Microsoft Corporation (MSFT) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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MSFT EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
MSFT Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 68.8% | 45.6% | 36.1% |
| 2024 | 69.8% | 44.6% | 36.0% |
| 2023 | 68.9% | 41.8% | 34.1% |
| 2022 | 68.4% | 42.1% | 36.7% |
| 2021 | 68.9% | 41.6% | 36.5% |
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Microsoft Corporation (MSFT) Earnings Overview
As of May 6, 2026, Microsoft Corporation (MSFT) reported trailing twelve-month net income of $125.22B, reflecting +15.6% year-over-year growth. The company earned $16.82 per diluted share over the past four quarters, with a net profit margin of 36.1%.
Looking at the long-term picture, MSFT's 5-year EPS compound annual growth rate (CAGR) stands at +18.8%, indicating exceptional earnings growth. The company achieved its highest annual net income of $101.83B in fiscal 2025, representing a new all-time high.
Microsoft Corporation maintains industry-leading profitability with a gross margin of 68.8%, operating margin of 45.6%, and net margin of 36.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including AAPL ($122.58B net income, 26.9% margin), GOOGL ($160.21B net income, 32.8% margin), AMZN ($90.80B net income, 10.8% margin), MSFT has outperformed on profitability metrics. Compare MSFT vs AAPL →
MSFT Earnings vs Peers
Earnings metrics vs comparable public companies
MSFT Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $101.83B | +15.5% | $128.53B | $13.64 | 36.1% | 45.6% |
| 2024 | $88.14B | +21.8% | $109.43B | $11.80 | 36.0% | 44.6% |
| 2023 | $72.36B | -0.5% | $88.52B | $9.68 | 34.1% | 41.8% |
| 2022 | $72.74B | +18.7% | $83.38B | $9.65 | 36.7% | 42.1% |
| 2021 | $61.27B | +38.4% | $69.92B | $8.05 | 36.5% | 41.6% |
| 2020 | $44.28B | +12.8% | $52.96B | $5.76 | 31.0% | 37.0% |
| 2019 | $39.24B | +136.8% | $42.96B | $5.06 | 31.2% | 34.1% |
| 2018 | $16.57B | -35.0% | $35.06B | $2.13 | 15.0% | 31.8% |
| 2017 | $25.49B | +24.1% | $29.02B | $3.25 | 26.4% | 30.1% |
| 2016 | $20.54B | +68.4% | $26.08B | $2.10 | 22.5% | 28.6% |
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Start ComparisonMSFT — Frequently Asked Questions
Quick answers to the most common questions about buying MSFT stock.
Is MSFT growing earnings?
MSFT EPS is $16.82, with earnings growth accelerating to +15.6%. This exceeds the 5-year CAGR of +18.8%. TTM net income reached $125.2B.
What are MSFT's profit margins?
Microsoft Corporation net margin is +36.1%, with operating margin at +45.6%. Above-average margins indicate pricing power.
How consistent are MSFT's earnings?
MSFT earnings data spans 1989-2025. The accelerating earnings trend is +15.6% YoY. Historical data enables comparison across business cycles.