• Microsoft average return on tangible equity for 2023 was 66.08, a 13.91% increase from 2022.
• Microsoft average return on tangible equity for 2022 was 76.76, a 2.49% decline from 2021.
• Microsoft average return on tangible equity for 2021 was 78.72, a 7.69% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.