17 rev / 10 EPS
2027-06-30	$102.64B	$100.96B - $105.06B	$5.10	$4.99 - $5.25	$53.77B	$45.15B	$37.93B	$13.97B	17 rev / 9 EPS
2027-09-30	$105.90B	$104.16B - $108.39B	$5.40	$5.29 - $5.57	$55.48B	$46.58B	$40.21B	$14.41B	18 rev / 9 EPS
2027-12-31	$111.32B	$109.49B - $113.94B	$5.59	$5.47 - $5.76	$58.32B	$48.97B	$41.64B	$15.15B	20 rev / 10 EPS
2028-03-31	$113.43B	$111.57B - $116.10B	$5.77	$5.65 - $5.95	$59.42B	$49.89B	$42.97B	$15.44B	11 rev / 11 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	16	$545.44
Last year	71	$592.37
All time	250	$441.96

Sources: TheFly, StreetInsider, Benzinga, TipRanks Contributor, Pulse 2.0, MarketWatch, Barrons, TheStreet

Latest grade actions

Date	Firm	Action	Previous	New
2026-06-04	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-06-04	Citizens	Maintain	Market Outperform	Market Outperform
2026-06-04	TD Cowen	Maintain	Buy	Buy
2026-06-01	Wells Fargo	Maintain	Overweight	Overweight
2026-05-13	Wedbush	Maintain	Outperform	Outperform
2026-05-06	Tigress Financial	Maintain	Buy	Buy
2026-05-01	Stifel	Maintain	Hold	Hold
2026-04-30	Piper Sandler	Maintain	Overweight	Overweight

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-06-01	13	40	3
2026-05-01	12	42	3
2026-04-01	10	45	3
2026-03-01	10	45	3
2026-02-01	12	45	3
2026-01-01	12	45	2
2025-12-01	12	44	2
2025-11-01	12	46	1

FinancialsFY 2025

Financials

Revenue

$281.72B

Gross margin

68.8%

Operating income

$128.53B

Free cash flow

$71.61B

Cash + ST investments

$94.56B

Net debt

$81.94B

ROE

29.6%

ROIC

21.6%

EV / sales

13.4x

EV / EBITDA

23.6x

R&D / revenue

11.5%

Current ratio

1.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$281.72B	$193.89B	68.8%	$32.49B	$128.53B	$160.16B	$101.83B	$13.70
FY 2024	$245.12B	$171.01B	69.8%	$29.51B	$109.43B	$133.01B	$88.14B	$11.86
FY 2023	$211.91B	$146.05B	68.9%	$27.20B	$88.52B	$105.14B	$72.36B	$9.72
FY 2022	$198.27B	$135.62B	68.4%	$24.51B	$83.38B	$100.24B	$72.74B	$9.70
FY 2021	$168.09B	$115.86B	68.9%	$20.72B	$69.92B	$85.13B	$61.27B	$8.12
FY 2020	$143.01B	$96.94B	67.8%	$19.27B	$52.96B	$68.42B	$44.28B	$5.82
FY 2019	$125.84B	$82.93B	65.9%	$16.88B	$42.96B	$58.06B	$39.24B	$5.11
FY 2018	$110.36B	$72.01B	65.2%	$14.73B	$35.06B	$49.47B	$16.57B	$2.15
FY 2017	$96.57B	$62.31B	64.5%	$13.04B	$29.02B	$40.90B	$25.49B	$3.29
FY 2016	$91.15B	$58.37B	64.0%	$11.99B	$26.08B	$33.50B	$20.54B	$2.12
FY 2015	$93.58B	$60.54B	64.7%	$12.05B	$18.16B	$25.25B	$12.19B	$1.49
FY 2014	$86.83B	$59.76B	68.8%	$11.38B	$27.76B	$33.63B	$22.07B	$2.66

