Empirical Project
Income Statement
| Powered by Clearbit | |||||
| Microsoft Corporation (NMS: MSFT) | |||||
| Exchange rate used is that of the Year End reported date | |||||
| As Reported Annual Income Statement | |||||
| Report Date | 06/30/2020 | 06/30/2019 | 06/30/2018 | 06/30/2017 | 06/30/2016 |
| Currency | USD | USD | USD | USD | USD |
| Audit Status | Not Available | Not Qualified | Not Qualified | Not Qualified | Not Qualified |
| Consolidated | Yes | Yes | Yes | Yes | Yes |
| Scale | Thousands | Thousands | Thousands | Thousands | Thousands |
| Product revenue | 68041000 | 66069000 | 64497000 | 57190000 | 61502000 |
| Service & other revenue | 74974000 | 59774000 | 45863000 | 32760000 | 23818000 |
| Revenue | 143015000 | 125843000 | 110360000 | 89950000 | 85320000 |
| Cost of revenue - product | 16017000 | 16273000 | 15420000 | 15175000 | 17880000 |
| Cost of revenue - service & other revenue | 30061000 | 26637000 | 22933000 | 19086000 | 14900000 |
| Cost of revenue | 46078000 | 42910000 | 38353000 | 34261000 | 32780000 |
| Gross margin | 96937000 | 82933000 | 72007000 | 55689000 | 52540000 |
| Research & development | 19269000 | 16876000 | 14726000 | 13037000 | 11988000 |
| Sales & marketing | 19598000 | 18213000 | 17469000 | 15539000 | 14697000 |
| General & administrative | 5111000 | 4885000 | 4754000 | 4481000 | 4563000 |
| Impairment, integration, & restructuring | - | - | 0 | 306000 | 1110000 |
| Operating income (loss) | 52959000 | 42959000 | 35058000 | 22326000 | 20182000 |
| Interest & dividends income | 2680000 | 2762000 | 2214000 | 1387000 | 903000 |
| Interest expense | 2591000 | 2686000 | 2733000 | 2222000 | 1243000 |
| Net recognized gains on investments | 32000 | 648000 | 2399000 | 2583000 | 668000 |
| Net gains (losses) on derivatives | 187000 | 144000 | -187000 | -510000 | -443000 |
| Net gains (losses) on foreign currency remeasurements | -191000 | -82000 | -218000 | -164000 | -121000 |
| Other income (expense), net | -40000 | -57000 | -59000 | -251000 | -195000 |
| Other income, net | 77000 | 729000 | 1416000 | 823000 | -431000 |
| Income (loss) before income taxes - United States | 24116000 | 15799000 | 11527000 | 453000 | -325000 |
| Income (loss) before income taxes - foreign | 28920000 | 27889000 | 24947000 | 22696000 | 20076000 |
| Income (loss) before income taxes | 53036000 | 43688000 | 36474000 | 23149000 | 19751000 |
| Current taxes provision (benefit) - United States federal | 3537000 | 4718000 | 19764000 | 2739000 | 545000 |
| Current taxes provision (benefit) - United States state & local | 763000 | 662000 | 934000 | 30000 | 136000 |
| Current taxes provision (benefit) - foreign | 4444000 | 5531000 | 4348000 | 2472000 | 1940000 |
| Current taxes provision (benefit) | 8744000 | 10911000 | 25046000 | 5241000 | 2621000 |
| Deferred taxes provision (benefit) - United States federal | 58000 | -5647000 | -4292000 | - | - |
| Deferred taxes provision (benefit) - United States state & local | -6000 | -1010000 | -458000 | - | - |
| Deferred taxes provision (benefit) - foreign | -41000 | 194000 | -393000 | - | - |
| Deferred taxes provision (benefit) | 11000 | -6463000 | -5143000 | -3296000 | 332000 |
| Provision for income taxes | 8755000 | 4448000 | 19903000 | 1945000 | 2953000 |
| Net income (loss) | 44281000 | 39240000 | 16571000 | 21204000 | 16798000 |
| Weighted average shares outstanding - basic | 7610000 | 7673000 | 7700000 | 7746000 | 7925000 |
| Weighted average shares outstanding - diluted | 7683000 | 7753000 | 7794000 | 7832000 | 8013000 |
| Year end shares outstanding | 7571000 | 7643000 | 7677000 | 7708000 | 7808000 |
| Net earnings (loss) per share - basic | 5.82 | 5.11 | 2.15 | 2.74 | 2.12 |
