What are Microsoft's profit margins?

Microsoft (MSFT) runs a 68.3% gross margin and a 46.8% operating margin, with a 39.3% net margin.

Where do Microsoft's ratios come from?

Every ratio is computed from Microsoft's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Microsoft MSFT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	276.7%-2.2pp	278.8%+5.1pp	273.8%-1.0pp	274.8%+0.9pp
Operating margin	180.3%+3.8pp	176.5%+11.6pp	164.9%-4.4pp	169.3%+10.1pp
Net margin	143%-1.0pp	144%+9.2pp	134.8%-16.5pp	151.3%+14.1pp
Returns
Return on equity	136.8%-17.1pp	153.9%-5.7pp	159.6%-34.6pp	194.2%+18.1pp
Return on invested capital	114.8%-9.8pp	124.6%+5.1pp	119.5%-13.6pp	133.1%+22.4pp
Efficiency
Asset turnover	2.1×-0.1×	2.2×-0.1×	2.3×0.0×	2.3×+0.2×
Liquidity
Current ratio	5.4×0.0×	5.4×-2.1×	7.5×-0.7×	8.2×-1.3×
Leverage
Debt-to-equity	1.3×-0.1×	1.4×-0.3×	1.7×-0.3×	2×-0.5×
Net debt / EBITDA	2.2×+0.5×	1.6×-0.5×	2.2×-0.5×	2.7×-0.9×
Per Share
Book value per share	$168.20+28.1%	$131.31+29.5%	$101.38+19.3%	$84.98+22.0%
Valuation
Market capitalization	$12.77T+10.2%	$11.59T+41.4%	$8.2T-7.6%	$8.87T+25.8%
Price / earnings	133.8×-4.5×	138.3×+20.8×	117.4×-7.6×	125×-5.6×
Price / sales	47.8×-2.0×	49.8×+10.2×	39.6×-7.8×	47.4×+2.6×
Price / book	40.7×-6.3×	47.1×+4.0×	43×-12.4×	55.4×+2.3×
EV / EBITDA	88.1×-9.0×	97×+12.4×	84.6×-13.9×	98.5×+0.5×
Dividend yield	2.9%0.0pp	2.9%-0.9pp	3.8%+0.6pp	3.2%-0.5pp

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Questions, answered.

What are Microsoft's profit margins?: Microsoft (MSFT) runs a 68.3% gross margin and a 46.8% operating margin, with a 39.3% net margin.
Where do Microsoft's ratios come from?: Every ratio is computed from Microsoft's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.