Microsoft Cash Flow Statement
NASDAQ: MSFTTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Microsoft free cash flow
In fiscal 2026, Microsoft generated $182.94 billion of operating cash flow and spent $115.95 billion on capital expenditures. That left free cash flow of $66.99 billion, a free-cash-flow margin of 20.2% of revenue. Free cash flow was down 6.5% from the prior year's $71.61 billion.
Microsoft returned $48.72 billion to shareholders: $26.45 billion in dividends and $22.27 billion in share repurchases, equal to 73% of free cash flow. Free cash flow covered dividend payments 2.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
Microsoft cash flow statement (annual)
| Fiscal year (USD) | FY 20262026-06-30 | FY 20252025-06-30 | FY 20242024-06-30 | FY 20232023-06-30 | FY 20222022-06-30 | FY 20212021-06-30 | FY 20202020-06-30 | FY 20192019-06-30 | FY 20182018-06-30 | FY 20172017-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 133.75B | 101.83B | 88.14B | 72.36B | 72.74B | 61.27B | 44.28B | 39.24B | 16.57B | 25.49B |
| Net Income growth (YoY) | +31.34% | +15.54% | +21.80% | -0.52% | +18.72% | +38.37% | +12.85% | +136.80% | -34.99% | +24.10% |
| Depreciation & Amortization | 34.30B | 22.00B | 15.20B | 11.00B | 12.60B | 9.30B | 10.70B | 9.70B | 7.70B | 6.10B |
| Stock-Based Compensation | 12.40B | 11.97B | 10.73B | 9.61B | 7.50B | 6.12B | 5.29B | 4.65B | 3.94B | 3.27B |
| Change in Working Capital | 1.43B | -4.26B | 2.99B | -31.00M | 95.00M | 213.00M | 2.82B | 2.48B | 2.74B | 2.73B |
| Operating Cash Flow | 182.94B | 136.16B | 118.55B | 87.58B | 89.03B | 76.74B | 60.67B | 52.19B | 43.88B | 39.51B |
| Capital Expenditures | -115.95B | -64.55B | -44.48B | -28.11B | -23.89B | -20.62B | -15.44B | -13.93B | -11.63B | -8.13B |
| Investing Cash Flow | -139.50B | -72.60B | -96.97B | -22.68B | -30.31B | -27.58B | -12.22B | -15.77B | -6.06B | -46.78B |
| Dividends Paid | -26.45B | -24.08B | -21.77B | -19.80B | -18.14B | -16.52B | -15.14B | -13.81B | -12.70B | -11.85B |
| Share Repurchases | -22.27B | -18.42B | -17.25B | -22.25B | -32.70B | -27.39B | -22.97B | -19.54B | -10.72B | -11.79B |
| Financing Cash Flow | -52.55B | -51.70B | -37.76B | -43.94B | -58.88B | -48.49B | -46.03B | -36.89B | -33.59B | 8.41B |
| Net Change in Cash | -9.31B | 11.93B | -16.39B | 20.77B | -293.00M | 648.00M | 2.22B | -590.00M | 4.28B | 1.15B |
| Free Cash Flow | 66.99B | 71.61B | 74.07B | 59.48B | 65.15B | 56.12B | 45.23B | 38.26B | 32.25B | 31.38B |
This table shows 10 annual periods of Microsoft's cash flow statement, from FY 2026 back to FY 2017, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MSFT's reporting calendar. What is a cash flow statement?