Microsoft Income Statement

MSFT / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Microsoft reported $281.7B in revenue and $101.8B in net income for FY2025. Revenue has grown at a 10.5% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

Key Data Points

Strong profit margin: 36.1%
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$281.7B	$245.1B	$211.9B	$198.3B	$168.1B	$143.0B	$125.8B	$110.4B	$96.6B	$91.2B	$93.6B	$86.8B	$77.8B	$73.7B	$69.9B
Cost of Revenue	$87.8B	$74.1B	$65.9B	$62.6B	$52.2B	$46.1B	$42.9B	$38.4B	$34.3B	$32.8B	$33.0B	$27.1B	$20.4B	$17.5B	$15.6B
Gross Profit	$193.9B	$171.0B	$146.1B	$135.6B	$115.9B	$96.9B	$82.9B	$72.0B	$62.3B	$58.4B	$60.5B	$59.8B	$57.5B	$56.2B	$54.4B
SG&A Expense	$7.2B	$7.6B	$7.6B	$5.9B	$5.1B	$5.1B	$4.9B	$4.8B	$4.5B	$4.6B	$4.6B	$4.7B	$5.0B	$4.6B	$4.2B
R&D Expense	$32.5B	$29.5B	$27.2B	$24.5B	$20.7B	$19.3B	$16.9B	$14.7B	$13.0B	$12.0B	$12.0B	$11.4B	$10.4B	$9.8B	$9.0B
Operating Income	$128.5B	$109.4B	$88.5B	$83.4B	$69.9B	$53.0B	$43.0B	$35.1B	$29.0B	$26.1B	$18.2B	$27.8B	$26.8B	$21.8B	$27.2B
Interest Expense	-	$2.9B	$2.0B	$2.1B	$2.3B	$2.6B	$2.7B	$2.7B	$2.2B	$1.2B	$781.0M	$597.0M	$429.0M	$380.0M	$295.0M
Income Tax	$21.8B	$19.7B	$16.9B	$11.0B	$9.8B	$8.8B	$4.4B	$19.9B	$4.4B	$5.1B	$6.3B	$5.7B	$5.2B	$5.3B	$4.9B
Net Income	$101.8B	$88.1B	$72.4B	$72.7B	$61.3B	$44.3B	$39.2B	$16.6B	$25.5B	$20.5B	$12.2B	$22.1B	$21.9B	$17.0B	$23.1B
EPS (Basic)	$9.72	$9.70	$8.12	$5.82	$5.11	$2.15	$3.29	$2.59	$1.49	$2.66	$2.61	$2.02	$2.73	$2.13	$1.63
EPS (Diluted)	$9.68	$9.65	$8.05	$5.76	$5.06	$2.13	$3.25	$2.56	$1.48	$2.63	$2.58	$2.00	$2.69	$2.10	$1.62
Shares Outstanding	7.5B	7.5B	7.6B	7.6B	7.7B	7.7B	7.8B	8.0B	8.2B	8.3B	8.4B	8.4B	8.7B	8.9B	9.2B
Gross Margin	68.8%	69.8%	68.9%	68.4%	68.9%	67.8%	65.9%	65.3%	64.5%	64.0%	64.7%	68.8%	73.8%	76.2%	77.7%
Operating Margin	45.6%	44.6%	41.8%	42.1%	41.6%	37.0%	34.1%	31.8%	30.1%	28.6%	19.4%	32.0%	34.4%	29.5%	38.8%
Profit Margin	36.1%	36.0%	34.2%	36.7%	36.4%	31.0%	31.2%	15.0%	26.4%	22.5%	13.0%	25.4%	28.1%	23.0%	33.1%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Microsoft Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$281.7B

$245.1B

$211.9B

$198.3B

$168.1B

$143.0B

$125.8B

$110.4B

$96.6B

$91.2B

$93.6B

$86.8B

$77.8B

$73.7B

$69.9B

Cost of Revenue

$87.8B

$74.1B

$65.9B

$62.6B

$52.2B

$46.1B

$42.9B

$38.4B

$34.3B

$32.8B

$33.0B

$27.1B

$20.4B

$17.5B

$15.6B

Gross Profit

$193.9B

$171.0B

$146.1B

$135.6B

$115.9B

$96.9B

$82.9B

$72.0B

$62.3B

$58.4B

$60.5B

$59.8B

$57.5B

$56.2B

$54.4B

SG&A Expense

$7.2B

$7.6B

$5.9B

$5.1B

$4.9B

$4.8B

$4.5B

$4.6B

$4.7B

$5.0B

$4.6B

$4.2B

R&D Expense

$32.5B

$29.5B

$27.2B

$24.5B

$20.7B

$19.3B

$16.9B

$14.7B

$13.0B

$12.0B

$11.4B

$10.4B

$9.8B

$9.0B

Operating Income

$128.5B

$109.4B

$88.5B

$83.4B

$69.9B

$53.0B

$43.0B

$35.1B

$29.0B

$26.1B

$18.2B

$27.8B

$26.8B

$21.8B

$27.2B

Interest Expense

$2.9B

$2.0B

$2.1B

$2.3B

$2.6B

$2.7B

$2.2B

$1.2B

$781.0M

$597.0M

$429.0M

$380.0M

$295.0M

Income Tax

$21.8B

$19.7B

$16.9B

$11.0B

$9.8B

$8.8B

$4.4B

$19.9B

$4.4B

$5.1B

$6.3B

$5.7B

$5.2B

$5.3B

$4.9B

Net Income

$101.8B

$88.1B

$72.4B

$72.7B

$61.3B

$44.3B

$39.2B

$16.6B

$25.5B

$20.5B

$12.2B

$22.1B

$21.9B

$17.0B

$23.1B

EPS (Basic)

$9.72

$9.70

$8.12

$5.82

$5.11

$2.15

$3.29

$2.59

$1.49

$2.66

$2.61

$2.02

$2.73

$2.13

$1.63

EPS (Diluted)

$9.68

$9.65

$8.05

$5.76

$5.06

$2.13

$3.25

$2.56

$1.48

$2.63

$2.58

$2.00

$2.69

$2.10

$1.62

Shares Outstanding

7.5B

7.6B

7.7B

7.8B

8.0B

8.2B

8.3B

8.4B

8.7B

8.9B

9.2B

Gross Margin

68.8%

69.8%

68.9%

68.4%

68.9%

67.8%

65.9%

65.3%

64.5%

64.0%

64.7%

68.8%

73.8%

76.2%

77.7%

Operating Margin

45.6%

44.6%

41.8%

42.1%

41.6%

37.0%

34.1%

31.8%

30.1%

28.6%

19.4%

32.0%

34.4%

29.5%

38.8%

Profit Margin

36.1%

36.0%

34.2%

36.7%

36.4%

31.0%

31.2%

15.0%

26.4%

22.5%

13.0%

25.4%

28.1%

23.0%

33.1%