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MSFT · Operating margin
Computed from MSFT's latest annual filing — every figure below is the filed value, cited to the filing, never estimated.
| Line item | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 | TTM* — derived: computed by Echelon from filed periods, not as filed |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 96,571 (accession 0001564590-19-027952) | 110,360 (accession 0001564590-20-034944) | 125,843 (accession 0001564590-21-039151) | 143,015 (accession 0001564590-22-026876) | 168,088 (accession 0000950170-23-035122) | 198,270 (accession 0000950170-24-087843) | 211,915 (accession 0000950170-25-100235) | 245,122 (accession 0001193125-26-323660) | 281,724 (accession 0001193125-26-323660) | 331,839 (accession 0001193125-26-323660) | — |
| YoY | +5.9% | +14.3% | +14% | +13.6% | +17.5% | +18% | +6.9% | +15.7% | +14.9% | +17.8% | — |
| Cost of revenue | 34,261 (accession 0001564590-19-027952) | 38,353 (accession 0001564590-20-034944) | 42,910 (accession 0001564590-21-039151) | 46,078 (accession 0001564590-22-026876) | 52,232 (accession 0000950170-23-035122) | 62,650 (accession 0000950170-24-087843) | 65,863 (accession 0000950170-25-100235) | 74,114 (accession 0001193125-26-323660) | 87,831 (accession 0001193125-26-323660) | 106,374 (accession 0001193125-26-323660) | — |
| YoY | +4.5% | +11.9% | +11.9% | +7.4% | +13.4% | +19.9% | +5.1% | +12.5% | +18.5% | +21.1% | — |
| Gross profit | 62,310 (accession 0001564590-19-027952) | 72,007 (accession 0001564590-20-034944) | 82,933 (accession 0001564590-21-039151) | 96,937 (accession 0001564590-22-026876) | 115,856 (accession 0000950170-23-035122) | 135,620 (accession 0000950170-24-087843) | 146,052 (accession 0000950170-25-100235) | 171,008 (accession 0001193125-26-323660) | 193,893 (accession 0001193125-26-323660) | 225,465 (accession 0001193125-26-323660) | — |
| YoY | +6.7% | +15.6% | +15.2% | +16.9% | +19.5% | +17.1% | +7.7% | +17.1% | +13.4% | +16.3% | — |
| Operating expenses | — | — | — | — | — | — | 57,529 (accession 0000950170-25-100235) | 61,575 (accession 0001193125-26-323660) | 65,365 (accession 0001193125-26-323660) | 70,228 (accession 0001193125-26-323660) | — |
| YoY | — | — | — | — | — | — | — | +7% | +6.2% | +7.4% | — |
| Operating income | 29,025 (accession 0001564590-19-027952) | 35,058 (accession 0001564590-20-034944) | 42,959 (accession 0001564590-21-039151) | 52,959 (accession 0001564590-22-026876) | 69,916 (accession 0000950170-23-035122) | 83,383 (accession 0000950170-24-087843) | 88,523 (accession 0000950170-25-100235) | 109,433 (accession 0001193125-26-323660) | 128,528 (accession 0001193125-26-323660) | 155,237 (accession 0001193125-26-323660) | — |
| YoY | +11.3% | +20.8% | +22.5% | +23.3% | +32% | +19.3% | +6.2% | +23.6% | +17.4% | +20.8% | — |
| Net income | 25,489 (accession 0001564590-19-027952) | 16,571 (accession 0001564590-20-034944) | 39,240 (accession 0001564590-21-039151) | 44,281 (accession 0001564590-22-026876) | 61,271 (accession 0000950170-23-035122) | 72,738 (accession 0000950170-24-087843) | 72,361 (accession 0000950170-25-100235) | 88,136 (accession 0001193125-26-323660) | 101,832 (accession 0001193125-26-323660) | 133,749 (accession 0001193125-26-323660) | — |
| YoY | +24.1% | -35% | +136.8% | +12.8% | +38.4% | +18.7% | -0.5% | +21.8% | +15.5% | +31.3% | — |
| Diluted EPS | 3.25 (accession 0001564590-19-027952) | 2.13 (accession 0001564590-20-034944) | 5.06 (accession 0001564590-21-039151) | 5.76 (accession 0001564590-22-026876) | 8.05 (accession 0000950170-23-035122) | 9.65 (accession 0000950170-24-087843) | 9.68 (accession 0000950170-25-100235) | 11.80 (accession 0001193125-26-323660) | 13.64 (accession 0001193125-26-323660) | 17.95 (accession 0001193125-26-323660) | — |
| YoY | +27% | -34.5% | +137.6% | +13.8% | +39.8% | +19.9% | +0.3% | +21.9% | +15.6% | +31.6% | — |
USD lines in millions; EPS per share. Annual columns are fiscal years, labeled by their period-end month (a filer's own fiscal label may differ). “—” is an honest gap: the filer did not tag that line for that period. *TTM is computed from filed periods — latest fiscal year plus newer quarters minus their year-ago pairs; each line’s full trail rides the CSV export. Every column cites its accession in the export. Figures as filed via SEC EDGAR, never estimated.
Answers come strictly from MSFT's 10-K filed 2026-07-29, and every answer links the exact passages it used. Questions asking what to do with the stock are refused — that's the point.
Operating income as a share of revenue — what remains after both the direct cost of sales and the operating expenses (R&D, sales & marketing, G&A) that run the business. It measures how much of the gross margin survives the cost of operating the company.
Operating margin = Operating income ÷ Revenue
Each one computed from the same filings and cited the same way.
Educational use only — not investment advice. Figures come from public SEC filings; Echelon teaches you to analyze data, it never recommends buying or selling any security.