Microsoft Corporation (MSFT)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 619,003,000 | 562,624,000 | 533,898,000 | 523,013,000 | 512,163,000 | 484,275,000 | 470,558,000 | 445,785,000 | 411,976,000 | 380,088,000 | 364,552,000 | 359,784,000 | 364,840,000 | 344,607,000 | 340,389,000 | 335,418,000 | 333,779,000 | 308,879,000 | 304,137,000 | 301,001,000 |
| Operating ROA | 20.76% | 21.71% | 22.05% | 21.62% | 21.37% | 21.84% | 21.36% | 21.06% | 21.49% | 22.31% | 22.72% | 23.53% | 22.85% | 23.78% | 23.10% | 22.14% | 20.95% | 20.79% | 19.78% | 18.65% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $128,528,000K ÷ $619,003,000K
= 20.76%
The operating return on assets (ROA) of Microsoft Corporation has demonstrated a general upward trend from September 2020 through March 2024, indicating improved operational efficiency in utilizing its assets to generate earnings. At the start of this period, in September 2020, the operating ROA stood at 18.65%. Over the subsequent periods, this ratio consistently increased, reaching a peak of 23.78% in March 2022, reflecting robust operational performance and effective asset management during that timeframe.
Following this peak, the ratio experienced some fluctuations, with a decline to approximately 21.49% by June 2023. This decrease persisted through the third quarter of 2023, where it settled at about 21.06%. Despite this decline, the ratio stabilized somewhat thereafter, with slight increases and decreases, ending at approximately 22.05% in December 2024. The latest figures in June 2025 show the operating ROA at around 20.76%, indicating a modest decrease relative to prior peaks yet remaining above early 2020 levels.
Overall, the trend indicates that Microsoft has maintained a strong and relatively stable operational efficiency, with periods of notable improvement and some modest declines. This pattern suggests effective management of operating assets and consistent profitability generation over time, with recent figures reflecting a slight downward adjustment from the historical peak levels. The fluctuations may be attributable to varying market conditions, investments, or operational strategies during the examined period.
Peer comparison
Jun 30, 2025