Below are the financial statements of Microsoft, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Product | 64.77a | 64.7a | 72.73a |
| Service and other | 180.35a | 147.22a | 125.54a |
| Total revenue | 245.12a | 211.92a | 198.27a |
| Cost of revenue | — | — | — |
| Product | -15.27a | -17.8a | -19.06a |
| Service and other | -58.84a | -48.06a | -43.59a |
| Total cost of revenue | -74.11a | -65.86a | -62.65a |
| Gross margin | 171.01a | 146.05a | 135.62a |
| Research and development | -29.51a | -27.2a | -24.51a |
| Sales and marketing | -24.46a | -22.76a | -21.83a |
| General and administrative | -7.61a | -7.58a | -5.9a |
| Operating income | 109.43a | 88.52a | 83.38a |
| Other income (expense), net | -1.65a | 0.79a | 0.33a |
| Income before income taxes | 107.79a | 89.31a | 83.72a |
| Provision for income taxes | -19.65a | -16.95a | -10.98a |
| Net income | 88.14a | 72.36a | 72.74a |
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