Microsoft Corporation (MSFT) — Financial statements
Income statement, balance sheet, and cash flow for Microsoft Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 281,724↑14.9% | 245,122↑15.7% | 211,915↑6.9% | 198,270↑18.0% | 168,088 | |
| Cost of Revenue | 87,831↑18.5% | 74,114↑12.5% | 65,863↑5.1% | 62,650↑19.9% | 52,232 | |
| Gross Profit | 193,893↑13.4% | 171,008↑17.1% | 146,052↑7.7% | 135,620↑17.1% | 115,856 | |
| Operating Expenses | ||||||
| R&D Expenses | 32,488↑10.1% | 29,510↑8.5% | 27,195↑10.9% | 24,512↑18.3% | 20,716 | |
| General & Administrative Expenses | 7,223↓5.1% | 7,609↑0.4% | 7,575↑28.4% | 5,900↑15.5% | 5,107 | |
| Selling & Marketing Expenses | 25,654↑4.9% | 24,456↑7.5% | 22,759↑4.3% | 21,825↑8.5% | 20,117 | |
| SG&A Expenses | 32,877↑2.5% | 32,065↑5.7% | 30,334↑9.4% | 27,725↑9.9% | 25,224 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 65,365↑6.2% | 61,575↑7.0% | 57,529↑10.1% | 52,237↑13.7% | 45,940 | |
| Total Costs & Expenses | 153,196↑12.9% | 135,689↑10.0% | 123,392↑7.4% | 114,887↑17.0% | 98,172 | |
| Operating Results | ||||||
| Operating Income | 128,528↑17.4% | 109,433↑23.6% | 88,523↑6.2% | 83,383↑19.3% | 69,916 | |
| Depreciation & Amortization | 34,153↑53.2% | 22,287↑60.8% | 13,861↓4.1% | 14,460↑23.7% | 11,686 | |
| EBITDA | 160,165↑20.4% | 133,009↑26.5% | 105,140↑4.9% | 100,239↑17.7% | 85,134 | |
| EBIT | 126,012↑13.8% | 110,722↑21.3% | 91,279↑6.4% | 85,779↑16.8% | 73,448 | |
| Interest & Other Income | ||||||
| Net Interest Income | 262↑18.0% | 222↓78.4% | 1,026↑3209.7% | 31↑114.4% | -215 | |
| Interest Income | 2,647↓16.2% | 3,157↑5.4% | 2,994↑43.0% | 2,094↓1.7% | 2,131 | |
| Interest Expense | 2,385↓18.7% | 2,935↑49.1% | 1,968↓4.6% | 2,063↓12.1% | 2,346 | |
| Non-Operating Income | 2,516↑295.2% | -1,289↑53.2% | -2,756↓15.0% | -2,396↑32.2% | -3,532 | |
| Other Income / Expenses | -4,901↓197.8% | -1,646↓308.9% | 788↑136.6% | 333↓71.9% | 1,186 | |
| Income Before Tax | 123,627↑14.7% | 107,787↑20.7% | 89,311↑6.7% | 83,716↑17.7% | 71,102 | |
| Income Tax Expense | 21,795↑10.9% | 19,651↑15.9% | 16,950↑54.4% | 10,978↑11.7% | 9,831 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 101,832↑15.5% | 88,136↑21.8% | 72,361↓0.5% | 72,738↑18.7% | 61,271 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 101,832↑15.5% | 88,136↑21.8% | 72,361↓0.5% | 72,738↑18.7% | 61,271 | |
| Bottom-Line Net Income | 101,832↑15.5% | 88,136↑21.8% | 72,361↓0.5% | 72,738↑18.7% | 61,271 | |
| EPS (Basic) | 13.70↑15.5% | 11.86↑22.0% | 9.72↑0.2% | 9.70↑19.5% | 8.12 | |
| EPS (Diluted) | 13.64↑15.6% | 11.80↑21.9% | 9.68↑0.3% | 9.65↑19.9% | 8.05 | |
| Weighted Average Shares | 7,433↑0.0% | 7,431↓0.2% | 7,446↓0.7% | 7,496↓0.7% | 7,547 | |
| Weighted Average Diluted Shares | 7,465↓0.1% | 7,469↓0.0% | 7,472↓0.9% | 7,540↓0.9% | 7,608 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.