Marina Lyubimova
⬤ Microsoft (MSFT) has put together one of the most consistent revenue growth runs in tech history. Annual revenue climbed from around $93 billion in 2015 to roughly $281 billion in 2025. Forward estimates now point to roughly $440 billion by 2028 — meaning Microsoft could add about $160 billion in revenue in just three years.
⬤ The numbers tell a clear story. MSFT crossed $125.8B in 2019, hit $168.1B in 2021, and kept pushing higher through the early 2020s — $198.3B in 2022, $245.1B in 2024. Forecasts call for $327.8B in 2026 and $378.2B in 2027 before reaching $440.7B in 2028. That works out to a 12.7% compound annual growth rate (CAGR) and a total change of roughly 371% over the full period covered by the chart.
MSFT's revenue trajectory — from $93B to a projected $440B — reflects a 12.7% CAGR driven by cloud, software, and AI services.
⬤ On the technical side, MSFT shares are hovering near the 200-week simple moving average, a level long-term investors watch closely as a structural support marker. As covered in MSFT Hits 22.63x Forward P/E as Azure Sells Out and Copilot Reaches 450M Users, the stock trades at comparatively modest forward multiples even as Azure and Copilot keep expanding across enterprise clients.
⬤ The bigger picture is that Microsoft's growth is no longer just about software licensing. Cloud infrastructure, AI tooling, and enterprise services are doing the heavy lifting. Microsoft Stock News: Azure Growth Tops 40% in Strong Quarter highlights how Azure's acceleration is a core driver behind these revenue projections. If demand across those segments holds up, the path to $440B looks less like a forecast and more like a baseline.
Marina Lyubimova
