Microsoft Corporation (MSFT)
NASDAQ: MSFT · Real-Time Price · USD
488.27
-4.54 (-0.92%)
Aug 5, 2026, 11:54 AM EDT - Market open
Microsoft Cash Flow Statement
Financials in millions USD. Fiscal year is July - June.
Millions USD. Fiscal year is Jul - Jun.
Operating Activities
Fiscal Quarter | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 35,766 | 31,778 | 38,458 | 27,747 | 27,233 | 25,824 | 24,108 | 24,667 | 22,036 | 21,939 | 21,870 | 22,291 | 20,081 | 18,299 | 16,425 | 17,556 | 16,740 | 16,728 | 18,765 | 20,505 |
Depreciation & Amortization | 11,022 | 10,167 | 9,198 | 13,061 | 9,317 | 7,734 | 5,667 | 7,383 | 6,380 | 6,027 | 5,959 | 3,921 | 3,874 | 3,549 | 3,648 | 2,790 | 3,979 | 3,773 | 3,496 | 3,212 |
Stock-Based Compensation | 3,122 | 3,081 | 3,219 | 2,983 | 3,073 | 2,980 | 3,089 | 2,832 | 2,696 | 2,703 | 2,828 | 2,507 | 2,416 | 2,465 | 2,538 | 2,192 | 1,997 | 1,906 | 1,897 | 1,702 |
Other Adjustments | 907 | 1,322 | -5,485 | 1,484 | -279 | -1,536 | 978 | -1,558 | -1,101 | -1,274 | -1,504 | -554 | -1,844 | -1,715 | -1,091 | -1,213 | 440 | -93 | -124 | -6,334 |
Change in Receivables | -21,084 | -4,707 | -3,436 | 16,490 | -16,179 | -2,461 | -5,978 | 14,037 | -13,246 | -2,028 | -2,951 | 11,034 | -11,244 | -1,408 | -3,164 | 11,729 | -12,634 | 857 | -5,543 | 10,486 |
Changes in Inventories | -178 | -161 | 70 | -192 | -81 | 52 | 711 | -373 | 55 | 260 | 1,474 | -505 | 374 | 106 | 1,305 | -543 | -461 | -279 | 394 | -777 |
Changes in Accounts Payable | 2,365 | 2,320 | 1,197 | -614 | -652 | 1,179 | 958 | -916 | 4,204 | 648 | -2,521 | 1,214 | 1,311 | -407 | -2,058 | -1,567 | 2,659 | 520 | 235 | -471 |
Changes in Income Taxes Payable | -307 | 2,296 | -920 | -2,944 | 1,043 | 1,298 | -3,395 | 1,016 | -806 | 2,622 | -1,554 | 1,425 | 681 | 1,414 | -2,863 | 410 | -991 | 1,091 | -2,057 | 2,653 |
Changes in Unearned Revenue | 22,428 | -166 | -7,483 | -5,418 | 18,361 | -1,032 | -6,338 | -5,553 | 15,657 | -645 | -5,538 | -4,126 | 14,224 | -181 | -5,186 | -3,322 | 12,546 | -209 | -4,343 | -2,885 |
Changes in Other Operating Activities | 1,400 | 749 | 940 | -7,540 | 811 | 3,006 | 2,491 | -7,355 | 1,320 | 1,665 | 790 | -6,624 | -1,103 | 2,319 | 1,619 | -4,834 | 354 | 1,092 | 1,760 | -3,551 |
Operating Cash Flow | 55,441 | 46,679 | 35,758 | 45,057 | 42,647 | 37,044 | 22,291 | 34,180 | 37,195 | 31,917 | 18,853 | 30,583 | 28,770 | 24,441 | 11,173 | 23,198 | 24,629 | 25,386 | 14,480 | 24,540 |
Operating Cash Flow Growth (YoY) | 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% | 26.92% |
Investing Activities
Fiscal Quarter | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -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 | -5,810 |
Purchases of Investments | -18,829 | -12,006 | -9,845 | -17,671 | -21,631 | -4,474 | -2,050 | -1,620 | -2,831 | -2,183 | -4,258 | -8,460 | -11,976 | -9,063 | -11,599 | -5,013 | -4,919 | -8,723 | -2,505 | -10,309 |
Proceeds from Sale of Investments | 10,668 | 18,334 | 18,108 | 9,293 | 7,239 | 8,882 | 5,163 | 4,104 | 3,580 | 5,291 | 5,750 | 21,048 | 12,395 | 14,393 | 11,703 | 9,373 | 4,462 | 17,792 | 8,148 | 14,492 |
Cash Acquisitions | -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 | -1,206 |
Other Investing Activities | -10,416 | -2,599 | -637 | -6,209 | 2,642 | 604 | -16 | -913 | -382 | -1,281 | 1,347 | -982 | -269 | -1,686 | -301 | -860 | -1,138 | -1,181 | -89 | -417 |
