FY2008 – FY2025 · MSFT · CIK 789019
Microsoft Financials
Revenue, three-segment split, Azure growth, AI capex, R&D, capital returns, and the major-acquisitions roster — every chart point sourced to a 10-K filing. EDGAR XBRL pulled live.
Intelligent Cloud share (FY2025)
38%
IC revenue $106.27B of segment total $281.72B.
Azure YoY growth (FY2025)
34%
As-reported ‘Azure and other cloud services’ growth.
Capex (FY2025)
$64.55B
23% of revenue — the AI-infrastructure ramp.
R&D as % of revenue (FY2025)
11.5%
R&D $32.49B / revenue $281.72B.
Stock price (MSFT)
Live current price plus a five-year history. Updates during US market hours (9:30 a.m. – 4:00 p.m. Eastern, Monday – Friday) via TradingView's embed widget.
Most recent Microsoft SEC filings
The freshness frontier — the latest filing of each material form type, sourced live from EDGAR. The 10-K marked “Anchors this page” is the source of every value below; the others are surfaced for transparency.
10 material filings have been filed since the anchor 10-K above (3 10-Q, 5 8-K, 1 DEF 14A, 1 ARS). The financial metrics on this page (revenue, R&D, capex, capital returns, cash) reflect what's been disclosed at fiscal-year-end; quarterly cuts in the 10-Qs filed since are not yet folded into the annual charts. The 10-K marked “Anchors this page” remains the source for the per-FY values shown.
Annual revenue
As reported on the consolidated statement of operations in each year's 10-K. Microsoft's fiscal year ends June 30; FY2025 covers the year ending June 30, 2025. Sourced live from SEC EDGAR XBRL; the underlying tag is RevenueFromContractWithCustomerExcludingAssessedTax (post-ASC-606) with a fallback to Revenues for older years.
Show table
| Fiscal year | Revenue | Source |
|---|---|---|
| FY2008 | $60.42B | 10-K filed 2010-07-30 |
| FY2009 | $58.44B | 10-K filed 2010-07-30 |
| FY2010 | $62.48B | 10-K filed 2010-07-30 |
| FY2016 | $91.15B | 10-K filed 2018-08-03 |
| FY2017 | $96.57B | 10-K filed 2019-08-01 |
| FY2018 | $110.36B | 10-K filed 2020-07-30 |
| FY2019 | $125.84B | 10-K filed 2021-07-29 |
| FY2020 | $143.01B | 10-K filed 2022-07-28 |
| FY2021 | $168.09B | 10-K filed 2023-07-27 |
| FY2022 | $198.27B | 10-K filed 2024-07-30 |
| FY2023 | $211.91B | 10-K filed 2025-07-30 |
| FY2024 | $245.12B | 10-K filed 2025-07-30 |
| FY2025 | $281.72B | 10-K filed 2025-07-30 |
Revenue by segment
Microsoft's three reportable segments: Productivity & Business Processes (Microsoft 365 Commercial & Consumer, LinkedIn, Dynamics), Intelligent Cloud (Azure and other cloud services, Server products, Enterprise & partner services), and More Personal Computing (Windows, Devices, Gaming including Xbox content / services and Activision Blizzard, Search and news advertising). In August 2024 Microsoft restructured the segments — most notably moving the commercial Microsoft 365 components into PBP. The FY2023 and FY2024 values shown here are the FY2025 10-K's recast values, conformed to the new structure. Hand-curated from each year's 10-K MD&A 'Segment Results of Operations' table; EDGAR companyfacts does not expose segment-disaggregated facts.
