Microsoft Income Statement

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

Millions USD. Fiscal year is Jul - Jun.

Quarter Ended	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	+85 Quarters
Revenue	62,020	56,517	56,189	52,857	52,747	50,122	51,865	49,360	51,728	45,317	46,152	41,706	43,076	37,154	38,033	35,021	36,906	33,055	33,717	30,571	32,471	29,084	30,085	26,819	28,918	24,538	25,605	23,212	25,826	21,928	26,448	20,531	23,796	20,379	22,180	21,729	26,470	23,201	23,382	20,403	Upgrade
Revenue Growth (YoY)	17.58%	12.76%	8.34%	7.08%	1.97%	10.60%	12.38%	18.35%	20.09%	21.97%	21.35%	19.09%	16.72%	12.40%	12.80%	14.56%	13.66%	13.65%	12.07%	13.99%	12.29%	18.53%	17.50%	15.54%	11.97%	11.90%	-3.19%	13.06%	8.53%	7.60%	19.24%	-5.51%	-10.10%	-12.16%	-5.14%	6.50%	7.96%	25.21%	17.52%	-0.42%	Upgrade
Cost of Revenue	19,623	16,302	16,795	16,128	17,488	15,452	16,429	15,615	16,960	13,646	13,991	13,045	14,194	11,002	12,339	10,975	12,358	10,406	10,412	10,170	12,423	9,905	9,742	9,269	11,064	8,278	8,456	8,060	9,901	7,844	7,979	7,722	9,872	7,207	7,468	7,161	10,136	8,273	7,633	5,978	Upgrade
Gross Profit	42,397	40,215	39,394	36,729	35,259	34,670	35,436	33,745	34,768	31,671	32,161	28,661	28,882	26,152	25,694	24,046	24,548	22,649	23,305	20,401	20,048	19,179	20,343	17,550	17,854	16,260	17,149	15,152	15,925	14,084	18,469	12,809	13,924	13,172	14,712	14,568	16,334	14,928	15,749	14,425	Upgrade
Selling, General & Admin	8,223	6,661	8,401	7,393	8,016	6,524	8,053	7,075	6,763	5,834	7,379	6,409	6,086	5,350	7,073	6,184	6,054	5,398	6,387	5,744	5,720	5,247	6,031	5,543	5,671	4,978	5,647	5,074	4,958	4,263	5,237	4,546	4,998	4,417	5,233	4,800	5,412	4,879	6,017	4,708	Upgrade
Research & Development	7,142	6,659	6,739	6,984	6,844	6,628	6,849	6,306	5,758	5,599	5,687	5,204	4,899	4,926	5,214	4,887	4,603	4,565	4,513	4,316	4,070	3,977	3,933	3,715	3,504	3,574	3,514	3,355	3,062	3,106	3,146	2,980	2,900	2,962	3,094	2,984	2,903	3,065	3,123	2,743	Upgrade
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	306	0	0	0	1,110	0	0	0	8,438	190	243	1,140	127	0	Upgrade
Operating Expenses	15,365	13,320	15,140	14,377	14,860	13,152	14,902	13,381	12,521	11,433	13,066	11,613	10,985	10,276	12,287	11,071	10,657	9,963	10,900	10,060	9,790	9,224	9,964	9,258	9,175	8,552	9,467	8,429	8,020	7,369	9,493	7,526	7,898	7,379	16,765	7,974	8,558	9,084	9,267	7,451	Upgrade
