Microsoft's fiscal 2025 revenue rises 15% to $281.72 billion, with gaming revenue up 9%

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Microsoft reported revenue of $281.72 billion for the year ended Jun 30, 2025, up 15% from $245.12 billion a year earlier, in its annual report on Form 10-K, the yearly report a US-listed company files with the US Securities and Exchange Commission. Operating income, the profit from running the business before interest and tax, was $128.53 billion, up 17% from $109.43 billion. Net income was $101.83 billion, up 16% from $88.14 billion, and diluted earnings per share, profit per share after allowing for shares that stock awards could add, was $13.64 against $11.80.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13

Gaming revenue was $23.46 billion for the year, up 9% from $21.5 billion. The filing says Xbox content and services revenue increased 16%, driven by the impact of the Activision Blizzard acquisition and Xbox Game Pass. Xbox hardware revenue decreased 25%, which the filing puts down to a lower volume of consoles sold. The filing lists Gaming among the lines of the More Personal Computing segment, whose revenue was $54.65 billion, up 7%, beside Windows and Devices at $17.31 billion and Search and news advertising at $13.88 billion. The segment's operating income was $14.166 billion, against $11.959 billion a year earlier, up 18%. The filing says prior-period segment figures were recast after changes to the composition of the segments that Microsoft announced in August 2024.14^,15^,16^,17^,18^,19^,20^,21^,22^,23^,24^,25^,26

The same day, Jul 30, 2025, Microsoft filed an 8-K, the report a company files when something material happens, with its earnings release. For the quarter ended Jun 30, 2025, the release gives revenue of $76.4 billion, up 18%, and says Xbox content and services revenue increased 13%. Below operating income, other income and expense came to a net expense of $4.901 billion against $1.646 billion the year before, and the filing says the line called other, net, which was $4.725 billion against $1.319 billion, primarily reflects net recognized losses on equity method investments, including OpenAI.27^,28^,29^,4^,30^,31

Our records hold revenue, operating income, net income and diluted earnings per share for this report's year, and the text of the filing's management discussion and one numbered note, not its other exhibits. They keep one value for each period of an SEC filer, the latest filed, so they cannot tell whether the year-earlier figures were restated.32^,33^,34