Microsoft Income Statement

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

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Revenue	305,453	281,724	245,122	211,915	198,270	168,088
Revenue Growth (YoY)	16.67%	14.93%	15.67%	6.88%	17.96%	17.53%
Cost of Revenue	95,954	87,831	74,114	65,863	62,650	52,232
Gross Profit	209,499	193,893	171,008	146,052	135,620	115,856
Selling, General & Admin	33,263	32,877	32,065	30,334	27,725	25,224
Research & Development	33,677	32,488	29,510	27,195	24,512	20,716
Operating Expenses	66,940	65,365	61,575	57,529	52,237	45,940
Operating Income	142,559	128,528	109,433	88,523	83,383	69,916
Interest Expense	-2,678	-2,425	-2,983	-1,995	-2,047	-2,330
Interest & Investment Income	3,182	2,647	3,157	2,994	2,094	2,131
Earnings From Equity Investments	6,466	-	-	-	-32	-
Currency Exchange Gain (Loss)	-1,245	-767	123	108	232	133
Other Non Operating Income (Expenses)	3,432	984	-329	64	-388	20
EBT Excluding Unusual Items	151,716	128,967	109,401	89,694	83,242	69,870
Gain (Loss) on Sale of Investments	-5,176	-5,340	-1,614	-383	474	1,232
Pretax Income	146,540	123,627	107,787	89,311	83,716	71,102
Income Tax Expense	27,278	21,795	19,651	16,950	10,978	9,831
Net Income	119,262	101,832	88,136	72,361	72,738	61,271
Net Income to Common	119,262	101,832	88,136	72,361	72,738	61,271
Net Income Growth	28.58%	15.54%	21.80%	-0.52%	18.71%	38.37%
Shares Outstanding (Basic)	7,432	7,433	7,431	7,446	7,496	7,547
Shares Outstanding (Diluted)	7,462	7,465	7,469	7,472	7,540	7,608
Shares Change (YoY)	-0.12%	-0.05%	-0.04%	-0.90%	-0.89%	-0.98%
EPS (Basic)	16.05	13.70	11.86	9.72	9.70	8.12
EPS (Diluted)	15.98	13.64	11.80	9.68	9.65	8.05
EPS Growth	28.77%	15.59%	21.90%	0.31%	19.88%	39.76%
Free Cash Flow	77,412	71,611	74,071	59,475	65,149	56,118
Free Cash Flow Per Share	10.37	9.59	9.92	7.96	8.64	7.38
Dividend Per Share	3.480	3.320	3.000	2.720	2.480	2.240
Dividend Growth	10.13%	10.67%	10.29%	9.68%	10.71%	9.80%
Gross Margin	68.59%	68.82%	69.76%	68.92%	68.40%	68.93%
Operating Margin	46.67%	45.62%	44.64%	41.77%	42.05%	41.59%
Profit Margin	39.04%	36.15%	35.96%	34.15%	36.69%	36.45%
Free Cash Flow Margin	25.34%	25.42%	30.22%	28.07%	32.86%	33.39%
EBITDA	175,259	156,528	129,433	102,023	97,983	80,816
EBITDA Margin	57.38%	55.56%	52.80%	48.14%	49.42%	48.08%
D&A For EBITDA	32,700	28,000	20,000	13,500	14,600	10,900
EBIT	142,559	128,528	109,433	88,523	83,383	69,916
EBIT Margin	46.67%	45.62%	44.64%	41.77%	42.05%	41.59%
Effective Tax Rate	18.62%	17.63%	18.23%	18.98%	13.11%	13.83%
Revenue as Reported	305,453	281,724	245,122	211,915	198,270	168,088
Advertising Expenses	-	2,100	1,700	904	1,500	1,500

Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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