Microsoft Corp. Q4 FY2024 results: revenue $64.7 billion, up 15.2% on the year

Microsoft Corp. (MSFT) reported revenue of $64.7 billion for Q4 FY2024, the quarter ended 30 June 2024, up 15.2% on the same quarter a year earlier. Net income was $22.0 billion, up 9.7% on the year, and diluted earnings per share $2.94. The figures are the company's own, from the 10-K it filed with the SEC on 30 July 2024.

Revenue$64.7 billionup 15.2%

Net income$22.0 billionup 9.7%

Diluted EPS$2.94

QuarterQ4 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Revenue	64,727	61,858	n/a	n/a
Cost of revenue	19,684	18,505	n/a	n/a
Gross profit	45,043	43,353	n/a	n/a
Gross margin	69.6%	70.1%	n/a
Research and development	8,056	7,653	n/a	n/a
Operating income	27,925	27,581	n/a	n/a
Operating margin	43.1%	44.6%	n/a
Interest expense	701	800	n/a	n/a
Pre-tax income	27,250	26,727	n/a	n/a
Income tax	5,214	4,788	n/a	n/a
Effective tax rate	19.1%	17.9%	n/a
Net income	22,036	21,939	n/a	n/a
Net margin	34.0%	35.5%	n/a
Diluted EPS	$2.94	$2.94	n/a	n/a

$ million except per share. Fourth quarters are the year less the first three quarters. Free 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 and capital returned

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Operating cash flow	37,195	31,917	n/a	n/a
Capital expenditure	13,873	10,952	n/a	n/a
Free cash flow	23,322	20,965	n/a	n/a
Free cash flow margin	36.0%	33.9%	n/a
Share-based compensation	2,696	2,703	n/a	n/a
Buybacks	4,210	4,213	n/a	n/a
Dividends paid	5,574	5,572	n/a	n/a
Dividend per share	$0.75	$0.75	n/a	n/a
Diluted shares, weighted	7,469m	7,472m	n/a	n/a
Shares outstanding at period end	7,434m	7,433m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2024	Q3 FY2024	A year earlier	Change on the year
Total assets	512,163	484,275	n/a	n/a
Cash and equivalents	18,315	19,634	n/a	n/a
Receivables	56,924	44,029	n/a	n/a
Inventory	1,246	1,304	n/a	n/a
Goodwill	119,220	119,163	n/a	n/a
Long-term debt	44,937	44,907	n/a	n/a
Borrowings, as the company tags them	51,221	51,241	n/a	n/a
Operating lease liabilities	15,497	14,469	n/a	n/a
Shareholders' equity	268,477	253,152	n/a	n/a

Quarterly results, the last 12 quarters

	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	56,517	62,020	61,858	64,727	65,585	69,632	70,066	76,441	77,673	81,273	82,886	90,007
Cost of revenue	16,302	19,623	18,505	19,684	20,099	21,799	21,919	24,014	24,043	25,978	26,828	29,525
Gross profit	40,215	42,397	43,353	45,043	45,486	47,833	48,147	52,427	53,630	55,295	56,058	60,482
Gross margin	71%	68%	70%	70%	69%	69%	69%	69%	69%	68%	68%	67%
R&D	6,659	7,142	7,653	8,056	7,544	7,917	8,198	8,829	8,146	8,504	8,915	9,997
Operating income	26,895	27,032	27,581	27,925	30,552	31,653	32,000	34,323	37,961	38,275	38,398	40,603
Operating margin	48%	44%	45%	43%	47%	45%	46%	45%	49%	47%	46%	45%
Interest expense	525	909	800	701	582	594	594	615	698	736	778	839
Pre-tax income	27,284	26,526	26,727	27,250	30,269	29,365	31,377	32,616	34,301	48,246	39,340	44,047
Tax rate	18%	18%	18%	19%	19%	18%	18%	17%	19%	20%	19%	19%
Net income	22,291	21,870	21,939	22,036	24,667	24,108	25,824	27,233	27,747	38,458	31,778	35,766
Net margin	39%	35%	35%	34%	38%	35%	37%	36%	36%	47%	38%	40%
Diluted EPS	$2.99	$2.93	$2.94	$2.94	$3.30	$3.23	$3.46	$3.65	$3.72	$5.16	$4.27	$4.80
Operating cash flow	30,583	18,853	31,917	37,195	34,180	22,291	37,044	42,647	45,057	35,758	46,679	55,441
Capital expenditure	9,917	9,735	10,952	13,873	14,923	15,804	16,745	17,079	19,394	29,876	30,876	35,802
Free cash flow	20,666	9,118	20,965	23,322	19,257	6,487	20,299	25,568	25,663	5,882	15,803	19,639
Buybacks	4,831	4,000	4,213	4,210	4,107	4,986	4,781	4,546	5,650	7,415	4,627	4,579
Dividends paid	5,051	5,574	5,572	5,574	5,574	6,170	6,169	6,169	6,169	6,762	6,756	6,758
Shares outstanding	7,431m	7,432m	7,433m	7,434m	7,436m	7,435m	7,434m	7,434m	7,434m	7,429m	7,429m	7,427m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 30 June 2024, filed 30 July 2024, accession 0000950170-24-087843: the filing on EDGAR. All of Microsoft Corp.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install