Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over the five-year period Microsoft’s balance sheet expanded substantially (all figures in USD millions). Total assets rose from $333,779 in 2021 to $619,003 in 2025 — an increase of $285,224 or about 85.5%. Total liabilities increased more modestly from $191,791 to $275,524 (+$83,733, +43.7%). Stockholders’ equity surged from $141,988 to $343,479, up $201,491 or roughly 141.8%. As a result, equity’s share of the balance sheet climbed from ~42.6% of assets in 2021 to ~55.5% in 2025, while the liabilities-to-equity ratio fell from ~1.35x to ~0.80x. The trends point to stronger capitalization and materially lower leverage: assets grew rapidly (notably large increases in 2024–2025) while liabilities grew at a slower pace and equity rose fastest (especially from 2023 onward). For a large, growth-and-investment-oriented tech company, this pattern is consistent with sizable retained earnings and/or equity-generative activity alongside heavy capital deployment (cloud/data-center investments and acquisitive moves can drive asset growth). The stronger equity base improves financial flexibility and reduces solvency risk, though continued large capex or acquisition spending could raise liabilities again — so monitoring future cash generation and financing choices is warranted.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.