Microsoft Corporation (MSFT) Earnings History
Elite Compounder37 years of earnings data (1989–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Microsoft Corporation (MSFT) Earnings Overview
As of June 20, 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% |
| 2015 | $12.19B | -44.8% | $18.16B | $1.48 | 13.0% | 19.4% |
| 2014 | $22.07B | +1.0% | $27.76B | $2.63 | 25.4% | 32.0% |
| 2013 | $21.86B | +28.8% | $26.76B | $2.58 | 28.1% | 34.4% |
| 2012 | $16.98B | -26.7% | $21.76B | $2.00 | 23.0% | 29.5% |
| 2011 | $23.15B | +23.4% | $27.16B | $2.69 | 33.1% | 38.8% |
| 2010 | $18.76B | +28.8% | $24.10B | $2.10 | 30.0% | 38.6% |
| 2009 | $14.57B | -17.6% | $20.36B | $1.62 | 24.9% | 34.8% |
| 2008 | $17.68B | +25.7% | $22.27B | $1.87 | 29.3% | 36.9% |
| 2007 | $14.06B | +11.6% | $18.44B | $1.42 | 27.5% | 36.1% |
| 2006 | $12.60B | +2.8% | $16.47B | $1.20 | 28.5% | 37.2% |
| 2005 | $12.25B | +50.0% | $14.56B | $1.12 | 30.8% | 36.6% |
| 2004 | $8.17B | +8.5% | $9.03B | $0.75 | 22.2% | 24.5% |
| 2003 | $7.53B | -3.8% | $9.54B | $0.69 | 23.4% | 29.7% |
| 2002 | $7.83B | +6.6% | $11.91B | $0.70 | 27.6% | 42.0% |
| 2001 | $7.35B | -22.0% | $11.72B | $0.66 | 29.0% | 46.3% |
| 2000 | $9.42B | +21.0% | $11.01B | $0.85 | 41.0% | 47.9% |
| 1999 | $7.79B | +73.4% | $10.04B | $0.71 | 39.4% | 50.9% |
| 1998 | $4.49B | +30.0% | $6.71B | $0.42 | 29.4% | 44.0% |
| 1997 | $3.45B | +57.4% | $4.87B | $0.33 | 28.9% | 40.8% |
| 1996 | $2.19B | +51.1% | $3.08B | $0.22 | 25.3% | 35.5% |
| 1995 | $1.45B | +26.8% | $2.04B | $0.14 | 24.5% | 34.3% |
| 1994 | $1.15B | +20.3% | $1.73B | $0.12 | 24.7% | 37.1% |
| 1993 | $953M | +34.6% | $1.33B | $0.10 | 25.4% | 35.3% |
| 1992 | $708M | +53.0% | $996M | $0.08 | 25.7% | 36.1% |
| 1991 | $463M | +65.7% | $650M | $0.06 | 25.1% | 35.3% |
| 1990 | $279M | +63.8% | $393M | $0.04 | 23.6% | 33.2% |
| 1989 | $171M | - | $242M | $0.03 | 21.2% | 30.1% |
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MSFT — Frequently Asked Questions
Quick answers to the most common questions about buying MSFT stock.
What is MSFT earnings per share (EPS)?
MSFT trailing twelve-month (TTM) diluted EPS is $16.82, reflecting +15.6% year-over-year growth. The 5-year EPS CAGR is +18.8%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Microsoft Corporation's net income?
Microsoft Corporation (MSFT) trailing twelve-month net income is $125.2B as of 2025. Earnings grew +15.6% year-over-year. Microsoft Corporation has been profitable for 37 consecutive years.
Is MSFT profitable?
Yes, MSFT is profitable with a TTM net income of $125.2B and a net profit margin of +36.1%. Microsoft Corporation has generated profits for 37 consecutive years.
What is MSFT's earnings growth rate?
MSFT compound annual EPS growth rates (CAGR): 1-Year: +15.6%, 3-Year: +12.2%, 5-Year: +18.8%, 10-Year: +24.9%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are MSFT's profit margins?
Microsoft Corporation net profit margin is +36.1%, operating margin is +45.6%, and gross margin is +68.8%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +33.3%.
Is MSFT growing earnings?
Yes, MSFT earnings are accelerating — EPS growth of +15.6% exceeds the 5-year CAGR of +18.8%. TTM net income reached $125.2B. Earnings momentum is strengthening.
What was MSFT's best earnings year?
Microsoft Corporation's highest annual net income on record is $101.8B, achieved in fiscal year 2025. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were MSFT's earnings last quarter?
MSFT's most recent reported quarter was Q3 2026. Net income was $31.8B with diluted EPS of $4.27. For a full breakdown of all quarters, see the quarterly earnings table on this page.