Microsoft Revenue Breakdown FY2024: Segments and Profit
Microsoft reported $245.122 billion of FY2024 revenue. Compare its three reported segments, operating profit and the limits of Azure-only estimates.
Microsoft reported $245.122 billion in revenue for fiscal 2024, the year ended June 30, 2024. Intelligent Cloud was its largest reported segment at $105.362 billion. This is a historical FY2024 breakdown; for the latest completed fiscal year, see how Microsoft made money in FY2026.
Microsoft FY2024 revenue by reported segment
| Segment | FY2024 revenue | Share of total | Operating income |
|---|---|---|---|
| Intelligent Cloud | $105.362B | 43.0% | $49.584B |
| Productivity and Business Processes | $77.728B | 31.7% | $40.540B |
| More Personal Computing | $62.032B | 25.3% | $19.309B |
| Total | $245.122B | 100% | $109.433B |
Source: Microsoft FY2024 Form 10-K, segment revenue and operating income. Shares divide each reported segment by total revenue and are rounded to one decimal place. They may not sum exactly to 100% because of rounding.
What was included in Intelligent Cloud?
Intelligent Cloud included server products and cloud services, enterprise and partner services. Azure and other cloud services drove much of the segment's growth, but $105.362 billion is the full segment, not Azure revenue. Microsoft did not disclose an Azure-only FY2024 revenue line in this segment table. The earlier version of this article presented an unsupported Azure dollar run rate; the reported segment total is the defensible figure.
Where did Office, LinkedIn and Dynamics fit?
Productivity and Business Processes generated $77.728 billion in FY2024 revenue and $40.540 billion of operating income. It included Office Commercial and Consumer, LinkedIn and Dynamics products and cloud services. The segment's calculated operating margin was 52.2%. A segment figure should not be relabeled as Microsoft 365 or Office revenue: those products are only part of the segment.
What did More Personal Computing include?
More Personal Computing generated $62.032 billion in FY2024 revenue and $19.309 billion of operating income. The segment included Windows, devices, gaming and search and news advertising. Its calculated operating margin was 31.1%. The original article also estimated individual Windows, Surface and Bing revenue without a cited basis; those estimates are omitted here.
How profitable was Microsoft in FY2024?
Operating income across the three segments totaled $109.433 billion, or 44.6% of total revenue. This is an accounting result for FY2024, not a measure of cash flow or the profit from Azure alone. The three segment operating margins are not directly interchangeable because they include different businesses and allocated costs.
How should FY2024 be compared with later years?
Use the same filing's comparative columns when calculating growth, and check whether a later filing recasts segment definitions before comparing segment series. The FY2024 filing reports $211.915 billion of total revenue for FY2023, so FY2024 total revenue grew 15.7% on that basis. For Microsoft's FY2026 products, business model and newer figures, see the FY2026 explainer and Microsoft financials.
Sources and method
Primary source: Microsoft Corporation, FY2024 Form 10-K; cross-check: Microsoft Investor Relations FY2024 segment table. The revenue and operating-income amounts are filing figures in millions converted to billions. Percentages are calculated, then rounded. No Azure-only revenue is estimated.
Disclaimer:Financial figures cited in this article are approximate and sourced from publicly available reports. Always verify against the company's current SEC filings (10-K, 10-Q) or earnings releases before using in investment or business analysis.