Microsoft (MSFT)

Nasdaq Information Technology Systems Software S&P 500Nasdaq-100Dow 30 Magnificent 7 →

$530.61

-5.32 (-0.99%)

Close of Nov 06, 2026 · end-of-day data

Source: Microsoft's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$96.57B	$110.36B	$125.84B	$143.01B	$168.09B	$198.27B	$211.91B	$245.12B	$281.72B	$331.84B
Cost of revenue	$34.26B	$38.35B	$42.91B	$46.08B	$52.23B	$62.65B	$65.86B	$74.11B	$87.83B	$106.37B
Gross profit	$62.31B	$72.01B	$82.93B	$96.94B	$115.86B	$135.62B	$146.05B	$171.01B	$193.89B	$225.47B
Research & development	$13.04B	$14.73B	$16.88B	$19.27B	$20.72B	$24.51B	$27.20B	$29.51B	$32.49B	$35.56B
Operating income	$29.02B	$35.06B	$42.96B	$52.96B	$69.92B	$83.38B	$88.52B	$109.43B	$128.53B	$155.24B
Interest expense	$2.22B	$2.73B	$2.69B	$2.59B	$2.35B	$2.06B	$1.97B	$2.94B	$2.38B	$3.05B
Pre-tax income	$29.90B	$36.47B	$43.69B	$53.04B	$71.10B	$83.72B	$89.31B	$107.79B	$123.63B	$165.93B
Income tax	$4.41B	$19.90B	$4.45B	$8.76B	$9.83B	$10.98B	$16.95B	$19.65B	$21.80B	$32.19B
Net income	$25.49B	$16.57B	$39.24B	$44.28B	$61.27B	$72.74B	$72.36B	$88.14B	$101.83B	$133.75B
EBITDA	$35.12B	$42.76B	$52.66B	$63.66B	$79.22B	$95.98B	$99.52B	$124.63B	$150.53B	$189.54B
EPS (basic)	$3.29	$2.15	$5.11	$5.82	$8.12	$9.70	$9.72	$11.86	$13.70	$18.00
EPS (diluted)	$3.25	$2.13	$5.06	$5.76	$8.05	$9.65	$9.68	$11.80	$13.64	$17.95
Diluted shares	7.83B	7.79B	7.75B	7.68B	7.61B	7.54B	7.47B	7.47B	7.46B	7.45B
Gross margin	64.5%	65.2%	65.9%	67.8%	68.9%	68.4%	68.9%	69.8%	68.8%	67.9%
Operating margin	30.1%	31.8%	34.1%	37.0%	41.6%	42.1%	41.8%	44.6%	45.6%	46.8%
Net margin	26.4%	15.0%	31.2%	31.0%	36.5%	36.7%	34.1%	36.0%	36.1%	40.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$7.66B	$11.95B	$11.36B	$13.58B	$14.22B	$13.93B	$34.70B	$18.32B	$30.24B	$20.93B
Short-term investments	—	$121.82B	$122.46B	$122.95B	$116.11B	$90.83B	$76.56B	$57.23B	$64.32B	$55.91B
Receivables	$22.43B	$26.48B	$29.52B	$32.01B	$38.04B	$44.26B	$48.69B	$56.92B	$69.91B	$80.88B
Inventory	$2.18B	$2.66B	$2.06B	$1.90B	$2.64B	$3.74B	$2.50B	$1.25B	$938.00M	$1.40B
Total current assets	$162.70B	$169.66B	$175.55B	$181.91B	$184.41B	$169.68B	$184.26B	$159.73B	$191.13B	$207.71B
Goodwill	$35.12B	$35.68B	$42.03B	$43.35B	$49.71B	$67.52B	$67.89B	$119.22B	$119.51B	$119.65B
Total assets	$250.31B	$258.85B	$286.56B	$301.31B	$333.78B	$364.84B	$411.98B	$512.16B	$619.00B	$758.38B
Total current liabilities	$55.74B	$58.49B	$69.42B	$72.31B	$88.66B	$95.08B	$104.15B	$125.29B	$141.22B	$168.82B
Short-term debt	$1.05B	$4.00B	$5.52B	$3.75B	$8.07B	$2.75B	$5.25B	$2.25B	$3.00B	$9.23B
Long-term debt	$76.07B	$72.24B	$66.66B	$59.58B	$50.07B	$47.03B	$41.99B	$42.69B	$40.15B	$31.07B
Total debt	$77.12B	$76.24B	$72.18B	$63.33B	$58.15B	$49.78B	$47.24B	$44.94B	$43.15B	$40.29B
Total liabilities	$162.60B	$176.13B	$184.23B	$183.01B	$191.79B	$198.30B	$205.75B	$243.69B	$275.52B	$315.99B
Shareholders' equity	$87.71B	$82.72B	$102.33B	$118.30B	$141.99B	$166.54B	$206.22B	$268.48B	$343.48B	$442.39B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$39.51B	$43.88B	$52.19B	$60.67B	$76.74B	$89.03B	$87.58B	$118.55B	$136.16B	$182.94B
Capital expenditures	$8.13B	$11.63B	$13.93B	$15.44B	$20.62B	$23.89B	$28.11B	$44.48B	$64.55B	$115.95B
Free cash flow	$31.38B	$32.25B	$38.26B	$45.23B	$56.12B	$65.15B	$59.48B	$74.07B	$71.61B	$66.99B
Investing cash flow	-$46.78B	-$6.06B	-$15.77B	-$12.22B	-$27.58B	-$30.31B	-$22.68B	-$96.97B	-$72.60B	-$139.50B
Financing cash flow	$8.41B	-$33.59B	-$36.89B	-$46.03B	-$48.49B	-$58.88B	-$43.94B	-$37.76B	-$51.70B	-$52.55B
Dividends paid	$11.85B	$12.70B	$13.81B	$15.14B	$16.52B	$18.14B	$19.80B	$21.77B	$24.08B	$26.45B
Share buybacks	$11.79B	$10.72B	$19.54B	$22.97B	$27.39B	$32.70B	$22.25B	$17.25B	$18.42B	$22.27B
Stock-based compensation	$3.27B	$3.94B	$4.65B	$5.29B	$6.12B	$7.50B	$9.61B	$10.73B	$11.97B	$12.40B
Depreciation & amortization	$6.10B	$7.70B	$9.70B	$10.70B	$9.30B	$12.60B	$11.00B	$15.20B	$22.00B	$34.30B