Operating Income	27,032	26,895	24,254	22,352	20,399	21,518	20,534	20,364	22,247	20,238	19,095	17,048	17,897	15,876	13,407	12,975	13,891	12,686	12,405	10,341	10,258	9,955	10,379	8,292	8,679	7,708	7,682	6,723	7,905	6,715	8,976	5,283	6,026	5,793	-2,053	6,594	7,776	5,844	6,482	6,974	Upgrade
Interest Expense / Income	909	525	482	496	490	500	496	503	525	539	553	633	571	589	686	614	654	637	669	671	672	674	672	691	698	672	655	609	521	437	345	340	309	249	247	211	162	161	169	175	Upgrade
Other Expense / Income	-403	-914	-955	-817	-430	-554	-449	-329	-793	-825	-863	-821	-1,011	-837	-701	-482	-848	-637	-860	-816	-799	-940	-973	-1,040	-1,188	-948	-931	-980	-638	-549	-604	-93	-138	31	-544	-134	-236	-213	-264	-158	Upgrade
Pretax Income	26,526	27,284	24,727	22,673	20,339	21,572	20,487	20,190	22,515	20,524	19,405	17,236	18,337	16,124	13,422	12,843	14,085	12,686	12,596	10,486	10,385	10,221	10,680	8,641	9,169	7,984	7,958	7,094	8,022	6,827	9,235	5,036	5,855	5,513	-1,756	6,517	7,850	5,896	6,577	6,957	Upgrade
Income Tax	4,656	4,993	4,646	4,374	3,914	4,016	3,747	3,462	3,750	19	2,947	1,779	2,874	2,231	2,220	2,091	2,436	2,008	-591	1,677	1,965	1,397	1,807	1,217	15,471	1,408	-111	1,608	1,755	1,160	2,372	1,280	837	611	1,439	1,532	1,987	1,356	1,965	1,297	Upgrade
Net Income	21,870	22,291	20,081	18,299	16,425	17,556	16,740	16,728	18,765	20,505	16,458	15,457	15,463	13,893	11,202	10,752	11,649	10,678	13,187	8,809	8,420	8,824	8,873	7,424	-6,302	6,576	8,069	5,486	6,267	5,667	6,863	3,756	5,018	4,902	-3,195	4,985	5,863	4,540	4,612	5,660	Upgrade
Net Income Growth	33.15%	26.97%	19.96%	9.39%	-12.47%	-14.38%	1.71%	8.22%	21.35%	47.59%	46.92%	43.76%	32.74%	30.11%	-15.05%	22.06%	38.35%	21.01%	48.62%	18.66%	-	34.18%	9.96%	35.33%	-	16.04%	17.57%	46.06%	24.89%	15.61%	-	-24.65%	-14.41%	7.97%	-	-11.93%	-10.60%	-13.42%	-7.11%	-6.52%	Upgrade
Shares Outstanding (Basic)	7,432	7,429	7,434	7,441	7,451	7,457	7,472	7,493	7,505	7,513	7,526	7,539	7,555	7,566	7,583	7,602	7,621	7,634	7,655	7,672	7,692	7,673	7,682	7,698	7,710	7,708	7,716	7,725	7,755	7,789	7,844	7,895	7,964	7,996	8,063	8,167	8,228	8,249	8,245	8,284	Upgrade
Shares Outstanding (Diluted)	7,468	7,462	7,466	7,464	7,473	7,485	7,504	7,534	7,555	7,567	7,581	7,597	7,616	7,637	7,653	7,675	7,691	7,710	7,735	7,744	7,768	7,766	7,782	7,794	7,710	7,799	7,808	7,813	7,830	7,876	7,929	7,985	8,051	8,084	8,137	8,237	8,297	8,351	8,363	8,367	Upgrade
Shares Change	-0.07%	-0.31%	-0.51%	-0.93%	-1.09%	-1.08%	-1.02%	-0.83%	-0.80%	-0.92%	-0.94%	-1.02%	-0.98%	-0.95%	-1.06%	-0.89%	-0.99%	-0.72%	-0.60%	-0.64%	0.75%	-0.42%	-0.33%	-0.24%	-1.53%	-0.98%	-1.53%	-2.15%	-2.75%	-2.57%	-2.56%	-3.06%	-2.96%	-3.20%	-2.70%	-1.55%	-1.17%	-0.98%	-1.19%	-0.74%	Upgrade
