Microsoft annual return on equity
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2026
Microsoft Return on Equity (ROE) Growth & History (MSFT)
Microsoft's return on equity was 34.04% for fiscal 2026.
View full Microsoft company overviewMicrosoft annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-06-30 | 34.04% | +0.76 pp |
| 2025 | 2025-06-30 | 33.28% | −3.85 pp |
| 2024 | 2024-06-30 | 37.13% | −1.69 pp |
| 2023 | 2023-06-30 | 38.82% | −8.33 pp |
| 2022 | 2022-06-30 | 47.15% | +0.07 pp |
| 2021 | 2021-06-30 | 47.08% | +6.94 pp |
| 2020 | 2020-06-30 | 40.14% | −2.27 pp |
| 2019 | 2019-06-30 | 42.41% | +22.96 pp |
| 2018 | 2018-06-30 | 19.45% | −10.40 pp |
| 2017 | 2017-06-30 | 29.85% | +4.67 pp |
| 2016 | 2016-06-30 | 25.17% | +10.82 pp |
| 2015 | 2015-06-30 | 14.36% | −11.81 pp |
| 2014 | 2014-06-30 | 26.17% | −3.93 pp |
| 2013 | 2013-06-30 | 30.09% | +2.59 pp |
| 2012 | 2012-06-30 | 27.51% | −17.33 pp |
| 2011 | 2011-06-30 | 44.84% | +1.08 pp |
| 2010 | 2010-06-30 | 43.76% | +5.35 pp |
| 2009 | 2009-06-30 | 38.42% | — |
Microsoft quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-06-30 | 8.35% | +0.16 pp |
| Q3 2026 | 2026-03-31 | 7.89% | −0.38 pp |
| Q2 2026 | 2025-12-31 | 10.20% | +2.04 pp |
| Q1 2026 | 2025-09-30 | 7.85% | −1.02 pp |
| Q4 2025 | 2025-06-30 | 8.19% | −0.26 pp |
| Q3 2025 | 2025-03-31 | 8.27% | −0.66 pp |
| Q2 2025 | 2024-12-31 | 8.17% | −1.36 pp |
| Q1 2025 | 2024-09-30 | 8.87% | −1.57 pp |
| Q4 2024 | 2024-06-30 | 8.45% | −1.57 pp |
| Q3 2024 | 2024-03-31 | 8.93% | −0.76 pp |
| Q2 2024 | 2023-12-31 | 9.53% | +0.32 pp |
| Q1 2024 | 2023-09-30 | 10.44% | +0.12 pp |
| Q4 2023 | 2023-06-30 | 10.02% | −0.14 pp |
| Q3 2023 | 2023-03-31 | 9.69% | −0.67 pp |
| Q2 2023 | 2022-12-31 | 9.21% | −2.82 pp |
| Q1 2023 | 2022-09-30 | 10.32% | −3.63 pp |
| Q4 2022 | 2022-06-30 | 10.16% | −1.74 pp |
| Q3 2022 | 2022-03-31 | 10.36% | −1.32 pp |
| Q2 2022 | 2021-12-31 | 12.03% | −0.16 pp |
| Q1 2022 | 2021-09-30 | 13.95% | +2.45 pp |
| Q4 2021 | 2021-06-30 | 11.90% | +2.28 pp |
| Q3 2021 | 2021-03-31 | 11.68% | +2.10 pp |
| Q2 2021 | 2020-12-31 | 12.19% | +1.42 pp |
| Q1 2021 | 2020-09-30 | 11.50% | +1.25 pp |
| Q4 2020 | 2020-06-30 | 9.62% | −3.75 pp |
| Q3 2020 | 2020-03-31 | 9.57% | +0.15 pp |
| Q2 2020 | 2019-12-31 | 10.78% | +1.32 pp |
| Q1 2020 | 2019-09-30 | 10.25% | −0.21 pp |
| Q4 2019 | 2019-06-30 | 13.37% | +2.42 pp |
| Q3 2019 | 2019-03-31 | 9.42% | +0.00 pp |
| Q2 2019 | 2018-12-31 | 9.46% | +16.96 pp |
| Q1 2019 | 2018-09-30 | 10.46% | +3.05 pp |
| Q4 2018 | 2018-06-30 | 10.96% | +1.53 pp |
| Q3 2018 | 2018-03-31 | 9.42% | +2.78 pp |
| Q2 2018 | 2017-12-31 | −7.50% | −15.13 pp |
| Q1 2018 | 2017-09-30 | 7.42% | +0.57 pp |
| Q4 2017 | 2017-06-30 | 9.43% | +5.47 pp |
| Q3 2017 | 2017-03-31 | 6.64% | +1.68 pp |
| Q2 2017 | 2016-12-31 | 7.63% | +1.12 pp |
| Q1 2017 | 2016-09-30 | 6.85% | +0.62 pp |
| Q4 2016 | 2016-06-30 | 3.95% | +7.71 pp |
| Q3 2016 | 2016-03-31 | 4.96% | −0.52 pp |
| Q2 2016 | 2015-12-31 | 6.51% | +0.07 pp |
| Q1 2016 | 2015-09-30 | 6.22% | +1.18 pp |
| Q4 2015 | 2015-06-30 | −3.75% | −8.96 pp |
| Q3 2015 | 2015-03-31 | 5.48% | −1.08 pp |
| Q2 2015 | 2014-12-31 | 6.44% | −1.42 pp |
| Q1 2015 | 2014-09-30 | 5.05% | −1.49 pp |
| Q4 2014 | 2014-06-30 | 5.21% | −1.18 pp |
| Q3 2014 | 2014-03-31 | 6.56% | −1.55 pp |
| Q2 2014 | 2013-12-31 | 7.87% | −1.15 pp |
| Q1 2014 | 2013-09-30 | 6.53% | −0.08 pp |
| Q4 2013 | 2013-06-30 | 6.38% | +7.11 pp |
| Q3 2013 | 2013-03-31 | 8.11% | +0.42 pp |
| Q2 2013 | 2012-12-31 | 9.02% | −1.71 pp |
| Q1 2013 | 2012-09-30 | 6.61% | −3.25 pp |
| Q4 2012 | 2012-06-30 | −0.73% | −11.36 pp |
| Q3 2012 | 2012-03-31 | 7.69% | −2.57 pp |
| Q2 2012 | 2011-12-31 | 10.73% | −3.18 pp |
| Q1 2012 | 2011-09-30 | 9.85% | −1.77 pp |
| Q4 2011 | 2011-06-30 | 10.63% | +0.79 pp |
| Q3 2011 | 2011-03-31 | 10.27% | +1.36 pp |
| Q2 2011 | 2010-12-31 | 13.90% | −1.68 pp |
| Q1 2011 | 2010-09-30 | 11.62% | +2.77 pp |
| Q4 2010 | 2010-06-30 | 9.83% | — |
| Q3 2010 | 2010-03-31 | 8.90% | — |
| Q2 2010 | 2009-12-31 | 15.58% | — |
| Q1 2010 | 2009-09-30 | 8.85% | — |
Microsoft return on equity trends
Over the last five fiscal years, Microsoft's return on equity decreased from 47.08% to 34.04%, a change of −13.04 percentage points. The latest reported quarter, Q4 2026, shows 8.35%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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