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Revenue → Gross profit: $45.5B
Gross profit → Operating profit: $30.6B
Productivity & business → Revenue: $28.3B
Operating profit → Net profit: $24.7B
Intelligent Cloud → Revenue: $24.1B
Revenue → Cost of revenue: $20.1B
Cost of revenue → Service costs: $16.8B
Gross profit → Operating expenses: $14.9B
Personal Computing → Revenue: $13.2B
Operating expenses → R&D: $7.5B
Operating expenses → S&M: $5.7B
Operating profit → Tax: $5.6B
Cost of revenue → Product costs: $3.3B
Operating expenses → G&A: $1.7B
Operating profit → Other expense: $0.3B
Cost of revenue
$20.1B
23% Y/Y
G&A
$1.7B
14% Y/Y
Gross profit
$45.5B
13% Y/Y
Intelligent Cloud
$24.1B
20% Y/Y
Net profit
$24.7B
13% Y/Y
Operating expenses
$14.9B
12% Y/Y
Operating profit
$30.6B
14% Y/Y
Other expense
$0.3B
Personal Computing
$13.2B
17% Y/Y
Product costs
$3.3B
-7% Y/Y
Productivity & business
$28.3B
12% Y/Y
R&D
$7.5B
13% Y/Y
Revenue
$65.6B
16% Y/Y
S&M
$5.7B
10% Y/Y
Service costs
$16.8B
32% Y/Y
Tax
$5.6B
12% Y/Y
Microsoft Q1 FY25 Income Statement
created with SankeyArt.com
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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