Microsoft Corporation (MSFT)
NASDAQ: MSFT · Real-Time Price · USD
397.23
-1.23 (-0.31%)
At close: Feb 20, 2026, 4:00 PM EST
397.05
-0.18 (-0.05%)
After-hours: Feb 20, 2026, 7:59 PM EST
Microsoft Cash Flow Statement
Financials in millions USD. Fiscal year is July - June.
Millions USD. Fiscal year is Jul - Jun.
Fiscal Quarter | 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 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | 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 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Net Income | 119,262 | 104,912 | 101,832 | 96,635 | 92,750 | 90,512 | 88,136 | 86,181 | 82,541 | 77,096 | 72,361 | 69,020 | 67,449 | 69,789 | 72,738 | 72,456 | 71,185 | 67,883 | 61,271 | 56,015 |
Depreciation & Amortization | 32,700 | 30,500 | 28,000 | 27,043 | 23,020 | 22,179 | 20,000 | 19,420 | 16,942 | 14,631 | 13,500 | 14,106 | 14,330 | 14,178 | 14,600 | 13,039 | 12,202 | 11,467 | 10,900 | 11,350 |
Loss (Gain) From Sale of Investments | -8,093 | -273 | 609 | 597 | 2,771 | 166 | 305 | 305 | 216 | 232 | 196 | 309 | 454 | -67 | -409 | -982 | -1,438 | -1,485 | -1,249 | -912 |
Stock-Based Compensation | 12,255 | 12,125 | 11,974 | 11,597 | 11,320 | 11,059 | 10,734 | 10,454 | 10,216 | 9,926 | 9,611 | 9,192 | 8,633 | 7,992 | 7,502 | 7,076 | 6,695 | 6,364 | 6,118 | 5,896 |
Other Operating Activities | 8,887 | 6,199 | -903 | -3,693 | -3,289 | -2,033 | -2,451 | -5,120 | -5,472 | -5,075 | -5,698 | -4,028 | -2,551 | -1,063 | -5,842 | -5,233 | -5,123 | -5,323 | 636 | 827 |
Change in Accounts Receivable | -5,586 | -8,128 | -10,581 | -7,648 | -7,215 | -4,188 | -7,191 | -5,189 | -4,569 | -4,782 | -4,087 | -5,477 | -3,212 | -5,591 | -6,834 | -5,806 | -6,373 | -4,838 | -6,481 | -4,230 |
Change in Inventory | -151 | 490 | 309 | 445 | 653 | 1,416 | 1,284 | 1,603 | 1,449 | 1,280 | 1,242 | 407 | 22 | -889 | -1,123 | -1,050 | -1,100 | -706 | -737 | -600 |
Change in Accounts Payable | 1,110 | 871 | 569 | 5,425 | 4,894 | 1,415 | 3,545 | 652 | -403 | 60 | -2,721 | -1,373 | -446 | 1,847 | 2,943 | 1,901 | 2,214 | 2,012 | 2,798 | 4,207 |
Change in Unearned Revenue | 4,428 | 5,573 | 5,438 | 2,734 | 3,121 | 3,921 | 5,348 | 3,915 | 4,379 | 4,731 | 5,535 | 3,857 | 3,829 | 4,672 | 5,109 | 3,960 | 3,696 | 4,812 | 4,633 | 2,012 |
Change in Income Taxes | -1,523 | -3,998 | -38 | -1,887 | -563 | 1,278 | 1,687 | 3,174 | 1,966 | 657 | -358 | -2,030 | -2,353 | -1,547 | 696 | 1,655 | 1,638 | 1,327 | -2,309 | -2,866 |
Change in Other Net Operating Assets | -2,783 | -1,232 | -1,047 | -538 | -1,879 | -3,580 | -2,849 | -5,272 | -4,618 | -3,789 | -1,999 | -542 | -1,769 | -1,628 | -345 | 100 | 313 | 432 | 1,160 | 1,004 |
Operating Cash Flow | 160,506 | 147,039 | 136,162 | 130,710 | 125,583 | 122,145 | 118,548 | 110,123 | 102,647 | 94,967 | 87,582 | 83,441 | 84,386 | 87,693 | 89,035 | 87,116 | 83,909 | 81,945 | 76,740 | 72,703 |