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$136.16B	$64.55B	$71.61B
FY 2024	$118.55B	$44.48B	$74.07B
FY 2023	$87.58B	$28.11B	$59.48B
FY 2022	$89.03B	$23.89B	$65.15B
FY 2021	$76.74B	$20.62B	$56.12B
FY 2020	$60.67B	$15.44B	$45.23B
FY 2019	$52.19B	$13.93B	$38.26B
FY 2018	$43.88B	$11.63B	$32.25B
FY 2017	$39.51B	$8.13B	$31.38B
FY 2016	$33.33B	$8.34B	$24.98B
FY 2015	$29.67B	$5.94B	$23.72B
FY 2014	$32.50B	$5.49B	$27.02B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$94.56B	$69.91B	$938.0M	$229.79B	$619.00B	$112.18B	$81.94B	$275.52B	$343.48B
FY 2024	$75.53B	$56.92B	$1.25B	$154.55B	$512.16B	$97.85B	$79.54B	$243.69B	$268.48B
FY 2023	$111.26B	$48.69B	$2.50B	$109.99B	$411.98B	$79.44B	$44.74B	$205.75B	$206.22B
FY 2022	$104.75B	$44.26B	$3.74B	$87.55B	$364.84B	$78.40B	$64.47B	$198.30B	$166.54B
FY 2021	$130.26B	$38.04B	$2.64B	$70.80B	$333.78B	$82.28B	$68.05B	$191.79B	$141.99B
FY 2020	$136.53B	$32.01B	$1.90B	$52.90B	$301.31B	$82.11B	$68.53B	$183.01B	$118.30B
FY 2019	$133.82B	$29.52B	$2.06B	$43.86B	$286.56B	$86.45B	$75.10B	$184.23B	$102.33B
FY 2018	$133.77B	$26.48B	$2.66B	$36.15B	$258.85B	$87.51B	$75.56B	$176.13B	$82.72B
FY 2017	$132.98B	$22.43B	$2.18B	$30.29B	$250.31B	$95.53B	$87.86B	$162.60B	$87.71B
FY 2016	$113.24B	$18.28B	$2.25B	$18.36B	$193.47B	$54.25B	$47.74B	$121.47B	$72.00B
FY 2015	$96.53B	$17.91B	$2.90B	$14.73B	$174.47B	$35.29B	$29.70B	$94.39B	$80.08B
FY 2014	$85.71B	$19.54B	$2.66B	$13.01B	$172.38B	$22.64B	$13.98B	$82.60B	$89.78B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	68.8%	45.6%	36.1%	1.4x	1.3x	29.6%	21.6%	13.4x	23.6x	1.9%	11.5%	-21d
FY 2024	69.8%	44.6%	36.0%	1.3x	1.3x	32.8%	22.3%	14.2x	26.1x	2.2%	12.0%	-17d
FY 2023	68.9%	41.8%	34.1%	1.8x	1.7x	35.1%	22.6%	12.2x	24.5x	2.3%	12.8%	-3d
FY 2022	68.4%	42.1%	36.7%	1.8x	1.7x	43.7%	26.3%	10.0x	19.8x	3.4%	12.4%	-7d
FY 2021	68.9%	41.6%	36.5%	2.1x	2.1x	43.2%	23.5%	12.6x	24.8x	2.7%	12.3%	-5d
FY 2020	67.8%	37.0%	31.0%	2.5x	2.5x	37.4%	18.8%	11.3x	23.6x	2.9%	13.5%	-3d
FY 2019	65.9%	34.1%	31.2%	2.5x	2.5x	38.3%	17.2%	8.9x	19.2x	3.7%	13.4%	23d
FY 2018	65.2%	31.8%	15.0%	2.9x	2.9x	20.0%	7.7%	7.6x	16.9x	4.2%	13.3%	31d
FY 2017	64.5%	30.1%	26.4%	2.9x	2.9x	29.1%	12.0%	6.4x	15.2x	5.9%	13.5%	29d
FY 2016	64.0%	28.6%	22.5%	2.4x	2.3x	28.5%	14.2%	5.0x	13.5x	6.2%	13.2%	21d
FY 2015	64.7%	19.4%	13.0%	2.5x	2.4x	15.2%	9.0%	4.2x	15.5x	6.6%	12.9%	29d
FY 2014	68.8%	32.0%	25.4%	2.5x	2.4x	24.6%	17.1%	4.1x	10.7x	7.8%	13.1%	18d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+14.9%	+13.4%	+10.1%	+17.4%	+15.5%	+15.5%	-3.3%	-45.1%	+25.2%	-24.7%	+20.9%	+14.6%
FY 2024	+15.7%	+17.1%	+8.5%	+23.6%	+21.8%	+22.0%	+24.5%	-58.2%	-32.1%	-50.2%	+24.3%	+23.2%
FY 2023	+6.9%	+7.7%	+10.9%	+6.2%	-0.5%	+0.2%	-8.7%	-17.7%	+6.2%	-33.2%	+12.9%	+1.3%
FY 2022	+18.0%	+17.1%	+18.3%	+19.3%	+18.7%	+19.5%	+16.1%	-15.8%	-19.6%	+42.0%	+9.3%	-4.7%
FY 2021	+17.5%	+19.5%	+7.5%	+32.0%	+38.4%	+39.5%	+24.1%	-33.6%	-4.6%	+39.1%	+10.8%	+0.2%
FY 2020	+13.6%	+16.9%	+14.2%	+23.3%	+12.8%	+13.9%	+18.2%	-10.9%	+2.0%	-8.1%	+5.1%	-5.0%
FY 2019	+14.0%	+15.2%	+14.6%	+22.5%	+136.8%	+137.7%	+18.6%	-19.7%	+0.0%	-22.5%	+10.7%	-1.2%
FY 2018	+14.3%	+15.6%	+13.0%	+20.8%	-35.0%	-34.7%	+2.8%	-43.1%	+0.6%	+22.1%	+3.4%	-8.4%
FY 2017	+5.9%	+6.7%	+8.8%	+11.3%	+24.1%	+55.2%	+25.6%	+2.6%	+17.4%	-3.1%	+29.4%	+76.1%
FY 2016	-2.6%	-3.6%	-0.5%	+43.6%	+68.4%	+42.3%	+5.3%	-40.4%	+17.3%	-22.4%	+10.9%	+53.7%
FY 2015	+7.8%	+1.3%	+5.8%	-34.6%	-44.8%	-44.0%	-12.2%	-8.4%	+12.6%	+9.1%	+1.2%	+55.8%
FY 2014	+11.5%	+4.0%	+9.3%	+3.7%	+1.0%	+1.9%	+9.9%	-28.8%	+11.3%	+37.3%	+21.0%	+45.2%

