Microsoft Future Growth

Future criteria checks 3/6

Microsoft is forecast to grow earnings and revenue by 12.3% and 11.9% per annum respectively. EPS is expected to grow by 12.5% per annum. Return on equity is forecast to be 26.7% in 3 years.

Key information

12.3%

Earnings growth rate

12.5%

EPS growth rate

Software earnings growth	17.6%
Revenue growth rate	11.9%
Future return on equity	26.7%
Analyst coverage	Good
Last updated	10 Apr 2025

Recent future growth updates

No updates

Recent updates

Microsoft's Glory Days Are Likely Over (Rating Downgrade)

Mar 26

Microsoft: 3 Updates For This Dividend Growth Machine Built On Cloud And AI Subscriptions

Mar 20

Earnings and Revenue Growth Forecasts

NasdaqGS:MSFT - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	362,234	128,919	105,444	175,892	38
6/30/2026	314,846	111,389	81,332	152,017	56
6/30/2025	276,890	98,151	67,355	129,552	57
12/31/2024	261,802	92,750	70,031	125,583	N/A
9/30/2024	254,190	90,512	72,662	122,145	N/A
6/30/2024	245,122	88,136	74,071	118,548	N/A
3/31/2024	236,584	86,181	70,576	110,123	N/A
12/31/2023	227,583	82,541	67,445	102,647	N/A
9/30/2023	218,310	77,096	63,226	94,967	N/A
6/30/2023	211,915	72,361	59,475	87,582	N/A
3/31/2023	207,591	69,020	57,406	83,441	N/A
12/31/2022	204,094	67,449	59,618	84,386	N/A
9/30/2022	203,075	69,789	63,334	87,693	N/A
6/30/2022	198,270	72,738	65,149	89,035	N/A
3/31/2022	192,557	72,456	63,649	87,116	N/A
12/31/2021	184,903	71,185	60,693	83,909	N/A
9/30/2021	176,251	67,883	60,420	81,945	N/A
6/30/2021	168,088	61,271	56,118	76,740	N/A
3/31/2021	159,969	56,015	53,789	72,703	N/A
12/31/2020	153,284	51,310	50,436	68,028	N/A
9/30/2020	147,114	47,496	49,229	66,192	N/A
6/30/2020	143,015	44,281	45,234	60,675	N/A
3/31/2020	138,699	46,266	43,362	58,110	N/A
12/31/2019	134,249	44,323	40,580	54,126	N/A
9/30/2019	129,814	41,094	38,638	52,346	N/A
6/30/2019	125,843	39,240	38,260	52,185	N/A
3/31/2019	122,211	34,926	33,641	47,495	N/A
12/31/2018	118,459	33,541	31,903	46,126	N/A
9/30/2018	114,906	18,819	N/A	45,101	N/A
6/30/2018	110,360	16,571	N/A	43,884	N/A
3/31/2018	105,880	15,767	N/A	43,471	N/A
12/31/2017	102,273	13,829	N/A	41,980	N/A
9/30/2017	99,181	26,398	N/A	40,398	N/A
6/30/2017	96,571	25,489	N/A	39,507	N/A
3/31/2017	91,580	20,542	N/A	36,966	N/A
12/31/2016	88,899	18,812	N/A	36,673	N/A
9/30/2016	86,869	17,563	N/A	35,998	N/A
6/30/2016	91,154	20,539	N/A	33,325	N/A
3/31/2016	86,886	10,481	N/A	31,710	N/A
12/31/2015	88,084	11,710	N/A	31,468	N/A
9/30/2015	90,758	12,555	N/A	30,190	N/A
6/30/2015	93,580	12,193	N/A	29,668	N/A
3/31/2015	94,782	20,000	N/A	32,333	N/A
12/31/2014	93,456	20,675	N/A	32,307	N/A
9/30/2014	91,505	21,370	N/A	32,380	N/A
6/30/2014	86,833	22,074	N/A	32,502	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSFT's forecast earnings growth (12.3% per year) is above the savings rate (2.8%).

Earnings vs Market: MSFT's earnings (12.3% per year) are forecast to grow slower than the US market (13.6% per year).

High Growth Earnings: MSFT's earnings are forecast to grow, but not significantly.

Revenue vs Market: MSFT's revenue (11.9% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: MSFT's revenue (11.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MSFT's Return on Equity is forecast to be high in 3 years time (26.7%)

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/13 01:42
End of Day Share Price	2025/04/11 00:00
Earnings	2024/12/31
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Microsoft Corporation is covered by 99 analysts. 57 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harshit Gupta	Accountability Research Corporation
Kadambari Daptardar	Accountability Research Corporation
Adam Shepherd	Arete Research Services LLP

Microsoft Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Recent updates

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Upcoming dividend of US$0.83 per share

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Second quarter 2025 earnings: EPS and revenues exceed analyst expectations

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Dividend of US$0.83 announced

Alianza, Inc. signed a definitive agreement to acquire Metaswitch Networks Ltd. from Microsoft Corporation (NasdaqGS:MSFT).