Income Statement

The income statement answers one question: is this company making money? It shows every dollar earned and every dollar spent over a period and what is left when you are done. It starts with revenue at the top and works down through costs until you reach net income at the bottom.

Microsoft Corporation (MSFT)Fiscal year 2024 (ending June 2024) · $, in billions · simplified

Revenue$245.1bn

Cost of goods sold($74.1bn)

Gross profit$171.0bn

Selling, general & administrative($32.1bn)

Research & development($29.5bn)

Total operating expenses($61.6bn)

EBITDA$124.6bn

Depreciation & amortisation($15.2bn)

Operating income$109.4bn

Interest expense($1.0bn)

Other income($0.6bn)

Income before taxes$107.8bn

Income taxes($19.7bn)

Net income$88.1bn