STOCK · MSFT · Nasdaq
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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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.
Source: Microsoft SEC filings (10-K) and investor relations · Last reviewed June 2026
Microsoft Corporation scores 93 out of 100 (grade A) across the 4 measures we can read from its filings.
Rule-based grades derived from annual figures reported to the SEC. Descriptive, not a rating of the investment.
Microsoft grew its revenue rapidly (about 13.4% a year) over the 9 years through FY2025, and profit grew even faster, so the business became more profitable as it grew. Its profit margin widened over the period. Free cash flow grew alongside profit.
Rising. Revenue went from $91.2B in FY2016 to $281.7B in FY2025, about 13.4% a year. The top line is still expanding, the first sign the business is still in demand.
Rising. Profit went from $20.5B in FY2016 to $101.8B in FY2025, about 19.5% a year. The business is keeping more profit over time, not less.
gross margin went from 64.0% to 68.8% (expanding); operating margin went from 28.6% to 45.6% (expanding); net margin went from 22.5% to 36.1% (volatile). Each dollar of sales is turning into more profit over time, often a sign of pricing power or scale.
Rising. Free cash flow went from $25.0B in FY2016 to $71.6B in FY2025, about 12.4% a year. The profit is showing up as real cash, which is what you want to see.
Over the last 10 years the company returned about $199.0B through buybacks and $164.8B through dividends to shareholders. Whether that cash was spent well depends on the price paid for the stock, which this section does not judge. It shows the choices, not a verdict.
Derived from the annual figures this company reported to the SEC. What is described already happened; it is not a forecast.
Rising. Microsoft keeps about 68.8% of every sales dollar before overhead, and that share has risen over the last 9 years.
Widening. Microsoft's sales grew about 13.4% a year, and its operating margin went from 28.6% to 45.6% over the same period.
Variable. Microsoft's operating margin swung widely over the last 9 years (from 28.6% to 45.6%).
The Investment Case describes Microsoft's competitive advantages, and the risks that could erode them.
These are the quality measures the financial statements support. Several others, such as brand strength and customer concentration, need human judgment and are not measured automatically.
Historically, the company has used a mix of reinvestment, buybacks, and dividends.
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.
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.
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.
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.
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.
What has varied in Microsoft Corporation's past filings, and what to keep an eye on. Descriptive, not a forecast and not a rating.
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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Sources: Microsoft 10-K (SEC EDGAR), Microsoft Investor Relations · Last reviewed June 2026
Market Cap, Valuation, Price-to-Earnings Ratio
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.
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.
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.
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.
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.
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.
The Azure growth rate reported each quarter, which the market treats as the single most important number for the stock.
Educational content only. Market data is delayed and is not financial advice. Always do your own research and consult a licensed professional before investing.