Microsoft Income Statement

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

Millions USD. Fiscal year is Jul - Jun.

Fiscal Quarter	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	+20 Quarters
Period Ending	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021	Dec '20 Dec 31, 2020	Sep '20 Sep 30, 2020	Jun '20 Jun 30, 2020	Mar '20 Mar 31, 2020	+20 Quarters
Revenue	261,802	254,190	245,122	236,584	227,583	218,310	211,915	207,591	204,094	203,075	198,270	192,557	184,903	176,251	168,088	159,969	153,284	147,114	143,015	138,699	Upgrade
Revenue Growth (YoY)	15.04%	16.43%	15.67%	13.97%	11.51%	7.50%	6.88%	7.81%	10.38%	15.22%	17.96%	20.37%	20.63%	19.81%	17.53%	15.33%	14.18%	13.33%	13.65%	13.49%	Upgrade
Cost of Revenue	80,087	77,911	74,114	71,225	68,848	66,561	65,711	65,345	64,832	64,456	62,650	60,212	57,642	54,876	52,232	50,580	48,510	46,674	46,078	44,151	Upgrade
Gross Profit	181,715	176,279	171,008	165,359	158,735	151,749	146,204	142,246	139,262	138,619	135,620	132,345	127,261	121,375	115,856	109,389	104,774	100,440	96,937	94,548	Upgrade
Selling, General & Admin	32,834	32,794	32,065	30,604	30,678	30,471	30,334	29,986	29,668	28,415	27,725	27,051	26,385	25,708	25,224	24,732	24,507	24,475	24,709	24,023	Upgrade
Research & Development	31,170	30,395	29,510	28,193	27,524	27,226	27,195	27,305	26,627	25,541	24,512	23,350	22,248	21,389	20,716	20,243	19,926	19,630	19,269	18,568	Upgrade
Operating Expenses	64,004	63,189	61,575	58,797	58,202	57,697	57,529	57,291	56,295	53,956	52,237	50,401	48,633	47,097	45,940	44,975	44,433	44,105	43,978	42,591	Upgrade
Operating Income	117,711	113,090	109,433	106,562	100,533	94,052	88,675	84,955	82,967	84,663	83,383	81,944	78,628	74,278	69,916	64,414	60,341	56,335	52,959	51,957	Upgrade
Interest Expense	-2,722	-3,039	-2,983	-2,762	-2,461	-2,033	-1,995	-1,995	-1,984	-2,012	-2,047	-2,104	-2,233	-2,280	-2,330	-2,465	-2,452	-2,539	-2,591	-2,576	Upgrade
Interest & Investment Income	2,538	2,672	3,157	3,424	3,553	3,519	2,994	2,641	2,412	2,215	2,094	2,039	2,039	2,081	2,131	2,229	2,383	2,526	2,680	2,794	Upgrade
Earnings From Equity Investments	-2,861	-1,865	-1,319	-	-529	-360	-223	-	-	-	-32	-	-	-	-	-	-	-	-	-	Upgrade
Currency Exchange Gain (Loss)	984	-142	75	37	43	125	169	185	1	236	232	7	-135	8	133	393	387	249	-171	-165	Upgrade
Other Non Operating Income (Expenses)	-1,385	-219	-281	-695	267	152	3	-140	-444	-441	-388	-242	-38	-63	20	-131	-158	-125	127	-71	Upgrade
EBT Excluding Unusual Items	114,265	110,497	108,082	106,566	101,406	95,455	89,623	85,646	82,952	84,661	83,242	81,644	78,261	74,024	69,870	64,440	60,501	56,446	53,004	51,939	Upgrade
Merger & Restructuring Charges	-	-	-	-800	-	-152	-152	-152	-152	-	-	-	-	-	-	-186	-186	-186	-	-	Upgrade
Gain (Loss) on Sale of Investments	-654	275	-295	-502	-196	-280	-160	-423	-212	103	474	990	1,419	1,478	1,232	865	411	214	32	271	Upgrade
Pretax Income	113,611	110,772	107,787	105,264	101,210	95,023	89,311	85,071	82,588	84,764	83,716	82,634	79,680	75,502	71,102	65,119	60,726	56,474	53,036	52,210	Upgrade
Income Tax Expense	20,861	20,260	19,651	19,083	18,669	17,927	16,950	16,051	15,139	14,975	10,978	10,178	8,495	7,619	9,831	9,104	9,416	8,978	8,755	5,944	Upgrade
Net Income	92,750	90,512	88,136	86,181	82,541	77,096	72,361	69,020	67,449	69,789	72,738	72,456	71,185	67,883	61,271	56,015	51,310	47,496	44,281	46,266	Upgrade
Net Income to Common	92,750	90,512	88,136	86,181	82,541	77,096	72,361	69,020	67,449	69,789	72,738	72,456	71,185	67,883	61,271	56,015	51,310	47,496	44,281	46,266	Upgrade