| Net earnings (loss) per share - diluted | 5.76 | 5.06 | 2.13 | 2.71 | 2.1 |
| Cash dividends declared per common share | 2.04 | 1.84 | 1.68 | 1.56 | 1.44 |
| Number of full time employees | 163000 | 144000 | 97535 | 124000 | 114000 |
| Number of common stockholders | 91674 | 94069 | 131000 | 101825 | 106534 |
| Foreign currency translation adjustments | -426000 | -318000 | - | 228000 | -519000 |
Price&Yield Data (1962-2020)
| Date | S&P 500 Index Price (^GSPC) | 10-Year Treasury Bond Yield (^TNX) |
| 1/31/62 | 68.839996 | 4.1 |
| 2/28/62 | 69.959999 | 4 |
| 3/31/62 | 69.550003 | 3.86 |
| 4/30/62 | 65.239998 | 3.86 |
| 5/31/62 | 59.630001 | 3.9 |
| 6/30/62 | 54.75 | 4 |
| 7/31/62 | 58.23 | 4.04 |
| 8/31/62 | 59.119999 | 3.96 |
| 9/30/62 | 56.27 | 3.94 |
| 10/31/62 | 56.52 | 3.92 |
| 11/30/62 | 62.259998 | 3.92 |
| 12/31/62 | 63.099998 | 3.85 |
| 1/31/63 | 66.199997 | 3.87 |
| 2/28/63 | 64.290001 | 3.94 |
| 3/31/63 | 66.57 | 3.95 |
| 4/30/63 | 69.800003 | 3.95 |
| 5/31/63 | 70.800003 | 3.96 |
| 6/30/63 | 69.370003 | 4 |
| 7/31/63 | 69.129997 | 4 |
| 8/31/63 | 72.5 | 4.02 |
| 9/30/63 | 71.699997 | 4.07 |
| 10/31/63 | 74.010002 | 4.15 |
| 11/30/63 | 73.230003 | 4.08 |
| 12/31/63 | 75.019997 | 4.14 |
| 1/31/64 | 77.040001 | 4.15 |
| 2/29/64 | 77.800003 | 4.18 |
| 3/31/64 | 78.980003 | 4.23 |
| 4/30/64 | 79.459999 | 4.22 |
| 5/31/64 | 80.370003 | 4.19 |
| 6/30/64 | 81.690002 | 4.15 |
| 7/31/64 | 83.18 | 4.19 |
| 8/31/64 | 81.830002 | 4.21 |
| 9/30/64 | 84.18 | 4.18 |
| 10/31/64 | 84.860001 | 4.16 |
| 11/30/64 | 84.419998 | 4.2 |
| 12/31/64 | 84.75 | 4.21 |
| 1/31/65 | 87.559998 | 4.19 |
| 2/28/65 | 87.43 | 4.22 |
| 3/31/65 | 86.160004 | 4.2 |
| 4/30/65 | 89.110001 | 4.21 |
| 5/31/65 | 88.419998 | 4.23 |
| 6/30/65 | 84.120003 | 4.2 |
| 7/31/65 | 85.25 | 4.22 |
| 8/31/65 | 87.169998 | 4.27 |
| 9/30/65 | 89.959999 | 4.35 |
| 10/31/65 | 92.419998 | 4.41 |
| 11/30/65 | 91.610001 | 4.48 |
| 12/31/65 | 92.43 | 4.65 |
| 1/31/66 | 92.879997 | 4.69 |
| 2/28/66 | 91.220001 | 5.02 |
| 3/31/66 | 89.230003 | 4.71 |
| 4/30/66 | 91.059998 | 4.79 |
| 5/31/66 | 86.129997 | 4.8 |
| 6/30/66 | 84.739998 | 4.97 |
| 7/31/66 | 83.599998 | 5.05 |
| 8/31/66 | 77.099998 | 5.36 |
| 9/30/66 | 76.559998 | 5.02 |
| 10/31/66 | 80.199997 | 4.97 |
| 11/30/66 | 80.449997 | 5.12 |
| 12/31/66 | 80.330002 | 4.64 |
| 1/31/67 | 86.610001 | 4.52 |
| 2/28/67 | 86.779999 | 4.72 |
| 3/31/67 | 90.199997 | 4.5 |
| 4/30/67 | 94.010002 | 4.78 |
| 5/31/67 | 89.080002 | 4.81 |
| 6/30/67 | 90.639999 | 5.22 |
| 7/31/67 | 94.75 | 5.16 |
| 8/31/67 | 93.639999 | 5.27 |
| 9/30/67 | 96.709999 | 5.31 |
| 10/31/67 | 93.300003 | 5.64 |
| 11/30/67 | 94 | 5.74 |
| 12/31/67 | 96.470001 | 5.7 |
| 1/31/68 | 92.239998 | 5.54 |
| 2/29/68 | 89.360001 | 5.56 |
| 3/31/68 | 90.199997 | 5.76 |
| 4/30/68 | 97.459999 | 5.74 |
| 5/31/68 | 98.68 | 5.86 |
| 6/30/68 | 99.580002 | 5.64 |
| 7/31/68 | 97.739998 | 5.39 |
| 8/31/68 | 98.860001 | 5.42 |
| 9/30/68 | 102.669998 | 5.49 |
| 10/31/68 | 103.410004 | 5.61 |
| 11/30/68 | 108.370003 | 5.78 |
| 12/31/68 | 103.860001 | 6.16 |
| 1/31/69 | 103.010002 | 6.19 |
| 2/28/69 | 98.129997 | 6.26 |
| 3/31/69 | 101.510002 | 6.3 |
| 4/30/69 | 103.690002 | 6.2 |
| 5/31/69 | 103.459999 | 6.56 |
| 6/30/69 | 97.709999 | 6.73 |
| 7/31/69 | 91.830002 | 6.66 |
| 8/31/69 | 95.510002 | 6.83 |
| 9/30/69 | 93.120003 | 7.51 |
| 10/31/69 | 97.120003 | 6.94 |
| 11/30/69 | 93.809998 | 7.29 |
| 12/31/69 | 92.059998 | 7.88 |
| 1/31/70 | 85.019997 | 7.75 |
| 2/28/70 | 89.5 | 6.9 |
| 3/31/70 | 89.629997 | 7.08 |
| 4/30/70 | 81.519997 | 7.82 |
| 5/31/70 | 76.550003 | 7.95 |
| 6/30/70 | 72.720001 | 7.68 |
| 7/31/70 | 78.050003 | 7.38 |
| 8/31/70 | 81.519997 | 7.49 |
| 9/30/70 | 84.300003 | 7.29 |
| 10/31/70 | 83.25 | 7.33 |
| 11/30/70 | 87.199997 | 6.49 |
