FY24 Q4 – Performance – Investor Relations – Microsoft

June 22, 2025

Cost of revenue increased $8.3 billion or 13% driven by growth in Microsoft Cloud and Gaming, offset in part by a decline in Devices. Gross margin increased $25.0 billion or 17% driven by growth across each of our segments.

FY24 Q4 – Performance – Investor Relations – Microsoft <body> <h1> Array ( [0] => dy24 q4 – performance – investor relations – microsoft [1] => cy24 q4 – performance – investor relations – microsoft [2] => vy24 q4 – performance – investor relations – microsoft [3] => gy24 q4 – performance – investor relations – microsoft [4] => ty24 q4 – performance – investor relations – microsoft [5] => ry24 q4 – performance – investor relations – microsoft [6] => ft24 q4 – performance – investor relations – microsoft [7] => fg24 q4 – performance – investor relations – microsoft [8] => fh24 q4 – performance – investor relations – microsoft [9] => fu24 q4 – performance – investor relations – microsoft [10] => f724 q4 – performance – investor relations – microsoft [11] => f624 q4 – performance – investor relations – microsoft [12] => fy14 q4 – performance – investor relations – microsoft [13] => fyq4 q4 – performance – investor relations – microsoft [14] => fyw4 q4 – performance – investor relations – microsoft [15] => fy34 q4 – performance – investor relations – microsoft [16] => fy23 q4 – performance – investor relations – microsoft [17] => fy2e q4 – performance – investor relations – microsoft [18] => fy2r q4 – performance – investor relations – microsoft [19] => fy25 q4 – performance – investor relations – microsoft [20] => fy24 14 – performance – investor relations – microsoft [21] => fy24 24 – performance – investor relations – microsoft [22] => fy24 w4 – performance – investor relations – microsoft [23] => fy24 a4 – performance – investor relations – microsoft [24] => fy24 q3 – performance – investor relations – microsoft [25] => fy24 qe – performance – investor relations – microsoft [26] => fy24 qr – performance – investor relations – microsoft [27] => fy24 q5 – performance – investor relations – microsoft [28] => fy24 q4 ᰫ performance – investor relations – microsoft [29] => fy24 q4 &#u211; performance – investor relations – microsoft [30] => fy24 q4 &#i211; performance – investor relations – microsoft [31] => fy24 q4 ⏻ performance – investor relations – microsoft [32] => fy24 q4 ᾯ performance – investor relations – microsoft [33] => fy24 q4 &#8q11; performance – investor relations – microsoft [34] => fy24 q4 &#8w11; performance – investor relations – microsoft [35] => fy24 q4 ⁷ performance – investor relations – microsoft [36] => fy24 q4 ” performance – investor relations – microsoft [37] => fy24 q4 &#82q1; performance – investor relations – microsoft [38] => fy24 q4 — performance – investor relations – microsoft [39] => fy24 q4 &#821q; performance – investor relations – microsoft [40] => fy24 q4 – oerformance – investor relations – microsoft [41] => fy24 q4 – lerformance – investor relations – microsoft [42] => fy24 q4 – -erformance – investor relations – microsoft [43] => fy24 q4 – 0erformance – investor relations – microsoft [44] => fy24 q4 – pwrformance – investor relations – microsoft [45] => fy24 q4 – psrformance – investor relations – microsoft [46] => fy24 q4 – pdrformance – investor relations – microsoft [47] => fy24 q4 – prrformance – investor relations – microsoft [48] => fy24 q4 – p4rformance – investor relations – microsoft [49] => fy24 q4 – p3rformance – investor relations – microsoft [50] => fy24 q4 – peeformance – investor relations – microsoft [51] => fy24 q4 – pedformance – investor relations – microsoft [52] => fy24 q4 – pefformance – investor relations – microsoft [53] => fy24 q4 – petformance – investor relations – microsoft [54] => fy24 q4 – pe5formance – investor relations – microsoft [55] => fy24 q4 – pe4formance – investor relations – microsoft [56] => fy24 q4 – perdormance – investor relations – microsoft [57] => fy24 q4 – percormance – investor relations – microsoft [58] => fy24 q4 – pervormance – investor relations – microsoft [59] => fy24 q4 – pergormance – investor relations – microsoft [60] => fy24 q4 – pertormance – investor relations – microsoft [61] => fy24 q4 – perrormance – investor relations – microsoft [62] => fy24 q4 – perfirmance – investor relations – microsoft [63] => fy24 q4 – perfkrmance – investor relations – microsoft [64] => fy24 q4 – perflrmance – investor relations – microsoft [65] => fy24 q4 – perfprmance – investor relations – microsoft [66] => fy24 q4 – perf0rmance – investor relations – microsoft [67] => fy24 q4 – perf9rmance – investor relations – microsoft [68] => fy24 q4 – perfoemance – investor relations – microsoft [69] => fy24 q4 – perfodmance – investor relations – microsoft [70] => fy24 q4 – perfofmance – investor relations – microsoft [71] => fy24 q4 – perfotmance – investor relations – microsoft [72] => fy24 q4 – perfo5mance – investor relations – microsoft [73] => fy24 q4 – perfo4mance – investor relations – microsoft [74] => fy24 q4 – perfornance – investor relations – microsoft [75] => fy24 q4 – perforkance – investor relations – microsoft [76] => fy24 q4 – perforjance – investor relations – microsoft [77] => fy24 q4 – performznce – investor 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investor relations – microsoft [94] => fy24 q4 – performanc3 – investor relations – microsoft [95] => fy24 q4 – performance ᰫ investor relations – microsoft [96] => fy24 q4 – performance &#u211; investor relations – microsoft [97] => fy24 q4 – performance &#i211; investor relations – microsoft [98] => fy24 q4 – performance ⏻ investor relations – microsoft [99] => fy24 q4 – performance ᾯ investor relations – microsoft [100] => fy24 q4 – performance &#8q11; investor relations – microsoft [101] => fy24 q4 – performance &#8w11; investor relations – microsoft [102] => fy24 q4 – performance ⁷ investor relations – microsoft [103] => fy24 q4 – performance ” investor relations – microsoft [104] => fy24 q4 – performance &#82q1; investor relations – microsoft [105] => fy24 q4 – performance — investor relations – microsoft [106] => fy24 q4 – performance &#821q; investor relations – microsoft [107] => fy24 q4 – performance – unvestor relations – microsoft [108] => fy24 q4 – performance – jnvestor relations – microsoft [109] => fy24 q4 – performance – knvestor relations – microsoft [110] => fy24 q4 – performance – onvestor relations – microsoft [111] => fy24 q4 – performance – 9nvestor relations – microsoft [112] => fy24 q4 – performance – 8nvestor relations – microsoft [113] => fy24 q4 – performance – ibvestor relations – microsoft [114] => fy24 q4 – performance – imvestor relations – microsoft [115] => fy24 q4 – performance – ijvestor relations – microsoft [116] => fy24 q4 – performance – ihvestor relations – microsoft [117] => fy24 q4 – performance – incestor relations – microsoft [118] => fy24 q4 – performance – inbestor relations – microsoft [119] => fy24 q4 – performance – ingestor relations – microsoft [120] => fy24 q4 – performance – infestor relations – microsoft [121] => fy24 q4 – performance – invwstor relations – microsoft [122] => fy24 q4 – performance – invsstor relations – microsoft [123] => fy24 q4 – performance – invdstor relations – microsoft [124] => fy24 q4 – performance – invrstor relations – microsoft [125] => fy24 q4 – performance – inv4stor relations – microsoft [126] => fy24 q4 – performance – inv3stor relations – microsoft [127] => fy24 q4 – performance – inveator relations – microsoft [128] => fy24 q4 – performance – inveztor relations – microsoft [129] => fy24 q4 – performance – invextor relations – microsoft [130] => fy24 q4 – performance – invedtor relations – microsoft [131] => fy24 q4 – performance – inveetor relations – microsoft [132] => fy24 q4 – performance – invewtor relations – microsoft [133] => fy24 q4 – performance – invesror relations – microsoft [134] => fy24 q4 – performance – invesfor