M 
Microsoft MSFT · USD
Information Technology · Software · US listing · 🇺🇸 United States
S&P 500Nasdaq-100Dow Jones
530.61
-0.99%
Close of 6 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$331.84bn
FY2017FY2026
Net income
$133.75bn
FY2017FY2026
Free cash flow
$66.99bn
FY2017FY2026
Shareholders' equity
$442.39bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $331.84bn | $281.72bn | $245.12bn | $211.91bn | $198.27bn | $168.09bn | $143.01bn | $125.84bn | $110.36bn | $96.57bn |
| Gross profit | $225.47bn | $193.89bn | $171.01bn | $146.05bn | $135.62bn | $115.86bn | $96.94bn | $82.93bn | $72.01bn | $62.31bn |
| Research and development | $35.56bn | $32.49bn | $29.51bn | $27.20bn | $24.51bn | $20.72bn | $19.27bn | $16.88bn | $14.73bn | $13.04bn |
| Operating income | $155.24bn | $128.53bn | $109.43bn | $88.52bn | $83.38bn | $70.13bn | $55.55bn | $45.65bn | $37.79bn | $31.25bn |
| Net income | $133.75bn | $101.83bn | $88.14bn | $72.36bn | $72.74bn | $61.27bn | $44.28bn | $39.24bn | $16.57bn | $25.49bn |
| Diluted earnings per share | 17.95 | 13.65 | 11.80 | 9.69 | 9.73 | 8.11 | 5.81 | 5.10 | 2.13 | 3.31 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $758.38bn | $619.00bn | $512.16bn | $411.98bn | $364.84bn | $333.78bn | $301.31bn | $286.56bn | $258.85bn | $241.09bn |
| Cash and short-term investments | $76.84bn | $94.56bn | $75.53bn | $111.26bn | $104.76bn | $130.33bn | $136.53bn | $133.82bn | $133.77bn | $132.98bn |
| Total liabilities | $315.99bn | $275.52bn | $243.69bn | $205.75bn | $198.30bn | $191.79bn | $183.01bn | $184.23bn | $176.13bn | $168.69bn |
| Debt | $49.97bn | $89.32bn | $78.78bn | $64.30bn | $64.68bn | $70.69bn | $72.82bn | $78.75bn | $80.54bn | $88.73bn |
| Shareholders' equity | $442.39bn | $343.48bn | $268.48bn | $206.22bn | $166.54bn | $141.99bn | $118.30bn | $102.33bn | $82.72bn | $72.39bn |
| Shares outstanding | 7,453m | 7,460m | 7,468m | 7,468m | 7,473m | 7,555m | 7,616m | 7,691m | 7,768m | 7,710m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $182.94bn | $136.16bn | $118.55bn | $87.58bn | $89.03bn | $76.74bn | $60.67bn | $52.19bn | $43.88bn | $39.51bn |
| Capital spending | −$115.95bn | −$64.55bn | −$44.48bn | −$28.11bn | −$23.89bn | −$20.62bn | −$15.44bn | −$13.93bn | −$11.63bn | −$8.13bn |
| Free cash flow | $66.99bn | $71.61bn | $74.07bn | $59.48bn | $65.15bn | $56.12bn | $45.23bn | $38.26bn | $32.25bn | $31.38bn |
| Dividends paid | −$26.45bn | −$24.08bn | −$21.77bn | −$19.80bn | −$18.14bn | −$16.52bn | −$15.14bn | −$13.81bn | −$12.70bn | −$11.85bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $90.01bn | $82.89bn | $81.27bn | $77.67bn | $76.44bn | $70.07bn | $69.63bn | $65.58bn |
| Gross profit | $60.48bn | $56.06bn | $55.30bn | $53.63bn | $52.43bn | $48.15bn | $47.83bn | $45.49bn |
| Operating income | $40.69bn | $38.45bn | $38.27bn | $37.96bn | $34.32bn | $32.00bn | $31.65bn | $30.55bn |
| Net income | $35.77bn | $31.78bn | $38.46bn | $27.75bn | $27.23bn | $25.82bn | $24.11bn | $24.67bn |
| Diluted earnings per share | 4.80 | 4.26 | 5.16 | 3.72 | 3.65 | 3.46 | 3.23 | 3.30 |