Operating Cash Flow Growth | 27.81% | 20.38% | 14.86% | 18.70% | 22.35% | 28.62% | 35.36% | 31.98% | 21.64% | 8.29% | -1.63% | -4.22% | 0.57% | 7.01% | 16.02% | 19.82% | 23.34% | 23.80% | 26.48% | 25.11% |
Capital Expenditures | -83,094 | -69,022 | -64,551 | -61,345 | -55,552 | -49,483 | -44,477 | -39,547 | -35,202 | -31,741 | -28,107 | -26,035 | -24,768 | -24,359 | -23,886 | -23,467 | -23,216 | -21,525 | -20,622 | -18,914 |
Cash Acquisitions | -3,757 | -4,707 | -5,978 | -5,577 | -6,171 | -69,795 | -69,132 | -68,131 | -66,857 | -2,507 | -1,670 | -2,592 | -21,010 | -21,181 | -22,038 | -21,276 | -10,069 | -9,634 | -8,909 | -10,058 |
Investment in Securities | -10,099 | -15,249 | -4,387 | 10,754 | 9,454 | 7,833 | 17,937 | 17,607 | 19,829 | 18,441 | 10,213 | 9,337 | 13,076 | 18,615 | 18,438 | 14,561 | 8,009 | 4,959 | 2,876 | 10,383 |
Other Investing Activities | -3,600 | -2,979 | 2,317 | -707 | -2,592 | -1,229 | -1,298 | -1,185 | -1,590 | -3,238 | -3,116 | -3,985 | -3,480 | -3,268 | -2,825 | -1,253 | 328 | 744 | -922 | -2,597 |
Investing Cash Flow | -100,550 | -91,957 | -72,599 | -56,875 | -54,861 | -112,674 | -96,970 | -91,256 | -83,820 | -19,045 | -22,680 | -23,275 | -36,182 | -30,193 | -30,311 | -31,435 | -24,948 | -25,456 | -27,577 | -21,186 |
Short-Term Debt Issued | - | - | - | - | - | - | 5,250 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Issued | - | - | - | - | - | - | 24,395 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Debt Issued | - | - | - | -945 | 1,597 | 3,880 | 29,645 | 30,590 | 28,048 | 25,765 | - | - | - | - | - | - | - | - | - | - |
Short-Term Debt Repaid | - | - | -5,746 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Repaid | - | - | -3,216 | - | - | - | -29,070 | - | - | - | -2,750 | - | - | - | -9,023 | - | - | - | -3,750 | - |
Total Debt Repaid | -5,250 | -2,250 | -8,962 | -22,027 | -31,366 | -34,282 | -29,070 | -17,005 | -5,416 | -3,250 | -2,750 | -1,750 | -5,947 | -5,197 | -9,023 | -9,023 | -5,326 | -8,576 | -3,750 | -3,750 |
Net Debt Issued (Repaid) | -5,250 | -2,250 | -8,962 | -22,972 | -29,769 | -30,402 | 575 | 13,585 | 22,632 | 22,515 | -2,750 | -1,750 | -5,947 | -5,197 | -9,023 | -9,023 | -5,326 | -8,576 | -3,750 | -3,750 |
Issuance of Common Stock | 2,042 | 2,039 | 2,056 | 2,042 | 2,018 | 2,023 | 2,002 | 1,980 | 1,994 | 1,976 | 1,866 | 1,815 | 1,756 | 1,804 | 1,841 | 1,830 | 1,749 | 1,760 | 1,693 | 1,583 |
Repurchase of Common Stock | -22,392 | -19,963 | -18,420 | -18,084 | -17,516 | -16,530 | -17,254 | -18,748 | -20,044 | -21,503 | -22,245 | -25,298 | -28,611 | -30,585 | -32,696 | -31,116 | -29,224 | -28,326 | -27,385 | -25,999 |
