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Microsoft Corporation (MSFT)
NASDAQ: MSFT · Real-Time Price · USD
520.99
+13.87 (2.74%)
At close: Nov 3, 2026, 4:00 PM EST
516.40
-4.60 (-0.88%)
After-hours: Nov 3, 2026, 7:59 PM EST

Microsoft Cash Flow Statement

Millions USD. Fiscal year is Jul - Jun.

Operating Activities

Fiscal Quarter
Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Net Income
36,62935,76631,77838,45827,74727,23325,82424,10824,66722,03621,93921,87022,29120,08118,29916,42517,55616,74016,72818,765
Depreciation & Amortization
12,10011,30010,1009,1008,6007,8007,3006,7006,1004,0936,0275,9593,9213,5133,5493,6482,7904,1193,7733,496
Loss (Gain) From Sale of Investments
-231-3,743-1,280-9,9313,9071,9427082,136-12544491981444-40214-22157105-307
Stock-Based Compensation
3,1343,1223,0813,2192,9833,0732,9803,0892,8322,6962,7032,8282,5072,4162,4652,5382,1921,9971,9061,897
Other Operating Activities
4,2534,3722,6694,5442,038-704-1,810-2,191-1501,142-1,323-1,702-568-1,527-1,675-1,305-1,191143-198183
Change in Accounts Receivable
17,104-21,084-4,707-3,43616,490-16,179-2,461-5,97814,037-13,246-2,028-2,95111,034-11,244-1,408-3,16411,729-12,634857-5,543
Change in Inventory
-436-178-16170-192-8152711-373552601,474-5053741061,305-543-461-279394
Change in Accounts Payable
5252,3652,3201,197-614-6521,179958-9164,204648-2,5211,2141,311-407-2,058-1,5672,659520235
Change in Unearned Revenue
-5,94222,428-166-7,483-5,41818,361-1,032-6,338-5,55315,657-645-5,538-4,12614,224-181-5,186-3,32212,546-209-4,343
Change in Income Taxes
-556-3072,296-920-2,9441,0431,298-3,3951,016-8062,622-1,5541,4256811,414-2,863410-9911,091-2,057
Change in Other Net Operating Assets
-8,5801,400749940-7,5408113,0062,491-7,3551,3201,665790-6,624-1,1032,3191,619-4,8343541,0921,760
Operating Cash Flow
58,00055,44146,67935,75845,05742,64737,04422,29134,18037,19531,91718,85330,58328,77024,44111,17323,19824,62925,38614,480
Operating Cash Flow Growth (YoY)
28.73%30.00%26.01%60.41%31.82%14.66%16.06%18.24%11.76%29.28%30.59%68.74%31.84%16.81%-3.72%-22.84%-5.47%8.45%14.46%15.69%

Investing Activities

Fiscal Quarter
Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Capital Expenditures
-39,367-35,802-30,876-29,876-19,394-17,079-16,745-15,804-14,923-13,873-10,952-9,735-9,917-8,943-6,607-6,274-6,283-6,871-5,340-5,865
Cash Acquisitions
-397-452-258-455-578-1,743-981-1,405-1,849-1,342-1,575-65,029-1,186-341-301-679-349-1,263-18,719-850
Investment in Securities
10,748-8,1616,3288,263-8,378-14,3924,4083,1132,4847493,1081,49212,5884195,3301044,360-4579,0695,643
Other Investing Activities
-12,949-10,416-2,599-637-6,2092,642604-16-913-382-1,2811,347-982-269-1,686-301-860-1,138-1,181-89
Investing Cash Flow
-41,965-54,831-27,405-22,705-34,559-30,572-12,714-14,112-15,201-14,848-10,700-71,925503-9,134-3,264-7,150-3,132-9,729-16,171-1,161

Financing Activities

Fiscal Quarter
Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Short-Term Debt Issued
------------18,692-------
Long-Term Debt Issued
----------6,35210,7737,073-------
Total Debt Issued
----------9456,35210,77325,765-------
Short-Term Debt Repaid
---------5,746--3,810-8,490--------
Long-Term Debt Repaid
-4,850---3,000---2,250--966--11,589-2,916-1,500---750-1,000--4,197-
Total Debt Repaid
-4,850---3,000---2,250--6,712-13,065-15,399-11,406-1,500-1,000--750-1,000--4,197-
Net Debt Issued (Repaid)
-4,850---3,000---2,250--6,712-14,010-9,047-63324,265-1,000--750-1,000--4,197-
Issuance of Common Stock
598520541259689548546256706534522261685512536243575461477291
Repurchase of Common Stock
-4,379-4,579-4,627-7,415-5,650-4,546-4,781-4,986-4,107-4,210-4,213-4,000-4,831-5,704-5,509-5,459-5,573-8,757-8,822-7,433
Common Dividends Paid
-6,757-6,758-6,756-6,762-6,169-6,169-6,169-6,170-5,574-5,574-5,572-5,574-5,051-5,054-5,059-5,066-4,621-4,632-4,645-4,652
Other Financing Activities
-1,252-962-509-699-669-677-382-343-889-303-498-201-307-167-258-317-264-341-158-192
Financing Cash Flow
-16,640-11,779-11,351-17,617-11,799-10,844-13,036-11,243-16,576-23,563-18,808-10,14714,761-11,413-10,290-11,349-10,883-13,269-17,345-11,986

Net Cash Flow

Fiscal Quarter
Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Foreign Exchange Rate Adjustments
-49-1-11411-9218352-294122-103-8072-99-812988-230-19824106
Net Cash Flow
-654-11,1707,809-4,553-1,3931,41411,346-3,3582,525-1,3192,329-63,14745,7488,14210,916-7,2388,9531,433-8,1061,439

Free Cash Flow

Fiscal Quarter
Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Free Cash Flow
18,63319,63915,8035,88225,66325,56820,2996,48719,25723,32220,9659,11820,66619,82717,8344,89916,91517,75820,0468,615
Free Cash Flow Growth (YoY)
-27.39%-23.19%-22.15%-9.33%33.27%9.63%-3.18%-28.85%-6.82%17.63%17.56%86.12%22.18%11.65%-11.04%-43.13%-9.69%9.23%17.30%3.27%
Free Cash Flow Margin
20.19%21.82%19.07%7.24%33.04%33.45%28.97%9.32%29.36%36.03%33.89%14.70%36.57%35.29%33.74%9.29%33.75%34.24%40.61%16.65%
Free Cash Flow Per Share
2.502.642.120.793.443.432.720.872.583.122.811.222.772.652.390.662.262.372.661.14
Levered Free Cash Flow
154.381,3931,761-214.1313,70621,85918,384-721.3821,44912,85616,9658,72718,16917,63613,5531,15515,01912,60015,4343,103
Unlevered Free Cash Flow
701.881,9222,251250.8814,14822,24918,761-343.8821,82013,30117,4729,30318,50517,94413,8721,46315,33212,90815,7463,428

Additional Metrics

Fiscal Quarter
Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022
Period Ending
Sep '26 Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21
Cash Interest Paid
-1,500---1,600---1,700---1,700---1,900--
Cash Income Tax Paid
-21,188---28,700---23,400---23,100---16,000--
Change in Working Capital
2,1154,624331-9,632-2183,3032,042-11,5518567,1842,522-10,3002,4184,2431,843-10,3471,8731,4733,072-9,554
SEC Filings: 10-K · 10-Q