MSFT · Microsoft Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.89B | $81.27B | $77.67B | $69.63B | $70.07B | $65.58B | $62.02B | $61.86B | $56.52B | $52.75B |
| Cost of Revenue | $26.83B | $25.98B | $24.04B | $21.80B | $21.92B | $20.10B | $19.62B | $18.50B | $16.30B | $17.49B |
| Gross Profit | $56.06B | $55.30B | $53.63B | $47.83B | $48.15B | $45.49B | $42.40B | $43.35B | $40.22B | $35.26B |
| R&D | $8.91B | $8.50B | $8.15B | $7.92B | $8.20B | $7.54B | $7.14B | $7.65B | $6.66B | $6.84B |
| SG&A | $1.93B | $1.93B | $1.81B | $1.82B | $1.74B | $1.67B | $1.98B | $1.91B | $1.47B | $2.34B |
| Total Operating Expenses | $16.15B | $17.02B | $14.93B | - | - | - | - | - | - | - |
| D&A | $5.80B | $7.90B | $4.70B | - | - | - | - | - | - | - |
| Operating Income | $38.40B | $38.27B | $37.96B | $31.65B | $32.00B | $30.55B | $27.03B | $27.58B | $26.89B | $20.40B |
| Interest Expense | $778.00M | $736.00M | $698.00M | $594.00M | $800.00M | $525.00M | $909.00M | $800.00M | $525.00M | $490.00M |
| Income Tax | $7.56B | $9.79B | $6.55B | $5.26B | $5.55B | $5.60B | $4.66B | $4.79B | $4.99B | $3.91B |
| Net Income | $31.78B | $38.46B | $27.75B | $24.11B | $25.82B | $24.67B | $21.87B | $21.94B | $22.29B | $16.43B |
| EPS - Basic | $4.28 | $5.18 | $3.73 | $3.24 | $3.47 | $3.32 | $2.94 | $2.95 | $3.00 | $2.20 |
| EPS - Diluted | $4.27 | $5.16 | $3.72 | $3.23 | $3.46 | $3.30 | $2.93 | $2.94 | $2.99 | $2.20 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $32.10B | $24.30B | $28.85B | $30.24B | $28.83B | $20.84B | $18.32B | $19.63B | $80.45B | $34.70B |
| Accounts Receivable | $60.04B | $56.53B | $52.89B | $69.91B | $51.70B | $44.15B | $56.92B | $44.03B | $36.95B | $48.69B |
| Inventory | $1.22B | $1.06B | $1.13B | $938.00M | $848.00M | $1.63B | $1.25B | $1.30B | $3.00B | $2.50B |
| Accounts Payable | $37.51B | $37.33B | $32.58B | $27.72B | $26.25B | $22.77B | $22.00B | $18.09B | $19.31B | $18.09B |
| Current Assets | $175.33B | $180.19B | $189.07B | $191.13B | $156.64B | $149.93B | $159.73B | $147.18B | $207.59B | $184.26B |
| Total Assets | $694.23B | $665.30B | $636.35B | $619.00B | $562.62B | $523.01B | $512.16B | $484.27B | $445.79B | $411.98B |
| Current Liabilities | $136.66B | $130.00B | $135.00B | $141.22B | $114.21B | $115.20B | $125.29B | $118.53B | $124.79B | $104.15B |
| Long-term Debt | $31.42B | $35.42B | $35.38B | $40.15B | $39.88B | $42.87B | $42.69B | $42.66B | $41.95B | $41.99B |
| Total Liabilities | $279.86B | $274.43B | $273.27B | $275.52B | $240.73B | $235.29B | $243.69B | $231.12B | $225.07B | $205.75B |
| Stockholders' Equity | $414.37B | $390.88B | $363.08B | $343.48B | $321.89B | $287.72B | $268.48B | $253.15B | $220.71B | $206.22B |
| Retained Earnings | $302.53B | $280.79B | $254.87B | $237.73B | $219.76B | $188.93B | $173.14B | $159.39B | $132.14B | $118.85B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $46.68B | $35.76B | $45.06B | $22.29B | $37.04B | $34.18B | $18.85B | $31.92B | $30.58B | $11.17B |