EPS (Basic)	2.94	3.00	2.70	2.46	2.20	2.35	2.24	2.23	2.50	2.73	2.19	2.05	2.05	1.84	1.48	1.41	1.53	1.40	1.72	1.15	1.09	1.15	1.15	0.96	-0.82	0.85	1.04	0.71	0.81	0.73	0.87	0.48	0.63	0.61	-0.38	0.61	0.71	0.55	0.56	0.68	Upgrade
EPS (Diluted)	2.93	2.99	2.69	2.45	2.20	2.35	2.24	2.22	2.48	2.71	2.17	2.03	2.03	1.82	1.46	1.40	1.51	1.38	1.70	1.14	1.08	1.14	1.14	0.95	-0.82	0.84	1.03	0.70	0.80	0.72	0.86	0.47	0.62	0.61	-0.38	0.61	0.71	0.54	0.55	0.68	Upgrade
EPS Growth	33.18%	27.23%	20.09%	10.36%	-11.29%	-13.28%	3.23%	9.36%	22.17%	48.90%	48.63%	45.00%	34.44%	31.88%	-14.12%	22.81%	39.81%	21.05%	49.12%	20.00%	-	35.71%	10.68%	35.71%	-	16.67%	19.77%	48.94%	29.03%	18.03%	-	-22.95%	-12.68%	12.96%	-	-10.29%	-8.97%	-12.90%	-6.78%	-5.56%	Upgrade
Free Cash Flow	9,118	20,666	19,827	17,834	4,899	16,915	17,758	20,046	8,615	18,730	16,258	17,090	8,342	14,428	13,929	13,737	7,135	10,433	12,057	10,955	5,193	10,055	7,438	9,217	5,289	10,308	8,722	8,965	4,305	9,386	5,809	8,059	3,594	7,520	5,068	8,210	2,850	7,072	8,455	8,907	Upgrade
Free Cash Flow Per Share	1.23	2.78	2.67	2.40	0.66	2.27	2.38	2.67	1.15	2.49	2.16	2.27	1.10	1.91	1.84	1.81	0.94	1.37	1.57	1.43	0.68	1.31	0.97	1.20	0.69	1.34	1.13	1.16	0.56	1.21	0.74	1.02	0.45	0.94	0.63	1.00	0.35	0.86	1.02	1.07	Upgrade
Dividend Per Share	0.750	0.680	0.680	0.680	0.680	0.620	0.620	0.620	0.620	0.560	0.560	0.560	0.560	0.510	0.510	0.510	0.510	0.460	0.460	0.460	0.460	0.420	0.420	0.420	0.420	0.390	0.390	0.390	0.390	0.360	0.360	0.360	0.360	0.310	0.310	0.310	0.310	0.280	0.280	0.280	Upgrade
Dividend Growth	10.29%	9.68%	9.68%	9.68%	9.68%	10.71%	10.71%	10.71%	10.71%	9.80%	9.80%	9.80%	9.80%	10.87%	10.87%	10.87%	10.87%	9.52%	9.52%	9.52%	9.52%	7.69%	7.69%	7.69%	7.69%	8.33%	8.33%	8.33%	8.33%	16.13%	16.13%	16.13%	16.13%	10.71%	10.71%	10.71%	10.71%	21.74%	21.74%	21.74%	Upgrade
Gross Margin	68.36%	71.16%	70.11%	69.49%	66.85%	69.17%	68.32%	68.37%	67.21%	69.89%	69.68%	68.72%	67.05%	70.39%	67.56%	68.66%	66.51%	68.52%	69.12%	66.73%	61.74%	65.94%	67.62%	65.44%	61.74%	66.26%	66.98%	65.28%	61.66%	64.23%	69.83%	62.39%	58.51%	64.64%	66.33%	67.04%	61.71%	64.34%	67.36%	70.70%	Upgrade
Operating Margin	43.59%	47.59%	43.17%	42.29%	38.67%	42.93%	39.59%	41.26%	43.01%	44.66%	41.37%	40.88%	41.55%	42.73%	35.25%	37.05%	37.64%	38.38%	36.79%	33.83%	31.59%	34.23%	34.50%	30.92%	30.01%	31.41%	30.00%	28.96%	30.61%	30.62%	33.94%	25.73%	25.32%	28.43%	-9.26%	30.35%	29.38%	25.19%	27.72%	34.18%	Upgrade
