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The Office 365 server has the maximum send and receive message size (and optional attachment) set at 25 MB. Keep in mind that someone's mailbox on the Office 365 server will be prohibited from receiving messages if they exceed the maximum quota limit.
In response to feedback from our customers, we have increased the recipient rate limit within Office 365 Enterprise (E1, E2, E3, E4, K1, and K2), Professionals and Small Businesses (P1), and Government plans (G1, G2, G3, and G4) to allow users to send email to up to 10,000 recipients per day.