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$62.02B	$61.86B	$64.73B	$65.58B	$69.63B	$70.07B	$76.44B	$77.67B	$81.27B	$82.89B	$90.01B	$92.28B
Cost of revenue	$19.62B	$18.50B	$19.68B	$20.10B	$21.80B	$21.92B	$24.01B	$24.04B	$25.98B	$26.83B	$29.52B	$29.72B
Gross profit	$42.40B	$43.35B	$45.04B	$45.49B	$47.83B	$48.15B	$52.43B	$53.63B	$55.30B	$56.06B	$60.48B	$62.56B
Research & development	$7.14B	$7.65B	$8.06B	$7.54B	$7.92B	$8.20B	$8.83B	$8.15B	$8.50B	$8.91B	$10.00B	$9.05B
Operating income	$27.03B	$27.58B	$27.93B	$30.55B	$31.65B	$32.00B	$34.32B	$37.96B	$38.27B	$38.40B	$40.60B	$45.91B
Interest expense	$909.00M	$800.00M	$701.00M	$582.00M	$594.00M	$594.00M	$615.00M	$698.00M	$736.00M	$778.00M	$839.00M	$870.00M
Pre-tax income	$26.53B	$26.73B	$27.25B	$30.27B	$29.36B	$31.38B	$32.62B	$34.30B	$48.25B	$39.34B	$44.05B	$45.95B
Income tax	$4.66B	$4.79B	$5.21B	$5.60B	$5.26B	$5.55B	$5.38B	$6.55B	$9.79B	$7.56B	$8.28B	$9.32B
Net income	$21.87B	$21.94B	$22.04B	$24.67B	$24.11B	$25.82B	$27.23B	$27.75B	$38.46B	$31.78B	$35.77B	$36.63B
EBITDA	—	—	—	$35.25B	$36.85B	$37.80B	$40.62B	$45.06B	$46.17B	$47.40B	$50.90B	$57.02B
EPS (basic)	$2.94	$2.95	$2.96	$3.32	$3.24	$3.47	$3.67	$3.73	$5.18	$4.28	$4.81	$4.93
EPS (diluted)	$2.93	$2.94	$2.95	$3.30	$3.23	$3.46	$3.65	$3.72	$5.16	$4.27	$4.81	$4.92
Diluted shares	7.47B	7.47B	2.00M	7.47B	7.47B	7.46B	-1.00M	7.47B	7.46B	7.45B	-4.00M	7.45B
Gross margin	68.4%	70.1%	69.6%	69.4%	68.7%	68.7%	68.6%	69.0%	68.0%	67.6%	67.2%	67.8%
Operating margin	43.6%	44.6%	43.1%	46.6%	45.5%	45.7%	44.9%	48.9%	47.1%	46.3%	45.1%	49.8%
Net margin	35.3%	35.5%	34.0%	37.6%	34.6%	36.9%	35.6%	35.7%	47.3%	38.3%	39.7%	39.7%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$17.30B	$19.63B	$18.32B	$20.84B	$17.48B	$28.83B	$30.24B	$28.85B	$24.30B	$32.10B	$20.93B	$20.28B
Short-term investments	$63.71B	$60.39B	$57.23B	$57.59B	$54.07B	$50.79B	$64.32B	$73.16B	$65.17B	$46.17B	$55.91B	$44.23B
Receivables	$42.83B	$44.03B	$56.92B	$44.15B	$48.19B	$51.70B	$69.91B	$52.89B	$56.53B	$60.04B	$80.88B	$62.08B
Inventory	$1.61B	$1.30B	$1.25B	$1.63B	$909.00M	$848.00M	$938.00M	$1.13B	$1.06B	$1.22B	$1.40B	$1.83B
