10-K 年报仅提供 GAAP 数据 ·
| 指标 | FY2024 | FY2023 | Y/Y | FY2022 |
|---|---|---|---|---|
| 营收 Revenue | $245,122M | — | — | — |
| 毛利率 Gross Margin | 69.8% | — | — | — |
| 研发费用 R&D | $29,510M | — | — | — |
| 销售及管理 SG&A | $32,065M | — | — | — |
| 折旧摊销 D&A | $22,287M | — | — | — |
| 股权激励 SBC | $10,734M | — | — | — |
| 营业利润 Operating Income | $109,433M | — | — | — |
| 利息费用 Interest Expense | $2,935M | — | — | — |
| 净利润 Net Income | $88,136M | — | — | — |
| 指标 | FY2024 | FY2023 | Y/Y | FY2022 |
|---|---|---|---|---|
| 每股收益 EPS | $11.80 | — | — | — |
| 稀释股数 Diluted Shares | 7,469M | — | — | — |
| 实际税率 Effective Tax Rate | 18.0% | — | — | — |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| Server products and cloud services | $97,726M | 39.9% | — | — |
| Office products and cloud services | $54,875M | 22.4% | — | — |
| Windows | $23,244M | 9.5% | — | — |
| Gaming | $21,503M | 8.8% | — | — |
| $16,372M | 6.7% | — | — | |
| Search and news advertising | $12,576M | 5.1% | — | — |
| Enterprise and partner services | $7,594M | 3.1% | — | — |
| Dynamics products and cloud services | $6,481M | 2.6% | — | — |
| Devices | $4,706M | 1.9% | — | — |
| Other | $45M | 0.0% | — | — |
| 板块 | 收入 | 占比 | QoQ | YoY |
|---|---|---|---|---|
| United States | $124,704M | 50.9% | — | — |
| Other countries | $120,418M | 49.1% | — | — |
美国收入含部分 OEM 和跨国组织账单，因业务性质无法确定地理来源
| 项目 | 占比 |
|---|---|
| No single customer >10% | N/A |
FY2024、FY2023、FY2022 均无单一客户或美国以外单一国家贡献超过 10% 收入
| 债务类型 | 金额 | 利率 | 到期日 |
|---|---|---|---|
| Senior Notes | $520M | 5.20% fixed | 2039 |
| Senior Notes | $486M | 4.50% fixed | 2040 |
| Senior Notes | $718M | 5.30% fixed | 2041 |
| Senior Notes | $454M | 3.50% fixed | 2042 |
| Senior Notes | $314M | 3.75%-4.88% fixed | 2043 |
| Senior Notes (EUR) | $2,465M | 2.63%-3.13% fixed | 2028-2033 |
| Senior Notes | $9,805M | 2.70%-4.75% fixed | 2025-2055 |
| Senior Notes | $7,930M | 2.40%-3.95% fixed | 2026-2056 |
| Senior Notes | $6,833M | 3.30%-4.50% fixed | 2026-2057 |
| Senior Notes | $10,111M | 1.35%-2.68% fixed | 2030-2060 |
| Senior Notes | $8,185M | 2.92%-3.04% fixed | 2052-2062 |
| Senior Notes (ABK) | $3,400M | 1.35%-4.50% fixed | 2026-2050 |
| Commercial Paper | $6,693M | 5.40% weighted avg | 2024 (28-152 days) |
本年度数据
| 指标 | FY2024 | FY2023 | 变化 |
|---|---|---|---|
| 暂无动态指标配置 | |||
以下观点摘自 10-K MD&A 管理层讨论章节（非 CEO 引言，10-K 不含新闻稿）
"Microsoft Cloud 收入增长 23% 至 1,374 亿美元。"
"Azure 和其他云服务收入增长 30%，由按消耗计费的服务增长驱动。"
"Microsoft Cloud 毛利率略降至 71%。剔除设备使用年限会计估计变更影响后，毛利率略升，受 Azure 和 Office 365 Commercial 改善推动（含 AI 基础设施扩展），部分被 Azure 销售组合偏移抵消。"
"我们在云和 AI 基础设施及设备方面的投资将持续增加运营成本，并可能降低运营利润率。"
| 指标 | 数值 | 备注 |
|---|---|---|
| Microsoft Cloud 收入增速 | +23% YoY | Microsoft Cloud 收入 $137.4B vs FY2023 $111.6B |
| Azure 增速 | +30% YoY | Azure and other cloud services 收入增速，由按消耗计费服务增长驱动 |
| Commercial RPO | $269B | 商业剩余履约义务 $269B，总 RPO $275B；预计 45% 将在未来 12 个月内确认 |
| Activision Blizzard 收购 | $75.4B | 2023 年 10 月完成收购，推动 Gaming 收入增长 50%（44ppt 来自收购净影响） |
| IRS 税务争议 | $28.9B | IRS 就 2004-2013 年转移定价问题要求补缴 $28.9B 税款加罚息，MSFT 强烈反对并将抗辩 |