relations – microsoft [135] => fy24 q4 – performance – invesgor relations – microsoft [136] => fy24 q4 – performance – invesyor relations – microsoft [137] => fy24 q4 – performance – inves6or relations – microsoft [138] => fy24 q4 – performance – inves5or relations – microsoft [139] => fy24 q4 – performance – investir relations – microsoft [140] => fy24 q4 – performance – investkr relations – microsoft [141] => fy24 q4 – performance – investlr relations – microsoft [142] => fy24 q4 – performance – investpr relations – microsoft [143] => fy24 q4 – performance – invest0r relations – microsoft [144] => fy24 q4 – performance – invest9r relations – microsoft [145] => fy24 q4 – performance – investoe relations – microsoft [146] => fy24 q4 – performance – investod relations – microsoft [147] => fy24 q4 – performance – investof relations – microsoft [148] => fy24 q4 – performance – investot relations – microsoft [149] => fy24 q4 – performance – investo5 relations – microsoft [150] => fy24 q4 – performance – investo4 relations – microsoft [151] => fy24 q4 – performance – investor eelations – microsoft [152] => fy24 q4 – performance – investor delations – microsoft [153] => fy24 q4 – performance – investor felations – microsoft [154] => fy24 q4 – performance – investor telations – microsoft [155] => fy24 q4 – performance – investor 5elations – microsoft [156] => fy24 q4 – performance – investor 4elations – microsoft [157] => fy24 q4 – performance – investor rwlations – microsoft [158] => fy24 q4 – performance – investor rslations – microsoft [159] => fy24 q4 – performance – investor rdlations – microsoft [160] => fy24 q4 – performance – investor rrlations – microsoft [161] => fy24 q4 – performance – investor r4lations – microsoft [162] => fy24 q4 – performance – investor r3lations – microsoft [163] => fy24 q4 – performance – investor rekations – microsoft [164] => fy24 q4 – performance – investor repations – microsoft [165] => fy24 q4 – performance – investor reoations – microsoft [166] => fy24 q4 – performance – investor relztions – microsoft [167] => fy24 q4 – performance – investor relstions – microsoft [168] => fy24 q4 – performance – investor relwtions – microsoft [169] => fy24 q4 – performance – investor relqtions – microsoft [170] => fy24 q4 – performance – investor relarions – microsoft [171] => fy24 q4 – performance – investor relafions – microsoft [172] => fy24 q4 – performance – investor relagions – microsoft [173] => fy24 q4 – performance – investor relayions – microsoft [174] => fy24 q4 – performance – investor rela6ions – microsoft [175] => fy24 q4 – performance – investor rela5ions – microsoft [176] => fy24 q4 – performance – investor relatuons – microsoft [177] => fy24 q4 – performance – investor relatjons – microsoft [178] => fy24 q4 – performance – investor relatkons – microsoft [179] => fy24 q4 – performance – investor relatoons – microsoft [180] => fy24 q4 – performance – investor relat9ons – microsoft [181] => fy24 q4 – performance – investor relat8ons – microsoft [182] => fy24 q4 – performance – investor relatiins – microsoft [183] => fy24 q4 – performance – investor relatikns – microsoft [184] => fy24 q4 – performance – investor relatilns – microsoft [185] => fy24 q4 – performance – investor relatipns – microsoft [186] => fy24 q4 – performance – investor relati0ns – microsoft [187] => fy24 q4 – performance – investor relati9ns – microsoft [188] => fy24 q4 – performance – investor relatiobs – microsoft [189] => fy24 q4 – performance – investor relatioms – microsoft [190] => fy24 q4 – performance – investor relatiojs – microsoft [191] => fy24 q4 – performance – investor relatiohs – microsoft [192] => fy24 q4 – performance – investor relationa – microsoft [193] => fy24 q4 – performance – investor relationz – microsoft [194] => fy24 q4 – performance – investor relationx – microsoft [195] => fy24 q4 – performance – investor relationd – microsoft [196] => fy24 q4 – performance – investor relatione – microsoft [197] => fy24 q4 – performance – investor relationw – microsoft [198] => fy24 q4 – performance – investor relations ᰫ microsoft [199] => fy24 q4 – performance – investor relations &#u211; microsoft [200] => fy24 q4 – performance – investor relations &#i211; microsoft [201] => fy24 q4 – performance – investor relations ⏻ microsoft [202] => fy24 q4 – performance – investor relations ᾯ microsoft [203] => fy24 q4 – performance – investor relations &#8q11; microsoft [204] => fy24 q4 – performance – investor relations &#8w11; microsoft [205] => fy24 q4 – performance – investor relations ⁷ microsoft [206] => fy24 q4 – performance – investor relations ” microsoft [207] => fy24 q4 – performance – investor relations &#82q1; microsoft [208] => fy24 q4 – performance – investor relations — microsoft [209] => fy24 q4 – performance – investor relations &#821q; microsoft [210] => fy24 q4 – performance – investor relations – nicrosoft [211] => fy24 q4 – performance – investor relations – kicrosoft [212] => fy24 q4 – performance – investor relations – jicrosoft [213] => fy24 q4 – performance – investor relations – mucrosoft [214] => fy24 q4 – performance – investor relations – mjcrosoft [215] => fy24 q4 – performance – investor relations – mkcrosoft [216] => fy24 q4 – performance – investor relations – mocrosoft [217] => fy24 q4 – performance – investor relations – m9crosoft [218] => fy24 q4 – performance – investor relations – m8crosoft [219] => fy24 q4 – performance – investor relations – mixrosoft [220] => fy24 q4 – performance – investor relations – mivrosoft [221] => fy24 q4 – performance – investor relations – mifrosoft [222] => fy24 q4 – performance – investor relations – midrosoft [223] => fy24 q4 – performance – investor relations – miceosoft [224] => fy24 q4 – performance – investor relations – micdosoft [225] => fy24 q4 – performance – investor relations – micfosoft [226] => fy24 q4 – performance – investor relations – mictosoft [227] => fy24 q4 – performance – investor relations – mic5osoft [228] => fy24 q4 – performance – investor relations – mic4osoft [229] => fy24 q4 – performance – investor relations – micrisoft [230] => fy24 q4 – performance – investor relations – micrksoft [231] => fy24 q4 – performance – investor relations – micrlsoft [232] => fy24 q4 – performance – investor relations – micrpsoft [233] => fy24 q4 – performance – investor relations – micr0soft [234] => fy24 q4 – performance – investor relations – micr9soft [235] => fy24 q4 – performance – investor relations – microaoft [236] => fy24 q4 – performance – investor relations – microzoft [237] => fy24 q4 – performance – investor relations – microxoft [238] => fy24 q4 – performance – investor relations – microdoft [239] => fy24 q4 – performance – investor relations – microeoft [240] => fy24 q4 – performance – investor relations – microwoft [241] => fy24 q4 – performance – investor relations – microsift [242] => fy24 q4 – performance – investor relations – microskft [243] => fy24 q4 – performance – investor relations – microslft [244] => fy24 q4 – performance – investor relations – microspft [245] => fy24 q4 – performance – investor relations – micros0ft [246] => fy24 q4 – performance – investor relations – micros9ft [247] => fy24 q4 – performance – investor relations – microsodt [248] => fy24 q4 – performance – investor relations – microsoct [249] => fy24 q4 – performance – investor relations – microsovt [250] => fy24 q4 – performance – investor relations – microsogt [251] => fy24 q4 – performance – investor relations – microsott [252] => fy24 q4 – performance – investor relations – microsort [253] => fy24 q4 – performance – investor relations – microsofr [254] => fy24 q4 – performance – investor relations – microsoff [255] => fy24 q4 – performance – investor relations – microsofg [256] => fy24 q4 – performance – investor relations – microsofy [257] => fy24 q4 – performance – investor relations – microsof6 [258] => fy24 q4 – performance – investor relations – microsof5 ) </h1> </body>