Microsoft Corp.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2021 | 68.9% | 41.6% | 36.5% |
| FY2022 | 68.4% | 42.1% | 36.7% |
| FY2023 | 68.9% | 41.8% | 34.1% |
| FY2024 | 69.8% | 44.6% | 36.0% |
| FY2025 | 68.8% | 45.6% | 36.1% |
I think that, every time you see the word EBITDA, you should substitute the words 'bullshit earnings.'