Microsoft’s Q1 2025 revenue passes $70 billion; net income surges by 160% from 2018

Key takeaways

  • Microsoft’s revenue has grown steadily from $26.8B in Q1 2018 to $70.1B in Q1 2025, marking a 161% increase over the seven-year period.
  • Its net income more than tripled from $7.4B in Q1 2018 to $25.8B in Q1 2025, with consistent year-on-year growth, especially sharp increases between 2020 and 2023.
  • The company crossed the $50B quarterly revenue mark for the first time in Q4 2021, and hasn’t dropped below that threshold since Q1 2022.
  • From Q1 2023 to Q1 2025 alone, Microsoft’s net income surged by over $7.5B, signalling an era of record profitability, with each quarter surpassing $20B in profit since Q2 2023.

Microsoft’s financial performance between 2018 and 2025 paints a compelling picture of robust and consistent growth. Starting with $26.8 billion in revenue in Q1 2018, the tech giant steadily expanded its earnings, culminating in $70.1 billion by Q1 2025, a more than 2.5x increase in just seven years. This growth trajectory was not limited to top-line revenue; net income followed a similar upward path, moving from $7.4 billion to an all-time high of $25.8 billion over the same period.

The company’s most aggressive financial leap occurred post-2020, with revenue consistently surpassing the $50 billion mark from late 2021 onwards. Particularly notable is the period from 2023 to 2025, during which Microsoft achieved sustained quarterly net profits above $20 billion. This financial momentum reflects Microsoft’s operational efficiency, market dominance, and successful expansion across its cloud, enterprise, and AI-driven services, positioning it as one of the most profitable companies of the decade.

Source:

Microsoft Financial Statement

Period:

Q1 2018 - Q1 2025
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Nigerian listed banks gave ₦20.97 billion to communities in 2024; Access, Zenith, UBA lead
Key Takeaways:
  • In 2024, ten publicly listed banks donated more than ₦20.97 billion to host communities.
  • Access Holdings Plc led the list with ₦6.74 billion, accounting for nearly 32% of total donations.
  • The top three banks (Access, Zenith, and UBA) contributed around ₦13.6 billion, or 65% of total donations.
  • Donations ranged between ₦113 million (Jaiz Bank) and ₦6.7 billion (Access Holdings).
  • Jaiz Bank donated the smallest proportion, 0.54%.
The Government of Germany, the ACCF’s founding donor in 2014, remains its top single contributor with over $6 million
  • The Government of Germany is the largest donor to AfDB’s Africa Climate Change Fund (ACCF), contributing $6.19 million in a single donation in April 2014.
  • The Government of Flanders (Belgium) follows closely with a total contribution of $6.12 million, made in two installments (2016 and 2019).
  • In 2023, the U.S. Department of State joined as a new donor with a contribution of $5.43 million.
  • The current value of the ACCF stands at $36.5 million.
  • To date, the ACCF has supported seven completed projects, 20 under implementation and one cancelled project (originally planned for Sudan).
  • Some completed projects include climate finance readiness initiatives in Eswatini and Côte d’Ivoire, while ongoing efforts feature "Capacity Building for Women Climate Change Negotiators in Eastern and Southern Africa" in Uganda ($950,000) and "Development of long-term low-carbon and climate-resilient development strategies (LTSs)" for Gabon, Liberia, Botswana, and Lesotho ($500,000).
  • The project in Sudan was cancelled due to the conflict in the country.
CBN bounced back in 2024 after a ₦1.2 trillion loss in 2023, even with ₦2.2 trillion net interest income that year
Key Takeaways:
  • Despite substantial net interest revenue (₦2.2 trillion), CBN saw a significant loss of ₦1.15 trillion in 2023.
  • From 2017 to 2019, the bank reported negative net interest income while maintaining profitability.
  • In 2024, profits increased marginally to ₦38.8 billion, following a significant decrease in 2023. 2021 and 2022 were recovery years, with considerable increases in both net interest and profits.
  • Profit decreased by nearly 68% from ₦123 billion (2015) to ₦39 billion (2024).
  • Profit after tax was typically positive, with the exception of 2023, when the institution suffered a significant loss, likely due to naira redenomination.
The Central Bank of Nigeria's total assets increased by more than 700% from ₦14 trillion to ₦117.6 trillion, with a significant jump of almost 103% from 2022
Key Takeaways:
  • CBN’s total assets increased from ₦14 trillion in 2013 to ₦117.6 trillion in 2024.
  • Total liabilities followed a similar upward trend, reaching ₦116.6 trillion in 2024.
  • Total assets and liabilities rose by more than 100% from 2022.
  • The gap between assets and liabilities has remained relatively narrow, indicating tight net equity margins and overall prudent financial management.
  • Total equity initially rose between 2022 and 2023, but later declined in 2024 despite a substantial increase in CBN's assets and liabilities.
  • The most significant asset jumps occurred between 2022 and 2024, reflecting a rapid expansion of the balance sheet.
  • CBN’s total equity over the years ranged from ₦500 billion to ₦2 trillion, peaking in 2023 at ₦2 trillion.
From $6B in 2016, Bitcoin's market capitalisation witnessed exponential growth (337 times), achieving over $2.0T in Jan 2025
  • Bitcoin’s market cap grew from $6B in 2016 to $2T in 2025 — a 337x increase.
  • In 2021, Bitcoin’s market value peaked at $1.1T before reaching $1.2T in 2022.
  • Bitcoin experienced a sharp drop to around $525B in 2023.
  • Its recovery was strong in 2024, with the market cap rising again to $1.4T.
  • Despite periodic dips, the long-term chart shows a consistent upward growth trend.
Zenith Bank remained Nigeria's most profitable bank in 2024, with a profit after tax (PAT) of ₦1.03 trillion, a 53% increase from the 2023 value
Key takeaways:
  • Zenith Bank Plc led the profitability ranking with a Profit After Tax (PAT) of ₦1.03 trillion.
  • Guaranty Trust Holding Company followed closely with ₦1.02 trillion in PAT.
  • Each of the top six banks recorded profits exceeding ₦600 billion.
  • The total PAT for the top ten banks rose by 53%, from ₦3.39 trillion in 2023 to ₦5.54 trillion in 2024.
  • FCMB Group Plc was the only bank among the top ten to record a year-on-year decline in PAT.
  • Ecobank, First Holdco, Fidelity Bank, and Wema Bank each recorded over 100% growth in PAT compared to 2023.
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