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Microsoft Valuation Multiples
Discover revenue and EBITDA valuation multiples for Microsoft and similar public comparables like Alphabet, Amazon, Meta, Oracle and more.
Microsoft Overview
About Microsoft
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).
Founded
1975
HQ

Employees
228.0K
Website
Sectors
Financials (LTM)
EV
$3.0T
Microsoft Financials
Microsoft reported last 12-month revenue of $315B and EBITDA of $188B.
In the same LTM period, Microsoft generated $215B in gross profit, $188B in EBITDA, and $119B in net income.
Revenue (LTM)
Microsoft P&L
In the most recent fiscal year, Microsoft reported revenue of $282B and EBITDA of $162B.
Microsoft expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $315B | XXX | $282B | XXX | XXX | XXX |
| Gross Profit | $215B | XXX | $194B | XXX | XXX | XXX |
| Gross Margin | 68% | XXX | 69% | XXX | XXX | XXX |
| EBITDA | $188B | XXX | $162B | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 58% | XXX | XXX | XXX |
| EBIT Margin | 46% | XXX | 46% | XXX | XXX | XXX |
| Net Profit | $119B | XXX | $102B | XXX | XXX | XXX |
| Net Margin | 38% | XXX | 36% | XXX | XXX | XXX |
| Net Debt | — | — | $13B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Microsoft Stock Performance
Microsoft has current market cap of $3.0T, and enterprise value of $3.0T.
Market Cap Evolution
Microsoft's stock price is $410.68.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.0T | $3.0T | 0.0% | XXX | XXX | XXX | $13.71 |
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Start Free TrialMicrosoft Valuation Multiples
Microsoft trades at 9.6x EV/Revenue multiple, and 16.1x EV/EBITDA.
EV / Revenue (LTM)
Microsoft Financial Valuation Multiples
As of March 21, 2026, Microsoft has market cap of $3.0T and EV of $3.0T.
Equity research analysts estimate Microsoft's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Microsoft has a P/E ratio of 25.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.0T | XXX | $3.0T | XXX | XXX | XXX |
| EV (current) | $3.0T | XXX | $3.0T | XXX | XXX | XXX |
| EV/Revenue | 9.6x | XXX | 10.7x | XXX | XXX | XXX |
| EV/EBITDA | 16.1x | XXX | 18.6x | XXX | XXX | XXX |
| EV/EBIT | 20.8x | XXX | 23.5x | XXX | XXX | XXX |
| EV/Gross Profit | 14.1x | XXX | 15.6x | XXX | XXX | XXX |
| P/E | 25.6x | XXX | 29.9x | XXX | XXX | XXX |
| EV/FCF | 42.5x | XXX | 42.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Microsoft Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Microsoft Margins & Growth Rates
Microsoft's revenue in the last 12 month grew by 16%.
Microsoft's revenue per employee in the last FY averaged $1.4M, while opex per employee averaged $0.3M for the same period.
Microsoft's rule of 40 is 75% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Microsoft's rule of X is 99% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Microsoft Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 58% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 22% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 75% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 99% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 9% | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 11% | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | 22% | XXX | 23% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Microsoft Public Comps
See public comps and valuation multiples for other Productivity Software and AI Conglomerates comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Alphabet | XXX | XXX | XXX | XXX | XXX | XXX |
| Amazon | XXX | XXX | XXX | XXX | XXX | XXX |
| Meta | XXX | XXX | XXX | XXX | XXX | XXX |
| Oracle | XXX | XXX | XXX | XXX | XXX | XXX |
| Alibaba Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Microsoft M&A Activity
Microsoft acquired XXX companies to date.
Last acquisition by Microsoft was on XXXXXXXX, XXXXX. Microsoft acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Microsoft
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMicrosoft Investment Activity
Microsoft invested in XXX companies to date.
Microsoft made its latest investment on XXXXXXXX, XXXXX. Microsoft invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Microsoft
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAbout Microsoft
| When was Microsoft founded? | Microsoft was founded in 1975. |
| Where is Microsoft headquartered? | Microsoft is headquartered in United States. |
| How many employees does Microsoft have? | As of today, Microsoft has over 228K employees. |
| Who is the CEO of Microsoft? | Microsoft's CEO is Satya Nadella. |
| Is Microsoft publicly listed? | Yes, Microsoft is a public company listed on Nasdaq. |
| What is the stock symbol of Microsoft? | Microsoft trades under MSFT ticker. |
| When did Microsoft go public? | Microsoft went public in 1986. |
| Who are competitors of Microsoft? | Microsoft main competitors are Alphabet, Amazon, Meta, Oracle. |
| What is the current market cap of Microsoft? | Microsoft's current market cap is $3.0T. |
| What is the current revenue of Microsoft? | Microsoft's last 12 months revenue is $315B. |
| What is the current revenue growth of Microsoft? | Microsoft revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Microsoft? | Current revenue multiple of Microsoft is 9.6x. |
| Is Microsoft profitable? | Yes, Microsoft is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Microsoft? | Microsoft's last 12 months EBITDA is $188B. |
| What is Microsoft's EBITDA margin? | Microsoft's last 12 months EBITDA margin is 60%. |
| What is the current EV/EBITDA multiple of Microsoft? | Current EBITDA multiple of Microsoft is 16.1x. |
| What is the current FCF of Microsoft? | Microsoft's last 12 months FCF is $71B. |
| What is Microsoft's FCF margin? | Microsoft's last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of Microsoft? | Current FCF multiple of Microsoft is 42.5x. |
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