Microsoft (MSFT) FY2023 results: revenue $211.9 billion, up 6.9% on the year
Microsoft Corp. (MSFT) reported revenue of $211.9 billion for fiscal 2023, the year ended 30 June 2023, up 6.9% on the year before. Net income was $72.4 billion, down 0.5%, and diluted earnings per share $9.68. The figures are the company's own, from the 10-K it filed with the SEC on 27 July 2023.
Revenue
$211.9 billion
+6.9% on the year
FY2016FY2023
Operating margin
41.8%
42.1% a year earlier
FY2016FY2023
Net income
$72.4 billion
-0.5% on the year
FY2016FY2023
Diluted EPS
$9.68
+0.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
87,582
89,035
76,740
-1.6%
Capital expenditure
28,107
23,886
20,622
+17.7%
Free cash flow
59,475
65,149
56,118
-8.7%
Free cash flow margin
28.1%
32.9%
33.4%
Cash from investing
-22,680
-30,311
-27,577
Cash from financing
-43,935
-58,876
-48,486
Depreciation and amortisation
13,500
14,600
10,900
-7.5%
Share-based compensation
9,611
7,502
6,118
+28.1%
Buybacks
22,245
32,696
27,385
-32.0%
Dividends paid
19,800
18,135
16,521
+9.2%
Dividend per share
$2.72
$2.48
$2.24
+9.7%
Diluted shares, weighted
7,472m
7,540m
7,608m
-0.9%
Shares outstanding at period end
7,432m
7,464m
7,519m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
206,223
166,542
141,988
+23.8%
Debt
47,237
49,781
58,146
-5.1%
Operating lease liabilities
12,728
11,489
9,629
+10.8%
Other liabilities
145,788
137,028
124,016
+6.4%
Total liabilities and equity
411,976
364,840
333,779
+12.9%
Fixed assets
95,641
74,398
59,715
+28.6%
Goodwill
67,886
67,524
49,711
+0.5%
Intangible assets
9,366
11,298
7,800
-17.1%
Investments
86,437
97,717
122,094
-11.5%
Cash and equivalents
34,704
13,931
14,224
+149.1%
Receivables
48,688
44,261
38,043
+10.0%
Inventory
2,500
3,742
2,636
-33.2%
Other assets
66,754
51,969
39,556
+28.4%
Total assets
411,976
364,840
333,779
+12.9%
10-K for the year ended 30 June 2023, filed 27 July 2023: the filing.