Microsoft (MSFT) 10-K Summary — Year Ended Jun 30, 2023
The filing covers Microsoft's results for the most recent fiscal year. Revenue grew from the prior year, and the company reported strong operating income, net income, and operating cash flow, with sufficient liquidity to meet near-term obligations.
Key takeaway
Year ended Jun 30, 2023 · FY2025 10-K
The filing covers Microsoft's results for the most recent fiscal year. Revenue grew from the prior year, and the company reported strong operating income, net income, and operating cash flow, with sufficient liquidity to meet near-term obligations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$211.9B
Revenue reported for the fiscal year.
Operating income
$88.5B
Income from operations reported for the year.
Net income
$72.4B
Net income reported for the year.
Operating cash flow
$87.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2021 | $168.1B | n/a |
| Jun 30, 2022 | $198.3B | +18.0% |
| Jun 30, 2023 | $211.9B | +6.9% |
Business overview
The provided filing context does not include a description of the company's business.
Financial performance
Revenue increased compared to the prior year, while operating income and net income remained at elevated levels. Operating cash flow was also substantial, reflecting the company's overall financial strength.
Material risks
The filing notes that the company's fixed-income investments are exposed to interest rate risk and credit risk. Settlement risk on these investments is described as insignificant due to their high liquidity and investment-grade quality.
Liquidity and capital
The company expects existing cash, cash equivalents, short-term investments, and operating cash flows to be sufficient to fund operating activities, dividends, share repurchases, debt maturities, capital expenditures, and related tax obligations for at least the next year and beyond.
What to watch
Monitor the trajectory of revenue growth, as it has decelerated compared to the prior year.