Microsoft Corporation

MSFTNASDAQ

$517.90

Last price · USD

Market cap: $3.87T
P/E: 38.0x
EV / EBITDA: 24.6x
P/S: 13.7x
FCF yield: 1.9%
Div. yield: 0.62%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Microsoft Corporation income statement

Annual · USD millions except per-share data · 27 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Revenue & gross profit
Revenue	281,724	245,122	211,915	198,270	168,088	+13.8%
Cost of revenue	87,831	74,114	65,863	62,650	52,232	+13.9%
Gross profit	193,893	171,008	146,052	135,620	115,856	+13.7%
Operating expenses & income
Research & development	32,488	29,510	27,195	24,512	20,716	+11.9%
General & administrative	7,223	7,609	7,575	5,900	5,107	+9.1%
Selling & marketing	25,654	24,456	22,759	21,825	20,117	+6.3%
SG&A (combined)	32,877	32,065	30,334	27,725	25,224	+6.8%
Total operating expenses	65,365	61,575	57,529	52,237	45,940	+9.2%
Cost and expenses	153,196	135,689	123,392	114,887	98,172	+11.8%
Operating income	128,528	109,433	88,523	83,383	69,916	+16.4%
Non-operating & other
Interest income	2,647	3,157	2,994	2,094	2,131	+5.6%
Interest expense	2,385	2,935	1,968	2,063	2,346	+0.4%
Net interest income	262	222	1,026	31	(215)	—
Non-operating income (excl. interest)	2,516	(1,289)	(2,756)	(2,396)	(3,532)	—
Total other income (expenses), net	(4,901)	(1,646)	788	333	1,186	—
Profitability
Depreciation & amortization	34,153	22,287	13,861	14,460	11,686	+30.7%
Income before tax	123,627	107,787	89,311	83,716	71,102	+14.8%
Income tax expense	21,795	19,651	16,950	10,978	9,831	+22.0%
Net income from continuing operations	101,832	88,136	72,361	72,738	61,271	+13.5%
Net income	101,832	88,136	72,361	72,738	61,271	+13.5%
Bottom line net income	101,832	88,136	72,361	72,738	61,271	+13.5%
Additional fields
Ebit	126,012	110,722	91,279	85,779	73,448	+14.4%
Ebitda	160,165	133,009	105,140	100,239	85,134	+17.1%
Eps	$13.70	$11.86	$9.72	$9.70	$8.12	+14.0%
Eps Diluted	$13.64	$11.80	$9.68	$9.65	$8.05	+14.1%
Weighted Average Shs Out	7,433	7,431	7,446	7,496	7,547	-0.4%
Weighted Average Shs Out Dil	7,465	7,469	7,472	7,540	7,608	-0.5%

Microsoft Corporation

MSFTNASDAQ

$517.90

Last price · USD

Market cap: $3.87T
P/E: 38.0x
EV / EBITDA: 24.6x
P/S: 13.7x
FCF yield: 1.9%
Div. yield: 0.62%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Microsoft Corporation income statement

Annual · USD millions except per-share data · 27 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Revenue & gross profit
Revenue	281,724	245,122	211,915	198,270	168,088	+13.8%
Cost of revenue	87,831	74,114	65,863	62,650	52,232	+13.9%
Gross profit	193,893	171,008	146,052	135,620	115,856	+13.7%
Operating expenses & income
Research & development	32,488	29,510	27,195	24,512	20,716	+11.9%
General & administrative	7,223	7,609	7,575	5,900	5,107	+9.1%
Selling & marketing	25,654	24,456	22,759	21,825	20,117	+6.3%
SG&A (combined)	32,877	32,065	30,334	27,725	25,224	+6.8%
Total operating expenses	65,365	61,575	57,529	52,237	45,940	+9.2%
Cost and expenses	153,196	135,689	123,392	114,887	98,172	+11.8%
Operating income	128,528	109,433	88,523	83,383	69,916	+16.4%
Non-operating & other
Interest income	2,647	3,157	2,994	2,094	2,131	+5.6%
Interest expense	2,385	2,935	1,968	2,063	2,346	+0.4%
Net interest income	262	222	1,026	31	(215)	—
Non-operating income (excl. interest)	2,516	(1,289)	(2,756)	(2,396)	(3,532)	—
Total other income (expenses), net	(4,901)	(1,646)	788	333	1,186	—
Profitability
Depreciation & amortization	34,153	22,287	13,861	14,460	11,686	+30.7%
Income before tax	123,627	107,787	89,311	83,716	71,102	+14.8%
Income tax expense	21,795	19,651	16,950	10,978	9,831	+22.0%
Net income from continuing operations	101,832	88,136	72,361	72,738	61,271	+13.5%
Net income	101,832	88,136	72,361	72,738	61,271	+13.5%
Bottom line net income	101,832	88,136	72,361	72,738	61,271	+13.5%
Additional fields
Ebit	126,012	110,722	91,279	85,779	73,448	+14.4%
Ebitda	160,165	133,009	105,140	100,239	85,134	+17.1%
Eps	$13.70	$11.86	$9.72	$9.70	$8.12	+14.0%
Eps Diluted	$13.64	$11.80	$9.68	$9.65	$8.05	+14.1%
Weighted Average Shs Out	7,433	7,431	7,446	7,496	7,547	-0.4%
Weighted Average Shs Out Dil	7,465	7,469	7,472	7,540	7,608	-0.5%