Net Income Growth	12.37%	17.40%	21.80%	24.86%	22.38%	10.47%	-0.52%	-4.74%	-5.25%	2.81%	18.71%	29.35%	38.73%	42.92%	38.37%	21.07%	15.76%	15.58%	12.85%	32.47%	Upgrade
Shares Outstanding (Basic)	7,433	7,432	7,431	7,432	7,435	7,439	7,446	7,456	7,469	7,482	7,496	7,510	7,521	7,534	7,547	7,561	7,577	7,593	7,610	7,628	Upgrade
Shares Outstanding (Diluted)	7,471	7,471	7,469	7,467	7,465	7,466	7,472	7,482	7,499	7,520	7,540	7,559	7,575	7,591	7,608	7,626	7,646	7,665	7,683	7,704	Upgrade
Shares Change (YoY)	0.08%	0.06%	-0.04%	-0.20%	-0.45%	-0.71%	-0.90%	-1.03%	-1.00%	-0.94%	-0.89%	-0.88%	-0.93%	-0.97%	-0.98%	-1.01%	-0.96%	-0.96%	-0.90%	-0.79%	Upgrade
EPS (Basic)	12.48	12.18	11.86	11.60	11.10	10.36	9.72	9.26	9.03	9.33	9.70	9.65	9.46	9.01	8.12	7.41	6.77	6.26	5.82	6.07	Upgrade
EPS (Diluted)	12.41	12.11	11.80	11.54	11.06	10.32	9.68	9.23	9.00	9.29	9.65	9.58	9.39	8.94	8.05	7.34	6.71	6.20	5.76	6.00	Upgrade
EPS Growth	12.20%	17.35%	21.90%	25.05%	22.93%	11.11%	0.31%	-3.67%	-4.17%	3.91%	19.88%	30.55%	39.98%	44.20%	39.76%	22.26%	16.84%	16.96%	13.83%	33.35%	Upgrade
Free Cash Flow	70,031	72,662	74,071	70,576	67,445	63,226	59,475	57,406	59,618	63,334	65,149	63,649	60,693	60,420	56,118	53,789	50,436	49,229	45,234	43,362	Upgrade
Free Cash Flow Per Share	9.37	9.73	9.92	9.45	9.04	8.47	7.96	7.67	7.95	8.42	8.64	8.42	8.01	7.96	7.38	7.05	6.60	6.42	5.89	5.63	Upgrade
Dividend Per Share	3.160	3.080	3.000	2.930	2.860	2.790	2.720	2.660	2.600	2.540	2.480	2.420	2.360	2.300	2.240	2.190	2.140	2.090	2.040	1.990	Upgrade
Dividend Growth	10.49%	10.39%	10.29%	10.15%	10.00%	9.84%	9.68%	9.92%	10.17%	10.44%	10.71%	10.50%	10.28%	10.05%	9.80%	10.05%	10.31%	10.58%	10.87%	10.56%	Upgrade
Gross Margin	69.41%	69.35%	69.76%	69.89%	69.75%	69.51%	68.99%	68.52%	68.23%	68.26%	68.40%	68.73%	68.83%	68.86%	68.93%	68.38%	68.35%	68.27%	67.78%	68.17%	Upgrade
Operating Margin	44.96%	44.49%	44.64%	45.04%	44.17%	43.08%	41.84%	40.92%	40.65%	41.69%	42.05%	42.56%	42.52%	42.14%	41.59%	40.27%	39.37%	38.29%	37.03%	37.46%	Upgrade
Profit Margin	35.43%	35.61%	35.96%	36.43%	36.27%	35.32%	34.15%	33.25%	33.05%	34.37%	36.69%	37.63%	38.50%	38.52%	36.45%	35.02%	33.47%	32.29%	30.96%	33.36%	Upgrade
Free Cash Flow Margin	26.75%	28.59%	30.22%	29.83%	29.64%	28.96%	28.07%	27.65%	29.21%	31.19%	32.86%	33.05%	32.82%	34.28%	33.39%	33.63%	32.90%	33.46%	31.63%	31.26%	Upgrade
EBITDA	142,041	136,552	129,433	125,982	117,475	108,683	102,175	99,061	97,297	98,841	97,983	94,983	90,830	85,745	80,816	75,764	71,873	68,309	65,259	64,091	Upgrade
EBITDA Margin	54.25%	53.72%	52.80%	53.25%	51.62%	49.78%	48.22%	47.72%	47.67%	48.67%	49.42%	49.33%	49.12%	48.65%	48.08%	47.36%	46.89%	46.43%	45.63%	46.21%	Upgrade
D&A For EBITDA	24,330	23,462	20,000	19,420	16,942	14,631	13,500	14,106	14,330	14,178	14,600	13,039	12,202	11,467	10,900	11,350	11,532	11,974	12,300	12,134	Upgrade
EBIT	117,711	113,090	109,433	106,562	100,533	94,052	88,675	84,955	82,967	84,663	83,383	81,944	78,628	74,278	69,916	64,414	60,341	56,335	52,959	51,957	Upgrade
EBIT Margin	44.96%	44.49%	44.64%	45.04%	44.17%	43.08%	41.84%	40.92%	40.65%	41.69%	42.05%	42.56%	42.52%	42.14%	41.59%	40.27%	39.37%	38.29%	37.03%	37.46%	Upgrade
Effective Tax Rate	18.36%	18.29%	18.23%	18.13%	18.45%	18.87%	18.98%	18.87%	18.33%	17.67%	13.11%	12.32%	10.66%	10.09%	13.83%	13.98%	15.51%	15.90%	16.51%	11.39%	Upgrade
Revenue as Reported	261,802	254,190	245,122	236,584	227,583	218,310	211,915	207,591	204,094	203,075	198,270	192,557	184,903	176,251	168,088	159,969	153,284	147,114	143,015	138,699	Upgrade
Advertising Expenses	-	-	1,700	-	-	-	904	-	-	-	1,500	-	-	-	1,500	-	-	-	1,600	-	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q