Total current assets	$147.39B	$147.18B	$159.73B	$149.93B	$147.08B	$156.64B	$191.13B	$189.07B	$180.19B	$175.33B	$207.71B	$186.14B
Goodwill	$118.93B	$119.16B	$119.22B	$119.37B	$119.19B	$119.33B	$119.51B	$119.50B	$119.62B	$119.66B	$119.65B	$119.65B
Total assets	$470.56B	$484.27B	$512.16B	$523.01B	$533.90B	$562.62B	$619.00B	$636.35B	$665.30B	$694.23B	$758.38B	$779.40B
Total current liabilities	$121.02B	$118.53B	$125.29B	$115.20B	$108.88B	$114.21B	$141.22B	$135.00B	$130.00B	$136.66B	$168.82B	$151.97B
Short-term debt	$2.25B	$2.25B	$2.25B	$2.25B	$5.25B	$3.00B	$3.00B	$7.83B	$4.84B	$8.84B	$9.23B	$4.39B
Long-term debt	$44.93B	$42.66B	$42.69B	$42.87B	$39.72B	$39.88B	$40.15B	$35.38B	$35.42B	$31.42B	$31.07B	$31.09B
Total debt	$47.18B	$44.91B	$44.94B	$45.12B	$44.97B	$42.88B	$43.15B	$43.21B	$40.26B	$40.26B	$40.29B	$35.48B
Total liabilities	$232.29B	$231.12B	$243.69B	$235.29B	$231.20B	$240.73B	$275.52B	$273.27B	$274.43B	$279.86B	$315.99B	$308.89B
Shareholders' equity	$238.27B	$253.15B	$268.48B	$287.72B	$302.69B	$321.89B	$343.48B	$363.08B	$390.88B	$414.37B	$442.39B	$470.51B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$18.85B	$31.92B	$37.20B	$34.18B	$22.29B	$37.04B	$42.65B	$45.06B	$35.76B	$46.68B	$55.44B	$58.00B
Capital expenditures	$9.73B	$10.95B	$13.87B	$14.92B	$15.80B	$16.75B	$17.08B	$19.39B	$29.88B	$30.88B	$35.80B	$39.37B
Free cash flow	$9.12B	$20.96B	$23.32B	$19.26B	$6.49B	$20.30B	$25.57B	$25.66B	$5.88B	$15.80B	$19.64B	$18.63B
Investing cash flow	-$71.92B	-$10.70B	-$14.85B	-$15.20B	-$14.11B	-$12.71B	-$30.57B	-$34.56B	-$22.70B	-$27.41B	-$54.83B	-$41.97B
Financing cash flow	-$10.15B	-$18.81B	-$23.56B	-$16.58B	-$11.24B	-$13.04B	-$10.84B	-$11.80B	-$17.62B	-$11.35B	-$11.78B	-$16.64B
Dividends paid	$5.57B	$5.57B	$5.57B	$5.57B	$6.17B	$6.17B	$6.17B	$6.17B	$6.76B	$6.76B	$6.76B	$6.76B
Share buybacks	$4.00B	$4.21B	$4.21B	$4.11B	$4.99B	$4.78B	$4.55B	$5.65B	$7.42B	$4.63B	$4.58B	$4.38B
Stock-based compensation	$2.83B	$2.70B	$2.70B	$2.83B	$3.09B	$2.98B	$3.07B	$2.98B	$3.22B	$3.08B	$3.12B	$3.13B
Depreciation & amortization	—	—	—	$4.70B	$5.20B	$5.80B	$6.30B	$7.10B	$7.90B	$9.00B	$10.30B	$11.10B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.