SegmentsFY 2025

Revenue Mix

Period	Total	UNITED STATES	Non Us
FY 2025	$281.72B	$144.55B	$137.18B
FY 2024	$245.12B	$124.70B	$120.42B
FY 2023	$211.91B	$106.74B	$105.17B
FY 2022	$198.27B	$100.22B	$98.05B
FY 2021	$168.09B	$83.95B	$84.14B
FY 2020	$143.01B	$73.16B	$69.86B
FY 2019	$125.84B	$64.20B	$61.64B
FY 2018	$110.36B	$55.93B	$54.43B
FY 2017	$89.95B	$45.25B	$44.70B
FY 2016	$85.32B	$40.58B	$44.74B
FY 2015	$93.58B	$42.94B	$50.64B
FY 2014	$86.83B	$43.47B	$43.36B

Transcripts

Events

Next earnings

2026-07-29EPS est $4.21

Recent filings

42026-06-16
42026-06-15
42026-06-12

Latest news

Bronstein, Gewirtz & Grossman LLC Urges Microsoft Corporation Investors to Act: Class Action Filed Alleging Investor Harm
GlobeNewsWire · 2026-06-21
Microsoft: Market Is Missing The Big Picture
Seeking Alpha · 2026-06-21

Analyst expectations

Consensus target

$551.96

+45.5%

Target range

$415.00 - $680.00

Rating mix

Buy

82 ratings

Next FY revenue

$329.44B

2026-06-30

Next FY EPS

$16.80

$16.68 - $16.87

Rating consensus82 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$329.44B	$328.91B - $330.28B	$16.80	$16.68 - $16.87	$172.58B	$144.91B	$125.24B	$44.84B	39 rev / 24 EPS
2027-06-30	$384.38B	$371.76B - $391.01B	$19.45	$18.41 - $20.51	$201.37B	$169.08B	$145.31B	$52.32B	41 rev / 31 EPS
2028-06-30	$454.60B	$454.04B - $455.15B	$22.82	$20.94 - $26.75	$238.15B	$199.96B	$169.85B	$61.88B	37 rev / 24 EPS
2029-06-30	$539.24B	$521.71B - $556.00B	$27.00	$25.86 - $28.09	$282.49B	$237.19B	$201.57B	$73.40B	18 rev / 21 EPS
2030-06-30	$651.06B	$629.90B - $671.29B	$33.34	$31.94 - $34.69	$341.07B	$286.38B	$248.92B	$88.62B	25 rev / 13 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$87.61B	$87.20B - $88.48B	$4.24	$4.10 - $4.62	$45.90B	$38.54B	$31.57B	$11.93B	27 rev / 23 EPS
2026-09-30	$89.74B	$88.01B - $90.68B	$4.64	$4.48 - $4.90	$47.01B	$39.47B	$34.56B	$12.21B	23 rev / 20 EPS
2026-12-31	$94.34B	$92.80B - $96.57B	$4.78	$4.68 - $4.93	$49.42B	$41.50B	$35.61B	$12.84B	11 rev / 10 EPS
2027-03-31	$96.71B	$95.13B - $98.99B	$4.86	$4.76 - $5.01	$50.67B	$42.54B	$36.21B	$13.16B	17 rev / 10 EPS
2027-06-30	$102.64B	$100.96B - $105.06B	$5.10	$4.99 - $5.25	$53.77B	$45.15B	$37.93B	$13.97B	17 rev / 9 EPS
2027-09-30	$105.90B	$104.16B - $108.39B	$5.40	$5.29 - $5.57	$55.48B	$46.58B	$40.21B	$14.41B	18 rev / 9 EPS
2027-12-31	$111.32B	$109.49B - $113.94B	$5.59	$5.47 - $5.76	$58.32B	$48.97B	$41.64B	$15.15B	20 rev / 10 EPS
2028-03-31	$113.43B	$111.57B - $116.10B	$5.77	$5.65 - $5.95	$59.42B	$49.89B	$42.97B	$15.44B	11 rev / 11 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	16	$545.44
Last year	71	$592.37
All time	250	$441.96

Sources: TheFly, StreetInsider, Benzinga, TipRanks Contributor, Pulse 2.0, MarketWatch, Barrons, TheStreet

Latest grade actions

Date	Firm	Action	Previous	New
2026-06-04	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-06-04	Citizens	Maintain	Market Outperform	Market Outperform
2026-06-04	TD Cowen	Maintain	Buy	Buy
2026-06-01	Wells Fargo	Maintain	Overweight	Overweight
2026-05-13	Wedbush	Maintain	Outperform	Outperform
2026-05-06	Tigress Financial	Maintain	Buy	Buy
2026-05-01	Stifel	Maintain	Hold	Hold
2026-04-30	Piper Sandler	Maintain	Overweight	Overweight

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-06-01	13	40	3
2026-05-01	12	42	3
2026-04-01	10	45	3
2026-03-01	10	45	3
2026-02-01	12	45	3
2026-01-01	12	45	2
2025-12-01	12	44	2
2025-11-01	12	46	1