| 12/31/70 | 92.150002 | 6.5 |
| 1/31/71 | 95.879997 | 6.09 |
| 2/28/71 | 96.75 | 6.14 |
| 3/31/71 | 100.309998 | 5.53 |
| 4/30/71 | 103.949997 | 6.08 |
| 5/31/71 | 99.629997 | 6.38 |
| 6/30/71 | 98.699997 | 6.7 |
| 7/31/71 | 95.580002 | 6.85 |
| 8/31/71 | 99.029999 | 6.28 |
| 9/30/71 | 98.339996 | 6 |
| 10/31/71 | 94.230003 | 5.87 |
| 11/30/71 | 93.989998 | 5.93 |
| 12/31/71 | 102.089996 | 5.89 |
| 1/31/72 | 103.940002 | 6.09 |
| 2/29/72 | 106.57 | 6.04 |
| 3/31/72 | 107.199997 | 6.12 |
| 4/30/72 | 107.669998 | 6.14 |
| 5/31/72 | 109.529999 | 6.05 |
| 6/30/72 | 107.139999 | 6.15 |
| 7/31/72 | 107.389999 | 6.12 |
| 8/31/72 | 111.089996 | 6.42 |
| 9/30/72 | 110.550003 | 6.54 |
| 10/31/72 | 111.580002 | 6.41 |
| 11/30/72 | 116.669998 | 6.28 |
| 12/31/72 | 118.050003 | 6.41 |
| 1/31/73 | 116.029999 | 6.54 |
| 2/28/73 | 111.68 | 6.64 |
| 3/31/73 | 111.519997 | 6.73 |
| 4/30/73 | 106.970001 | 6.7 |
| 5/31/73 | 104.949997 | 6.93 |
| 6/30/73 | 104.260002 | 6.94 |
| 7/31/73 | 108.220001 | 7.43 |
| 8/31/73 | 104.25 | 7.25 |
| 9/30/73 | 108.43 | 6.9 |
| 10/31/73 | 108.290001 | 6.71 |
| 11/30/73 | 95.959999 | 6.69 |
| 12/31/73 | 97.550003 | 6.9 |
| 1/31/74 | 96.57 | 7 |
| 2/28/74 | 96.220001 | 7.01 |
| 3/31/74 | 93.980003 | 7.41 |
| 4/30/74 | 90.309998 | 7.66 |
| 5/31/74 | 87.279999 | 7.52 |
| 6/30/74 | 86 | 7.64 |
| 7/31/74 | 79.309998 | 7.89 |
| 8/31/74 | 72.150002 | 8.11 |
| 9/30/74 | 63.540001 | 7.94 |
| 10/31/74 | 73.900002 | 7.79 |
| 11/30/74 | 69.970001 | 7.64 |
| 12/31/74 | 68.559998 | 7.4 |
| 1/31/75 | 76.980003 | 7.53 |
| 2/28/75 | 81.589996 | 7.46 |
| 3/31/75 | 83.360001 | 8.01 |
| 4/30/75 | 87.300003 | 8.31 |
| 5/31/75 | 91.150002 | 8.04 |
| 6/30/75 | 95.190002 | 7.96 |
| 7/31/75 | 88.75 | 8.2 |
| 8/31/75 | 86.879997 | 8.22 |
| 9/30/75 | 83.870003 | 8.48 |
| 10/31/75 | 89.040001 | 7.91 |
| 11/30/75 | 91.239998 | 8.14 |
| 12/31/75 | 90.190002 | 7.76 |
| 1/31/76 | 100.860001 | 7.8 |
| 2/29/76 | 99.709999 | 7.77 |
| 3/31/76 | 102.769997 | 7.66 |
| 4/30/76 | 101.639999 | 7.67 |
| 5/31/76 | 100.18 | 7.96 |
| 6/30/76 | 104.279999 | 7.86 |
| 7/31/76 | 103.440002 | 7.86 |
| 8/31/76 | 102.910004 | 7.66 |
| 9/30/76 | 105.239998 | 7.55 |
| 10/31/76 | 102.900002 | 7.42 |
| 11/30/76 | 102.099998 | 7.01 |
| 12/31/76 | 107.459999 | 6.81 |
| 1/31/77 | 102.029999 | 7.4 |
| 2/28/77 | 99.82 | 7.45 |
| 3/31/77 | 98.419998 | 7.42 |
| 4/30/77 | 98.440002 | 7.45 |
| 5/31/77 | 96.120003 | 7.38 |
| 6/30/77 | 100.480003 | 7.2 |
| 7/31/77 | 98.849998 | 7.42 |
| 8/31/77 | 96.769997 | 7.28 |
| 9/30/77 | 96.529999 | 7.41 |
| 10/31/77 | 92.339996 | 7.62 |
| 11/30/77 | 94.830002 | 7.55 |
| 12/31/77 | 95.099998 | 7.78 |
| 1/31/78 | 89.25 | 7.94 |
| 2/28/78 | 87.040001 | 8.04 |
| 3/31/78 | 89.209999 | 8.15 |
| 4/30/78 | 96.830002 | 8.24 |
| 5/31/78 | 97.239998 | 8.42 |
| 6/30/78 | 95.529999 | 8.62 |
| 7/31/78 | 100.68 | 8.56 |
| 8/31/78 | 103.290001 | 8.39 |
| 9/30/78 | 102.540001 | 8.56 |
| 10/31/78 | 93.150002 | 8.96 |
| 11/30/78 | 94.699997 | 8.86 |
| 12/31/78 | 96.110001 | 9.15 |
| 1/31/79 | 99.93 | 8.95 |
| 2/28/79 | 96.279999 | 9.17 |
| 3/31/79 | 101.589996 | 9.11 |
| 4/30/79 | 101.760002 | 9.35 |
| 5/31/79 | 99.080002 | 9.06 |
| 6/30/79 | 102.910004 | 8.81 |
| 7/31/79 | 103.809998 | 9.01 |
| 8/31/79 | 109.32 | 9.24 |
| 9/30/79 | 109.32 | 9.44 |
| 10/31/79 | 101.82 | 10.72 |
| 11/30/79 | 106.160004 | 10.38 |
| 12/31/79 | 107.940002 | 10.33 |
| 1/31/80 | 114.160004 | 11.13 |
| 2/29/80 | 113.660004 | 12.72 |
| 3/31/80 | 102.089996 | 12.64 |
| 4/30/80 | 106.290001 | 10.76 |
| 5/31/80 | 111.239998 | 10.25 |
| 6/30/80 | 114.239998 | 10.09 |
| 7/31/80 | 121.669998 | 10.76 |
| 8/31/80 | 122.379997 | 11.55 |
| 9/30/80 | 125.459999 | 11.86 |
| 10/31/80 | 127.470001 | 12.46 |
| 11/30/80 | 140.520004 | 12.72 |
