Name: Microsoft Corp. (NASDAQ:MSFT) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

Microsoft Corp., income statement, revenues

US$ in millions

12 months ended:	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Server products and cloud services	97,726)	79,970)	67,350)	52,589)	41,379)	32,622)
Office products and cloud services	54,875)	48,728)	44,862)	39,872)	35,316)	31,769)
Windows	23,244)	21,507)	24,732)	22,488)	22,294)	20,395)
Gaming	21,503)	15,466)	16,230)	15,370)	11,575)	11,386)
LinkedIn	16,372)	15,145)	13,816)	10,289)	8,077)	6,754)
Search and news advertising	12,576)	12,208)	11,591)	9,267)	7,740)	7,628)
Enterprise and partner services	7,594)	7,722)	7,407)	6,943)	6,409)	6,124)
Dynamics products and cloud services	6,481)	5,437)	4,687)	3,754)	—)	—)
Devices	4,706)	5,521)	7,306)	7,143)	6,457)	6,095)
Other	45)	211)	289)	373)	3,768)	3,070)
Revenue	245,122)	211,915)	198,270)	168,088)	143,015)	125,843)

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

Overall Revenue Trend: The total revenue demonstrated a consistent upward trajectory from 2019 to 2024, increasing from approximately US$125.8 billion in 2019 to US$245.1 billion in 2024. This indicates a strong growth rate over the period, nearly doubling within five years.
Server Products and Cloud Services: This segment exhibited robust growth, rising from about US$32.6 billion in 2019 to nearly US$97.7 billion in 2024. The steady and significant annual increases suggest a strong market demand and successful expansion in cloud and server-related offerings.
Office Products and Cloud Services: Revenue in this segment also showed positive growth, climbing from approximately US$31.8 billion in 2019 to US$54.9 billion in 2024. The increases were consistent each year, reflecting sustained demand for office productivity solutions and cloud services.
Windows: The Windows segment showed more variable performance. Revenues grew modestly from US$20.4 billion in 2019 to a peak of US$24.7 billion in 2022, followed by a decline to US$21.5 billion in 2023, then a moderate recovery to US$23.2 billion in 2024. This suggests some market challenges or shifts impacting this category.
Gaming: Gaming revenues increased overall, starting from US$11.4 billion in 2019 and rising to US$21.5 billion in 2024. Notably, there was a substantial jump between 2023 and 2024, indicating heightened consumer engagement or successful new product launches.
LinkedIn: LinkedIn's revenue showed steady growth each year, expanding from about US$6.8 billion in 2019 to US$16.4 billion in 2024. The continuous increase reflects growing monetization and user base expansion.
Search and News Advertising: This segment experienced moderate growth from US$7.6 billion in 2019 to US$12.6 billion in 2024, with steady annual increases, indicating stable performance in advertising revenue streams.
Enterprise and Partner Services: Revenue in this segment grew gradually from approximately US$6.1 billion in 2019 to a peak of US$7.7 billion in 2023, followed by a slight decrease to US$7.6 billion in 2024. This suggests relative stability with minor fluctuations.
Dynamics Products and Cloud Services: Data begins in 2021, showing growth from US$3.8 billion to US$6.5 billion in 2024. This reflects a positive trend, indicating increasing adoption and expansion within this product line.
Devices: The Devices segment showed early growth from US$6.1 billion in 2019 to US$7.3 billion in 2022, but then experienced declines towards US$4.7 billion by 2024. This decline could be indicative of shifting consumer preferences or increased competition in hardware offerings.
Other: The 'Other' category declined sharply from US$3.1 billion in 2019 to negligible levels by 2024, potentially reflecting the divestment or discontinuation of smaller business units or non-core activities.

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