Financials

Revenue

$281.72B

Gross margin

68.8%

Operating income

$128.53B

Free cash flow

$71.61B

Cash + ST investments

$94.56B

Net debt

$81.94B

ROE

29.6%

ROIC

21.6%

EV / sales

13.4x

EV / EBITDA

23.6x

R&D / revenue

11.5%

Current ratio

1.4x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$281.72B	$193.89B	68.8%	$32.49B	$128.53B	$160.16B	$101.83B	$13.70
FY 2024	$245.12B	$171.01B	69.8%	$29.51B	$109.43B	$133.01B	$88.14B	$11.86
FY 2023	$211.91B	$146.05B	68.9%	$27.20B	$88.52B	$105.14B	$72.36B	$9.72
FY 2022	$198.27B	$135.62B	68.4%	$24.51B	$83.38B	$100.24B	$72.74B	$9.70
FY 2021	$168.09B	$115.86B	68.9%	$20.72B	$69.92B	$85.13B	$61.27B	$8.12
FY 2020	$143.01B	$96.94B	67.8%	$19.27B	$52.96B	$68.42B	$44.28B	$5.82
FY 2019	$125.84B	$82.93B	65.9%	$16.88B	$42.96B	$58.06B	$39.24B	$5.11
FY 2018	$110.36B	$72.01B	65.2%	$14.73B	$35.06B	$49.47B	$16.57B	$2.15
FY 2017	$96.57B	$62.31B	64.5%	$13.04B	$29.02B	$40.90B	$25.49B	$3.29
FY 2016	$91.15B	$58.37B	64.0%	$11.99B	$26.08B	$33.50B	$20.54B	$2.12
FY 2015	$93.58B	$60.54B	64.7%	$12.05B	$18.16B	$25.25B	$12.19B	$1.49
FY 2014	$86.83B	$59.76B	68.8%	$11.38B	$27.76B	$33.63B	$22.07B	$2.66

