InsiderClue
Stocks · Technology · Services-Prepackaged Software

Microsoft Corporation

MSFT Clue Score77
United States Fiscal year ends June CIK 0000789019
$535.07 +2.38% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $535.07 +81.85% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue96.57Operating income29.03Net income25.49EPS, diluted3.25Fiscal year 2018Revenue110.36 +14.3%Operating income35.06Net income16.57 −35.0%EPS, diluted2.13 −34.5%Fiscal year 2019Revenue125.84 +14.0%Operating income42.96Net income39.24 +136.8%EPS, diluted5.06 +137.6%Fiscal year 2020Revenue143.02 +13.6%Operating income52.96Net income44.28 +12.8%EPS, diluted5.76 +13.8%Fiscal year 2021Revenue168.09 +17.5%Operating income69.92Net income61.27 +38.4%EPS, diluted8.05 +39.8%Fiscal year 2022Revenue198.27 +18.0%Operating income83.38Net income72.74 +18.7%EPS, diluted9.65 +19.9%Fiscal year 2023Revenue211.92 +6.9%Operating income88.52Net income72.36 −0.5%EPS, diluted9.68 +0.3%Fiscal year 2024Revenue245.12 +15.7%Operating income109.43Net income88.14 +21.8%EPS, diluted11.80 +21.9%Fiscal year 2025Revenue281.72 +14.9%Operating income128.53Net income101.83 +15.5%EPS, diluted13.64 +15.6%Fiscal year 2026Revenue331.84 +17.8%Operating income155.24Net income133.75 +31.3%EPS, diluted17.95 +31.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 96.57 110.36 125.84 143.02 168.09 198.27 211.92 245.12 281.72 331.84
Growth +14.3% +14.0% +13.6% +17.5% +18.0% +6.9% +15.7% +14.9% +17.8%
Operating income 29.03 35.06 42.96 52.96 69.92 83.38 88.52 109.43 128.53 155.24
Net income 25.49 16.57 39.24 44.28 61.27 72.74 72.36 88.14 101.83 133.75
Growth −35.0% +136.8% +12.8% +38.4% +18.7% −0.5% +21.8% +15.5% +31.3%
EPS, diluted 3.25 2.13 5.06 5.76 8.05 9.65 9.68 11.80 13.64 17.95
Growth −34.5% +137.6% +13.8% +39.8% +19.9% +0.3% +21.9% +15.6% +31.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin64.5%Operating margin30.1%Net margin26.4%Free cash flow margin32.5%Fiscal year 2018Gross margin65.2%Operating margin31.8%Net margin15.0%Free cash flow margin29.2%Fiscal year 2019Gross margin65.9%Operating margin34.1%Net margin31.2%Free cash flow margin30.4%Fiscal year 2020Gross margin67.8%Operating margin37.0%Net margin31.0%Free cash flow margin31.6%Fiscal year 2021Gross margin68.9%Operating margin41.6%Net margin36.5%Free cash flow margin33.4%Fiscal year 2022Gross margin68.4%Operating margin42.1%Net margin36.7%Free cash flow margin32.9%Fiscal year 2023Gross margin68.9%Operating margin41.8%Net margin34.1%Free cash flow margin28.1%Fiscal year 2024Gross margin69.8%Operating margin44.6%Net margin36.0%Free cash flow margin30.2%Fiscal year 2025Gross margin68.8%Operating margin45.6%Net margin36.1%Free cash flow margin25.4%Fiscal year 2026Gross margin67.9%Operating margin46.8%Net margin40.3%Free cash flow margin20.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 64.5% 65.2% 65.9% 67.8% 68.9% 68.4% 68.9% 69.8% 68.8% 67.9%
Operating margin 30.1% 31.8% 34.1% 37.0% 41.6% 42.1% 41.8% 44.6% 45.6% 46.8%
Net margin 26.4% 15.0% 31.2% 31.0% 36.5% 36.7% 34.1% 36.0% 36.1% 40.3%
Free cash flow margin 32.5% 29.2% 30.4% 31.6% 33.4% 32.9% 28.1% 30.2% 25.4% 20.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow39.51Capital expenditure−8.13Free cash flow31.38Buybacks−11.79Dividends paid−11.85Fiscal year 2018Operating cash flow43.88Capital expenditure−11.63Free cash flow32.25 +2.8%Buybacks−10.72Dividends paid−12.70Fiscal year 2019Operating cash flow52.19Capital expenditure−13.93Free cash flow38.26 +18.6%Buybacks−19.54Dividends paid−13.81Fiscal year 2020Operating cash flow60.68Capital expenditure−15.44Free cash flow45.23 +18.2%Buybacks−22.97Dividends paid−15.14Fiscal year 2021Operating cash flow76.74Capital expenditure−20.62Free cash flow56.12 +24.1%Buybacks−27.39Dividends paid−16.52Fiscal year 2022Operating cash flow89.04Capital expenditure−23.89Free cash flow65.15 +16.1%Buybacks−32.70Dividends paid−18.14Fiscal year 2023Operating cash flow87.58Capital expenditure−28.11Free cash flow59.48 −8.7%Buybacks−22.25Dividends paid−19.80Fiscal year 2024Operating cash flow118.55Capital expenditure−44.48Free cash flow74.07 +24.5%Buybacks−17.25Dividends paid−21.77Fiscal year 2025Operating cash flow136.16Capital expenditure−64.55Free cash flow71.61 −3.3%Buybacks−18.42Dividends paid−24.08Fiscal year 2026Operating cash flow182.94Capital expenditure−115.95Free cash flow66.99 −6.5%Buybacks−22.27Dividends paid−26.45
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 39.51 43.88 52.19 60.68 76.74 89.04 87.58 118.55 136.16 182.94
Capital expenditure −8.13 −11.63 −13.93 −15.44 −20.62 −23.89 −28.11 −44.48 −64.55 −115.95
Free cash flow 31.38 32.25 38.26 45.23 56.12 65.15 59.48 74.07 71.61 66.99
Growth +2.8% +18.6% +18.2% +24.1% +16.1% −8.7% +24.5% −3.3% −6.5%
Buybacks −11.79 −10.72 −19.54 −22.97 −27.39 −32.70 −22.25 −17.25 −18.42 −22.27
Dividends paid −11.85 −12.70 −13.81 −15.14 −16.52 −18.14 −19.80 −21.77 −24.08 −26.45