| 12/31/80 | 135.759995 | 12.43 |
| 1/31/81 | 129.550003 | 12.68 |
| 2/28/81 | 131.270004 | 13.43 |
| 3/31/81 | 136 | 13.13 |
| 4/30/81 | 132.809998 | 14.11 |
| 5/31/81 | 132.589996 | 13.5 |
| 6/30/81 | 131.210007 | 13.86 |
| 7/31/81 | 130.919998 | 14.67 |
| 8/31/81 | 122.790001 | 15.41 |
| 9/30/81 | 116.18 | 15.84 |
| 10/31/81 | 121.889999 | 14.63 |
| 11/30/81 | 126.349998 | 13.13 |
| 12/31/81 | 122.550003 | 13.98 |
| 1/31/82 | 120.400002 | 14.14 |
| 2/28/82 | 113.110001 | 14.03 |
| 3/31/82 | 111.959999 | 14.18 |
| 4/30/82 | 116.440002 | 13.87 |
| 5/31/82 | 111.879997 | 13.71 |
| 6/30/82 | 109.610001 | 14.44 |
| 7/31/82 | 107.089996 | 13.68 |
| 8/31/82 | 119.510002 | 12.81 |
| 9/30/82 | 120.419998 | 11.73 |
| 10/31/82 | 133.720001 | 10.71 |
| 11/30/82 | 138.529999 | 10.79 |
| 12/31/82 | 140.639999 | 10.36 |
| 1/31/83 | 145.300003 | 10.8 |
| 2/28/83 | 148.059998 | 10.27 |
| 3/31/83 | 152.960007 | 10.62 |
| 4/30/83 | 164.429993 | 10.27 |
| 5/31/83 | 162.389999 | 10.81 |
| 6/30/83 | 167.639999 | 10.96 |
| 7/31/83 | 162.559998 | 11.76 |
| 8/31/83 | 164.399994 | 11.98 |
| 9/30/83 | 166.070007 | 11.44 |
| 10/31/83 | 163.550003 | 11.74 |
| 11/30/83 | 166.399994 | 11.63 |
| 12/31/83 | 164.929993 | 11.82 |
| 1/31/84 | 163.410004 | 11.67 |
| 2/29/84 | 157.059998 | 12.04 |
| 3/31/84 | 159.179993 | 12.53 |
| 4/30/84 | 160.050003 | 12.82 |
| 5/31/84 | 150.550003 | 13.91 |
| 6/30/84 | 153.179993 | 13.84 |
| 7/31/84 | 150.660004 | 12.91 |
| 8/31/84 | 166.679993 | 12.79 |
| 9/30/84 | 166.100006 | 12.47 |
| 10/31/84 | 166.089996 | 11.79 |
| 11/30/84 | 163.580002 | 11.58 |
| 12/31/84 | 167.240005 | 11.55 |
| 1/31/85 | 179.630005 | 11.17 |
| 2/28/85 | 181.179993 | 11.91 |
| 3/31/85 | 180.660004 | 11.65 |
| 4/30/85 | 179.830002 | 11.41 |
| 5/31/85 | 189.550003 | 10.28 |
| 6/30/85 | 191.850006 | 10.25 |
| 7/31/85 | 190.919998 | 10.57 |
| 8/31/85 | 188.630005 | 10.28 |
| 9/30/85 | 182.080002 | 10.31 |
| 10/31/85 | 189.820007 | 10.01 |
| 11/30/85 | 202.169998 | 9.59 |
| 12/31/85 | 211.279999 | 9 |
| 1/31/86 | 211.779999 | 9.08 |
| 2/28/86 | 226.919998 | 8.13 |
| 3/31/86 | 238.899994 | 7.39 |
| 4/30/86 | 235.520004 | 7.38 |
| 5/31/86 | 247.350006 | 8.05 |
| 6/30/86 | 250.839996 | 7.35 |
| 7/31/86 | 236.119995 | 7.34 |
| 8/31/86 | 252.929993 | 6.95 |
| 9/30/86 | 231.320007 | 7.45 |
| 10/31/86 | 243.979996 | 7.34 |
| 11/30/86 | 249.220001 | 7.15 |
| 12/31/86 | 242.169998 | 7.23 |
| 1/31/87 | 274.079987 | 7.18 |
| 2/28/87 | 284.200012 | 7.19 |
| 3/31/87 | 291.700012 | 7.51 |
| 4/30/87 | 288.359985 | 8.21 |
| 5/31/87 | 290.100006 | 8.49 |
| 6/30/87 | 304 | 8.38 |
| 7/31/87 | 318.660004 | 8.66 |
| 8/31/87 | 329.799988 | 9 |
| 9/30/87 | 321.829987 | 9.63 |
| 10/31/87 | 251.789993 | 8.88 |
| 11/30/87 | 230.300003 | 8.99 |
| 12/31/87 | 247.080002 | 8.83 |
| 1/31/88 | 257.070007 | 8.26 |
| 2/29/88 | 267.820007 | 8.16 |
| 3/31/88 | 258.890015 | 8.57 |
| 4/30/88 | 261.329987 | 8.87 |
| 5/31/88 | 262.160004 | 9.2 |
| 6/30/88 | 273.5 | 8.82 |
| 7/31/88 | 272.019989 | 9.12 |
| 8/31/88 | 261.519989 | 9.25 |
| 9/30/88 | 271.910004 | 8.87 |
| 10/31/88 | 278.970001 | 8.65 |
| 11/30/88 | 273.700012 | 9.06 |
| 12/31/88 | 277.720001 | 9.14 |
| 1/31/89 | 297.470001 | 9.01 |
| 2/28/89 | 288.859985 | 9.32 |
| 3/31/89 | 294.869995 | 9.3 |
| 4/30/89 | 309.640015 | 9.02 |
| 5/31/89 | 320.519989 | 8.6 |
| 6/30/89 | 317.980011 | 8.1 |
| 7/31/89 | 346.079987 | 7.82 |
| 8/31/89 | 351.450012 | 8.26 |
| 9/30/89 | 349.149994 | 8.31 |
| 10/31/89 | 340.359985 | 7.92 |
| 11/30/89 | 345.98999 | 7.84 |
| 12/31/89 | 353.399994 | 7.93 |
| 1/31/90 | 329.079987 | 8.43 |
| 2/28/90 | 331.890015 | 8.51 |
| 3/31/90 | 339.940002 | 8.65 |
| 4/30/90 | 330.799988 | 9.04 |
| 5/31/90 | 361.230011 | 8.6 |
| 6/30/90 | 358.019989 | 8.43 |
