Microsoft Corporation — MSFT

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$459.38$3.41T32.624.516.7%13.5%$3.64
0.8%
9.4

Latest Headlines

Revenue & Net Income

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

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

MSFT Year-over-Year Growth

  2020 2021 2022 2023 2024 2026 2027 Average
Revenue Growth (%) 17.5% 18.0% 6.9% 15.7% 32.7% 14.5% 17.6%
Revenue Analysts (#) 0 0 0 0 0 12 12
EPS Growth (%) 38.4% 18.7% -0.5% 21.8% 31.7% 17.1% 21.2%
EPS Analysts (#) 0 0 0 0 0 15 15

Expenses

Revenue vs 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 $293.8B $51.9B $33.1B $25.7B $7.4B $33.0B $39.8B
Expenses % of Revenue
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 4.29 -3.23 1.85 0.00 1.84 0.40 16.63
No unmapped expenses.

Segment Performance

SEGMENTS v2025-09-09 · 2026-01-14 21:52 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year Service Other Rev Server Products And Cloud Services Rev Microsoft Three Six Five Commercial Products And Cloud Services Rev Prod Rev Gaming Rev Windows And Devices Rev Linked In Corporation Rev Search And News Advertising Rev Enterprise And Partner Services Rev Dynamics Products And Cloud Services Rev Microsoft Three Six Five Consumer Products And Cloud Services Rev Other Products And Services Rev Total Rev
2023 147.2B 65B 66.9B 64.7B 15.5B 17.1B 15B 12.1B 7.90B 5.80B 6.42B 0.12B 423.8B
2024 180.3B 79.8B 77B 64.8B 21.5B 17B 16.4B 12.3B 7.59B 6.83B 6.65B 0.04B 490.2B
2025 217.8B 98.4B 87.8B 63.9B 23.5B 17.3B 17.8B 13.9B 7.76B 7.83B 7.40B 0.07B 563.4B
TTM 510.2B 229.3B 209.2B 159.9B 56.1B 43.2B 43.2B 33.1B 19.3B 18.6B 18B 0.13B 1340.2B
% of Total (TTM) 38.1% 17.1% 15.6% 11.9% 4.2% 3.2% 3.2% 2.5% 1.4% 1.4% 1.3% 0.0% 100%

Segment Performance (Axis 2)

SEGMENTS v2025-09-09 · 2026-01-14 21:52 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year Productivity And Business Processes Rev Productivity And Business Processes OI Intelligent Cloud Rev Intelligent Cloud OI More Personal Computing Rev More Personal Computing OI Total Rev Total OI
2023 94.2B 50.1B 72.9B 28.4B 44.8B 10B 211.9B 88.5B
2024 106.8B 59.7B 87.5B 37.8B 50.8B 12B 245.1B 109.4B
2025 120.8B 69.8B 106.3B 44.6B 54.6B 14.2B 281.7B 128.5B
TTM 289B 166.4B 248.7B 106.3B 132.4B 33.8B 670.1B 306.5B
% of Total (TTM) 43.1% 37.1% 19.8% 100%

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $619,003M
1 Cash $30,242M
2 Total Liabilities $275,524M
3 Total Debt $60,588M
4 Total Equity $343,479M
5 Debt to Equity Ratio 0.18

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$459.38 4.1% Nicks Growth: 16%
Nick's Expected Margin: 35%
FINVIZ Growth: 18%
Nicks: 31
Finviz: 36
Nick's: 10.735 11.6 32.6
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$14.07 EPS TTM $431.56 -6.1% $508.94 10.8%
$15.61 EPS 2026 $478.80 4.2% $564.64 22.9%
$18.28 EPS 2027 $560.69 22.1% $661.22 43.9%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 18.14% 16.80% 18.25% 17.17% 0.62% 1.08% 17.01% 13.81% 3.4% 0.7%
3 Years 18.14% 16.80% 18.25% 17.17% 0.62% 1.08% 17.01% 13.81% 3.4% 0.7%
5 Years 18.14% 16.80% 18.25% 17.17% 0.62% 1.08% 17.01% 13.81% 3.4% 0.7%
10 Years 18.14% 16.80% 18.25% 17.17% 0.62% 1.08% 17.01% 13.81% 3.4% 0.7%

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