MSFT
Microsoft Corporation
NASDAQ: MSFT · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$407.78
-3.93% today
Updated 2026-04-29
Market cap
$3.16T
P/E ratio
26.59
P/S ratio
10.33x
EPS (TTM)
$15.97
Dividend yield
0.84%
52W range
$356 – $552
Volume
33.7M
Microsoft Corporation (MSFT) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.28B | $51.12B | $60.42B | $58.44B | $62.48B | $69.94B | $73.72B | $77.85B | $86.83B | $93.58B | $91.15B | $96.57B | $110.36B | $125.84B | $143.01B | $168.09B | $198.27B | $211.91B | $245.12B | $281.72B |
| Revenue growth (YoY) | — | +15.4% | +18.2% | -3.3% | +6.9% | +11.9% | +5.4% | +5.6% | +11.5% | +7.8% | -2.6% | +5.9% | +14.3% | +14.0% | +13.6% | +17.5% | +18.0% | +6.9% | +15.7% | +14.9% |
| Cost of revenue | $7.65B | $10.69B | $11.60B | $12.15B | $12.39B | $15.58B | $17.53B | $20.39B | $27.08B | $33.04B | $32.78B | $34.26B | $38.35B | $42.91B | $46.08B | $52.23B | $62.65B | $65.86B | $74.11B | $87.83B |
| Gross profit | $36.63B | $40.43B | $48.82B | $46.28B | $50.09B | $54.37B | $56.19B | $57.46B | $59.76B | $60.54B | $58.37B | $62.31B | $72.01B | $82.93B | $96.94B | $115.86B | $135.62B | $146.05B | $171.01B | $193.89B |
| Gross margin | 82.7% | 79.1% | 80.8% | 79.2% | 80.2% | 77.7% | 76.2% | 73.8% | 68.8% | 64.7% | 64.0% | 64.5% | 65.2% | 65.9% | 67.8% | 68.9% | 68.4% | 68.9% | 69.8% | 68.8% |
| R&D | $6.58B | $7.12B | $8.16B | $9.01B | $8.71B | $9.04B | $9.81B | $10.41B | $11.38B | $12.05B | $11.99B | $13.04B | $14.73B | $16.88B | $19.27B | $20.72B | $24.51B | $27.20B | $29.51B | $32.49B |
| SG&A | $3.76B | $3.33B | $5.13B | $4.03B | $4.06B | $4.22B | $4.57B | $5.01B | $4.68B | $4.61B | $4.56B | $4.48B | $4.75B | $4.88B | $5.11B | $5.11B | $5.90B | $7.58B | $7.61B | $7.22B |
| Operating income | $16.47B | $18.44B | $22.27B | $20.36B | $24.10B | $27.16B | $21.76B | $26.76B | $27.76B | $18.16B | $26.08B | $29.02B | $35.06B | $42.96B | $52.96B | $69.92B | $83.38B | $88.52B | $109.43B | $128.53B |
| Operating margin | 37.2% | 36.1% | 36.9% | 34.8% | 38.6% | 38.8% | 29.5% | 34.4% | 32.0% | 19.4% | 28.6% | 30.1% | 31.8% | 34.1% | 37.0% | 41.6% | 42.1% | 41.8% | 44.6% | 45.6% |
| EBITDA | $17.38B | $19.88B | $25.98B | $22.42B | $27.84B | $31.13B | $25.61B | $31.24B | $33.63B | $25.25B | $33.50B | $40.90B | $49.47B | $58.06B | $68.42B | $85.13B | $100.24B | $105.14B | $133.01B | $160.16B |
| EBITDA margin | 39.2% | 38.9% | 43.0% | 38.4% | 44.6% | 44.5% | 34.7% | 40.1% | 38.7% | 27.0% | 36.8% | 42.4% | 44.8% | 46.1% | 47.8% | 50.6% | 50.6% | 49.6% | 54.3% | 56.9% |
| EBIT | $16.47B | $18.44B | $23.92B | $19.86B | $25.16B | $28.37B | $22.65B | $27.48B | $28.42B | $19.29B | $26.88B | $32.12B | $39.21B | $46.37B | $55.63B | $73.45B | $85.78B | $91.28B | $110.72B | $126.01B |
| Interest expense | $0.00 | $0.00 | $106.00M | $38.00M | $151.00M | $295.00M | $380.00M | $429.00M | $597.00M | $781.00M | $1.24B | $2.22B | $2.73B | $2.69B | $2.59B | $2.35B | $2.06B | $1.97B | $2.94B | $2.38B |
| Income tax | $5.66B | $6.04B | $6.13B | $5.25B | $6.25B | $4.92B | $5.29B | $5.19B | $5.75B | $6.31B | $5.10B | $4.41B | $19.90B | $4.45B | $8.76B | $9.83B | $10.98B | $16.95B | $19.65B | $21.80B |
| Effective tax rate | 31.0% | 30.0% | 25.8% | 26.5% | 25.0% | 17.5% | 23.8% | 19.2% | 20.7% | 34.1% | 19.9% | 14.8% | 54.6% | 10.2% | 16.5% | 13.8% | 13.1% | 19.0% | 18.2% | 17.6% |
| Net income | $12.60B | $14.06B | $17.68B | $14.57B | $18.76B | $23.15B | $16.98B | $21.86B | $22.07B | $12.19B | $20.54B | $25.49B | $16.57B | $39.24B | $44.28B | $61.27B | $72.74B | $72.36B | $88.14B | $101.83B |
| Net income growth (YoY) | — | +11.6% | +25.7% | -17.6% | +28.8% | +23.4% | -26.7% | +28.8% | +1.0% | -44.8% | +68.4% | +24.1% | -35.0% | +136.8% | +12.8% | +38.4% | +18.7% | -0.5% | +21.8% | +15.5% |
| Profit margin | 28.5% | 27.5% | 29.3% | 24.9% | 30.0% | 33.1% | 23.0% | 28.1% | 25.4% | 13.0% | 22.5% | 26.4% | 15.0% | 31.2% | 31.0% | 36.5% | 36.7% | 34.1% | 36.0% | 36.1% |