Browse Prior Earnings Releases:

Income Statements

(In millions, except per share amounts)

Year Ended June 30,
2024 2023 2022
Revenue:
Product
$ 64,773
$ 64,699
$ 72,732
Service and other
180,349
147,216
125,538
Total revenue
245,122
211,915
198,270
Cost of revenue:
Product
15,272
17,804
19,064
Service and other
58,842
48,059
43,586
Total cost of revenue
74,114
65,863
62,650
Gross margin
171,008
146,052
135,620
Research and development
29,510
27,195
24,512
Sales and marketing
24,456
22,759
21,825
General and administrative
7,609
7,575
5,900
Operating income
109,433
88,523
83,383
Other income (expense), net
(1,646)
788
333
Income before income taxes
107,787
89,311
83,716
Provision for income taxes
19,651
16,950
10,978
Net income
$ 88,136
$ 72,361
$ 72,738
Earnings per share:
Basic
$ 11.86
$ 9.72
$ 9.70
Diluted
$ 11.80
$ 9.68
$ 9.65
Weighted average shares outstanding:
Basic
7,431
7,446
7,496
Diluted
7,469
7,472
7,540

IMPORTANT NOTICE TO USERS (summary only, click here  for full text of notice); All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our  Forms 10-Q and 10-K.

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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards