---
title: "Microsoft (MSFT) Revenue"
description: "Microsoft annual revenue and earnings history from FY2014 to FY2024. Azure cloud growth, Office 365, net income, EPS, and net profit margins by fiscal year."
canonical: https://www.getswoopr.com/tables/company/microsoft-revenue-earnings-history/
source: "Swoopr Investment: https://www.getswoopr.com"
---

## Direct Answer



> Microsoft reported $245 billion in revenue for fiscal year 2024 (ending June 2024), with net income of $88 billion and a 36% net profit margin. Azure cloud business drove revenue growth from $143 billion in FY2019 to $245 billion in FY2024. Operating segments: Intelligent Cloud (Azure, $105B), Productivity and Business Processes (Office, $78B), More Personal Computing (Windows, Xbox, $62B).








# Microsoft (MSFT) Annual Revenue and Earnings History



## Microsoft annual revenue, net income, EPS, and net margin (FY2014-FY2024)



| Fiscal Year | Revenue (B) | Net Income (B) | EPS | Net Margin |
| --- | --- | --- | --- | --- |
| FY2014 | $86.8 | $22.1 | $2.63 | 25.5% |
| FY2016 | $85.3 | $16.8 | $2.10 | 19.7% |
| FY2017 | $90.0 | $21.2 | $2.71 | 23.5% |
| FY2018 | $110.4 | $16.6 | $2.13 | 15.0% |
| FY2019 | $125.8 | $39.2 | $5.06 | 31.2% |
| FY2020 | $143.0 | $44.3 | $5.76 | 31.0% |
| FY2021 | $168.1 | $61.3 | $8.05 | 36.5% |
| FY2022 | $198.3 | $72.7 | $9.65 | 36.7% |
| FY2023 | $211.9 | $72.4 | $9.72 | 34.1% |
| FY2024 | $245.1 | $88.1 | $11.80 | 35.9% |

![Line chart of Microsoft annual revenue, net income, EPS, and net margin (FY2014-FY2024), FY2014 to FY2024, with 2 series. Revenue (B) starts at $86.8, peaks at $245.1 in FY2024, falls to a low of $85.3 in FY2016 and ends at $245.1 in FY2024.](https://www.getswoopr.com/images/charts/tables-company-microsoft-revenue-earnings-history-1.webp)
*Microsoft annual revenue, net income, EPS, and net margin (FY2014-FY2024), charted from the table above. Select the chart to open it full size.*



Source: [Microsoft Investor Relations Earnings](https://www.microsoft.com/en-us/investor/earnings/). Note: FY2018 net income depressed by TCJA one-time charge. Last verified: September 2026.



## Frequently asked questions



What transformed Microsoft under Satya Nadella?

Satya Nadella became CEO in February 2014, inheriting a declining Windows PC business. His transformation centered on: (1) Azure cloud -- building Microsoft's cloud infrastructure business into a direct competitor to AWS, growing from essentially nothing to $100+ billion annually; (2) subscription pivot -- transitioning Office from one-time purchase to Office 365/Microsoft 365 recurring subscriptions; (3) mobile-first, cloud-first strategy that reduced dependence on Windows licensing; (4) strategic acquisitions (LinkedIn $26B, GitHub $7.5B, Activision $69B, Nuance $16B). Revenue grew from $86 billion in FY2014 to $245 billion in FY2024.



How large is Azure compared to AWS?

AWS (Amazon Web Services) remains the largest cloud provider with approximately 30-32% market share. Microsoft Azure is second at approximately 22-24% market share. Google Cloud is third at approximately 11-12%. Azure grew faster than AWS in the FY2021-2024 period, narrowing the gap, though AWS remains substantially larger in absolute revenue. Microsoft's advantage is enterprise integration: Azure sells well into organizations already running Office 365, Teams, and Azure Active Directory.



Does Microsoft pay a dividend?

Yes. Microsoft has paid dividends since 2003 and has increased them every year since 2004. As of FY2024, the quarterly dividend is $0.75/share ($3.00/year annualized), yielding approximately 0.7-0.8% on a stock at around $400. Microsoft also conducts significant share buybacks. In FY2024, Microsoft returned approximately $34 billion through dividends and buybacks combined. The payout ratio is approximately 25%, leaving significant cash retained for investment and acquisitions. Dividend growth has been consistent at approximately 10-12% per year.







## Cite This Page



If you reference this table in your own work, use the following citation format and add the date you accessed it:



> Swoopr Editorial Team. (2026). *Microsoft (MSFT) Annual Revenue and Earnings History*. Swoopr Investment. [https://www.getswoopr.com/tables/company/microsoft-revenue-earnings-history/](https://www.getswoopr.com/tables/company/microsoft-revenue-earnings-history/)



Check the figures against the primary sources listed under References before you rely on or republish them; the series they come from are revised.







## References



- [Microsoft: Investor Relations Earnings](https://www.microsoft.com/en-us/investor/earnings/)







[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/) produces independent investment education and research content.



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