Business
Microsoft sells the operating layer for work and cloud: Microsoft 365 and Copilot, Azure, Dynamics, LinkedIn, Windows, gaming, and search. Azure AI and Microsoft 365 Copilot make AI both a product feature and a capacity demand.
AI cloud is compounding, but the infrastructure bill is now the cash-flow story.
AnalystBook Intelligence · FY2025 10-K✓ Figures checked against SEC
- Growth — +15% revenue to $281.7BOK
- Profitability — $128.5B operating income; 45.6% marginOK
- Cash quality — $71.6B FCF after $64.6B capexWatch
- Balance sheet — $94.6B cash+STI vs $43.2B long-term debtOK
- Accounting — Distress score grey (formula, not weak) · no manipulation flag · clean auditOK
- AI capacity — Datacenters, GPUs, energy, and networking are explicit constraintsWatch
In the full briefFree for 14 days
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Every figure in the brief links to the filing paragraph it came from, and a brief whose figures don't match SEC data is rejected before publication.
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