MICROSOFT CORPORATION

MSFT · CIK 0000789019

18 fiscal years · 70 SEC filings · every number carries its receipt

Revenue (FY)

$281.72B14.9%

FY2025

Net income (FY)

$101.83B15.5%

FY2025

Free cash flow (FY)

$71.61B3.3%

FY2025

Diluted EPS (FY)

$13.6415.6%

FY2025

The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 4.7× since FY2008 · net margin 29.3% → 36.1%

MarginsNet marginFCF margin

FY2025: net 36.1% · free cash flow 25.4% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $136.16B operating cash − $64.55B capex = $71.61B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 37% (FY2009) → 30% (FY2025) · on assets 16.5%

Balance sheetLiabilitiesEquity

FY2025: $619.00B assets · $275.52B liabilities · $343.48B equity

The receipts