Stock Analysis on Net
Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

Common-Size Income Statement
Quarterly Data

Microsoft Corp., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Product 23.29 23.29 20.42 27.61 30.54 27.49 29.99 29.49 31.31 31.41 34.62 35.18 40.17 36.70 41.03 40.46 45.18 42.53 47.71 45.32 49.46 47.70 50.73 50.53 49.95 59.48
Service and other 76.71 76.71 79.58 72.39 69.46 72.51 70.01 70.51 68.69 68.59 65.38 64.82 59.83 63.30 58.97 59.54 54.82 57.47 52.29 54.68 50.54 52.30 49.27 49.47 50.05 40.52
Revenue 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Product -5.54 -5.02 -2.22 -7.01 -9.62 -6.25 -6.89 -7.46 -10.79 -8.58 -8.40 -9.29 -12.24 -8.37 -9.29 -10.26 -14.06 -9.68 -11.49 -9.64 -13.46 -10.00 -9.78 -11.26 -18.12 -12.55
Service and other -25.77 -25.62 -28.19 -22.90 -22.02 -22.60 -23.00 -23.06 -22.37 -22.25 -23.28 -22.35 -20.55 -21.74 -21.03 -21.02 -18.89 -19.93 -20.95 -21.70 -20.03 -21.48 -21.10 -22.01 -20.13 -21.51
Cost of revenue -31.31% -30.65% -30.41% -29.92% -31.64% -28.84% -29.89% -30.51% -33.15% -30.83% -31.68% -31.63% -32.79% -30.11% -30.32% -31.28% -32.95% -29.61% -32.44% -31.34% -33.49% -31.48% -30.88% -33.27% -38.26% -34.06%
Gross margin 68.69% 69.35% 69.59% 70.08% 68.36% 71.16% 70.11% 69.49% 66.85% 69.17% 68.32% 68.37% 67.21% 69.89% 69.68% 68.72% 67.05% 70.39% 67.56% 68.66% 66.51% 68.52% 69.12% 66.73% 61.74% 65.94%
Research and development -11.37 -11.50 -12.45 -12.37 -11.52 -11.78 -11.99 -13.21 -12.98 -13.22 -13.21 -12.78 -11.13 -12.36 -12.32 -12.48 -11.37 -13.26 -13.71 -13.95 -12.47 -13.81 -13.38 -14.12 -12.53 -13.67
Sales and marketing -9.25 -8.72 -10.53 -10.03 -10.07 -9.18 -11.04 -10.88 -10.77 -10.23 -12.15 -11.34 -10.40 -10.03 -12.69 -12.19 -11.48 -11.39 -14.24 -14.02 -13.37 -13.12 -14.72 -14.93 -14.13 -14.09
General and administrative -2.62 -2.55 -3.47 -3.09 -3.19 -2.61 -3.91 -3.11 -4.43 -2.79 -3.37 -3.00 -2.68 -2.84 -3.30 -3.18 -2.64 -3.01 -4.35 -3.63 -3.04 -3.21 -4.23 -3.86 -3.49 -3.95
Operating income 45.46% 46.58% 43.14% 44.59% 43.59% 47.59% 43.17% 42.29% 38.67% 42.93% 39.59% 41.26% 43.01% 44.66% 41.37% 40.88% 41.55% 42.73% 35.25% 37.05% 37.64% 38.38% 36.79% 33.83% 31.59% 34.23%
Other income (expense), net -3.29 -0.43 -1.04 -1.38 -0.82 0.69 0.84 0.61 -0.11 0.11 -0.09 -0.35 0.52 0.63 0.67 0.45 1.02 0.67 0.04 -0.38 0.53 0.00 0.57 0.47 0.39 0.91
Income before income taxes 42.17% 46.15% 42.10% 43.21% 42.77% 48.28% 44.01% 42.89% 38.56% 43.04% 39.50% 40.90% 43.53% 45.29% 42.05% 41.33% 42.57% 43.40% 35.29% 36.67% 38.16% 38.38% 37.36% 34.30% 31.98% 35.14%
Provision for income taxes -7.55 -8.54 -8.06 -7.74 -7.51 -8.83 -8.27 -8.28 -7.42 -8.01 -7.22 -7.01 -7.25 -0.04 -6.39 -4.27 -6.67 -6.00 -5.84 -5.97 -6.60 -6.07 1.75 -5.49 -6.05 -4.80
Net income 34.62% 37.61% 34.04% 35.47% 35.26% 39.44% 35.74% 34.62% 31.14% 35.03% 32.28% 33.89% 36.28% 45.25% 35.66% 37.06% 35.90% 37.39% 29.45% 30.70% 31.56% 32.30% 39.11% 28.81% 25.93% 30.34%

Based on: 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Microsoft Corp. operating income as a percentage of revenue increased from Q4 2024 to Q1 2025 but then slightly decreased from Q1 2025 to Q2 2025.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Microsoft Corp. income before income taxes as a percentage of revenue increased from Q4 2024 to Q1 2025 but then slightly decreased from Q1 2025 to Q2 2025 not reaching Q4 2024 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Microsoft Corp. net income as a percentage of revenue increased from Q4 2024 to Q1 2025 but then slightly decreased from Q1 2025 to Q2 2025 not reaching Q4 2024 level.