Show table
| FY | PBP rev | IC rev | MPC rev | IC % | PBP op inc | IC op inc | MPC op inc | Source |
|---|---|---|---|---|---|---|---|---|
| FY2023 | $94.15B | $72.94B | $44.82B | 34% | $50.07B | $28.41B | $10.04B | 10-K filed 2025-07-30 |
| FY2024 | $106.82B | $87.46B | $50.84B | 36% | $59.66B | $37.81B | $11.96B | 10-K filed 2025-07-30 |
| FY2025 | $120.81B | $106.27B | $54.65B | 38% | $69.77B | $44.59B | $14.17B | 10-K filed 2025-07-30 |
Azure and other cloud services — YoY growth rate
Microsoft does not disclose Azure's absolute revenue dollar amount; it discloses a year-over-year growth percentage in each fiscal year's 10-K MD&A. The line below shows that as-reported growth percentage. Azure sits inside the Intelligent Cloud segment (alongside Server products and Enterprise & partner services); the segment-level revenue is on the chart above, but Azure-specific dollar revenue is not separately broken out by Microsoft.
Show table
| FY | Azure YoY growth | Source |
|---|---|---|
| FY2023 | 29% | 10-K filed 2023-07-27 |
| FY2024 | 30% | 10-K filed 2024-07-30 |
| FY2025 | 34% | 10-K filed 2025-07-30 |
Capital expenditures (the AI infrastructure ramp)
Annual cash spent on property, plant, and equipment — the core capex line on Microsoft's cash-flow statement. Bar height is absolute dollars; the percentage in each label is capex as a share of revenue that fiscal year. The FY2024 and FY2025 inflection reflects Microsoft's AI-infrastructure build-out (datacenters, GPUs, networking) tied to OpenAI capacity and Azure AI services. Sourced live from SEC EDGAR XBRL (PaymentsToAcquirePropertyPlantAndEquipment). This series captures the cash-paid component; finance-lease commitments — another vehicle Microsoft uses for datacenter capacity — are disclosed in the 10-K's leases note and not added here in v1.
Show table
| FY | Capex | Revenue | % of revenue |
|---|---|---|---|
| FY2008 | $3.18B | $60.42B | 5.3% |
| FY2009 | $3.12B | $58.44B | 5.3% |
| FY2010 | $1.98B | $62.48B | 3.2% |
| FY2011 | $2.35B | — | — |
| FY2012 | $2.31B | — | — |
| FY2013 | $4.26B | — | — |
| FY2014 | $5.49B | — | — |
| FY2015 | $5.94B | — | — |
| FY2016 | $8.34B | $91.15B | 9.2% |
| FY2017 | $8.13B | $96.57B | 8.4% |
| FY2018 | $11.63B | $110.36B | 10.5% |
| FY2019 | $13.93B | $125.84B | 11.1% |
| FY2020 | $15.44B | $143.01B | 10.8% |
| FY2021 | $20.62B | $168.09B | 12.3% |
| FY2022 | $23.89B | $198.27B | 12.0% |
| FY2023 | $28.11B | $211.91B | 13.3% |
| FY2024 | $44.48B | $245.12B | 18.1% |
| FY2025 | $64.55B | $281.72B | 22.9% |
Capital returns: buybacks & dividends
Cash returned to shareholders via share buybacks (the PaymentsForRepurchaseOfCommonStock line) plus common-stock dividends (the PaymentsOfDividendsCommonStock line). Cumulative across the years shown below: $491.50B. Both series are sourced live from SEC EDGAR XBRL.