Common Dividends Paid | -25,269 | -24,677 | -24,082 | -23,487 | -22,890 | -22,294 | -21,771 | -21,251 | -20,738 | -20,230 | -19,800 | -19,378 | -18,964 | -18,550 | -18,135 | -17,717 | -17,293 | -16,871 | -16,521 | -16,172 |
Other Financing Activities | -2,427 | -2,071 | -2,291 | -1,917 | -2,033 | -1,891 | -1,309 | -1,173 | -933 | -1,049 | -1,006 | -1,180 | -1,080 | -955 | -863 | -952 | -2,731 | -2,460 | -2,523 | -5,039 |
Financing Cash Flow | -53,296 | -46,922 | -51,699 | -64,418 | -70,190 | -69,094 | -37,757 | -25,607 | -17,089 | -18,291 | -43,935 | -45,791 | -52,846 | -53,483 | -58,876 | -56,978 | -52,825 | -54,473 | -48,486 | -49,377 |
Foreign Exchange Rate Adjustments | 154 | -151 | 63 | -223 | -355 | 11 | -210 | -188 | -79 | -63 | -194 | -311 | -316 | -298 | -141 | 93 | 36 | -56 | -29 | -148 |
Net Cash Flow | 6,814 | 8,009 | 11,927 | 9,194 | 177 | -59,612 | -16,389 | -6,928 | 1,659 | 57,568 | 20,773 | 14,064 | -4,958 | 3,719 | -293 | -1,204 | 6,172 | 1,960 | 648 | 1,992 |
Free Cash Flow | 77,412 | 78,017 | 71,611 | 69,365 | 70,031 | 72,662 | 74,071 | 70,576 | 67,445 | 63,226 | 59,475 | 57,406 | 59,618 | 63,334 | 65,149 | 63,649 | 60,693 | 60,420 | 56,118 | 53,789 |
Free Cash Flow Growth | 10.54% | 7.37% | -3.32% | -1.72% | 3.83% | 14.92% | 24.54% | 22.94% | 13.13% | -0.17% | -8.71% | -9.81% | -1.77% | 4.82% | 16.09% | 18.33% | 20.34% | 22.73% | 24.06% | 24.05% |
Free Cash Flow Margin | 25.34% | 26.55% | 25.42% | 25.69% | 26.75% | 28.59% | 30.22% | 29.83% | 29.64% | 28.96% | 28.07% | 27.65% | 29.21% | 31.19% | 32.86% | 33.05% | 32.82% | 34.28% | 33.39% | 33.63% |
Free Cash Flow Per Share | 10.37 | 10.45 | 9.59 | 9.29 | 9.37 | 9.73 | 9.92 | 9.45 | 9.04 | 8.47 | 7.96 | 7.67 | 7.95 | 8.42 | 8.64 | 8.42 | 8.01 | 7.96 | 7.38 | 7.05 |
Cash Interest Paid | 1,600 | 1,600 | 1,600 | 1,700 | 1,700 | 1,700 | 1,700 | 1,700 | 1,700 | 1,700 | 1,700 | 1,900 | 1,900 | 1,900 | 1,900 | 2,000 | 2,000 | 2,000 | 2,000 | 2,400 |
Cash Income Tax Paid | 28,700 | 28,700 | 28,700 | 23,400 | 23,400 | 23,400 | 23,400 | 23,100 | 23,100 | 23,100 | 23,100 | 16,000 | 16,000 | 16,000 | 16,000 | 13,400 | 13,400 | 13,400 | 13,400 | 12,500 |
Levered Free Cash Flow | 53,641 | 53,327 | 61,070 | 54,817 | 50,648 | 59,997 | 56,717 | 61,498 | 58,086 | 50,514 | 47,269 | 42,328 | 44,208 | 46,156 | 49,479 | 48,917 | 46,480 | 49,820 | 41,337 | 37,893 |
Unlevered Free Cash Flow | 55,314 | 54,914 | 62,586 | 56,388 | 52,349 | 61,896 | 58,582 | 63,224 | 59,624 | 51,785 | 48,516 | 43,575 | 45,448 | 47,413 | 50,758 | 50,232 | 47,876 | 51,245 | 42,794 | 39,434 |
Change in Working Capital | -4,505 | -6,424 | -5,350 | -1,469 | -989 | 262 | 1,824 | -1,117 | -1,796 | -1,843 | -2,388 | -5,158 | -3,929 | -3,136 | 446 | 760 | 388 | 3,039 | -936 | -473 |
Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.