Profit Margin	35.26%	39.44%	35.74%	34.62%	31.14%	35.03%	32.28%	33.89%	36.28%	45.25%	35.66%	37.06%	35.90%	37.39%	29.45%	30.70%	31.56%	32.30%	39.11%	28.81%	25.93%	30.34%	29.49%	27.68%	-21.79%	26.80%	31.51%	23.63%	24.27%	25.84%	25.95%	18.29%	21.09%	24.05%	-14.40%	22.94%	22.15%	19.57%	19.72%	27.74%	Upgrade
Free Cash Flow Margin	14.70%	36.57%	35.29%	33.74%	9.29%	33.75%	34.24%	40.61%	16.65%	41.33%	35.23%	40.98%	19.37%	38.83%	36.62%	39.23%	19.33%	31.56%	35.76%	35.83%	15.99%	34.57%	24.72%	34.37%	18.29%	42.01%	34.06%	38.62%	16.67%	42.80%	21.96%	39.25%	15.10%	36.90%	22.85%	37.78%	10.77%	30.48%	36.16%	43.66%	Upgrade
Effective Tax Rate	17.55%	18.30%	18.79%	19.29%	19.24%	18.62%	18.29%	17.15%	16.66%	0.09%	15.19%	10.32%	15.67%	13.84%	16.54%	16.28%	17.29%	15.83%	-4.69%	15.99%	18.92%	13.67%	16.92%	14.08%	168.73%	17.64%	-1.39%	22.67%	21.88%	16.99%	25.68%	25.42%	14.30%	11.08%	-	23.51%	25.31%	23.00%	29.88%	18.64%	Upgrade
EBITDA	33,394	31,730	29,083	26,718	24,477	24,862	24,962	24,466	26,536	24,275	23,302	20,805	21,669	19,358	17,612	16,575	17,942	16,294	16,189	14,083	14,052	13,732	13,868	12,042	12,403	11,155	10,956	10,156	10,709	9,080	11,490	7,083	7,708	7,223	-16	8,243	9,533	7,485	8,488	8,387	Upgrade
EBITDA Margin	53.84%	56.14%	51.76%	50.55%	46.40%	49.60%	48.13%	49.57%	51.30%	53.57%	50.49%	49.88%	50.30%	52.10%	46.31%	47.33%	48.62%	49.29%	48.01%	46.07%	43.28%	47.21%	46.10%	44.90%	42.89%	45.46%	42.79%	43.75%	41.47%	41.41%	43.44%	34.50%	32.39%	35.44%	-0.07%	37.94%	36.01%	32.26%	36.30%	41.11%	Upgrade
Depreciation & Amortization	5,959	3,921	3,874	3,549	3,648	2,790	3,979	3,773	3,496	3,212	3,344	2,936	2,761	2,645	3,504	3,118	3,203	2,971	2,924	2,926	2,995	2,837	2,516	2,710	2,536	2,499	2,343	2,453	2,166	1,816	1,910	1,707	1,544	1,461	1,493	1,515	1,521	1,428	1,742	1,255	Upgrade
EBIT	27,435	27,809	25,209	23,169	20,829	22,072	20,983	20,693	23,040	21,063	19,958	17,869	18,908	16,713	14,108	13,457	14,739	13,323	13,265	11,157	11,057	10,895	11,352	9,332	9,867	8,656	8,613	7,703	8,543	7,264	9,580	5,376	6,164	5,762	-1,509	6,728	8,012	6,057	6,746	7,132	Upgrade
EBIT Margin	44.24%	49.20%	44.86%	43.83%	39.49%	44.04%	40.46%	41.92%	44.54%	46.48%	43.24%	42.85%	43.89%	44.98%	37.09%	38.43%	39.94%	40.31%	39.34%	36.50%	34.05%	37.46%	37.73%	34.80%	34.12%	35.28%	33.64%	33.19%	33.08%	33.13%	36.22%	26.18%	25.90%	28.27%	-6.80%	30.96%	30.27%	26.11%	28.85%	34.96%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).