MSFT Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2023-09-30), MSFT reported revenue of $56.5B, gross profit of $40.2B (71.2% gross margin), operating income of $26.9B, and net income of $22.3B (39.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MSFT was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
MSFT Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $56.5B | 100% |
| Cost of Revenue | −$16.3B | 28.8% |
| Gross Profit | $40.2B | 71.2% |
| Research & Development | −$6.7B | 11.8% |
| Selling, General & Administrative | −$6.7B | 11.8% |
| Operating Income | $26.9B | 47.6% |
| Other Income, net | $389M | 0.7% |
| Income Tax Expense | −$5.0B | 8.8% |
| Net Income | $22.3B | 39.4% |
Source: original SEC filing (filed 2023-10-24). Accession 0000950170-23-054848. Data normalized by EarningsFyi.