Show table
| FY | Buybacks | Dividends | Total | Cumulative |
|---|---|---|---|---|
| FY2008 | $12.53B | $4.01B | $16.55B | $16.55B |
| FY2009 | $9.35B | $4.47B | $13.82B | $30.37B |
| FY2010 | $11.27B | $4.58B | $15.85B | $46.22B |
| FY2011 | $11.55B | $5.18B | $16.73B | $62.95B |
| FY2012 | $5.03B | $6.38B | $11.41B | $74.36B |
| FY2013 | $5.36B | $7.46B | $12.81B | $87.18B |
| FY2014 | $7.32B | $8.88B | $16.20B | $103.38B |
| FY2015 | $14.44B | $9.88B | $24.32B | $127.70B |
| FY2016 | $15.97B | $11.01B | $26.98B | $154.68B |
| FY2017 | $11.79B | $11.85B | $23.63B | $178.31B |
| FY2018 | $10.72B | $12.70B | $23.42B | $201.73B |
| FY2019 | $19.54B | $13.81B | $33.35B | $235.08B |
| FY2020 | $22.97B | $15.14B | $38.10B | $273.19B |
| FY2021 | $27.39B | $16.52B | $43.91B | $317.09B |
| FY2022 | $32.70B | $18.14B | $50.83B | $367.92B |
| FY2023 | $22.25B | $19.80B | $42.05B | $409.97B |
| FY2024 | $17.25B | $21.77B | $39.02B | $448.99B |
| FY2025 | $18.42B | $24.08B | $42.50B | $491.50B |
R&D spending
Annual research-and-development expense. Bar height is absolute dollars; the percentage in each label is R&D as a share of revenue. Microsoft consistently runs R&D in the low-double-digit percent of revenue. Sourced live from SEC EDGAR XBRL (ResearchAndDevelopmentExpense).
Show table
| FY | R&D | Revenue | % of revenue |
|---|---|---|---|
| FY2008 | $8.16B | $60.42B | 13.5% |
| FY2009 | $9.01B | $58.44B | 15.4% |
| FY2010 | $8.71B | $62.48B | 13.9% |
| FY2011 | $9.04B | — | — |
| FY2012 | $9.81B | — | — |
| FY2013 | $10.41B | — | — |
| FY2014 | $11.38B | — | — |
| FY2015 | $12.05B | — | — |
| FY2016 | $11.99B | $91.15B | 13.2% |
| FY2017 | $13.04B | $96.57B | 13.5% |
| FY2018 | $14.73B | $110.36B | 13.3% |
| FY2019 | $16.88B | $125.84B | 13.4% |
| FY2020 | $19.27B | $143.01B | 13.5% |
| FY2021 | $20.72B | $168.09B | 12.3% |
| FY2022 | $24.51B | $198.27B | 12.4% |
| FY2023 | $27.20B | $211.91B | 12.8% |
| FY2024 | $29.51B | $245.12B | 12.0% |
| FY2025 | $32.49B | $281.72B | 11.5% |
Major acquisitions
Headline transaction values from announcement, in USD billions. Acquisition-attributable revenue is rolled into the segment line that absorbs the target (LinkedIn into Productivity & Business Processes; GitHub into Intelligent Cloud; Activision Blizzard into More Personal Computing) and is not separately disclosed.
| Closed | Target | Headline price | Category |
|---|---|---|---|
| 2011-05-10 | Skype Technologies | $8.5B | communications |
| 2016-12-08 | $26.2B | social/professional | |
| 2018-10-26 | GitHub | $7.5B | developer platform |
| 2022-03-04 | Nuance Communications | $19.7B | healthcare AI |
| 2023-10-13 | Activision Blizzard | $69.0B | gaming |
Other metrics
Operating income, net income, stock-based compensation, operating cash flow, and year-end cash & equivalents — the standard 10-K-derived secondary metrics. Last ten fiscal years shown. All values pulled live from SEC EDGAR XBRL.
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income | $26.08B | $29.02B | $35.06B | $42.96B | $52.96B | $69.92B | $83.38B | $88.52B | $109.43B | $128.53B |
| Net Income | $20.54B | $25.49B | $16.57B | $39.24B | $44.28B | $61.27B | $72.74B | $72.36B | $88.14B | $101.83B |
| Stock-Based Compensation | $2.67B | $3.27B | $3.94B | $4.65B | $5.29B | $6.12B | $7.50B | $9.61B | $10.73B | $11.97B |
| Operating Cash Flow | $33.33B | $39.51B | $43.88B | $52.19B | $60.67B | $76.74B | $89.03B | $87.58B | $118.55B | $136.16B |
| Cash & Equivalents | $6.51B | $7.66B | $11.95B | $11.36B | $13.58B | $14.22B | $13.93B | $34.70B | $18.32B | $30.24B |
Key events on the revenue timeline
Product launches, leadership transitions, acquisitions, and disclosure changes that shape the revenue arc above.
