Microsoft Corporation (MSFT)

Operating profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Operating income (ttm)	US$ in thousands	128,528,000	122,130,000	117,711,000	113,090,000	109,433,000	105,762,000	100,533,000	93,900,000	88,523,000	84,803,000	82,815,000	84,663,000	83,383,000	81,944,000	78,628,000	74,278,000	69,916,000	64,228,000	60,155,000	56,149,000
Revenue (ttm)	US$ in thousands	281,724,000	270,010,000	261,802,000	254,190,000	245,122,000	236,584,000	227,583,000	218,310,000	211,915,000	207,591,000	204,094,000	203,075,000	198,270,000	192,557,000	184,903,000	176,251,000	168,088,000	159,969,000	153,284,000	147,114,000
Operating profit margin		45.62%	45.23%	44.96%	44.49%	44.64%	44.70%	44.17%	43.01%	41.77%	40.85%	40.58%	41.69%	42.06%	42.56%	42.52%	42.14%	41.59%	40.15%	39.24%	38.17%

June 30, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $128,528,000K ÷ $281,724,000K
= 45.62%

The operating profit margin of Microsoft Corporation has demonstrated a generally upward trend from September 30, 2020, through June 30, 2025. At the start of this period, the margin was recorded at approximately 38.17%, reflecting the company's profitability relative to its revenue. Over the subsequent quarters, this margin experienced a consistent increase, reaching around 39.24% by the end of 2020 and climbing further to approximately 42.52% by the end of 2021.

Throughout 2022, the margin remained relatively stable, oscillating narrowly between approximately 40.58% and 42.56%, indicating steady operational efficiency with minor fluctuations. In 2023, the margin continued its upward trajectory, rising from 40.85% at the start of the year to approximately 43.01% by September 2023. Subsequently, in late 2023 and into 2024, the margin sustained this improvement, reaching around 44.96% by December 2024 and approximately 45.23% in March 2025.

Overall, the data indicates a progressive enhancement in Microsoft’s operating profit margin over the observed period. This trend suggests improvements in operational efficiency and profitability, possibly driven by increased revenue, cost management efficiencies, or a favorable product and service mix. The sustained upward movement in the margin reflects positively on the company's ability to generate operating profit relative to its sales over time.