| 7/31/90 | 356.149994 | 8.36 |
| 8/31/90 | 322.559998 | 8.86 |
| 9/30/90 | 306.049988 | 8.82 |
| 10/31/90 | 304 | 8.65 |
| 11/30/90 | 322.220001 | 8.26 |
| 12/31/90 | 330.220001 | 8.08 |
| 1/31/91 | 343.929993 | 8.03 |
| 2/28/91 | 367.070007 | 8.02 |
| 3/31/91 | 375.220001 | 8.05 |
| 4/30/91 | 375.339996 | 8.02 |
| 5/31/91 | 389.829987 | 8.06 |
| 6/30/91 | 371.160004 | 8.24 |
| 7/31/91 | 387.809998 | 8.2 |
| 8/31/91 | 395.429993 | 7.82 |
| 9/30/91 | 387.859985 | 7.47 |
| 10/31/91 | 392.450012 | 7.47 |
| 11/30/91 | 375.220001 | 7.38 |
| 12/31/91 | 417.089996 | 6.71 |
| 1/31/92 | 408.779999 | 7.31 |
| 2/29/92 | 412.700012 | 7.27 |
| 3/31/92 | 403.690002 | 7.54 |
| 4/30/92 | 414.950012 | 7.61 |
| 5/31/92 | 415.350006 | 7.33 |
| 6/30/92 | 408.140015 | 7.14 |
| 7/31/92 | 424.209991 | 6.72 |
| 8/31/92 | 414.029999 | 6.62 |
| 9/30/92 | 417.799988 | 6.37 |
| 10/31/92 | 418.679993 | 6.8 |
| 11/30/92 | 431.350006 | 6.95 |
| 12/31/92 | 435.709991 | 6.7 |
| 1/31/93 | 438.779999 | 6.39 |
| 2/28/93 | 443.380005 | 6.03 |
| 3/31/93 | 451.670013 | 6.03 |
| 4/30/93 | 440.190002 | 6.05 |
| 5/31/93 | 450.190002 | 6.16 |
| 6/30/93 | 450.529999 | 5.8 |
| 7/31/93 | 448.130005 | 5.83 |
| 8/31/93 | 463.559998 | 5.45 |
| 9/30/93 | 458.929993 | 5.4 |
| 10/31/93 | 467.829987 | 5.388 |
| 11/30/93 | 461.790009 | 5.795 |
| 12/31/93 | 466.450012 | 5.783 |
| 1/31/94 | 481.609985 | 5.638 |
| 2/28/94 | 467.140015 | 6.15 |
| 3/31/94 | 445.769989 | 6.774 |
| 4/30/94 | 450.910004 | 7.035 |
| 5/31/94 | 456.5 | 7.152 |
| 6/30/94 | 444.269989 | 7.329 |
| 7/31/94 | 458.26001 | 7.095 |
| 8/31/94 | 475.48999 | 7.165 |
| 9/30/94 | 462.709991 | 7.599 |
| 10/31/94 | 472.350006 | 7.793 |
| 11/30/94 | 453.690002 | 7.888 |
| 12/31/94 | 459.269989 | 7.827 |
| 1/31/95 | 470.420013 | 7.593 |
| 2/28/95 | 487.390015 | 7.21 |
| 3/31/95 | 500.709991 | 7.189 |
| 4/30/95 | 514.710022 | 7.046 |
| 5/31/95 | 533.400024 | 6.286 |
| 6/30/95 | 544.75 | 6.203 |
| 7/31/95 | 562.059998 | 6.429 |
| 8/31/95 | 561.880005 | 6.273 |
| 9/30/95 | 584.409973 | 6.157 |
| 10/31/95 | 581.5 | 6.003 |
| 11/30/95 | 605.369995 | 5.745 |
| 12/31/95 | 615.929993 | 5.575 |
| 1/31/96 | 636.02002 | 5.581 |
| 2/29/96 | 640.429993 | 6.112 |
| 3/31/96 | 645.5 | 6.334 |
| 4/30/96 | 654.169983 | 6.633 |
| 5/31/96 | 669.119995 | 6.844 |
| 6/30/96 | 670.630005 | 6.711 |
| 7/31/96 | 639.950012 | 6.79 |
| 8/31/96 | 651.98999 | 6.936 |
| 9/30/96 | 687.330017 | 6.699 |
| 10/31/96 | 705.27002 | 6.349 |
| 11/30/96 | 757.02002 | 6.04 |
| 12/31/96 | 740.73999 | 6.407 |
| 1/31/97 | 786.159973 | 6.503 |
| 2/28/97 | 790.820007 | 6.535 |
| 3/31/97 | 757.119995 | 6.907 |
| 4/30/97 | 801.340027 | 6.702 |
| 5/31/97 | 848.280029 | 6.663 |
| 6/30/97 | 885.140015 | 6.502 |
| 7/31/97 | 954.309998 | 6.004 |
| 8/31/97 | 899.469971 | 6.33 |
| 9/30/97 | 947.280029 | 6.107 |
| 10/31/97 | 914.619995 | 5.819 |
| 11/30/97 | 955.400024 | 5.851 |
| 12/31/97 | 970.429993 | 5.739 |
| 1/31/98 | 980.280029 | 5.512 |
| 2/28/98 | 1049.339966 | 5.616 |
| 3/31/98 | 1101.75 | 5.662 |
| 4/30/98 | 1111.75 | 5.667 |
| 5/31/98 | 1090.819946 | 5.546 |
| 6/30/98 | 1133.839966 | 5.434 |
| 7/31/98 | 1120.670044 | 5.494 |
| 8/31/98 | 957.280029 | 5.032 |
| 9/30/98 | 1017.01001 | 4.41 |
| 10/31/98 | 1098.670044 | 4.603 |
| 11/30/98 | 1163.630005 | 4.726 |
| 12/31/98 | 1229.22998 | 4.638 |
| 1/31/99 | 1279.640015 | 4.653 |
| 2/28/99 | 1238.329956 | 5.272 |
| 3/31/99 | 1286.369995 | 5.234 |
| 4/30/99 | 1335.180054 | 5.35 |
| 5/31/99 | 1301.839966 | 5.611 |
| 6/30/99 | 1372.709961 | 5.81 |
| 7/31/99 | 1328.719971 | 5.907 |
| 8/31/99 | 1320.410034 | 5.979 |
| 9/30/99 | 1282.709961 | 5.885 |
| 10/31/99 | 1362.930054 | 6.003 |
| 11/30/99 | 1388.910034 | 6.163 |
| 12/31/99 | 1469.25 | 6.435 |