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$136.16B	$64.55B	$71.61B
FY 2024	$118.55B	$44.48B	$74.07B
FY 2023	$87.58B	$28.11B	$59.48B
FY 2022	$89.03B	$23.89B	$65.15B
FY 2021	$76.74B	$20.62B	$56.12B
FY 2020	$60.67B	$15.44B	$45.23B
FY 2019	$52.19B	$13.93B	$38.26B
FY 2018	$43.88B	$11.63B	$32.25B
FY 2017	$39.51B	$8.13B	$31.38B
FY 2016	$33.33B	$8.34B	$24.98B
FY 2015	$29.67B	$5.94B	$23.72B
FY 2014	$32.50B	$5.49B	$27.02B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$94.56B	$69.91B	$938.0M	$229.79B	$619.00B	$112.18B	$81.94B	$275.52B	$343.48B
FY 2024	$75.53B	$56.92B	$1.25B	$154.55B	$512.16B	$97.85B	$79.54B	$243.69B	$268.48B
FY 2023	$111.26B	$48.69B	$2.50B	$109.99B	$411.98B	$79.44B	$44.74B	$205.75B	$206.22B
FY 2022	$104.75B	$44.26B	$3.74B	$87.55B	$364.84B	$78.40B	$64.47B	$198.30B	$166.54B
FY 2021	$130.26B	$38.04B	$2.64B	$70.80B	$333.78B	$82.28B	$68.05B	$191.79B	$141.99B
FY 2020	$136.53B	$32.01B	$1.90B	$52.90B	$301.31B	$82.11B	$68.53B	$183.01B	$118.30B
FY 2019	$133.82B	$29.52B	$2.06B	$43.86B	$286.56B	$86.45B	$75.10B	$184.23B	$102.33B
FY 2018	$133.77B	$26.48B	$2.66B	$36.15B	$258.85B	$87.51B	$75.56B	$176.13B	$82.72B
FY 2017	$132.98B	$22.43B	$2.18B	$30.29B	$250.31B	$95.53B	$87.86B	$162.60B	$87.71B
FY 2016	$113.24B	$18.28B	$2.25B	$18.36B	$193.47B	$54.25B	$47.74B	$121.47B	$72.00B
FY 2015	$96.53B	$17.91B	$2.90B	$14.73B	$174.47B	$35.29B	$29.70B	$94.39B	$80.08B
FY 2014	$85.71B	$19.54B	$2.66B	$13.01B	$172.38B	$22.64B	$13.98B	$82.60B	$89.78B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	68.8%	45.6%	36.1%	1.4x	1.3x	29.6%	21.6%	13.4x	23.6x	1.9%	11.5%	-21d
FY 2024	69.8%	44.6%	36.0%	1.3x	1.3x	32.8%	22.3%	14.2x	26.1x	2.2%	12.0%	-17d
FY 2023	68.9%	41.8%	34.1%	1.8x	1.7x	35.1%	22.6%	12.2x	24.5x	2.3%	12.8%	-3d