Investing Cash Flow | -54,831 | -27,405 | -22,705 | -34,559 | -30,572 | -12,714 | -14,112 | -15,201 | -14,848 | -10,700 | -71,925 | 503 | -9,134 | -3,264 | -7,150 | -3,132 | -9,729 | -16,171 | -1,161 | -3,250 |
Financing Activities
Fiscal Quarter | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Short-Term Debt Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,746 | -1,142 | -3,810 | -8,490 | 18,692 | 0 | 0 | 0 | 0 | - | - | - | - |
Net Short-Term Debt Issued (Repaid) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,746 | -1,142 | -3,810 | -8,490 | 18,692 | 0 | 0 | 0 | 0 | - | - | - | - |
Long-Term Debt Issued | - | - | - | - | - | - | - | - | 197 | 6,352 | 10,773 | 7,073 | 0 | 0 | 0 | 0 | - | - | - | - |
Long-Term Debt Repaid | 0 | 0 | -3,000 | 0 | 0 | -2,250 | 0 | -966 | -13,065 | -11,589 | -2,916 | -1,500 | -1,000 | 0 | -750 | -1,000 | 0 | -4,197 | 0 | -4,826 |
Net Long-Term Debt Issued (Repaid) | 0 | 0 | -3,000 | 0 | 0 | -2,250 | 0 | -966 | -12,868 | -5,237 | 7,857 | 5,573 | -1,000 | 0 | -750 | -1,000 | 0 | -4,197 | 0 | -4,826 |
Issuance of Common Stock | 520 | 541 | 259 | 689 | 548 | 546 | 256 | 706 | 534 | 522 | 261 | 685 | 512 | 536 | 243 | 575 | 461 | 477 | 291 | 612 |
Repurchase of Common Stock | -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 | -7,684 |
Net Common Stock Issued (Repurchased) | -4,059 | -4,086 | -7,156 | -4,961 | -3,998 | -4,235 | -4,730 | -3,401 | -3,676 | -3,691 | -3,739 | -4,146 | -5,192 | -4,973 | -5,216 | -4,998 | -8,296 | -8,345 | -7,142 | -7,072 |
Common Dividends Paid | -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 | -4,206 |
Other Financing Activities | -962 | -509 | -699 | -669 | -677 | -382 | -343 | -889 | -303 | -498 | -201 | -307 | -167 | -258 | -317 | -264 | -341 | -158 | -192 | -172 |
Financing Cash Flow | -11,779 | -11,351 | -17,617 | -11,799 | -10,844 | -13,036 | -11,243 | -16,576 | -23,563 | -18,808 | -10,147 | 14,761 | -11,413 | -10,290 | -11,349 | -10,883 | -13,269 | -17,345 | -11,986 | -16,276 |
Net Cash Flow
Fiscal Quarter | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | -1 | -114 | 11 | -92 | 183 | 52 | -294 | 122 | -103 | -80 | 72 | -99 | -81 | 29 | 88 | -230 | -198 | 24 | 106 | -73 |
Net Cash Flow | -11,170 | 7,809 | -4,553 | -1,393 | 1,414 | 11,346 | -3,358 | 2,525 | -1,319 | 2,329 | -63,147 | 45,748 | 8,142 | 10,916 | -7,238 | 8,953 | 1,433 | -8,106 | 1,439 | 4,941 |
Free Cash Flow
Fiscal Quarter | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 19,639 | 15,803 | 5,882 | 25,663 | 25,568 | 20,299 | 6,487 | 19,257 | 23,322 | 20,965 | 9,118 | 20,666 | 19,827 | 17,834 | 4,899 | 16,915 | 17,758 | 20,046 | 8,615 | 18,730 |
Free Cash Flow Growth (YoY) | -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% | 29.82% |
FCF Margin | 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% | 41.33% |
Free Cash Flow Per Share | 2.64 | 2.12 | 0.79 | 3.44 | 3.43 | 2.72 | 0.87 | 2.58 | 3.11 | 2.81 | 1.22 | 2.77 | 2.66 | 2.39 | 0.66 | 2.26 | 2.37 | 2.66 | 1.14 | 2.48 |
Levered Free Cash Flow | 36,694 | 16,107 | 8,584 | 4,706 | 38,953 | 19,066 | 8,398 | -2,766 | 20,963 | 12,517 | 10,112 | 31,944 | 29,499 | 18,492 | 5,866 | 3,207 | 27,955 | 13,179 | 12,385 | 8,050 |
Unlevered Free Cash Flow | 33,897 | 15,346 | 3,636 | 7,667 | 40,378 | 21,829 | 10,276 | 4,177 | 35,519 | 22,265 | 11,162 | 7,361 | 30,115 | 18,233 | 6,664 | 4,163 | 27,993 | 17,520 | 12,162 | 12,590 |