| 1/31/00 | 1394.459961 | 6.667 |
| 2/29/00 | 1366.420044 | 6.409 |
| 3/31/00 | 1498.579956 | 6.023 |
| 4/30/00 | 1452.430054 | 6.214 |
| 5/31/00 | 1420.599976 | 6.285 |
| 6/30/00 | 1454.599976 | 6.018 |
| 7/31/00 | 1430.829956 | 6.029 |
| 8/31/00 | 1517.680054 | 5.729 |
| 9/30/00 | 1436.51001 | 5.778 |
| 10/31/00 | 1429.400024 | 5.757 |
| 11/30/00 | 1314.949951 | 5.439 |
| 12/31/00 | 1320.280029 | 5.11 |
| 1/31/01 | 1366.01001 | 5.179 |
| 2/28/01 | 1239.939941 | 4.908 |
| 3/31/01 | 1160.329956 | 4.915 |
| 4/30/01 | 1249.459961 | 5.338 |
| 5/31/01 | 1255.819946 | 5.413 |
| 6/30/01 | 1224.380005 | 5.39 |
| 7/31/01 | 1211.22998 | 5.037 |
| 8/31/01 | 1133.579956 | 4.816 |
| 9/30/01 | 1040.939941 | 4.575 |
| 10/31/01 | 1059.780029 | 4.263 |
| 11/30/01 | 1139.449951 | 4.744 |
| 12/31/01 | 1148.079956 | 5.032 |
| 1/31/02 | 1130.199951 | 5.025 |
| 2/28/02 | 1106.72998 | 4.859 |
| 3/31/02 | 1147.390015 | 5.406 |
| 4/30/02 | 1076.920044 | 5.091 |
| 5/31/02 | 1067.140015 | 5.043 |
| 6/30/02 | 989.820007 | 4.824 |
| 7/31/02 | 911.619995 | 4.465 |
| 8/31/02 | 916.070007 | 4.137 |
| 9/30/02 | 815.280029 | 3.607 |
| 10/31/02 | 885.76001 | 3.911 |
| 11/30/02 | 936.309998 | 4.213 |
| 12/31/02 | 879.820007 | 3.818 |
| 1/31/03 | 855.700012 | 3.975 |
| 2/28/03 | 841.150024 | 3.696 |
| 3/31/03 | 848.179993 | 3.823 |
| 4/30/03 | 916.919983 | 3.857 |
| 5/31/03 | 963.590027 | 3.35 |
| 6/30/03 | 974.5 | 3.528 |
| 7/31/03 | 990.309998 | 4.474 |
| 8/31/03 | 1008.01001 | 4.454 |
| 9/30/03 | 995.969971 | 3.937 |
| 10/31/03 | 1050.709961 | 4.301 |
| 11/30/03 | 1058.199951 | 4.32 |
| 12/31/03 | 1111.920044 | 4.257 |
| 1/31/04 | 1131.130005 | 4.138 |
| 2/29/04 | 1144.939941 | 3.984 |
| 3/31/04 | 1126.209961 | 3.837 |
| 4/30/04 | 1107.300049 | 4.501 |
| 5/31/04 | 1120.680054 | 4.655 |
| 6/30/04 | 1140.839966 | 4.617 |
| 7/31/04 | 1101.719971 | 4.475 |
| 8/31/04 | 1104.23999 | 4.132 |
| 9/30/04 | 1114.579956 | 4.119 |
| 10/31/04 | 1130.199951 | 4.029 |
| 11/30/04 | 1173.819946 | 4.358 |
| 12/31/04 | 1211.920044 | 4.216 |
| 1/31/05 | 1181.27002 | 4.133 |
| 2/28/05 | 1203.599976 | 4.359 |
| 3/31/05 | 1180.589966 | 4.496 |
| 4/30/05 | 1156.849976 | 4.201 |
| 5/31/05 | 1191.5 | 4.006 |
| 6/30/05 | 1191.329956 | 3.945 |
| 7/31/05 | 1234.180054 | 4.286 |
| 8/31/05 | 1220.329956 | 4.02 |
| 9/30/05 | 1228.810059 | 4.328 |
| 10/31/05 | 1207.01001 | 4.559 |
| 11/30/05 | 1249.47998 | 4.5 |
| 12/31/05 | 1248.290039 | 4.395 |
| 1/31/06 | 1280.079956 | 4.527 |
| 2/28/06 | 1280.660034 | 4.547 |
| 3/31/06 | 1294.869995 | 4.853 |
| 4/30/06 | 1310.609985 | 5.069 |
| 5/31/06 | 1270.089966 | 5.113 |
| 6/30/06 | 1270.199951 | 5.138 |
| 7/31/06 | 1276.660034 | 4.988 |
| 8/31/06 | 1303.819946 | 4.732 |
| 9/30/06 | 1335.849976 | 4.633 |
| 10/31/06 | 1377.939941 | 4.606 |
| 11/30/06 | 1400.630005 | 4.458 |
| 12/31/06 | 1418.300049 | 4.71 |
| 1/31/07 | 1438.23999 | 4.826 |
| 2/28/07 | 1406.819946 | 4.55 |
| 3/31/07 | 1420.859985 | 4.648 |
| 4/30/07 | 1482.369995 | 4.63 |
| 5/31/07 | 1530.619995 | 4.89 |
| 6/30/07 | 1503.349976 | 5.033 |
| 7/31/07 | 1455.27002 | 4.771 |
| 8/31/07 | 1473.98999 | 4.537 |
| 9/30/07 | 1526.75 | 4.579 |
| 10/31/07 | 1549.380005 | 4.475 |
| 11/30/07 | 1481.140015 | 3.972 |
| 12/31/07 | 1468.359985 | 4.035 |
| 1/31/08 | 1378.550049 | 3.639 |
| 2/29/08 | 1330.630005 | 3.534 |
| 3/31/08 | 1322.699951 | 3.432 |
| 4/30/08 | 1385.589966 | 3.759 |
| 5/31/08 | 1400.380005 | 4.046 |
| 6/30/08 | 1280 | 3.979 |
| 7/31/08 | 1267.380005 | 3.979 |
| 8/31/08 | 1282.829956 | 3.813 |
| 9/30/08 | 1166.359985 | 3.827 |
| 10/31/08 | 968.75 | 3.97 |
| 11/30/08 | 896.23999 | 2.957 |
| 12/31/08 | 903.25 | 2.244 |
| 1/31/09 | 825.880005 | 2.844 |
| 2/28/09 | 735.090027 | 3.041 |
| 3/31/09 | 797.869995 | 2.685 |
