Operating Income for Microsoft (MSFT)
According to Microsoft's latest reported financial statements, the company's current operating income (TTM) is $148.96B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MSFT
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$148.96B
YoY change
+17.4%
5Y CAGR
+19.4%
Peak year (2025)
$128.53B
Cumulative operating income
$989.34B
Operating Income history chart for Microsoft (MSFT) from 1986 to 2025
Operating Income history table for Microsoft (MSFT) from 1986 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $128.53B | +17.4% | ||
| 2024 | $109.43B | +23.6% | ||
| 2023 | $88.52B | +6.2% | ||
| 2022 | $83.38B | +19.3% | ||
| 2021 | $69.92B | +32.0% | ||
| 2020 | $52.96B | +23.3% | ||
| 2019 | $42.96B | +22.5% | ||
| 2018 | $35.06B | +20.8% | ||
| 2017 | $29.02B | +11.3% | ||
| 2016 | $26.08B | +43.6% | ||
| 2015 | $18.16B | -34.6% | ||
| 2014 | $27.76B | +3.7% | ||
| 2013 | $26.76B | +23.0% | ||
| 2012 | $21.76B | -19.9% | ||
| 2011 | $27.16B | +12.7% | ||
| 2010 | $24.10B | +18.3% | ||
| 2009 | $20.36B | -8.6% | ||
| 2008 | $22.27B | +20.8% | ||
| 2007 | $18.44B | +11.9% | ||
| 2006 | $16.47B | +13.1% | ||
| 2005 | $14.56B | +61.2% | ||
| 2004 | $9.03B | -5.4% | ||
| 2003 | $9.54B | -19.9% | ||
| 2002 | $11.91B | +1.6% | ||
| 2001 | $11.72B | +6.5% | ||
| 2000 | $11.01B | +9.6% | ||
| 1999 | $10.04B | +49.7% | ||
| 1998 | $6.71B | +37.8% | ||
| 1997 | $4.87B | +58.3% | ||
| 1996 | $3.08B | +51.0% | ||
| 1995 | $2.04B | +18.1% | ||
| 1994 | $1.73B | +30.2% | ||
| 1993 | $1.33B | +33.1% | ||
| 1992 | $996.00M | +53.3% | ||
| 1991 | $649.80M | +65.3% | ||
| 1990 | $393.20M | +62.3% | ||
| 1989 | $242.20M | +29.2% | ||
| 1988 | $187.40M | +47.7% | ||
| 1987 | $126.90M | +108.4% | ||
| 1986 | $60.90M | — |
Operating Income values are taken from Microsoft's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Microsoft (MSFT) most recent annual operating income stands at $128.53B (2025) – grew 17.4% year-over-year.
Across 2020–2025 (5 years), Microsoft operating income produced a CAGR of +19.4% – sustaining 10 straight years of year-over-year growth.
Across the available history, operating income reached its high of $128.53B in 2025 and its low of $60.90M in 1986.
Among 8 Technology peers, Microsoft (MSFT) ranks 4th; the peer median for operating income is $21.58B.
Microsoft Operating Income by Year
Microsoft Operating Income 2025: $128.53B
Microsoft operating income in 2025 was $128.53B, grew 17.4% from 2024. This figure represents the highest annual value in the available history.
Microsoft Operating Income 2024: $109.43B
Microsoft operating income in 2024 was $109.43B, grew 23.6% from 2023.
Microsoft Operating Income 2023: $88.52B
Microsoft operating income in 2023 was $88.52B, grew 6.2% from 2022.
Microsoft Operating Income 2022: $83.38B
Microsoft operating income in 2022 was $83.38B, grew 19.3% from 2021.
Microsoft Operating Income 2021: $69.92B
Microsoft operating income in 2021 was $69.92B.
See more financial history for Microsoft (MSFT).
Sector peers — Operating Income
Companies in the same sector as Microsoft, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| Oracle Corporation (ORCL) | $17.68B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Microsoft's operating income?
- Latest reported operating income for Microsoft (MSFT) is $148.96B (period ending March 31, 2026).
How has Microsoft operating income changed year-over-year?
- Microsoft (MSFT) operating income changed +17.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Microsoft operating income?
- Microsoft (MSFT) operating income compound annual growth rate is +19.4% over the most recent 5 years available.
When did Microsoft operating income hit its highest annual value?
- Microsoft operating income reached its highest annual value of $128.53B in 2025.
What was Microsoft operating income in 2024?
- Microsoft (MSFT) operating income in 2024 was $109.43B.
What was Microsoft operating income in 2025?
- Microsoft (MSFT) operating income in 2025 was $128.53B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
MSFT Overview
Company profile, financial tools, and key metrics
MSFT Revenue Counter
Earns $10,092 every second. See per minute, hour, and day.
MSFT Earnings Counter
Earns $3,971 per second net profit. See per minute, hour, and day.
MSFT Economic Scale
Exceeds Portugal's GDP. Compare with world economies.
MSFT What If Invested
What if you had invested $1,000? See historical returns from any date.
MSFT How It Makes Money
Discover visual breakdown of $318.27B in revenue — where it comes from and where it goes.
MSFT Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
MSFT Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
MSFT Daily Price Character
Balanced · 49.8% historical win rate (green days). Streaks & record days.
MSFT Buybacks
0.81% TTM buyback yield. Shareholder yield & SBC comparison.
MSFT Stock Split History
9 splits on record. Dates, ratios, and cumulative multiple.
MSFT Dividend Profile
Yield: 0.82%. Safety: 6/8. See full history.
MSFT Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
MSFT Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.