Microsoft’s Q1 2025 revenue passes $70 billion; net income surges by 160% from 2018

Key takeaways

  • Microsoft’s revenue has grown steadily from $26.8B in Q1 2018 to $70.1B in Q1 2025, marking a 161% increase over the seven-year period.
  • Its net income more than tripled from $7.4B in Q1 2018 to $25.8B in Q1 2025, with consistent year-on-year growth, especially sharp increases between 2020 and 2023.
  • The company crossed the $50B quarterly revenue mark for the first time in Q4 2021, and hasn’t dropped below that threshold since Q1 2022.
  • From Q1 2023 to Q1 2025 alone, Microsoft’s net income surged by over $7.5B, signalling an era of record profitability, with each quarter surpassing $20B in profit since Q2 2023.

Microsoft’s financial performance between 2018 and 2025 paints a compelling picture of robust and consistent growth. Starting with $26.8 billion in revenue in Q1 2018, the tech giant steadily expanded its earnings, culminating in $70.1 billion by Q1 2025, a more than 2.5x increase in just seven years. This growth trajectory was not limited to top-line revenue; net income followed a similar upward path, moving from $7.4 billion to an all-time high of $25.8 billion over the same period.

The company’s most aggressive financial leap occurred post-2020, with revenue consistently surpassing the $50 billion mark from late 2021 onwards. Particularly notable is the period from 2023 to 2025, during which Microsoft achieved sustained quarterly net profits above $20 billion. This financial momentum reflects Microsoft’s operational efficiency, market dominance, and successful expansion across its cloud, enterprise, and AI-driven services, positioning it as one of the most profitable companies of the decade.

Source:

Microsoft Financial Statement

Period:

Q1 2018 - Q1 2025
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