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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
2023
Q2
Q3
Q4
Full Year
2024
Q1
Q2
Q3
Full Year
2025
Q1
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