| 4/30/09 | 872.809998 | 3.124 |
| 5/31/09 | 919.140015 | 3.465 |
| 6/30/09 | 919.320007 | 3.523 |
| 7/31/09 | 987.47998 | 3.501 |
| 8/31/09 | 1020.619995 | 3.401 |
| 9/30/09 | 1057.079956 | 3.307 |
| 10/31/09 | 1036.189941 | 3.392 |
| 11/30/09 | 1095.630005 | 3.201 |
| 12/31/09 | 1115.099976 | 3.843 |
| 1/31/10 | 1073.869995 | 3.609 |
| 2/28/10 | 1104.48999 | 3.595 |
| 3/31/10 | 1169.430054 | 3.833 |
| 4/30/10 | 1186.689941 | 3.663 |
| 5/31/10 | 1089.410034 | 3.301 |
| 6/30/10 | 1030.709961 | 2.951 |
| 7/31/10 | 1101.599976 | 2.907 |
| 8/31/10 | 1049.329956 | 2.477 |
| 9/30/10 | 1141.199951 | 2.517 |
| 10/31/10 | 1183.26001 | 2.612 |
| 11/30/10 | 1180.550049 | 2.797 |
| 12/31/10 | 1257.640015 | 3.305 |
| 1/31/11 | 1286.119995 | 3.378 |
| 2/28/11 | 1327.219971 | 3.414 |
| 3/31/11 | 1325.829956 | 3.454 |
| 4/30/11 | 1363.609985 | 3.296 |
| 5/31/11 | 1345.199951 | 3.05 |
| 6/30/11 | 1320.640015 | 3.158 |
| 7/31/11 | 1292.280029 | 2.805 |
| 8/31/11 | 1218.890015 | 2.218 |
| 9/30/11 | 1131.420044 | 1.924 |
| 10/31/11 | 1253.300049 | 2.175 |
| 11/30/11 | 1246.959961 | 2.068 |
| 12/31/11 | 1257.599976 | 1.871 |
| 1/31/12 | 1312.410034 | 1.799 |
| 2/29/12 | 1365.680054 | 1.977 |
| 3/31/12 | 1408.469971 | 2.216 |
| 4/30/12 | 1397.910034 | 1.915 |
| 5/31/12 | 1310.329956 | 1.581 |
| 6/30/12 | 1362.160034 | 1.659 |
| 7/31/12 | 1379.319946 | 1.492 |
| 8/31/12 | 1406.579956 | 1.562 |
| 9/30/12 | 1440.670044 | 1.637 |
| 10/31/12 | 1412.160034 | 1.686 |
| 11/30/12 | 1416.180054 | 1.606 |
| 12/31/12 | 1426.189941 | 1.756 |
| 1/31/13 | 1498.109985 | 1.985 |
| 2/28/13 | 1514.680054 | 1.888 |
| 3/31/13 | 1569.189941 | 1.852 |
| 4/30/13 | 1597.569946 | 1.675 |
| 5/31/13 | 1630.73999 | 2.164 |
| 6/30/13 | 1606.280029 | 2.478 |
| 7/31/13 | 1685.72998 | 2.593 |
| 8/31/13 | 1632.969971 | 2.749 |
| 9/30/13 | 1681.550049 | 2.615 |
| 10/31/13 | 1756.540039 | 2.542 |
| 11/30/13 | 1805.810059 | 2.741 |
| 12/31/13 | 1848.359985 | 3.026 |
| 1/31/14 | 1782.589966 | 2.668 |
| 2/28/14 | 1859.449951 | 2.658 |
| 3/31/14 | 1872.339966 | 2.723 |
| 4/30/14 | 1883.949951 | 2.648 |
| 5/31/14 | 1923.569946 | 2.457 |
| 6/30/14 | 1960.22998 | 2.516 |
| 7/31/14 | 1930.670044 | 2.556 |
| 8/31/14 | 2003.369995 | 2.343 |
| 9/30/14 | 1972.290039 | 2.508 |
| 10/31/14 | 2018.050049 | 2.335 |
| 11/30/14 | 2067.560059 | 2.194 |
| 12/31/14 | 2058.899902 | 2.17 |
| 1/31/15 | 1994.98999 | 1.675 |
| 2/28/15 | 2104.5 | 2.002 |
| 3/31/15 | 2067.889893 | 1.934 |
| 4/30/15 | 2085.51001 | 2.046 |
| 5/31/15 | 2107.389893 | 2.095 |
| 6/30/15 | 2063.110107 | 2.335 |
| 7/31/15 | 2103.840088 | 2.205 |
| 8/31/15 | 1972.180054 | 2.2 |
| 9/30/15 | 1920.030029 | 2.06 |
| 10/31/15 | 2079.360107 | 2.151 |
| 11/30/15 | 2080.409912 | 2.218 |
| 12/31/15 | 2043.939941 | 2.269 |
| 1/31/16 | 1940.23999 | 1.931 |
| 2/29/16 | 1932.22998 | 1.74 |
| 3/31/16 | 2059.73999 | 1.786 |
| 4/30/16 | 2065.300049 | 1.819 |
| 5/31/16 | 2096.949951 | 1.834 |
| 6/30/16 | 2098.860107 | 1.488 |
| 7/31/16 | 2173.600098 | 1.458 |
| 8/31/16 | 2170.949951 | 1.568 |
| 9/30/16 | 2168.27002 | 1.608 |
| 10/31/16 | 2126.149902 | 1.834 |
| 11/30/16 | 2198.810059 | 2.368 |
| 12/31/16 | 2238.830078 | 2.479 |
| 1/31/17 | 2278.870117 | 2.451 |
| 2/28/17 | 2363.639893 | 2.358 |
| 3/31/17 | 2362.719971 | 2.396 |
| 4/30/17 | 2384.199951 | 2.282 |
| 5/31/17 | 2411.800049 | 2.196 |
| 6/30/17 | 2423.409912 | 2.302 |
| 7/31/17 | 2470.300049 | 2.292 |
| 8/31/17 | 2471.649902 | 2.121 |
| 9/30/17 | 2519.360107 | 2.326 |
| 10/31/17 | 2575.26001 | 2.376 |
| 11/30/17 | 2584.840088 | 2.417 |
| 12/31/17 | 2673.610107 | 2.405 |
| 1/31/18 | 2823.810059 | 2.72 |
| 2/28/18 | 2713.830078 | 2.868 |
| 3/31/18 | 2640.870117 | 2.741 |
| 4/30/18 | 2648.050049 | 2.936 |
| 5/31/18 | 2705.27002 | 2.822 |
