Microsoft Statistics (2024): Growth, Revenue, and Market Cap

Updated on March 28, 2024
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Written by
David Mercado
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Andrea Mercado

From its humble beginnings to shaping the way we interact with the digital world, Microsoft's journey is a testament to innovation and resilience. This article delves into the latest Microsoft statistics, revealing insights into its operational prowess, market dominance, and strategic moves that continue to redefine the industry. These key Microsoft facts not only reflect Microsoft's business brilliance but also its significant impact on global technology.

How Old Is Microsoft?

Microsoft was founded on April 4, 1975, meaning it is 48 years old.

Microsoft Statistics: Annual Revenue and Growth

According to the official press release of Q1 FY24, Microsoft revenue was $56.5 billion, meaning a 12% growth from FY23’s Q1. Out of these $56.5 billion, $24.3 billion correspond to Intelligent Cloud services, $18.6 billion came from Productivity and Business Processes, and $13.7 billion were accredited to Microsoft’s More Personal Computing branch.

Microsoft Statistics 1

Microsoft Market Cap

Microsoft is currently the biggest publicly traded company in the world, since January 12 2024, with a market capitalization of $2.9 trillion. On January 12 of 2024, it surpassed Apple  to become the world’s most valuable publicly traded company for the first time in more than two years. That Friday, Microsoft rose 1% to $388.47, ending with a market valuation of $2.89 trillion, while Apple only gained 0.2% and closed with a market capitalization of $2.87 trillion.

Microsoft Brand Valuation

According to Kantar’s BrandZ report, which measures the most valuable global brands, Microsoft is the 3rd most valuable brand in the world, with a brand value of $501.8 billion.

Despite losing 18% of its brand valuation compared to 2022, when it had $611.4 billion dollars in brand valuation, Microsoft managed to go up a place, surpassing Amazon which was third in 2022, but lost 34% of its brand value in 2023.

Microsoft Earnings

The FY24 Q1 report revealed that Microsoft’s operating income was $26.9 billion, which is a 25% increase from last year’s operations ($21.52 billion). Also, the company’s net income was $22.3 billion, meaning a 27% growth from last year's same period. 

Microsoft Research and Development

According to the FY23 Q4 report, Microsoft generated $27.19 billion out of research and development, 10.93% up from the $24.51 billion it made in the previous year.

Also, according to the same report, research and development expenses decreased $110 million or 2% compared to 2022 driven by a decline in Devices, offset in part by investments in LinkedIn.

Microsoft Cloud Computing Growth

Microsoft’s bet into Cloud Computing keeps paying off, as the company’s revenue in Intelligent Cloud increased by 19% with $24.3 billion according to FY24 Q1 results. Server products and cloud services revenue increased 21% driven by Azure and other cloud services revenue growth of 29%. 

Azure, also known as Microsoft Azure, is Microsoft's cloud computing service. It provides a range of cloud services, including computing, analytics, storage, and networking. Users can pick and choose from these services to develop and scale new applications or run existing applications in the cloud. Azure is known for its flexibility, offering tools that support various programming languages, frameworks, and operating systems.

How many users of Azure are there?

According to the last official number published by Microsoft in the FY22 Q4 report, Azure is set to reach 1 billion users, with 722.22 million users by the end of 2022.

Azure Market Share

Despite the fact that almost 70% of organizations worldwide at one time have used Microsoft Azure for their cloud services since 2015, the total number of companies that use it on a day-to-day basis sits just over the 574,000 companies, meaning Azure holds only a 3.42% of the Email Hosting Services market share.

Bing Statistics

As of the beginning of 2024, over 1.2 billion people use Bing every month. According to The Verge, in 2022, the number of Bing users was nearly 1 billion. However, Bing crossed the benchmark of a billion users in March 2023, with 1.207 billion active visitors by the start of 2024.

Bing User Demographics

According to SimilarWeb, most of the Bing users are male, with 64.13% of total users, and just 35.87% being female. Also, most Bing users are between 25 and 34 years old with 26.42% of the total number. The second highest number of Bing users belongs to the age group of 35 to 44 years.

Bing Market Share

According to DemandSage, Bing is the second leading traditional search engine, with a 3.01% market share. Google, which dominates the traditional search engine market leads with a whooping 91.58%.

Microsoft Productivity and Business Processes Growth

Microsoft’s revenue in Productivity and Business Processes was $18.6 billion and grew significantly by 13%, driven by key areas like Office Commercial and Consumer products, Microsoft 365 subscriptions, LinkedIn, and Dynamics. 

