---
title: "Microsoft: Metrics Guide"
description: "Microsoft revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained."
canonical: https://www.getswoopr.com/stocks/companies/microsoft/metrics/
source: "Swoopr Investment: https://www.getswoopr.com"
---

## Direct Answer

> This guide identifies the key financial and operating metrics for Microsoft (MSFT), covering the Intelligent Cloud, Productivity and Business Processes, and More Personal Computing segments, explaining what each metric measures and how it connects to Microsoft's recurring-revenue model, AI monetization, and capital-return capacity.

# Microsoft Financial Metrics & KPI Guide

## What Are Microsoft's Key Financial Figures?

| Fiscal year | FY2025ended June 30, 2025 | FY2024ended June 30, 2024 | FY2023ended June 30, 2023 | FY2022ended June 30, 2022 |
| --- | --- | --- | --- | --- |
| Revenue | $282 billion | $245 billion | $212 billion | $198 billion |
| Operating income | $129 billion | $109 billion | $88.5 billion | $83.4 billion |
| Operating margin | 45.6% | 44.6% | 41.8% | 42.1% |
| Net income | $102 billion | $88.1 billion | $72.4 billion | $72.7 billion |
| Net margin | 36.1% | 36.0% | 34.1% | 36.7% |
| Operating cash flow | $136 billion | $119 billion | $87.6 billion | $89.0 billion |
| Capital expenditures | $64.6 billion | $44.5 billion | $28.1 billion | $23.9 billion |
| Free cash flow | $71.6 billion | $74.1 billion | $59.5 billion | $65.1 billion |

Operating margin widened by 1.0 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $71.6 billion against net income of $102 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.

![Bar chart of Microsoft revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $282 billion, operating income $129 billion and net income $102 billion.](https://www.getswoopr.com/images/charts/microsoft-metrics-revenue-profit.webp)
*Microsoft revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.*

![Line chart of Microsoft operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 45.6% and net margin was 36.1%.](https://www.getswoopr.com/images/charts/microsoft-metrics-margins.webp)
*Microsoft operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.*

![Bar chart of Microsoft operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $136 billion, capital expenditures was $64.6 billion, free cash flow was $71.6 billion.](https://www.getswoopr.com/images/charts/microsoft-metrics-cash-flow.webp)
*Microsoft operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.*

## What Does Microsoft's Balance Sheet Show?

| Cash and cash equivalents | $30.2 billion |
| --- | --- |
| Long-term debt | $40.2 billion |
| Total assets | $619 billion |
| Total liabilities | $276 billion |
| Shareholders' equity | $343 billion |
| Current ratio | 1.4x |

Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.

## Where These Numbers Come From

Every figure on this page is a value Microsoft reported in its own SEC filings, read from the SEC's XBRL data (accession 0001193125-26-323660 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.

Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What was Microsoft's revenue in fiscal 2025?

Microsoft reported revenue of $282 billion for the fiscal year ended June 30, 2025, according to its SEC filings.

### What is Microsoft's operating margin?

Microsoft's operating margin was 45.6% in fiscal 2025: operating income of $129 billion on revenue of $282 billion.

### How much free cash flow did Microsoft generate?

Operating cash flow of $136 billion less capital expenditures of $64.6 billion gives free cash flow of $71.6 billion for fiscal 2025.

## References

- [SEC EDGAR: MICROSOFT CORP Form 10-K filed July 29, 2026](https://www.sec.gov/Archives/edgar/data/789019/000119312526323660/msft-20260630.htm)
- [SEC EDGAR: MICROSOFT CORP annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=789019&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)

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**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).