Microsoft Corporation — MSFT
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $494.75 | $3.68T | 36.2 | 33.1 | 17.8% | 16.8% | $3.32 65.0% | 10.7 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-06-30 | $143.0B | $44.3B | $5.82 | N/A | N/A | N/A |
| 1 | 2021-06-30 | $168.1B | $61.3B | $8.12 | 17.5% | 38.4% | 39.5% |
| 2 | 2022-06-30 | $198.3B | $72.7B | $9.70 | 18.0% | 18.7% | 19.5% |
| 3 | 2023-06-30 | $211.9B | $72.4B | $9.72 | 6.9% | -0.5% | 0.2% |
| 4 | 2024-06-30 | $245.1B | $88.1B | $11.86 | 15.7% | 21.8% | 22.0% |
| 5 | TTM 2025-03-31 | $270.0B | $96.6B | $12.93 | 10.2% | 9.6% | 9.0% |
| 6 | Average | 13.7% | 17.6% | 18.0% |
EPS
Forecasts
Y/Y % Change
MSFT Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 17.5% | 18.0% | 6.9% | 15.7% | 31.0% | 14.4% | 17.2% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 13 | 13 | |
| EPS Growth (%) | 38.4% | 18.7% | -0.5% | 21.8% | 29.5% | 16.8% | 20.8% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 17 | 17 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | Sales & Marketing ($) | G&A ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|---|---|
| 2021 | $168.1B | $40.5B | $20.7B | $20.1B | $5.1B | $25.2B | $11.7B |
| 2022 | $198.3B | $48.2B | $24.5B | $21.8B | $5.9B | $27.7B | $14.5B |
| 2023 | $211.9B | $52.0B | $27.2B | $22.8B | $7.6B | $30.3B | $13.9B |
| 2024 | $245.1B | $51.8B | $29.5B | $24.5B | $7.6B | $32.1B | $22.3B |
| 2025 | $281.7B | $53.7B | $32.5B | $25.7B | $7.2B | $32.9B | $34.2B |
| TTM | $281.7B | $53.7B | $32.5B | $25.7B | $7.2B | $32.9B | $34.2B |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | Sales & Marketing Change (%) | G&A Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|---|---|
| 2022 | 17.96 | 18.85 | 18.32 | 8.49 | 15.53 | 9.92 | 23.74 |
| 2023 | 6.88 | 7.91 | 10.95 | 4.28 | 28.39 | 9.41 | -4.14 |
| 2024 | 15.67 | -0.34 | 8.51 | 7.46 | 0.45 | 5.71 | 60.79 |
| 2025 | 14.93 | 3.57 | 10.09 | 4.90 | -5.07 | 2.53 | 53.24 |
| TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-09-05 15:04 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | 2025 Rev ($B) | 2025 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Service Other | 147B | 0.00B | 180B | 0.00B | 218B | 0.00B | 257B | 0.00B | 40.9% |
| Server Products And Cloud Services | 65.0B | 0.00B | 79.8B | 0.00B | 98.4B | 0.00B | 116B | 0.00B | 18.4% |
| Microsoft Three Six Five Commercial Products And Cloud Services | 66.9B | 0.00B | 77.0B | 0.00B | 87.8B | 0.00B | 97.3B | 0.00B | 15.5% |
| Product | 64.7B | 0.00B | 64.8B | 0.00B | 63.9B | 0.00B | 57.4B | 0.00B | 9.1% |
| Gaming | 15.5B | 0.00B | 21.5B | 0.00B | 23.5B | 0.00B | 25.2B | 0.00B | 4.0% |
| Linked In Corporation | 15.0B | 0.00B | 16.4B | 0.00B | 17.8B | 0.00B | 19.2B | 0.00B | 3.0% |
| Windows And Devices | 17.1B | 0.00B | 17.0B | 0.00B | 17.3B | 0.00B | 17.5B | 0.00B | 2.8% |
| Search And News Advertising | 12.1B | 0.00B | 12.3B | 0.00B | 13.9B | 0.00B | 15.4B | 0.00B | 2.4% |
| Dynamics Products And Cloud Services | 5.80B | 0.00B | 6.83B | 0.00B | 7.83B | 0.00B | 8.68B | 0.00B | 1.4% |
| Microsoft Three Six Five Consumer Products And Cloud Services | 6.42B | 0.00B | 6.65B | 0.00B | 7.40B | 0.00B | 7.98B | 0.00B | 1.3% |
| Enterprise And Partner Services | 7.90B | 0.00B | 7.59B | 0.00B | 7.76B | 0.00B | 7.89B | 0.00B | 1.3% |
| Other Products And Services | 0.12B | 0.00B | 0.04B | 0.00B | 0.07B | 0.00B | 0.14B | 0.00B | 0.0% |
SEGMENTS v2025-09-09 · 2025-09-05 15:04 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | 2025 Rev ($B) | 2025 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Productivity And Business Processes | 94.2B | 50.1B | 107B | 59.7B | 121B | 69.8B | 133B | 78.8B | 42.3% |
| Intelligent Cloud | 72.9B | 28.4B | 87.5B | 37.8B | 106B | 44.6B | 124B | 50.6B | 39.3% |
| More Personal Computing | 44.8B | 10.0B | 50.8B | 12.0B | 54.6B | 14.2B | 58.1B | 16.2B | 18.5% |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $562,624M |
| 1 | Cash | $28,828M |
| 2 | Total Liabilities | $240,733M |
| 3 | Total Debt | $60,567M |
| 4 | Total Equity | $321,891M |
| 5 | Debt to Equity Ratio | 0.19 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $477.40 | 4.4% | Nicks Growth: 16% Nick's Expected Margin: 35% FINVIZ Growth: 15% |
Nicks: 30 Finviz: 26 |
Nick's: 10.512 | 13.1 | 36.9 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $12.93 EPS | TTM | $388.34 | -18.7% | $340.13 | -28.8% |
| $13.36 EPS | 2025 | $401.26 | -15.9% | $351.44 | -26.4% |
| $14.97 EPS | 2026 | $449.61 | -5.8% | $393.79 | -17.5% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 18.67% | 17.35% | 18.66% | 17.33% | 0.30% | 0.23% | 18.16% | 17.19% | 1.7% | 25.9% |
| 3 Years | 18.67% | 17.35% | 18.66% | 17.33% | 0.30% | 0.23% | 18.16% | 17.19% | 1.7% | 25.9% |
| 5 Years | 18.67% | 17.35% | 18.66% | 17.33% | 0.30% | 0.23% | 18.16% | 17.19% | 1.7% | 25.9% |
| 10 Years | 18.67% | 17.35% | 18.66% | 17.33% | 0.30% | 0.23% | 18.16% | 17.19% | 1.7% | 25.9% |