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Microsoft Corporation

Microsoft Corporation trades under the ticker symbol MSFT on the Nasdaq. This page brings together its live stock price, an interactive price chart, and key fundamentals like market capitalization, 52-week range, dividend yield, and the next earnings date, with plain-English context to help you understand what the numbers mean.

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Executive summary

About Microsoft Corporation

Microsoft's transformation under Satya Nadella is one of the great corporate turnarounds in technology. The company pivoted from Windows-first software licensing to Azure-first cloud infrastructure, and it worked. Azure is now the second-largest cloud platform in the world.

The investment in OpenAI gave Microsoft an early lead in enterprise AI tools. Copilot is embedded across Microsoft 365, GitHub, and Azure, and the company is betting that enterprise AI adoption will deepen its existing customer relationships significantly.

Microsoft sits in an unusual position: it's both a mature, cash-generative business (Office 365, Xbox, LinkedIn) and one of the most credible AI infrastructure plays in public markets. Very few companies manage both at once.

How does Microsoft Corporation make money?

Source: Microsoft SEC filings (10-K) and investor relations · Last reviewed June 2026

Investment case

Microsoft runs two businesses at once: a mature, cash generative software franchise in Office, Windows, and LinkedIn, and one of the most credible cloud and artificial intelligence infrastructure plays in public markets. The long term question that frames the stock is whether heavy AI investment converts into durable new profit.

Educational analysis from public filings. This is not a recommendation to buy or sell any security.

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Why investors follow this company

Competitive advantages

What could go wrong

What to watch

Valuation in context

Sources: Microsoft 10-K (SEC EDGAR), Microsoft Investor Relations · Last reviewed June 2026

Concepts behind this investment case

Market Cap, Valuation, Price-to-Earnings Ratio

How management uses cash

Historically, the company has used a mix of reinvestment, buybacks, and dividends.

Reinvestment

On average, capital spending used about 29% of operating cash flow across 10 fiscal years (FY2016-FY2025) - a moderate share of the cash the business generated went back into it.

Buybacks

Reported share repurchases in 10 of the 10 fiscal years shown, totaling about $199.0B (FY2016-FY2025). The reported share count fell about 5% from FY2016 to FY2025.

Dividends

Paid a per-share dividend in each of the 10 fiscal years shown (FY2016-FY2025). The annual per-share dividend did not decline year over year in that window, rising in 9 straight year-over-year changes into FY2025. In FY2025, dividends paid totaled about $24.1B.

Debt direction

The total debt balance declined over the window: about $53.5B in FY2016 vs about $43.2B in FY2025. This describes the balance's direction, not repayments.

Cash position

As of FY2025, held about $30.2B in cash and equivalents vs about $43.2B of total debt - more total debt than cash at that date.

Derived from annual figures this company reported to the SEC (EDGAR XBRL company facts). Descriptive history only: not a forecast, not a rating, not investment advice.

Frequently asked questions

What is the investment case for Microsoft?

Microsoft runs two businesses at once: a mature, cash generative software franchise in Office, Windows, and LinkedIn, and one of the most credible cloud and artificial intelligence infrastructure plays in public markets. The long term question that frames the stock is whether heavy AI investment converts into durable new profit.

Does Microsoft have an economic moat?

Microsoft 365, Windows, Azure, and GitHub are woven deep into how companies operate, so customers rarely switch away, and that entrenched installed base is expensive for rivals to pry loose.

What is the bull case for Microsoft?

Azure is still in an early to mid stage of global cloud migration, and consumption based cloud revenue tends to compound as customer workloads grow.

What is the bear case for Microsoft?

The spending on AI data centers is large and lands as cost today, while the return on it is unproven and could take years to arrive, if it arrives at all.

What are the key risks for Microsoft?

Antitrust regulators are scrutinizing Microsoft's dominance in productivity software and its growing position in AI infrastructure. Azure faces serious competition from AWS and Google Cloud, both investing aggressively in the same enterprise customers.

How should investors think about Microsoft's valuation?

Microsoft usually trades at a premium to the broader market, so the real question is whether its durable, recurring cloud and software cash flows justify that premium against the uncertain payoff from AI spending. Weigh it using the revenue, margin, and capital expenditure figures in the company's own filings rather than any outside estimate.

What should investors watch with Microsoft?

The Azure growth rate reported each quarter, which the market treats as the single most important number for the stock.

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Educational content only. Market data is delayed and is not financial advice. Always do your own research and consult a licensed professional before investing.