| 6/30/18 | 2718.370117 | 2.849 |
| 7/31/18 | 2816.290039 | 2.964 |
| 8/31/18 | 2901.52002 | 2.853 |
| 9/30/18 | 2913.97998 | 3.056 |
| 10/31/18 | 2711.73999 | 3.159 |
| 11/30/18 | 2760.169922 | 3.013 |
| 12/31/18 | 2506.850098 | 2.686 |
| 1/31/19 | 2704.100098 | 2.635 |
| 2/28/19 | 2784.48999 | 2.711 |
| 3/31/19 | 2834.399902 | 2.414 |
| 4/30/19 | 2945.830078 | 2.509 |
| 5/31/19 | 2752.060059 | 2.142 |
| 6/30/19 | 2941.76001 | 2 |
| 7/31/19 | 2980.379883 | 2.021 |
| 8/31/19 | 2926.459961 | 1.506 |
| 9/30/19 | 2976.73999 | 1.675 |
| 10/31/19 | 3037.560059 | 1.691 |
| 11/30/19 | 3140.97998 | 1.776 |
| 12/31/19 | 3230.780029 | 1.919 |
| 1/31/20 | 3225.52002 | 1.52 |
| 2/29/20 | 2954.219971 | 1.127 |
| 3/31/20 | 2584.590088 | 0.698 |
| 4/30/20 | 2912.429932 | 0.622 |
| 5/31/20 | 3044.310059 | 0.648 |
| 6/30/20 | 3100.290039 | 0.653 |
Price&Yield Data (2015-2020)
| Date | Microsoft Stock Price (MSFT) | S&P 500 Index Price (^GSPC) | 10-Year Treasury Bond Yield (^TNX) |
| 7/31/15 | 42.264629 | 2103.840088 | 2.205 |
| 8/31/15 | 39.386646 | 1972.180054 | 2.2 |
| 9/30/15 | 40.320511 | 1920.030029 | 2.06 |
| 10/31/15 | 47.95462 | 2079.360107 | 2.151 |
| 11/30/15 | 49.512417 | 2080.409912 | 2.218 |
| 12/31/15 | 50.882519 | 2043.939941 | 2.269 |
| 1/31/16 | 50.524834 | 1940.23999 | 1.931 |
| 2/29/16 | 46.663708 | 1932.22998 | 1.74 |
| 3/31/16 | 51.016907 | 2059.73999 | 1.786 |
| 4/30/16 | 46.065788 | 2065.300049 | 1.819 |
| 5/31/16 | 48.957027 | 2096.949951 | 1.834 |
| 6/30/16 | 47.597221 | 2098.860107 | 1.488 |
| 7/31/16 | 52.7225 | 2173.600098 | 1.458 |
| 8/31/16 | 53.448044 | 2170.949951 | 1.568 |
| 9/30/16 | 53.912209 | 2168.27002 | 1.608 |
| 10/31/16 | 56.083664 | 2126.149902 | 1.834 |
| 11/30/16 | 56.401897 | 2198.810059 | 2.368 |
| 12/31/16 | 58.554443 | 2238.830078 | 2.479 |
| 1/31/17 | 60.919617 | 2278.870117 | 2.451 |
| 2/28/17 | 60.28828 | 2363.639893 | 2.358 |
| 3/31/17 | 62.436039 | 2362.719971 | 2.396 |
| 4/30/17 | 64.900871 | 2384.199951 | 2.282 |
| 5/31/17 | 66.209122 | 2411.800049 | 2.196 |
| 6/30/17 | 65.720985 | 2423.409912 | 2.302 |
| 7/31/17 | 69.315483 | 2470.300049 | 2.292 |
| 8/31/17 | 71.289108 | 2471.649902 | 2.121 |
| 9/30/17 | 71.400551 | 2519.360107 | 2.326 |
| 10/31/17 | 79.730133 | 2575.26001 | 2.376 |
| 11/30/17 | 80.679062 | 2584.840088 | 2.417 |
| 12/31/17 | 82.404037 | 2673.610107 | 2.405 |
| 1/31/18 | 91.526848 | 2823.810059 | 2.72 |
| 2/28/18 | 90.332314 | 2713.830078 | 2.868 |
| 3/31/18 | 88.336983 | 2640.870117 | 2.741 |
| 4/30/18 | 90.514664 | 2648.050049 | 2.936 |
| 5/31/18 | 95.663704 | 2705.27002 | 2.822 |
| 6/30/18 | 95.854782 | 2718.370117 | 2.849 |
| 7/31/18 | 103.116066 | 2816.290039 | 2.964 |
| 8/31/18 | 109.191444 | 2901.52002 | 2.853 |
| 9/30/18 | 111.602264 | 2913.97998 | 3.056 |
| 10/31/18 | 104.225212 | 2711.73999 | 3.159 |
| 11/30/18 | 108.206497 | 2760.169922 | 3.013 |
| 12/31/18 | 99.540192 | 2506.850098 | 2.686 |
| 1/31/19 | 102.34304 | 2704.100098 | 2.635 |
| 2/28/19 | 109.791168 | 2784.48999 | 2.711 |
| 3/31/19 | 116.076683 | 2834.399902 | 2.414 |
| 4/30/19 | 128.536667 | 2945.830078 | 2.509 |
| 5/31/19 | 121.72599 | 2752.060059 | 2.142 |
| 6/30/19 | 132.331619 | 2941.76001 | 2 |
| 7/31/19 | 134.613541 | 2980.379883 | 2.021 |
| 8/31/19 | 136.184204 | 2926.459961 | 1.506 |
| 9/30/19 | 137.797318 | 2976.73999 | 1.675 |
| 10/31/19 | 142.098831 | 3037.560059 | 1.691 |
| 11/30/19 | 150.037827 | 3140.97998 | 1.776 |
| 12/31/19 | 156.833633 | 3230.780029 | 1.919 |
| 1/31/20 | 169.2948 | 3225.52002 | 1.52 |
| 2/29/20 | 161.119965 | 2954.219971 | 1.127 |
| 3/31/20 | 157.271988 | 2584.590088 | 0.698 |
| 4/30/20 | 178.71228 | 2912.429932 | 0.622 |
| 5/31/20 | 182.741058 | 3044.310059 | 0.648 |
| 6/30/20 | 203.509995 | 3100.290039 | 0.653 |