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Revenue → Gross profit: $193.9B
Gross profit → Operating profit: $128.5B
Productivity → Revenue: $120.8B
Intelligent cloud → Revenue: $106.3B
Operating profit → Net profit: $101.8B
Server products and cloud → Intelligent cloud: $98.4B
Revenue → Cost of revenue: $87.8B
Microsoft 365 Commercial → Productivity: $87.8B
Cost of revenue → Service costs: $74.3B
Gross profit → Operating expenses: $65.4B
Personal computing → Revenue: $54.6B
Operating expenses → R&D: $32.5B
Operating expenses → S&M: $25.7B
Gaming → Personal computing: $23.5B
Operating profit → Tax: $21.8B
LinkedIn → Productivity: $17.8B
Windows and Devices → Personal computing: $17.3B
Search and news advertising → Personal computing: $13.9B
Cost of revenue → Product costs: $13.5B
Dynamics → Productivity: $7.8B
Enterprise services → Intelligent cloud: $7.8B
Microsoft 365 Consumer → Productivity: $7.4B
Operating expenses → G&A: $7.2B
Operating profit → Other loss: $4.9B
Other → Personal computing: $0.1B
Cost of revenue
$87.8B
19% Y/Y
Dynamics
$7.8B
Enterprise services
$7.8B
G&A
$7.2B
-5% Y/Y
Gaming
$23.5B
Gross profit
$193.9B
13% Y/Y
Intelligent cloud
$106.3B
21% Y/Y
LinkedIn
$17.8B
Microsoft 365 Commercial
$87.8B
Microsoft 365 Consumer
$7.4B
Net profit
$101.8B
16% Y/Y
Operating expenses
$65.4B
6% Y/Y
Operating profit
$128.5B
17% Y/Y
Other
$0.1B
Other loss
$4.9B
198% Y/Y
Personal computing
$54.7B
8% Y/Y
Product costs
$13.5B
-12% Y/Y
Productivity
$120.8B
13% Y/Y
R&D
$32.5B
10% Y/Y
Revenue
$281.7B
15% Y/Y
S&M
$25.7B
5% Y/Y
Search and news advertising
$13.9B
Server products and cloud
$98.4B
Service costs
$74.3B
26% Y/Y
Tax
$21.8B
11% Y/Y
Windows and Devices
$17.3B
Microsoft FY25 Income Statement
created with SankeyArt.com
2023
Q2
Q3
Q4
Full Year
2024
Q1
Q2
Q3
Full Year
2025
Q1
Full Year
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