MSFT Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2023-12-31), MSFT reported revenue of $62.0B, gross profit of $42.4B (68.4% gross margin), operating income of $27.0B, and net income of $21.9B (35.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MSFT was profitable; revenue grew 9.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +9.7% | −1.9% | −4.2 pp |
Consensus estimate data is not available for this report.
MSFT Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $62.0B | 100% |
| Cost of Revenue | −$19.6B | 31.6% |
| Gross Profit | $42.4B | 68.4% |
| Research & Development | −$7.1B | 11.5% |
| Selling, General & Administrative | −$8.2B | 13.3% |
| Operating Income | $27.0B | 43.6% |
| Other Income, net | −$506M | 0.8% |
| Income Tax Expense | −$4.7B | 7.5% |
| Net Income | $21.9B | 35.3% |
Source: original SEC filing (filed 2024-01-30). Accession 0000950170-24-008809. Data normalized by EarningsFyi.