FY 2022	68.4%	42.1%	36.7%	1.8x	1.7x	43.7%	26.3%	10.0x	19.8x	3.4%	12.4%	-7d
FY 2021	68.9%	41.6%	36.5%	2.1x	2.1x	43.2%	23.5%	12.6x	24.8x	2.7%	12.3%	-5d
FY 2020	67.8%	37.0%	31.0%	2.5x	2.5x	37.4%	18.8%	11.3x	23.6x	2.9%	13.5%	-3d
FY 2019	65.9%	34.1%	31.2%	2.5x	2.5x	38.3%	17.2%	8.9x	19.2x	3.7%	13.4%	23d
FY 2018	65.2%	31.8%	15.0%	2.9x	2.9x	20.0%	7.7%	7.6x	16.9x	4.2%	13.3%	31d
FY 2017	64.5%	30.1%	26.4%	2.9x	2.9x	29.1%	12.0%	6.4x	15.2x	5.9%	13.5%	29d
FY 2016	64.0%	28.6%	22.5%	2.4x	2.3x	28.5%	14.2%	5.0x	13.5x	6.2%	13.2%	21d
FY 2015	64.7%	19.4%	13.0%	2.5x	2.4x	15.2%	9.0%	4.2x	15.5x	6.6%	12.9%	29d
FY 2014	68.8%	32.0%	25.4%	2.5x	2.4x	24.6%	17.1%	4.1x	10.7x	7.8%	13.1%	18d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+14.9%	+13.4%	+10.1%	+17.4%	+15.5%	+15.5%	-3.3%	-45.1%	+25.2%	-24.7%	+20.9%	+14.6%
FY 2024	+15.7%	+17.1%	+8.5%	+23.6%	+21.8%	+22.0%	+24.5%	-58.2%	-32.1%	-50.2%	+24.3%	+23.2%
FY 2023	+6.9%	+7.7%	+10.9%	+6.2%	-0.5%	+0.2%	-8.7%	-17.7%	+6.2%	-33.2%	+12.9%	+1.3%
FY 2022	+18.0%	+17.1%	+18.3%	+19.3%	+18.7%	+19.5%	+16.1%	-15.8%	-19.6%	+42.0%	+9.3%	-4.7%
FY 2021	+17.5%	+19.5%	+7.5%	+32.0%	+38.4%	+39.5%	+24.1%	-33.6%	-4.6%	+39.1%	+10.8%	+0.2%
FY 2020	+13.6%	+16.9%	+14.2%	+23.3%	+12.8%	+13.9%	+18.2%	-10.9%	+2.0%	-8.1%	+5.1%	-5.0%
FY 2019	+14.0%	+15.2%	+14.6%	+22.5%	+136.8%	+137.7%	+18.6%	-19.7%	+0.0%	-22.5%	+10.7%	-1.2%
FY 2018	+14.3%	+15.6%	+13.0%	+20.8%	-35.0%	-34.7%	+2.8%	-43.1%	+0.6%	+22.1%	+3.4%	-8.4%
FY 2017	+5.9%	+6.7%	+8.8%	+11.3%	+24.1%	+55.2%	+25.6%	+2.6%	+17.4%	-3.1%	+29.4%	+76.1%
FY 2016	-2.6%	-3.6%	-0.5%	+43.6%	+68.4%	+42.3%	+5.3%	-40.4%	+17.3%	-22.4%	+10.9%	+53.7%
FY 2015	+7.8%	+1.3%	+5.8%	-34.6%	-44.8%	-44.0%	-12.2%	-8.4%	+12.6%	+9.1%	+1.2%	+55.8%
FY 2014	+11.5%	+4.0%	+9.3%	+3.7%	+1.0%	+1.9%	+9.9%	-28.8%	+11.3%	+37.3%	+21.0%	+45.2%