The 13% revenue increase, partly attributed to the 18% rise in Office 365 Commercial sales, indicates robust demand for cloud-based services. The growth in Microsoft 365 Consumer subscribers to 76.7 million (3% up from last fiscal year) underscores the consumer market's strength. 

Also, LinkedIn's 8% revenue increase and Dynamics' impressive 22% rise, led by Dynamics 365, reflect Microsoft's expanding footprint in professional networking and business solutions.

Microsoft Office 365 Market Share

According to Enlyft, in the Office Productivity market, Microsoft Office 365 is the second most used product with over 3.6 million companies using it and 31% of market share; just behind Google Apps, which has 44% of the market.

Office 365 is the brand name used by Microsoft for a group of software plus services subscriptions that provides productivity software and related services to its subscribers. For consumers, the service allows the use of Microsoft Office apps on Windows and OS X, provides storage space on Microsoft's cloud storage service OneDrive, and grants 60 Skype minutes per month.

Microsoft Statistics 2

What Is The Industry That Uses Microsoft Office 365 The Most?

According to data gathered by Enlyft, looking at Microsoft Office 365 customers by industry, Construction is the largest segment with 6% and 215,335 companies using it. The other top industries are Retail with 135,738 companies; IT Services with 132,673 companies; Hospital & Healthcare with 92,810 companies; and Real Estate with 92,288 companies using the product.

Microsoft Gaming Revenue

Q1 FY24 report also showed that Microsoft generated approximately $3.92 billion through its gaming segment. This meant a 8.5% growth from previous year’s revenue of $3.61 billion.

The tech company's gaming segment includes Xbox hardware and Xbox content and services, comprising first- and third-party content (including games and in-game content), Xbox Game Pass and other subscriptions, Xbox Cloud Gaming, advertising, third-party disc royalties, and other cloud services.

How Many People Use Xbox Worldwide?

Last official number was published in January 2023, and it suggested that there are approximately 120 million monthly active users in the Xbox Network, the online multiplayer service associated with Microsoft’s Xbox line of consoles. This means it now has at least 3 times the number of players the Xbox Network had in 2016 when it first launched, which was 40 million. 

How Many Xbox One Units Have Been Sold?

As of November 2023, according to VGChartz, the Xbox One has sold 57.96 million units throughout its lifetime, since its launch in November 2013. This data comes from a comparison of lifetime sold units between the Xbox One and the Xbox Series X|S, which has sold 25.37 million units since its launch in November 2020.

Microsoft Statistics 3

Microsoft Teams Users

Microsoft Teams reached 300 million users in 2023, up from 270 million it reported in 2022, growing approximately by 11%.

According to StatSocial, Microsoft Teams users are aged over 35, with less than 20% users under that age. Also, 72% of Microsoft Teams users are male, compared to the 65.32% male users similar services such as Slack have.

Microsoft and AI in 2024

Artificial Intelligence will be one of Microsoft’s biggest bets in 2024. The company recently announced new data and AI solutions to help healthcare organizations unlock insights and improve patient and clinician experiences. According to the World Economic Forum, hospitals produce 50 petabytes of siloed data per year and 97% of it goes unused leaving many valuable insights locked away. 

Microsoft Copilot, the company’s AI companion designed to enhance productivity and creativity through a chat experience powered by AI and integrated with Bing, will also be a big thing in 2024. With Microsoft 365 Copilot bringing generative AI directly into Microsoft 365 programs such as Word, PowerPoint, Excel, Outlook, and Teams, some experts estimate that Microsoft 365 Copilot will reach 6.9 million US knowledge workers in 2024.

Final Thoughts

Wrapping up our dive through Microsoft's 2024 stats, it's clear they're not just participating in the tech industry; they're crafting it, piece by piece, from AI innovation to gaming breakthroughs and productivity tools. Let’s see what the new year brings, now that Microsoft seems stronger than ever.


Microsoft FY24 Q1 Report


Kantar BrandZ 2023


Microsoft FY24 Q1 10Q

Microsoft FY23 Q2 Earnings Conference Call



World Economic Forum


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David Mercado is an experienced writer and marketer with over 5 years of experience covering topics like online business, digital marketing, technology, and personal finance. David is especially passionate about leveraging technology and the internet to help everyday people achieve financial freedom and build income streams through online marketing and entrepreneurship. His practical advice helps his readers successfully launch online businesses, optimize their digital marketing funnels, and utilize tools to boost productivity.
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