| 指标 | Q3 FY2025 | Q2 FY2025 | Q/Q | Q3 FY2024 | Y/Y |
|---|---|---|---|---|---|
| 营收 Revenue | $70,066M | $69,632M | +1% | $61,858M | +13% |
| 毛利率 Gross Margin (GAAP) | 68.7% | 68.7% | +0.0 ppt | 70.1% | -1.4 ppt |
| 毛利率 Gross Margin (Non-GAAP) | N/A | — | — | — | — |
| 研发费用 R&D | $8,198M | $7,917M | +4% | $7,653M | +7% |
| 销售及管理 SG&A | $7,949M | $8,263M | -4% | $8,119M | -2% |
| 折旧摊销 D&A | $8,740M | $6,827M | +28% | $6,027M | +45% |
| 股权激励 SBC | $2,980M | $3,089M | -4% | $2,703M | +10% |
| 营业利润 Operating Income (GAAP) | $32,000M | $31,653M | +1% | $27,581M | +16% |
| 利息费用 Interest Expense | N/A | $594M | — | $800M | — |
| 净利润 Net Income (GAAP) | $25,824M | $24,108M | +7% | $21,939M | +18% |
| 净利润 Net Income (Non-GAAP) | N/A | — | — | — | — |
| 指标 | Q3 FY2025 | Q2 FY2025 | Q/Q | Q3 FY2024 | Y/Y |
|---|---|---|---|---|---|
| 每股收益 EPS (GAAP) | $3.46 | $3.23 | +7% | $2.94 | +18% |
| 每股收益 EPS (Non-GAAP) | N/A | — | — | — | — |
| 稀释股数 Diluted Shares | 7,461M | 7,468M | -0% | 7,472M | -0% |
| 实际税率 Effective Tax Rate | 17.7% | 18.0% | -0.3 ppt | 18.0% | -0.3 ppt |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| Productivity and Business Processes | $29,944M | 42.7% | — | — |
| Intelligent Cloud | $26,751M | 38.2% | — | — |
| More Personal Computing | $13,371M | 19.1% | — | — |
本季度数据
| 指标 | Q3 FY2025 | Q2 FY2025 | 变化 |
|---|---|---|---|
| 暂无动态指标配置 | |||
"云和 AI 是每个企业扩大产出、降低成本和加速增长的关键要素。从 AI 基础设施和平台到应用，我们正在全技术栈创新，为客户创造价值。" — Satya Nadella, Microsoft Corp.
暂无数据
| 指标 | 数值 | 备注 |
|---|---|---|
| Azure 及其他云服务收入增长率 | +33% YoY | Azure and other cloud services revenue growth of 33% (up 35% in constant currency)，核心云基础设施增速。 |
| Microsoft 365 Commercial 云收入增长率 | +12% YoY | Microsoft 365 Commercial cloud revenue growth of 12% (up 15% in constant currency)。 |
| Dynamics 365 收入增长率 | +16% YoY | Dynamics 365 revenue growth of 16% (up 18% in constant currency)。 |
| LinkedIn 收入增长率 | +7% YoY | LinkedIn revenue increased 7% (up 8% in constant currency)。 |
| Xbox 内容和服务收入增长率 | +8% YoY | Xbox content and services revenue increased 8% (up 9% in constant currency)。 |
| 搜索和新闻广告收入增长率（不含TAC） | +21% YoY | Search and news advertising revenue excluding traffic acquisition costs increased 21% (up 23% in constant currency)。 |
| 股东回报总额 | $9.7B | Q3 FY2025 通过股票回购和分红共向股东返还 $9.7B。其中回购 $4,781M，分红 $6,169M。 |
| 资本开支 | $16.7B | Additions to property and equipment 达 $16,745M，同比增长 52.9%（去年同期 $10,952M），反映 AI 基础设施投资持续加速。 |