Productivity and Business Processes
Microsoft 365 commercial and consumer products and cloud services (including Teams and Microsoft 365 Copilot), LinkedIn, and Dynamics 365 business applications.
Stock research
Microsoft Corporation (MSFT) Stock Research
Microsoft sells productivity software, the Windows operating system, and the Azure cloud platform, and has become a leading distributor of generative AI through its partnership with OpenAI. Its enterprise footprint spans nearly every large organization in the world.
For the fiscal year ended June 30, 2025, Microsoft Corporation reported revenue of $281.7B and net income of $101.8B, with operating cash flow of $136.2B. Source: Form 10-K filed July 29, 2026
The latest annual report covers the period ended June 30, 2026 (filed July 29, 2026); figures for that year are not yet in our data.
Reviewed · SEC data as of
- Revenue
- $281.7B
- FY ending 2025-06-30
- Net income
- $101.8B
- FY ending 2025-06-30
- Diluted EPS
- $13.64
- Net margin
- 36.1%
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
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How Microsoft makes money
Intelligent Cloud
Azure and other cloud services, including AI consumption services and GitHub cloud, server products such as SQL Server and Windows Server, and enterprise and partner services.
More Personal Computing
Windows OEM licensing, Surface and PC accessories, Xbox hardware, content and subscriptions, and search advertising through Bing, Copilot and Edge.
- Exchange
- NASDAQ: MSFT
- Sector
- Information Technology
- SEC industry
- Services-Prepackaged Software (SIC 7372)
- Fiscal year end
- June 30
- Headquarters
- Redmond, Washington
- Founded
- 1975
MSFT key financials
Reported figures from Microsoft Corporation's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $281.7B | 2024-07-01 – 2025-06-30 | SEC filing |
| Net income | $101.8B | 2024-07-01 – 2025-06-30 | SEC filing |
| Operating cash flow | $136.2B | 2024-07-01 – 2025-06-30 | SEC filing |
| Diluted EPS | $13.64 | 2024-07-01 – 2025-06-30 | SEC filing |
| Net margin | 36.1% | 2024-07-01 – 2025-06-30 | SEC filing |
| Shares outstanding | 7.43B | As of 2026-01-22 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.
What investors should watch in MSFT
For Microsoft Corporation, the most important recurring operating and market variables are:
- ◆Azure and other cloud services consumption, including AI services
- ◆Microsoft 365 commercial seat growth, pricing and Copilot adoption
- ◆Data-center capital spending, leases and the depreciation that follows
- ◆Economics of the OpenAI partnership
- ◆Windows OEM licensing, Xbox content and search advertising in More Personal Computing
Key questions for the MSFT thesis
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
Which segment is carrying growth?
The fiscal 2026 10-K keeps three segments and places Azure, including AI consumption services, inside Intelligent Cloud. Compare segment revenue and operating income year over year in the segment note; if Intelligent Cloud grows faster than the other two, results depend more on cloud capacity and AI demand than on PC or Office cycles.
Is the AI infrastructure build earning its return?
Microsoft adds data-center capacity through both capital expenditures and leases, so property-and-equipment spending alone can understate total commitments. Set capex plus new leases against Intelligent Cloud operating income and the growing depreciation line; our Microsoft capex page tracks the guidance and lease classification.
Is Copilot changing seat economics?
The 10-K now lists Microsoft 365 Copilot within Microsoft 365 Commercial products and cloud services. Separate seat growth from revenue per user in earnings materials: price and mix gains mean something different for durability than new seats.
How cyclical is More Personal Computing?
Windows OEM revenue follows PC shipments, Xbox follows the content slate and hardware cycle, and search advertising follows ad markets. These lines can move the consolidated result in quarters when cloud growth is steady, so read them separately before extrapolating total revenue.
Does MSFT's reported profit turn into cash?
Operating cash flow was $136.2B, 1.34 times net income of $101.8B, for the fiscal year ended June 30, 2025.
Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.
How much of MSFT's revenue is left as profit?
Net income was 36.1% of revenue for the fiscal year ended June 30, 2025, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
When does Microsoft Corporation's fiscal year end?
The SEC lists Microsoft Corporation's fiscal year end as June 30, not December 31. The latest annual figures here run from July 1, 2024 to June 30, 2025.
Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.
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Read the full researchMSFT primary sources
- Latest annual report: Form 10-K filed July 29, 2026
- Latest quarterly report: Form 10-Q filed April 29, 2026
- Microsoft investor relations
- Microsoft filings at the SEC
How we source and review company pages: research methodology.
Congressional trading in MSFT
| Politician | Trade date | Type | Owner | Amount | Source |
|---|---|---|---|---|---|
| Cleo Fields | 2026-09-10 | Purchase | Self | $1,001 - $15,000 | Filing #20035464 |
| Cleo Fields | 2026-09-10 | Purchase | Self | $1,001 - $15,000 | Filing #20035464 |
| Thomas Kean | 2026-08-27 | Sale | Self | $15,001 - $50,000 | Filing #20035431 |
| David Taylor | 2026-08-26 | Sale | Self | $1,001 - $15,000 | Filing #20035392 |
| Kevin Hern | 2026-08-21 | Sale | Joint | $15,001 - $50,000 | Filing #20035326 |
| Gilbert Cisneros | 2026-08-18 | Purchase | Self | $15,001 - $50,000 | Filing #20035390 |
| Josh Gottheimer | 2026-08-14 | Purchase | Joint | $250,001 - $500,000 | Filing #20035455 |
| Josh Gottheimer | 2026-08-14 | Purchase | Joint | $500,001 - $1,000,000 | Filing #20035455 |
| Josh Gottheimer | 2026-08-14 | Sale | Joint | $250,001 - $500,000 | Filing #20035455 |
| Josh Gottheimer | 2026-08-14 | Sale | Joint | $500,001 - $1,000,000 | Filing #20035455 |
All verified MSFT congressional disclosures
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
Compare MSFT with similar companies
Microsoft peers
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Research that covers Microsoft
MSFT — frequently asked questions
What does Microsoft Corporation do?
Microsoft sells productivity software, the Windows operating system, and the Azure cloud platform, and has become a leading distributor of generative AI through its partnership with OpenAI. Its enterprise footprint spans nearly every large organization in the world. Its filings describe these business lines: Productivity and Business Processes, Intelligent Cloud, More Personal Computing.
What were MSFT's latest reported annual revenue and net income?
For the fiscal year ended June 30, 2025, Microsoft Corporation reported revenue of $281.7B and net income of $101.8B, with operating cash flow of $136.2B. The figures come from Microsoft Corporation's SEC XBRL filings.
When does Microsoft Corporation's fiscal year end?
The SEC lists Microsoft Corporation's fiscal year end as June 30.
Do members of Congress trade MSFT?
The current verified House and Senate snapshot contains 206 transaction rows for MSFT, each linked to the original filing.
Where is Microsoft Corporation headquartered?
Microsoft Corporation is headquartered in Redmond, Washington and was founded in 1975.
Is MSFT a good investment?
This page does not rate MSFT as a buy or sell. It sets out what Microsoft Corporation reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
What do the MSFT numbers leave unanswered?
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
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