Microsoft Corp.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2017 | 64.5% | 30.1% | 26.4% |
| FY2018 | 65.2% | 31.8% | 15.0% |
| FY2019 | 65.9% | 34.1% | 31.2% |
| FY2020 | 67.8% | 37.0% | 31.0% |
| FY2021 | 68.9% | 41.6% | 36.5% |
| FY2022 | 68.4% | 42.1% | 36.7% |
| FY2023 | 68.9% | 41.8% | 34.1% |
| FY2024 | 69.8% | 44.6% | 36.0% |
| FY2025 | 68.8% | 45.6% | 36.1% |
| FY2026 | 67.9% | 46.8% | 40.3% |
In the short run, the market is a voting machine but in the long run, it is a weighing machine.