Revenue Mix

Period	Total	Server Products And Cloud Services	Office Products And Cloud Services	Windows	Gaming	Linked In Corporation	Microsoft Three Six Five Commercial Products And Cloud Services	Search Advertising	Commercial Licensing	Enterprise Services	Devices	More Personal Computing	Devices and Consumer Licensing	Productivity And Business Processes	Intelligent Cloud	Other Products And Services	Commercial Other	Devices and Consumer Other	Dynamics Products And Cloud Services	Devices And Consumer Hardware	Computing and Gaming Hardware	Phone Hardware	Microsoft Three Six Five Consumer Products and Cloud Services	Dynamics	Corporate and Other
FY 2025	$281.72B	$98.44B	--	$17.31B	$23.45B	$17.81B	$87.77B	$13.88B	--	$7.76B	--	--	--	--	--	$72.0M	--	--	$7.83B	--	--	--	$7.40B	--	--
FY 2024	$245.12B	$97.73B	$54.88B	$23.24B	$21.50B	$16.37B	--	$12.58B	--	$7.59B	$4.71B	--	--	--	--	$45.0M	--	--	$6.48B	--	--	--	--	--	--
FY 2023	$211.91B	$79.97B	$48.73B	$21.51B	$15.47B	$15.14B	--	$12.21B	--	$7.72B	$5.52B	--	--	--	--	$211.0M	--	--	--	--	--	--	--	$5.44B	--
FY 2022	$198.27B	$67.32B	$44.86B	$24.76B	$16.23B	$13.82B	--	$11.59B	--	$7.41B	$6.99B	--	--	--	--	$5.29B	--	--	--	--	--	--	--	--	--
FY 2021	$168.09B	$52.59B	$39.87B	$23.23B	$15.37B	$10.29B	--	$8.53B	--	$6.94B	$6.79B	--	--	--	--	$4.48B	--	--	--	--	--	--	--	--	--
FY 2020	$143.01B	$41.38B	$35.32B	$22.29B	$11.57B	$8.08B	--	$7.74B	--	$6.41B	$6.46B	--	--	--	--	$3.77B	--	--	--	--	--	--	--	--	--
FY 2019	$125.84B	$32.62B	$31.77B	$20.39B	$11.39B	$6.75B	--	$7.63B	--	$6.12B	$6.09B	--	--	--	--	$3.07B	--	--	--	--	--	--	--	--	--
FY 2018	$110.36B	$26.13B	$28.32B	$19.52B	$10.35B	$5.26B	--	$7.01B	--	$5.85B	$5.13B	--	--	--	--	$2.79B	--	--	--	--	--	--	--	--	--
FY 2017	$96.57B	$21.65B	$25.57B	$18.59B	$9.05B	$2.27B	--	$6.22B	--	$5.54B	$5.06B	--	--	--	--	$2.61B	--	--	--	--	--	--	--	--	--
FY 2016	$91.15B	--	--	--	--	--	--	--	--	--	--	$40.41B	--	$25.79B	$24.95B	--	--	--	--	--	--	--	--	--	--
FY 2015	$93.58B	--	--	--	--	--	--	--	$41.04B	--	--	--	$14.97B	--	--	--	$10.84B	$8.82B	--	--	$10.18B	$7.52B	--	--	$204.0M
FY 2014	$86.83B	--	--	--	--	--	--	--	$42.03B	--	--	--	$18.80B	--	--	--	$7.55B	$7.26B	--	$11.61B	--	--	--	--	-$415.0M

