Microsoft's net income for the latest fiscal year ending in 2023 is $20.08 billion. The company's net income has shown a fluctuating trend in the past years, with the lowest net income being $11.2 billion in 2020. However, the latest figures indicate a significant increase in net income. At the same time, the company's R&D expenses have also increased steadily over the years, with the latest figures being $6.74 billion. Overall, Microsoft's performance in terms of net income and R&D expenses has been impressive in the past years.