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Financial Statements and Supplementary Data

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Revenue, classified by significant product and service offerings, was as follows:

(In millions)

Year Ended June 30, ..................... 2025 / 2025 / 2024 / 2024 / 2023 / 2023

Server products and cloud services ...... $ / 98,435 / $ / 79,828 / $ / 65,007

Microsoft 365 Commercial products and cloud services ... 87,767 / 76,969 / 66,949

Gaming .................................. 23,455 / 21,503 / 15,466

LinkedIn ................................ 17,812 / 16,372 / 14,989

Windows and Devices ..................... 17,314 / 17,026 / 17,147

Search and news advertising ............. 13,878 / 12,306 / 12,125

Dynamics products and cloud services .... 7,827 / 6,831 / 5,796

Enterprise and partner services ......... 7,760 / 7,594 / 7,900

Microsoft 365 Consumer products and cloud services ... 7,404 / 6,648 / 6,417

Other ................................... 72 / 45 / 119

Total ................................... $ / 281,724 / $ / 245,122 / $ / 211,915

Our Microsoft Cloud revenue, which includes Microsoft 365 Commercial cloud, Azure and other cloud services, the commercial portion of LinkedIn, and Dynamics 365, was $ 168.9 billion, $ 137.7 billion, and $ 111.6 billion in fiscal years 2025, 2024, and 2023, respectively. These amounts are included in Microsoft 365 Commercial products and cloud services, Server products and cloud services, LinkedIn, and Dynamics products and cloud services in the table above.

Assets are not allocated to segments for internal reporting presentations. A portion of amortization and depreciation is included with various other costs in an overhead allocation to each segment. It is impracticable for us to separately identify the amount of amortization and depreciation by segment that is included in the measure of segment profit or loss.

Long-lived assets, excluding financial instruments and tax assets, classified by the location of the controlling statutory company and with countries over 10% of the total shown separately, were as follows:

(In millions)

June 30, ................................ 2025 / 2025 / 2024 / 2024 / 2023 / 2023

United States ........................... $ / 230,069 / $ / 186,106 / $ / 114,380

Other countries ......................... 141,833 / 115,263 / 72,859

Total ................................... $ / 371,902 / $ / 301,369 / $ / 187,239

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PART II