Microsoft Quarterly Cash Flow Statement
NASDAQ: MSFTTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Microsoft free cash flow
In the quarter ended Jun 30, 2026, Microsoft generated $55.44 billion of operating cash flow and spent $35.80 billion on capital expenditures. That left free cash flow of $19.64 billion, a free-cash-flow margin of 21.8% of revenue. Free cash flow was down 23.2% from the prior year's $25.57 billion.
Microsoft returned $11.34 billion to shareholders: $6.76 billion in dividends and $4.58 billion in share repurchases, equal to 58% of free cash flow. Free cash flow covered dividend payments 2.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
Microsoft cash flow statement (quarterly)
| Quarter (USD) | Q4 20262026-06-30 | Q3 20262026-03-31 | Q2 20262025-12-31 | Q1 20262025-09-30 | Q4 20252025-06-30 | Q3 20252025-03-31 | Q2 20252024-12-31 | Q1 20252024-09-30 | Q4 20242024-06-30 | Q3 20242024-03-31 | Q2 20242023-12-31 | Q1 20242023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 35.77B | 31.78B | 38.46B | 27.75B | 27.23B | 25.82B | 24.11B | 24.67B | 22.04B | 21.94B | 21.87B | 22.29B |
| Net Income growth (YoY) | +31.33% | +23.06% | +59.52% | +12.49% | +23.58% | +17.71% | +10.23% | +10.66% | +9.74% | +19.89% | +33.15% | +26.97% |
| Depreciation & Amortization | 10.30B | 9.00B | 7.90B | 7.10B | 6.30B | 5.80B | 5.20B | 4.70B | — | — | — | — |
| Stock-Based Compensation | 3.12B | 3.08B | 3.22B | 2.98B | 3.07B | 2.98B | 3.09B | 2.83B | 2.70B | 2.70B | 2.83B | 2.51B |
| Change in Working Capital | 3.53B | -2.71B | -9.65B | 10.27B | 1.45B | -2.26B | -10.65B | 7.20B | 6.67B | -1.76B | -9.54B | 7.62B |
| Operating Cash Flow | 55.44B | 46.68B | 35.76B | 45.06B | 42.65B | 37.04B | 22.29B | 34.18B | 37.20B | 31.92B | 18.85B | 30.58B |
| Capital Expenditures | -35.80B | -30.88B | -29.88B | -19.39B | -17.08B | -16.75B | -15.80B | -14.92B | -13.87B | -10.95B | -9.73B | -9.92B |
| Investing Cash Flow | -54.83B | -27.41B | -22.70B | -34.56B | -30.57B | -12.71B | -14.11B | -15.20B | -14.85B | -10.70B | -71.92B | 503.00M |
| Dividends Paid | -6.76B | -6.76B | -6.76B | -6.17B | -6.17B | -6.17B | -6.17B | -5.57B | -5.57B | -5.57B | -5.57B | -5.05B |
| Share Repurchases | -4.58B | -4.63B | -7.42B | -5.65B | -4.55B | -4.78B | -4.99B | -4.11B | -4.21B | -4.21B | -4.00B | -4.83B |
| Financing Cash Flow | -11.78B | -11.35B | -17.62B | -11.80B | -10.84B | -13.04B | -11.24B | -16.58B | -23.56B | -18.81B | -10.15B | 14.76B |
| Net Change in Cash | -11.17B | 7.81B | -4.55B | -1.39B | 1.41B | 11.35B | -3.36B | 2.52B | -1.32B | 2.33B | -63.15B | 45.75B |
| Free Cash Flow | 19.64B | 15.80B | 5.88B | 25.66B | 25.57B | 20.30B | 6.49B | 19.26B | 23.32B | 20.96B | 9.12B | 20.67B |
This table shows 12 quarterly periods of Microsoft's cash flow statement, from Q4 2026 back to Q1 2024, 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?