Microsoft annual reports

Microsoft MSFT

Microsoft fiscal 2025 annual report

Fiscal 2025 (ended Jun 30, 2025) · Filed Jul 30, 2025Original

An annual report (10-K, or 20-F for a foreign company) is the business report a US-listed company files with the SEC every year.

How much did Microsoft sell in fiscal 2025?

As stated in annual reports · fiscal 2021–2025

Fiscal 2025 revenue

$281.7B+14.9% vs prior year

Net income $101.8B · 36.1% of revenue

Microsoft revenue and net income by fiscal year
Microsoft revenue and net income by fiscal year
Fiscal yearRevenueNet income
2021$168.1B$61.3B
2022$198.3B$72.7B
2023$211.9B$72.4B
2024$245.1B$88.1B
2025$281.7B$101.8B
Fiscal 2025 (ended Jun 30, 2025) · Filed Jul 30, 2025Whalegun
Revenue
$281.7B
+14.9% vs prior year
Operating income
$128.5B
45.6% of revenue
Net income
$101.8B
+15.5% vs prior year
Diluted EPS
$13.64
Operating cash flow
$136.2B
Free cash flow
$71.6B

Key points the company states

Microsoft reports three segments: productivity, intelligent cloud and personal computing

  • Microsoft develops and sells cloud, productivity and personal computing products and services.
  • Its three segments are Productivity and Business Processes, Intelligent Cloud and More Personal Computing.
  • Intelligent Cloud includes Azure, GitHub, SQL Server and Windows Server.

Microsoft's fiscal 2025 revenue rose 15% to $281.7 billion

  • Revenue rose 15% to $281.7 billion, with growth in each segment.
  • Microsoft Cloud revenue rose 23% to $168.9 billion.
  • Operating income rose 17% to $128.5 billion and net income rose 16% to $101.8 billion.