Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $91.2B | $96.6B | $110B | $126B | $143B | $168B | $198B | $212B | $245B | $282B |
| Revenue growth | — | 5.9% | 14.3% | 14.0% | 13.6% | 17.5% | 18.0% | 6.9% | 15.7% | 14.9% |
| Gross profit | $58.4B | $62.3B | $72.0B | $82.9B | $96.9B | $116B | $136B | $146B | $171B | $194B |
| Gross margin | 64.0% | 64.5% | 65.2% | 65.9% | 67.8% | 68.9% | 68.4% | 68.9% | 69.8% | 68.8% |
| Operating income | $26.1B | $29.0B | $35.1B | $43.0B | $53.0B | $69.9B | $83.4B | $88.5B | $109B | $129B |
| Operating margin | 28.6% | 30.1% | 31.8% | 34.1% | 37.0% | 41.6% | 42.1% | 41.8% | 44.6% | 45.6% |
| Net income | $20.5B | $25.5B | $16.6B | $39.2B | $44.3B | $61.3B | $72.7B | $72.4B | $88.1B | $102B |
| Net margin | 22.5% | 26.4% | 15.0% | 31.2% | 31.0% | 36.5% | 36.7% | 34.1% | 36.0% | 36.1% |
| EPS (diluted) | $2.56 | $3.25 | $2.13 | $5.06 | $5.76 | $8.05 | $9.65 | $9.68 | $11.80 | $13.64 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $33.3B | $39.5B | $43.9B | $52.2B | $60.7B | $76.7B | $89.0B | $87.6B | $119B | $136B |
| Capital expenditures | $8.34B | $8.13B | $11.6B | $13.9B | $15.4B | $20.6B | $23.9B | $28.1B | $44.5B | $64.6B |
| Free cash flow | $25.0B | $31.4B | $32.3B | $38.3B | $45.2B | $56.1B | $65.1B | $59.5B | $74.1B | $71.6B |
| Share buybacks | $16.0B | $11.8B | $10.7B | $19.5B | $23.0B | $27.4B | $32.7B | $22.2B | $17.3B | $18.4B |
| Dividends paid | $11.0B | $11.8B | $12.7B | $13.8B | $15.1B | $16.5B | $18.1B | $19.8B | $21.8B | $24.1B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.51B | $7.66B | $11.9B | $11.4B | $13.6B | $14.2B | $13.9B | $34.7B | $18.3B | $30.2B |
| Total assets | $193B | $250B | $259B | $287B | $301B | $334B | $365B | $412B | $512B | $619B |
| Total liabilities | $121B | $163B | $176B | $184B | $183B | $192B | $198B | $206B | $244B | $276B |
| Long-term debt | $40.6B | $76.1B | $72.2B | $66.7B | $59.6B | $50.1B | $47.0B | $42.0B | $42.7B | $40.2B |
| Shareholders' equity | $83.1B | $87.7B | $82.7B | $102B | $118B | $142B | $167B | $206B | $268B | $343B |
| Retained earnings | $2.28B | $17.8B | $13.7B | $24.1B | $34.6B | $57.1B | $84.3B | $119B | $173B | $238B |
| Shares (wtd avg diluted) | 8.01B | 7.83B | 7.79B | 7.75B | 7.68B | 7.61B | 7.54B | 7.47B | 7.47B | 7.46B |
Every figure is extracted from MICROSOFT CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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