2025 Annual Report
Summary
Microsoft's 2025 annual report detailing financial performance, AI platform integration across products, infrastructure expansion, and corporate sustainability and security goals.
Key quotes
Revenue was $281.7 billion, up 15 percent. Operating income grew 17 percent to $128.5 billion. And Azure surpassed $75 billion in revenue for the first time, up 34 percent.
To deliver on our mission, we remain focused on three core business priorities as our North Star: security, quality, and AI innovation.
We announced Majorana-1, the first quantum chip with a topological core, and deployed the world’s first operational Level 2 quantum computer in partnership with Atom Computing.
The report includes a shareholder letter from CEO Satya Nadella and a detailed financial review. It outlines the company’s strategic focus on the ‘AI platform shift’ and its impact on cloud services and productivity software.