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Mar 31

Microsoft Q3 2025 Earnings Report

Microsoft reported strong growth driven by cloud and AI services.

Key Takeaways

Microsoft delivered a solid Q3 FY25 with double-digit growth in revenue, net income, and EPS, fueled by strong performance in cloud and server products.

Total revenue reached $70.066 billion, a 13% increase year-over-year.

Net income rose to $25.824 billion, up 18% from last year.

Microsoft Cloud revenue hit $42.4 billion, growing 20%.

Diluted EPS increased to $3.46, also up 18% year-over-year.

Total Revenue
$70.1B
Previous year: $61.9B
+13.2%
EPS
$3.46
Previous year: $2.94
+17.7%
Microsoft Cloud Revenue
$42.4B
Previous year: $35.3B
+20.0%
Gross Profit
$48.1B
Previous year: $43.4B
+11.1%
Cash and Equivalents
$28.8B
Previous year: $80B
-64.0%
Free Cash Flow
$20.3B
Previous year: $21B
-3.2%
Total Assets
$563B
Previous year: $484B
+16.2%

Microsoft

Microsoft

Microsoft Revenue by Segment

Forward Guidance

Microsoft expects continued demand for cloud and AI offerings to drive growth.

Positive Outlook

  • Strong momentum in Azure and AI platforms.
  • Cloud services expected to remain in high demand.
  • Continued product innovation across Microsoft 365 and Dynamics.
  • Improving margin trends across segments.
  • Robust shareholder returns through dividends and buybacks.

Challenges Ahead

  • Macroeconomic uncertainty may impact enterprise spending.
  • Increased competition in cloud and AI segments.
  • Rising R&D and infrastructure investments could pressure margins.
  • Foreign exchange rate fluctuations remain a risk.
  • Regulatory and data privacy concerns could impact operations.

Revenue & Expenses

Visualization of income flow from segment revenue to net income