Research
Microsoft (MSFT) 10-Year Review
A quick visual look at growth in revenue, EBITA, and operating cash flow over the last decade.
中文版Text summary
Microsoft shows durable top-line expansion across the decade, with EBITA and operating cash flow generally compounding faster than revenue. This spread suggests operating leverage from software mix, cloud scale, and recurring enterprise demand.
The chart below uses an indexed base of 100 in FY2016. A value of 200 means the metric doubled vs the base year, making cross-metric trend comparison easier than absolute-dollar lines.
Revenue vs EBITA vs Operating Cash Flow
Indexed growth (FY2016 = 100) with Y-axis index values
RevenueEBITAOperating Cash Flow
Underlying data (USD billions)
| Fiscal Year | Revenue | EBITA | Operating Cash Flow |
|---|---|---|---|
| 2016 | 85.3 | 33.4 | 33.3 |
| 2017 | 90.0 | 35.1 | 39.5 |
| 2018 | 110.4 | 45.3 | 43.9 |
| 2019 | 125.8 | 53.0 | 52.2 |
| 2020 | 143.0 | 64.2 | 60.7 |
| 2021 | 168.1 | 83.4 | 76.7 |
| 2022 | 198.3 | 97.8 | 89.0 |
| 2023 | 211.9 | 105.0 | 87.6 |
| 2024 | 245.1 | 128.5 | 118.5 |
| 2025 | 261.8 | 136.4 | 133.2 |