Microsoft’s top executives saw their total pay packages fall from fiscal year 2022 to fiscal year 2023 – though they still made out quite well.

CEO Satya Nadella topped the list with about $48.5 million in total compensation, according to regulatory filings. That compensation included base pay, stock awards and a bonus under non-equity incentive plan awards.

The fiscal year for Redmond, Wash.-based Microsoft ended June 30.

[RELATED: The 30 Most Highly Compensated Executives Of Publicly Held Solution Provider Companies In Fiscal 2022]

Microsoft CEO Pay

For the 2023 fiscal year, Microsoft brought in $211.9 billion in revenue, up about 7 percent year over year. It saw operating income of $88.5 billion and $72.4 billion in net income.

Some highlights from the year include Microsoft Cloud revenue of $111.6 billion, up 22 percent year over year. Office Commercial products and cloud services revenue grew 10 percent year over year, Dynamics products and cloud services revenue grew 16 percent and Server products and cloud services revenue grew 19 percent, according to the filings.

Microsoft has one of the largest partner ecosystems in tech with 400,000 channel partners worldwide, according to CRN’s 2023 Channel Chiefs.

Microsoft’s other top compensated executives include:

*Chief Financial Officer Amy Hood

*Vice Chairman and President Brad Smith

*Chief Commercial Officer Judson Althoff

*Executive Vice President (EVP) Chris Young

Microsoft reports earnings for the first quarter of its 2024 fiscal year on Tuesday.

Other vendors to recently disclose their top compensated executives include Dell, Oracle, Kyndryl and Splunk.

Read on for more details on the biggest pay packages given by Microsoft during the 2023 fiscal year.