MSFT Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2024-09-30), MSFT reported revenue of $65.6B, gross profit of $45.5B (69.4% gross margin), operating income of $30.6B, and net income of $24.7B (37.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MSFT was profitable; revenue grew 16.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +16.0% | +10.7% | −1.8 pp |
| Quarter over quarter | +1.3% | +11.9% | +3.6 pp |
Consensus estimate data is not available for this report.
MSFT Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $65.6B | 100% |
| Cost of Revenue | −$20.1B | 30.6% |
| Gross Profit | $45.5B | 69.4% |
| Research & Development | −$7.5B | 11.5% |
| Selling, General & Administrative | −$7.4B | 11.3% |
| Operating Income | $30.6B | 46.6% |
| Other Income, net | −$283M | 0.4% |
| Income Tax Expense | −$5.6B | 8.5% |
| Net Income | $24.7B | 37.6% |
Source: original SEC filing (filed 2024-10-30). Accession 0000950170-24-118955. Data normalized by EarningsFyi.