Microsoft Corporation (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	Sep 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	254,190	245,122	211,915	198,270	168,088	143,015
Revenue Growth (YoY)	16.44%	15.67%	6.88%	17.96%	17.53%	13.65%
Cost of Revenue	77,911	74,114	65,711	62,650	52,232	46,078
Gross Profit	176,279	171,008	146,204	135,620	115,856	96,937
Selling, General & Admin	32,794	32,065	30,334	27,725	25,224	24,709
Research & Development	30,395	29,510	27,195	24,512	20,716	19,269
Operating Expenses	63,189	61,575	57,529	52,237	45,940	43,978
Operating Income	113,090	109,433	88,675	83,383	69,916	52,959
Interest Expense	-3,039	-2,983	-1,995	-2,047	-2,330	-2,591
Interest & Investment Income	2,672	3,157	2,994	2,094	2,131	2,680
Earnings From Equity Investments	-1,865	-1,319	-223	-32	-	-
Currency Exchange Gain (Loss)	-142	75	169	232	133	-171
Other Non Operating Income (Expenses)	-219	-281	3	-388	20	127
EBT Excluding Unusual Items	110,497	108,082	89,623	83,242	69,870	53,004
Merger & Restructuring Charges	-	-	-152	-	-	-
Gain (Loss) on Sale of Investments	275	-295	-160	474	1,232	32
Pretax Income	110,772	107,787	89,311	83,716	71,102	53,036
Income Tax Expense	20,260	19,651	16,950	10,978	9,831	8,755
Net Income	90,512	88,136	72,361	72,738	61,271	44,281
Net Income to Common	90,512	88,136	72,361	72,738	61,271	44,281
Net Income Growth	17.40%	21.80%	-0.52%	18.72%	38.37%	12.85%
Shares Outstanding (Basic)	7,432	7,431	7,446	7,496	7,547	7,610
Shares Outstanding (Diluted)	7,471	7,469	7,472	7,540	7,608	7,683
Shares Change (YoY)	0.06%	-0.04%	-0.90%	-0.89%	-0.98%	-0.90%
EPS (Basic)	12.18	11.86	9.72	9.70	8.12	5.82
EPS (Diluted)	12.11	11.80	9.68	9.65	8.05	5.76
EPS Growth	17.35%	21.90%	0.31%	19.88%	39.76%	13.83%
Free Cash Flow	72,662	74,071	59,475	65,149	56,118	45,234
Free Cash Flow Per Share	9.73	9.92	7.96	8.64	7.38	5.89
Dividend Per Share	3.080	3.000	2.720	2.480	2.240	2.040
Dividend Growth	10.39%	10.29%	9.68%	10.71%	9.80%	10.87%
Gross Margin	69.35%	69.76%	68.99%	68.40%	68.93%	67.78%
Operating Margin	44.49%	44.64%	41.84%	42.06%	41.59%	37.03%
Profit Margin	35.61%	35.96%	34.15%	36.69%	36.45%	30.96%
Free Cash Flow Margin	28.59%	30.22%	28.07%	32.86%	33.39%	31.63%
EBITDA	136,552	129,433	102,175	97,983	80,816	65,259
EBITDA Margin	53.72%	52.80%	48.22%	49.42%	48.08%	45.63%
D&A For EBITDA	23,462	20,000	13,500	14,600	10,900	12,300
EBIT	113,090	109,433	88,675	83,383	69,916	52,959
EBIT Margin	44.49%	44.64%	41.84%	42.06%	41.59%	37.03%
Effective Tax Rate	18.29%	18.23%	18.98%	13.11%	13.83%	16.51%
Revenue as Reported	254,190	245,122	211,915	198,270	168,088	143,015
Advertising Expenses	-	1,700	904	1,500	1,500	1,600

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