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Revenue → Gross profit: $39.4B
Gross profit → Operating profit: $24.3B
Intelligent Cloud → Revenue: $24.0B
Operating profit → Net profit: $19.6B
Productivity → Revenue: $18.3B
Revenue → Cost of revenue: $16.8B
Gross profit → Operating expenses: $15.1B
Personal Computing → Revenue: $13.9B
Cost of revenue → Service costs: $12.9B
Operating expenses → R&D: $6.7B
Operating expenses → S&M: $6.2B
Operating profit → Tax: $4.6B
Cost of revenue → Product costs: $3.9B
Operating expenses → G&A: $2.2B
Other income → Net profit: $0.5B
Productivity: $18.3B
Revenue: $56.2B
Intelligent Cloud: $24.0B
Personal Computing: $13.9B
Gross profit: $39.4B
Cost of revenue: $16.8B
Operating profit: $24.3B
Operating expenses: $15.1B
Product costs: $3.9B
Service costs: $12.9B
Net profit: $20.1B
Tax: $4.6B
Other income: $0.5B
R&D: $6.7B
S&M: $6.2B
G&A: $2.2B
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Productivity
$18.3B
10% Y/Y
Revenue
$56.2B
8% Y/Y
Intelligent Cloud
$24.0B
15% Y/Y
Personal Computing
$13.9B
-4% Y/Y
Gross profit
$39.4B
11% Y/Y
Cost of revenue
$16.8B
2% Y/Y
Operating profit
$24.3B
18% Y/Y
Operating expenses
$15.1B
2% Y/Y
Product costs
$3.9B
-11% Y/Y
Service costs
$12.9B
7% Y/Y
Net profit
$20.1B
20% Y/Y
Tax
$4.6B
24% Y/Y
Other income
$0.5B
R&D
$6.7B
-2% Y/Y
S&M
$6.2B
-2% Y/Y
G&A
$2.2B
26% Y/Y
Microsoft Q4 FY23 Income Statement
2020
Full Year
2021
Full Year
2022
Full Year
2023
Q2
Q3
Q4
Full Year
2024
Q1
Q2
Q3
Full Year
2025
Q1
Full Year
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