Microsoft Corporation (NEO: MSFT)

Microsoft Income Statement

Financials in millions USD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	245,122	245,122	211,915	198,270	168,088	143,015
Revenue Growth (YoY)	15.67%	15.67%	6.88%	17.96%	17.53%	13.65%
Cost of Revenue	74,114	74,114	65,711	62,650	52,232	46,078
Gross Profit	171,008	171,008	146,204	135,620	115,856	96,937
Selling, General & Admin	32,065	32,065	30,334	27,725	25,224	24,709
Research & Development	29,510	29,510	27,195	24,512	20,716	19,269
Operating Expenses	61,575	61,575	57,529	52,237	45,940	43,978
Operating Income	109,433	109,433	88,675	83,383	69,916	52,959
Interest Expense	-2,983	-2,983	-1,995	-2,047	-2,330	-2,591
Interest & Investment Income	3,157	3,157	2,994	2,094	2,131	2,680
Earnings From Equity Investments	-1,319	-1,319	-223	-32	-	-
Currency Exchange Gain (Loss)	75	75	169	232	133	-171
Other Non Operating Income (Expenses)	-281	-281	3	-388	20	127
EBT Excluding Unusual Items	108,082	108,082	89,623	83,242	69,870	53,004
Merger & Restructuring Charges	-	-	-152	-	-	-
Gain (Loss) on Sale of Investments	-295	-295	-160	474	1,232	32
Pretax Income	107,787	107,787	89,311	83,716	71,102	53,036
Income Tax Expense	19,651	19,651	16,950	10,978	9,831	8,755
Net Income	88,136	88,136	72,361	72,738	61,271	44,281
Net Income to Common	88,136	88,136	72,361	72,738	61,271	44,281
Net Income Growth	21.80%	21.80%	-0.52%	18.72%	38.37%	12.85%
Shares Outstanding (Basic)	7,431	7,431	7,446	7,496	7,547	7,610
Shares Outstanding (Diluted)	7,469	7,469	7,472	7,540	7,608	7,683
Shares Change (YoY)	-0.04%	-0.04%	-0.90%	-0.89%	-0.98%	-0.90%
EPS (Basic)	11.86	11.86	9.72	9.70	8.12	5.82
EPS (Diluted)	11.80	11.80	9.68	9.65	8.05	5.76
EPS Growth	21.90%	21.90%	0.31%	19.88%	39.76%	13.83%
Free Cash Flow	74,071	74,071	59,475	65,149	56,118	45,234
Free Cash Flow Per Share	9.92	9.92	7.96	8.64	7.38	5.89
Dividend Per Share	3.000	3.000	2.720	2.480	2.240	2.040
Dividend Growth	10.29%	10.29%	9.68%	10.71%	9.80%	10.87%
Gross Margin	69.76%	69.76%	68.99%	68.40%	68.93%	67.78%
Operating Margin	44.64%	44.64%	41.84%	42.06%	41.59%	37.03%
Profit Margin	35.96%	35.96%	34.15%	36.69%	36.45%	30.96%
Free Cash Flow Margin	30.22%	30.22%	28.07%	32.86%	33.39%	31.63%
EBITDA	129,433	129,433	102,175	97,983	80,816	65,259
EBITDA Margin	52.80%	52.80%	48.22%	49.42%	48.08%	45.63%
D&A For EBITDA	20,000	20,000	13,500	14,600	10,900	12,300
EBIT	109,433	109,433	88,675	83,383	69,916	52,959
EBIT Margin	44.64%	44.64%	41.84%	42.06%	41.59%	37.03%
Effective Tax Rate	18.23%	18.23%	18.98%	13.11%	13.83%	16.51%
Revenue as Reported	245,122	245,122	211,915	198,270	168,088	143,015
Advertising Expenses	1,700	1,700	904	1,500	1,500	1,600

Source: S&P Capital IQ. Standard template. Financial Sources.