TTM
63.1%
YoY change
+2.59pp
Trough year (2015)
27.0%
Peak year (2025)
56.9%
Latest annual
56.9%
EBITDA Margin history chart for Microsoft (MSFT) from 1986 to 2025
Latest: 56.9%
EBITDA Margin change chart for Microsoft (MSFT) from 1986 to 2025
Latest: +2.59pp
EBITDA Margin history table for Microsoft (MSFT) from 1986 to 2025
| 2025 | 56.9% | +2.59pp | ||
| 2024 | 54.3% | +4.65pp | ||
| 2023 | 49.6% | -0.94pp | ||
| 2022 | 50.6% | -0.09pp | ||
| 2021 | 50.6% | +2.81pp | ||
| 2020 | 47.8% | +1.71pp | ||
| 2019 | 46.1% | +1.31pp | ||
| 2018 | 44.8% | +2.47pp | ||
| 2017 | 42.4% | +5.60pp | ||
| 2016 | 36.8% | +9.78pp | ||
| 2015 | 27.0% | -11.75pp | ||
| 2014 | 38.7% | -1.40pp | ||
| 2013 | 40.1% | +5.38pp | ||
| 2012 | 34.7% | -9.77pp | ||
| 2011 | 44.5% | -0.04pp | ||
| 2010 | 44.6% | +6.18pp | ||
| 2009 | 38.4% | -4.62pp | ||
| 2008 | 43.0% | +4.11pp | ||
| 2007 | 38.9% | -0.35pp | ||
| 2006 | 39.2% | +0.49pp | ||
| 2005 | 38.7% | +11.00pp | ||
| 2004 | 27.7% | -6.24pp | ||
| 2003 | 34.0% | -11.83pp | ||
| 2002 | 45.8% | -6.59pp | ||
| 2001 | 52.4% | -0.99pp | ||
| 2000 | 53.4% | -2.58pp | ||
| 1999 | 56.0% | +5.30pp | ||
| 1998 | 50.7% | +5.20pp | ||
| 1997 | 45.5% | +4.44pp | ||
| 1996 | 41.0% | +2.18pp | ||
| 1995 | 38.9% | -3.37pp | ||
| 1994 | 42.2% | +2.87pp | ||
| 1993 | 39.4% | -0.82pp | ||
| 1992 | 40.2% | +0.81pp | ||
| 1991 | 39.4% | +2.22pp | ||
| 1990 | 37.1% | +3.98pp | ||
| 1989 | 33.2% | -1.27pp | ||
| 1988 | 34.4% | -4.46pp | ||
| 1987 | 38.9% | +5.11pp | ||
| 1986 | 33.8% | — |
- 202556.9%+2.59pp
- 202454.3%+4.65pp
- 202349.6%-0.94pp
- 202250.6%-0.09pp
- 202150.6%+2.81pp
- 202047.8%+1.71pp
- 201946.1%+1.31pp
- 201844.8%+2.47pp
- 201742.4%+5.60pp
- 201636.8%+9.78pp
- 201527.0%-11.75pp
- 201438.7%-1.40pp
- 201340.1%+5.38pp
- 201234.7%-9.77pp
- 201144.5%-0.04pp
- 201044.6%+6.18pp
- 200938.4%-4.62pp
- 200843.0%+4.11pp
- 200738.9%-0.35pp
- 200639.2%+0.49pp
- 200538.7%+11.00pp
- 200427.7%-6.24pp
- 200334.0%-11.83pp
- 200245.8%-6.59pp
- 200152.4%-0.99pp
- 200053.4%-2.58pp
- 199956.0%+5.30pp
- 199850.7%+5.20pp
- 199745.5%+4.44pp
- 199641.0%+2.18pp
- 199538.9%-3.37pp
- 199442.2%+2.87pp
- 199339.4%-0.82pp
- 199240.2%+0.81pp
- 199139.4%+2.22pp
- 199037.1%+3.98pp
- 198933.2%-1.27pp
- 198834.4%-4.46pp
- 198738.9%+5.11pp
- 198633.8%—
EBITDA Margin values are taken from Microsoft's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at Microsoft (MSFT)
According to Microsoft's latest reported financial statements, the company's latest reported EBITDA margin is 63.1%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Microsoft (MSFT) most recent annual EBITDA margin stands at 56.85% (2025) – expanded 2.6 percentage points year-over-year.
Across the available history, EBITDA margin reached its high of 56.85% in 2025 and its low of 26.98% in 2015.
Microsoft EBITDA Margin by Year
Microsoft EBITDA Margin 2025: 56.9%
In 2025, Microsoft reported EBITDA margin of 56.85%, expanded 2.6 percentage points from 2024. This figure represents the highest annual value in the available history.
Microsoft EBITDA Margin 2024: 54.3%
Microsoft EBITDA margin in 2024 was 54.26%, expanded 4.6 percentage points from 2023.
Microsoft EBITDA Margin 2023: 49.6%
2023's EBITDA margin for Microsoft came in at 49.61%, contracted 0.9 percentage points from 2022.
Microsoft EBITDA Margin 2022: 50.6%
Microsoft posted EBITDA margin of 50.56% in 2022, contracted 0.1 percentage points from 2021.
Microsoft EBITDA Margin 2021: 50.6%
Microsoft EBITDA margin in 2021 was 50.65%.
See more financial history for Microsoft (MSFT).
Sector peers by EBITDA Margin
Technology peers of Microsoft (MSFT), ranked by their latest EBITDA margin
| 76.0% | |
| 76.0% | |
| 63.9% | |
| 55.3% | |
| 45.7% | |
| 38.6% | |
| 35.5% | |
| 21.6% |
- 76.0%
- 76.0%
- 55.3%
- 45.7%
- 38.6%
- 35.5%
- 21.6%
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