Microsoft (MSFT) executive compensation, 2025 proxy

Satya Nadella, Chairman and Chief Executive Officer, was paid $96.5M in 2025, up 22% from $79.1M the year before. The CEO-to-median-employee pay ratio was 480:1, on median employee pay of $200,972.

Filed
October 21, 2025
Annual meeting
December 5, 2025
Pay year
2025
Named executives
5
CEO total pay
$96.5M+22% vs prior year
CEO to median employee
480:1median $200,972
CEO pay in equity
87%$84.2M in awards
Prior say-on-pay support
91%of votes cast
CEO target cash incentive
$7,500,000Fiscal 2025 target
CEO maximum cash incentive
$15,000,000Fiscal 2025 maximum
CEO PSA highest-performance value
$168,490,992Fiscal 2025 grants
Revenue growth
15%Fiscal 2025 year-over-year

How Nadella was paid

$96.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary3%Stock awards87%Non-equity incentive10%All other compensation0%

Named executive officers

ExecutiveTotal
Satya NadellaChairman and Chief Executive Officer$96,496,790
Amy E. HoodExecutive Vice President and Chief Financial Officer$29,481,551
Judson B. AlthoffExecutive Vice President and CEO Microsoft Commercial$28,198,734
Takeshi NumotoExecutive Vice President and Chief Marketing Officer$11,876,630
Bradford L. SmithVice Chair and President$28,267,295

What changed and why

  • 96,496,790 was CEO total compensation in 2025, compared with 79,106,183 in 2024.
  • 84,245,496 was the CEO’s stock-award value, representing the largest component of reported pay.
  • 7,500,000 was the CEO’s target fiscal 2025 cash incentive.
  • 15%15% was fiscal 2025 revenue growth, while operating income increased 17%.
  • SFI emphasis was added to operational cash-incentive metrics for fiscal 2025.
  • 91%Over 91% of votes cast supported the 2024 say-on-pay resolution.

Other Microsoft proxy statements

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.