Financial Summary (All financials)
| In millions, except per share items | May-31-23 | May-31-22 | May-31-21 | May-31-20 | May-31-19 | May-31-18 | May-31-17 | May-31-16 |
| Revenues | 90,155 | 93,512 | 83,959 | 69,217 | 69,693 | 65,450 | 60,319 | 50,365 |
| Revenue growth | -3.6% | 11.4% | 21.3% | -0.7% | 6.5% | 8.5% | 19.8% | 6.1% |
| Cost of goods sold | 36,928 | 37,173 | 33,055 | 28,187 | 48,153 | 44,892 | 40,766 | 33,054 |
| Gross profit | 53,227 | 56,339 | 50,904 | 41,030 | 21,540 | 20,558 | 19,553 | 17,311 |
| Gross margin | 59.0% | 60.2% | 60.6% | 59.3% | 30.9% | 31.4% | 32.4% | 34.4% |
| Selling, general and administrative | 48,315 | 50,094 | 45,047 | 38,613 | 13,815 | 12,925 | 11,747 | 9,882 |
| EBITA | 5,866 | 3,599 | 7,540 | 987 | 4,969 | 4,739 | 4,657 | 3,091 |
| EBITA margin | 6.5% | 3.8% | 9.0% | 1.4% | 7.1% | 7.2% | 7.7% | 6.1% |
| Amortization of intangibles | 52 | 52 | 49 | 66 | 82 | 87 | 91 | 14 |
| EBIT | 5,814 | 3,547 | 7,491 | 921 | 4,887 | 4,652 | 4,566 | 3,077 |
| EBIT margin | 6.4% | 3.8% | 8.9% | 1.3% | 7.0% | 7.1% | 7.6% | 6.1% |
| Pre-tax income | 5,363 | 4,896 | 6,674 | 1,669 | 655 | 4,353 | 4,579 | 2,740 |
| Income taxes | 1,391 | 1,070 | 1,443 | 383 | 115 | -219 | 1,582 | 920 |
| Tax rate | 25.9% | 21.9% | 21.6% | 22.9% | 17.6% | | 34.5% | 33.6% |
| Net income | 3,972 | 3,826 | 5,231 | 1,286 | 540 | 4,572 | 2,997 | 1,820 |
| Net margin | 4.4% | 4.1% | 6.2% | 1.9% | 0.8% | 7.0% | 5.0% | 3.6% |
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| Diluted EPS | $15.52 | $14.38 | $19.52 | $4.91 | $2.04 | $16.81 | $11.10 | $6.52 |
| Shares outstanding (diluted) | 256 | 266 | 268 | 262 | 265 | 272 | 270 | 279 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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