| Cash from operations | $55.44bn | $46.68bn | $35.76bn | $45.06bn | $42.65bn | $37.04bn | $22.29bn | $34.18bn |
| Capital spending | −$35.80bn | −$30.88bn | −$29.88bn | −$19.39bn | −$17.08bn | −$16.75bn | −$15.80bn | −$14.92bn |
| Free cash flow | $19.64bn | $15.80bn | $5.88bn | $25.66bn | $25.57bn | $20.30bn | $6.49bn | $19.26bn |
| Total assets | $758.38bn | $694.23bn | $665.30bn | $636.35bn | $619.00bn | $562.62bn | $533.90bn | $523.01bn |
| Cash and short-term investments | $76.84bn | $78.27bn | $89.46bn | $102.00bn | $94.56bn | $79.61bn | $71.55bn | $78.43bn |
| Debt | $49.97bn | $49.86bn | $105.93bn | $103.03bn | $94.75bn | $87.33bn | $85.66bn | $80.48bn |
| Shareholders' equity | $442.39bn | $414.37bn | $390.88bn | $363.08bn | $343.48bn | $321.89bn | $302.69bn | $287.72bn |
Financial ratios
Data as of 27 Aug 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 67.9% | 68.8% | 69.8% | 68.9% | 68.4% | 68.9% |
| Operating margin | 46.8% | 45.6% | 44.6% | 41.8% | 42.1% | 41.7% |
| Net margin | 40.3% | 36.1% | 36.0% | 34.1% | 36.7% | 36.5% |
| Return on equity | 30.2% | 29.6% | 32.8% | 35.1% | 43.7% | 43.2% |
| Return on assets | 17.6% | 16.5% | 17.2% | 17.6% | 19.9% | 18.4% |
| Free cash flow yield | 8.1% | 5.4% | 4.4% | 3.1% | 3.0% | 2.6% |
| Revenue growth | 17.8% | 14.9% | 15.7% | 6.9% | 18.0% | 17.5% |
| Earnings growth | 31.3% | 15.5% | 21.8% | -0.5% | 18.7% | 38.4% |
| Current ratio | 1.23x | 1.35x | 1.27x | 1.77x | 1.78x | 2.08x |
| Debt to equity | 0.11x | 0.13x | 0.19x | 0.23x | 0.30x | 0.41x |
| Equity ratio | 58.3% | 55.5% | 52.4% | 50.1% | 45.6% | 42.5% |
| Interest coverage | 50.88x | 53.89x | 37.29x | 44.98x | 40.42x | 29.89x |
| R&D as a share of sales | 10.7% | 11.5% | 12.0% | 12.8% | 12.4% | 12.3% |
| Buybacks as a share of market value | 0.1% | 0.1% | 0.0% | 0.1% | 1.1% | 0.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.1% | 14.6% | 13.8% |
| Operating income | 20.6% | 17.2% | 19.5% |
| Net income | 22.7% | 16.9% | 20.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 68.3% | 68.8% | 68.7% | 67.9% |
| Operating margin | 46.2% | 45.0% | 44.2% | 41.5% |
| Net margin | 38.4% | 37.0% | 36.9% | 33.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.6 | 35.4 | 35.7 | 38.8 | 24.6 | 41.5 | 38.3 | 30.9 | 47.6 | 25.9 |
| Price to sales | 13.9 | 12.8 | 12.8 | 13.3 | 9.0 | 15.1 | 11.8 | 9.6 | 7.2 | 6.8 |
Market value over time
30 Sept 2016 to 26 Aug 2026, in USD
$453.66bn$3.70trn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 11% | 17% | 55% | -25% | 44% | 41% | 55% | 19% | 35% | 16% |
Dividends and splits
Per share, in the currency the company pays
Paid for 23 years. Last went ex-dividend on 19 Nov 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.98 | 3.64 | 3.32 | 3.00 | 2.72 | 2.48 | 2.24 | 2.04 |
- 2-for-1 split · 18 Feb 2003
- 2-for-1 split · 29 Mar 1999
- 2-for-1 split · 23 Feb 1998
- 2-for-1 split · 9 Dec 1996
- 2-for-1 split · 23 May 1994
- 3-for-2 split · 15 Jun 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.