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash7.66Total debt77.12Net cash (debt)−69.46Shareholders’ equity87.71Debt to equity0.88Fiscal year 2018Cash11.95Total debt76.24Net cash (debt)−64.29Shareholders’ equity82.72Debt to equity0.92Fiscal year 2019Cash11.36Total debt72.18Net cash (debt)−60.82Shareholders’ equity102.33Debt to equity0.71Fiscal year 2020Cash13.58Total debt63.33Net cash (debt)−49.75Shareholders’ equity118.30Debt to equity0.54Fiscal year 2021Cash14.22Total debt58.15Net cash (debt)−43.92Shareholders’ equity141.99Debt to equity0.41Fiscal year 2022Cash13.93Total debt49.78Net cash (debt)−35.85Shareholders’ equity166.54Debt to equity0.30Fiscal year 2023Cash34.70Total debt47.24Net cash (debt)−12.53Shareholders’ equity206.22Debt to equity0.23Fiscal year 2024Cash18.32Total debt44.94Net cash (debt)−26.62Shareholders’ equity268.48Debt to equity0.17Fiscal year 2025Cash30.24Total debt43.15Net cash (debt)−12.91Shareholders’ equity343.48Debt to equity0.13Fiscal year 2026Cash20.94Total debt40.29Net cash (debt)−19.36Shareholders’ equity442.39Debt to equity0.09
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 7.66 11.95 11.36 13.58 14.22 13.93 34.70 18.32 30.24 20.94
Total debt 77.12 76.24 72.18 63.33 58.15 49.78 47.24 44.94 43.15 40.29
Net cash (debt) −69.46 −64.29 −60.82 −49.75 −43.92 −35.85 −12.53 −26.62 −12.91 −19.36
Shareholders’ equity 87.71 82.72 102.33 118.30 141.99 166.54 206.22 268.48 343.48 442.39
Debt to equity 0.88 0.92 0.71 0.54 0.41 0.30 0.23 0.17 0.13 0.09

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Jun 2017 FY2018 30 Jun 2018 FY2019 30 Jun 2019 FY2020 30 Jun 2020 FY2021 30 Jun 2021 FY2022 30 Jun 2022 FY2023 30 Jun 2023 FY2024 30 Jun 2024 FY2025 30 Jun 2025 FY2026 30 Jun 2026
Margins
64.5% 65.2% 65.9% 67.8% 68.9% 68.4% 68.9% 69.8% 68.8% 67.9%
30.1% 31.8% 34.1% 37.0% 41.6% 42.1% 41.8% 44.6% 45.6% 46.8%
31.0% 33.1% 34.7% 37.1% 42.3% 42.2% 42.1% 44.0% 43.9% 50.0%
26.4% 15.0% 31.2% 31.0% 36.5% 36.7% 34.1% 36.0% 36.1% 40.3%
32.5% 29.2% 30.4% 31.6% 33.4% 32.9% 28.1% 30.2% 25.4% 20.2%
Spending
13.5% 13.3% 13.4% 13.5% 12.3% 12.4% 12.8% 12.0% 11.5% 10.7%
4.6% 4.3% 3.9% 3.6% 3.0% 3.0% 3.6% 3.1% 2.6% 2.4%
8.4% 10.5% 11.1% 10.8% 12.3% 12.0% 13.3% 18.1% 22.9% 34.9%
14.8% 54.6% 10.2% 16.5% 13.8% 13.1% 19.0% 18.2% 17.6% 19.4%
Returns
29.1% 20.0% 38.3% 37.4% 43.2% 43.7% 35.1% 32.8% 29.6% 30.2%
10.2% 6.4% 13.7% 14.7% 18.4% 19.9% 17.6% 17.2% 16.5% 17.6%
Balance and payout
0.88 0.92 0.71 0.54 0.41 0.30 0.23 0.17 0.13 0.09
65.0% 68.0% 64.3% 60.7% 57.5% 54.4% 49.9% 47.6% 44.5% 41.7%
46.5% 76.6% 35.2% 34.2% 27.0% 24.9% 27.4% 24.7% 23.6% 19.8%
75.3% 72.6% 87.2% 84.2% 78.2% 78.0% 70.7% 52.7% 59.4% 72.7%