Period	Total	Server Products And Cloud Services	Office Products And Cloud Services	Windows	Gaming	Linked In Corporation	Microsoft Three Six Five Commercial Products And Cloud Services	Search Advertising	Commercial Licensing	Enterprise Services	Devices	More Personal Computing	Devices and Consumer Licensing	Productivity And Business Processes	Intelligent Cloud	Other Products And Services	Commercial Other	Devices and Consumer Other	Dynamics Products And Cloud Services	Devices And Consumer Hardware	Computing and Gaming Hardware	Phone Hardware	Microsoft Three Six Five Consumer Products and Cloud Services	Dynamics	Corporate and Other
FY 2025	$281.72B	$98.44B	--	$17.31B	$23.45B	$17.81B	$87.77B	$13.88B	--	$7.76B	--	--	--	--	--	$72.0M	--	--	$7.83B	--	--	--	$7.40B	--	--
FY 2024	$245.12B	$97.73B	$54.88B	$23.24B	$21.50B	$16.37B	--	$12.58B	--	$7.59B	$4.71B	--	--	--	--	$45.0M	--	--	$6.48B	--	--	--	--	--	--
FY 2023	$211.91B	$79.97B	$48.73B	$21.51B	$15.47B	$15.14B	--	$12.21B	--	$7.72B	$5.52B	--	--	--	--	$211.0M	--	--	--	--	--	--	--	$5.44B	--
FY 2022	$198.27B	$67.32B	$44.86B	$24.76B	$16.23B	$13.82B	--	$11.59B	--	$7.41B	$6.99B	--	--	--	--	$5.29B	--	--	--	--	--	--	--	--	--
FY 2021	$168.09B	$52.59B	$39.87B	$23.23B	$15.37B	$10.29B	--	$8.53B	--	$6.94B	$6.79B	--	--	--	--	$4.48B	--	--	--	--	--	--	--	--	--
FY 2020	$143.01B	$41.38B	$35.32B	$22.29B	$11.57B	$8.08B	--	$7.74B	--	$6.41B	$6.46B	--	--	--	--	$3.77B	--	--	--	--	--	--	--	--	--
FY 2019	$125.84B	$32.62B	$31.77B	$20.39B	$11.39B	$6.75B	--	$7.63B	--	$6.12B	$6.09B	--	--	--	--	$3.07B	--	--	--	--	--	--	--	--	--
FY 2018	$110.36B	$26.13B	$28.32B	$19.52B	$10.35B	$5.26B	--	$7.01B	--	$5.85B	$5.13B	--	--	--	--	$2.79B	--	--	--	--	--	--	--	--	--
FY 2017	$96.57B	$21.65B	$25.57B	$18.59B	$9.05B	$2.27B	--	$6.22B	--	$5.54B	$5.06B	--	--	--	--	$2.61B	--	--	--	--	--	--	--	--	--
FY 2016	$91.15B	--	--	--	--	--	--	--	--	--	--	$40.41B	--	$25.79B	$24.95B	--	--	--	--	--	--	--	--	--	--
FY 2015	$93.58B	--	--	--	--	--	--	--	$41.04B	--	--	--	$14.97B	--	--	--	$10.84B	$8.82B	--	--	$10.18B	$7.52B	--	--	$204.0M
FY 2014	$86.83B	--	--	--	--	--	--	--	$42.03B	--	--	--	$18.80B	--	--	--	$7.55B	$7.26B	--	$11.61B	--	--	--	--	-$415.0M