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Microsoft Corporation (MSFT)
NASDAQ: MSFT · Real-Time Price · USD
493.78
-3.97 (-0.80%)
At close: Sep 18, 2026, 4:00 PM EDT
493.99
+0.21 (0.04%)
After-hours: Sep 18, 2026, 7:59 PM EDT

Microsoft Cash Flow Statement

Millions USD. Fiscal year is Jul - Jun.

Operating Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
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 Sep '21
Net Income
35,76631,77838,45827,74727,23325,82424,10824,66722,03621,93921,87022,29120,08118,29916,42517,55616,74016,72818,76520,505
Depreciation & Amortization
11,30010,1009,1008,6007,8007,3006,7006,1004,0936,0275,9593,9213,5133,5493,6482,7904,1193,7733,4963,212
Loss (Gain) From Sale of Investments
-3,743-1,280-9,931-1,0071,9427082,136-12544491981444-40214-22157105-307-364
Stock-Based Compensation
3,1223,0813,2192,9833,0732,9803,0892,8322,6962,7032,8282,5072,4162,4652,5382,1921,9971,9061,8971,702
Other Operating Activities
4,3722,6694,5446,952-704-1,810-2,191-1501,142-1,323-1,702-568-1,527-1,675-1,305-1,191143-198183-5,970
Change in Accounts Receivable
-21,084-4,707-3,43616,490-16,179-2,461-5,97814,037-13,246-2,028-2,95111,034-11,244-1,408-3,16411,729-12,634857-5,54310,486
Change in Inventory
-178-16170-192-8152711-373552601,474-5053741061,305-543-461-279394-777
Change in Accounts Payable
2,3652,3201,197-614-6521,179958-9164,204648-2,5211,2141,311-407-2,058-1,5672,659520235-471
Change in Unearned Revenue
22,428-166-7,483-5,41818,361-1,032-6,338-5,55315,657-645-5,538-4,12614,224-181-5,186-3,32212,546-209-4,343-2,885
Change in Income Taxes
-3072,296-920-2,9441,0431,298-3,3951,016-8062,622-1,5541,4256811,414-2,863410-9911,091-2,0572,653
Change in Other Net Operating Assets
1,400749940-7,5408113,0062,491-7,3551,3201,665790-6,624-1,1032,3191,619-4,8343541,0921,760-3,551
Operating Cash Flow
55,44146,67935,75845,05742,64737,04422,29134,18037,19531,91718,85330,58328,77024,44111,17323,19824,62925,38614,48024,540
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 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
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 Sep '21
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
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
Investment in Securities
-8,1616,3288,263-8,378-14,3924,4083,1132,4847493,1081,49212,5884195,3301044,360-4579,0695,6434,183
Other Investing Activities
-10,416-2,599-637-6,2092,642604-16-913-382-1,2811,347-982-269-1,686-301-860-1,138-1,181-89-417
Investing Cash Flow
-54,831-27,405-22,705-34,559-30,572-12,714-14,112-15,201-14,848-10,700-71,925503-9,134-3,264-7,150-3,132-9,729-16,171-1,161-3,250

Financing Activities

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
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 Sep '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
---3,000---2,250--966--11,589-2,916-1,500---750-1,000--4,197--4,826
Total Debt Repaid
---3,000---2,250--6,712-13,065-15,399-11,406-1,500-1,000--750-1,000--4,197--4,826
Net Debt Issued (Repaid)
---3,000---2,250--6,712-14,010-9,047-63324,265-1,000--750-1,000--4,197--4,826
Issuance of Common Stock
520541259689548546256706534522261685512536243575461477291612
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
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
-11,779-11,351-17,617-11,799-10,844-13,036-11,243-16,576-23,563-18,808-10,14714,761-11,413-10,290-11,349-10,883-13,269-17,345-11,986-16,276

Net Cash Flow

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
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 Sep '21
Foreign Exchange Rate Adjustments
-1-11411-9218352-294122-103-8072-99-812988-230-19824106-73
Net Cash Flow
-11,1707,809-4,553-1,3931,41411,346-3,3582,525-1,3192,329-63,14745,7488,14210,916-7,2388,9531,433-8,1061,4394,941

Free Cash Flow

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
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 Sep '21
Free Cash Flow
19,63915,8035,88225,66325,56820,2996,48719,25723,32220,9659,11820,66619,82717,8344,89916,91517,75820,0468,61518,730
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%
Free Cash Flow 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
2.642.120.793.443.432.720.872.583.122.811.222.772.652.390.662.262.372.661.142.48
Levered Free Cash Flow
1,3931,761-214.1313,71621,85918,384-721.3821,46112,84416,9658,72718,16917,63613,5531,15515,01912,60015,4343,10318,342
Unlevered Free Cash Flow
1,9222,251250.8814,15822,24918,761-343.8821,83213,28917,4729,30318,50517,94413,8721,46315,33212,90815,7463,42818,677

Additional Metrics

Fiscal Quarter
Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022
Period Ending
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 Sep '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
4,624331-9,632-2183,3032,042-11,5518567,1842,522-10,3002,4184,2431,843-10,3471,8731,4733,072-9,5545,455
SEC Filings: 10-K · 10-Q