MSFT Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-03-31), MSFT reported revenue of $61.9B, gross profit of $43.4B (70.1% gross margin), operating income of $27.6B, and net income of $21.9B (35.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MSFT was profitable; revenue fell 0.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −0.3% | +0.3% | +0.2 pp |
Consensus estimate data is not available for this report.
MSFT Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $61.9B | 100% |
| Cost of Revenue | −$18.5B | 29.9% |
| Gross Profit | $43.4B | 70.1% |
| Research & Development | −$7.7B | 12.4% |
| Selling, General & Administrative | −$8.1B | 13.1% |
| Operating Income | $27.6B | 44.6% |
| Other Income, net | −$854M | 1.4% |
| Income Tax Expense | −$4.8B | 7.7% |
| Net Income | $21.9B | 35.5% |
Source: original SEC filing (filed 2024-04-25). Accession 0000950170-24-048268. Data normalized by EarningsFyi.