10-K annual report · filed Jul 30, 2025

Microsoft Corporation (MSFT) FY2025 10-K Annual Report

Short answer

Microsoft Corporation (MSFT) filed its fiscal 2025 10-K annual report with the SEC on Jul 30, 2025. It reported revenue of $281.7B (+14.9% year over year) and net income of $101.8B.

  • Top risk flagged: Cybersecurity risks under constant escalation, with board-level oversight and quarterly reviews by senior executives including the CISO and EVP of Cloud + AI

FY2025 key financial metrics · XBRL

Revenue
$281.7B
+14.9% YoY
Net income
$101.8B
+15.5% YoY
Operating margin
45.6%
+1.0 pp YoY
Gross margin
68.8%
−0.9 pp YoY
EPS (diluted)
$13.64
+15.6% YoY
ROE
29.6%
−3.2 pp YoY
Operating cash flow
$136.2B
+14.9% YoY

Source: XBRL data from the Microsoft Corporation (MSFT) FY2025 10-K on SEC EDGAR. USD.

Microsoft Corporation FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business model not detailed; focus on governance and compliance disclosures in this filing
  • No new products, services, or business segments introduced or emphasized in this filing
  • Strategic focus on transparency with public Microsoft Finance Code of Professional Conduct adoption
  • No quantitative business metrics presented; references to proxy statement for compensation and ownership details
  • Unusual emphasis on ethics code amendments and waivers disclosure on public website for top financial officers

Management Discussion & Analysis

  • Text contains management responsibility statement, no financial performance data
  • No revenue, profit, segment results, cash flow, or forward-looking guidance disclosed
  • External auditor Deloitte & Touche LLP engaged for audit and internal control opinion
  • Audit Committee oversight described, ensuring compliance and internal control integrity

Risk Factors

  • Cybersecurity risks under constant escalation, with board-level oversight and quarterly reviews by senior executives including the CISO and EVP of Cloud + AI
  • Geopolitical digital diplomacy efforts involve collaboration with governments to enhance ecosystem-wide cybersecurity defenses
  • Dependency on Cybersecurity Governance Council’s executive team to approve risk assessments and mitigate evolving threats across Microsoft environments
  • Risk of operational disruption from cybersecurity incidents despite comprehensive internal, third-party assessments, and incident response programs
  • Key-person risk with CISO possessing extensive prior leadership experience critical in managing complex, evolving cybersecurity strategies across the company

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