Microsoft (MSFT) Revenue — Quarter Ended Mar 31, 2025
Revenue increased compared to the prior quarter and rose significantly versus the same quarter last year. The growth was driven by higher service and other revenue.
Key takeaway
Quarter ended Mar 31, 2025 · FY2025 Q3
Revenue increased compared to the prior quarter and rose significantly versus the same quarter last year. The growth was driven by higher service and other revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$70.1B
Revenue reported for this quarter.
Quarter-over-quarter
+0.6%
Change from the immediately preceding quarter.
Year-over-year
+13.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$270B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2024 | $64.7B | +15.2% |
| Sep 30, 2024 | $65.6B | +16.0% |
| Dec 31, 2024 | $69.6B | +12.3% |
| Mar 31, 2025 | $70.1B | +13.3% |
Revenue performance
Total revenue for the quarter was higher than the immediately preceding quarter. Service and other revenue continued to be the primary contributor.
Quarterly comparison
Compared to the same quarter one year earlier, total revenue was substantially higher. The increase was led by service and other revenue, while product revenue declined.
What to watch
Monitor the trend in product revenue, which decreased both sequentially and year-over-year.