- 1986-03-13milestoneMicrosoft IPO on Nasdaq
- 1995-08-24productWindows 95 launched
- 2000-01-13leadershipSteve Ballmer becomes CEO
- 2010-02-01productAzure general availability
- 2014-02-04leadershipSatya Nadella becomes CEO
- 2016-12-08acquisitionLinkedIn acquisition closed ($26.2B)
- 2018-10-26acquisitionGitHub acquisition closed ($7.5B)
- 2019-07-22milestoneOpenAI strategic partnership announced ($1B initial)
- 2022-03-04acquisitionNuance Communications acquisition closed ($19.7B)
- 2023-01-18disclosureLayoffs announced (~10,000 employees)
- 2023-01-23milestoneOpenAI second strategic investment (~$10B reported)
- 2023-10-13acquisitionActivision Blizzard acquisition closed ($69B)
- 2024-08-01disclosureSegment composition changes announced (effective FY2025)
- 2025-07-02disclosureLayoffs announced (~9,000 employees, fourth round)
Methodology & data sources
Live data. Annual revenue, gross profit, R&D, operating income, net income, stock-based compensation, operating cash flow, capital expenditures (PP&E), share-buyback cash, dividends paid, and year-end cash & equivalents are sourced live from Microsoft's SEC EDGAR XBRL company-facts endpoint. If EDGAR is unreachable when the page is being prepared, the page is not updated, so visitors never see stale fallback numbers.
Hand-curated, source-tagged. Microsoft's segment-disaggregated revenue and operating income (PBP / IC / MPC), the per-FY Azure-and-other-cloud-services YoY growth rate (Microsoft does not disclose Azure's absolute revenue dollar amount), and the major-acquisitions roster are not exposed in the EDGAR companyfacts JSON. Each value is hand-curated from the underlying 10-K filing and tagged with the filing's accession number. When a newer 10-K is filed than the one a value was last verified against, a "Verification due" banner appears next to the affected section.
Segment restructure note. In August 2024 Microsoft announced changes to its segment composition, most notably moving the commercial Microsoft 365 components into Productivity & Business Processes. The FY2023 and FY2024 values shown here are the FY2025 10-K's recast values, conformed to the new structure. The earlier 10-Ks themselves used the older structure; this page does not attempt to surface those older as-filed values, since they are not directly comparable to the recast series.
Refresh cadence. Hand-curated segment and Azure-growth values are re-verified quarterly, aligned with Microsoft's fiscal-year cadence (FY ends June 30; FY10-K typically lands in late July; 10-Qs in late October / late January / late April).
What's intentionally not here. Live market cap (live share-price × stale share counts produces a number that is routinely wrong; visitors can read market cap from any public quote source). Forward guidance, analyst estimates, and price targets (out of scope — the page is reported actuals). Editorial framing about whether the stock is over- or under-valued. OpenAI's standalone financials — Microsoft discloses what it commits to and the equity-method P&L impact through OI&E, but the page does not try to reconstruct OpenAI's revenue from Microsoft's filings. An absolute Azure revenue series — Microsoft does not disclose Azure dollar revenue, only the YoY growth percentage shown above; reconstruction from the percentage requires anchor estimates that are out of scope for v1.
Cross-references. Tech Filings for every Microsoft SEC filing in chronological order. Federal Tech Spending for the US-government IT-procurement side (Microsoft is a top federal IT vendor). Microsoft's row on the Orgs index for the company profile. Windows Versions, .NET Versions, and C# Versions for the product-line release history that overlays the revenue story.
Last updated: 2026-04-30 14:39 UTC. Latest 10-K on EDGAR: 0000950170-25-100235 filed 2025-07-30. Hand-curated source-tag anchor: 0000950170-25-100235.