| Investing Cash Flow | ($27.41B) | ($22.70B) | ($34.56B) | ($14.11B) | ($12.71B) | ($15.20B) | ($71.92B) | ($10.70B) | $503.00M | ($7.15B) |
| Financing Cash Flow | ($11.35B) | ($17.62B) | ($11.80B) | ($11.24B) | ($13.04B) | ($16.58B) | ($10.15B) | ($18.81B) | $14.76B | ($11.35B) |
| CapEx | $30.88B | $29.88B | $19.39B | $15.80B | $16.75B | $14.92B | $9.73B | $10.95B | $9.92B | $6.27B |
| Free Cash Flow | $15.80B | $5.88B | $25.66B | $6.49B | $20.30B | $19.26B | $9.12B | $20.96B | $20.67B | $4.90B |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 67.6% | 68.0% | 69.0% | 68.7% | 68.7% | 69.4% | 68.4% | 70.1% | 71.2% | 66.8% |
| Operating margin | 46.3% | 47.1% | 48.9% | 45.5% | 45.7% | 46.6% | 43.6% | 44.6% | 47.6% | 38.7% |
| EBITDA margin | 53.3% | 56.8% | 54.9% | - | - | - | - | - | - | - |
| Net margin | 38.3% | 47.3% | 35.7% | 34.6% | 36.9% | 37.6% | 35.3% | 35.5% | 39.4% | 31.1% |
| Free cash flow margin | 19.1% | 7.2% | 33.0% | 9.3% | 29.0% | 29.4% | 14.7% | 33.9% | 36.6% | 9.3% |
| FCF / Net income | 0.50 | 0.15 | 0.92 | 0.27 | 0.79 | 0.78 | 0.42 | 0.96 | 0.93 | 0.30 |
| R&D / Revenue | 10.8% | 10.5% | 10.5% | 11.4% | 11.7% | 11.5% | 11.5% | 12.4% | 11.8% | 13.0% |
| SG&A / Revenue | 2.3% | 2.4% | 2.3% | 2.6% | 2.5% | 2.6% | 3.2% | 3.1% | 2.6% | 4.4% |
| Effective tax rate | 19.2% | 20.3% | 19.1% | 17.9% | 17.7% | 18.5% | 17.6% | 17.9% | 18.3% | 19.2% |
| Return on assets | 4.6% | 5.8% | 4.4% | 3.9% | 4.6% | 4.7% | 4.3% | 4.5% | 5.0% | 4.0% |
| Return on equity | 7.7% | 9.8% | 7.6% | 7.0% | 8.0% | 8.6% | 8.1% | 8.7% | 10.1% | 8.0% |
| Return on invested capital | 7.0% | 7.2% | 7.7% | 6.8% | 7.3% | 7.5% | 7.2% | 7.7% | 8.4% | 6.6% |
| Liquidity | ||||||||||
| Current ratio | 1.28 | 1.39 | 1.40 | 1.35 | 1.37 | 1.30 | 1.27 | 1.24 | 1.66 | 1.77 |
| Quick ratio | 1.27 | 1.38 | 1.39 | 1.35 | 1.36 | 1.29 | 1.27 | 1.23 | 1.64 | 1.75 |
| Cash ratio | 0.23 | 0.19 | 0.21 | 0.21 | 0.25 | 0.18 | 0.15 | 0.17 | 0.64 | 0.33 |
| Leverage | ||||||||||
| Debt / Equity | 0.08 | 0.09 | 0.10 | 0.12 | 0.12 | 0.15 | 0.16 | 0.17 | 0.19 | 0.20 |
| Debt / Assets | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 |
| Debt / EBITDA | 0.71 | 0.77 | 0.83 | - | - | - | - | - | - | - |
| Interest coverage | 49.4x | 52.0x | 54.4x | 53.3x | 40.0x | 58.2x | 29.7x | 34.5x | 51.2x | 41.6x |
| Equity multiplier | 1.68 | 1.70 | 1.75 | 1.80 | 1.75 | 1.82 | 1.91 | 1.91 | 2.02 | 2.00 |
| Liabilities / Assets | 0.40 | 0.41 | 0.43 | 0.45 | 0.43 | 0.45 | 0.48 | 0.48 | 0.50 | 0.50 |
| Efficiency | ||||||||||
| Asset turnover | 0.12 | 0.12 | 0.12 | 0.11 | 0.12 | 0.13 | 0.12 | 0.13 | 0.13 | 0.13 |
| Inventory turnover | 22.01 | 24.53 | 21.28 | 23.24 | 25.85 | 12.36 | 15.75 | 14.19 | 5.43 | 7.00 |
| Days sales outstanding | 264d | 254d | 249d | 366d | 269d | 246d | 335d | 260d | 239d | 337d |
| Days inventory outstanding | 17d | 15d | 17d | 16d | 14d | 30d | 23d | 26d | 67d | 52d |
| Days payable outstanding | 510d | 524d | 495d | 464d | 437d | 413d | 409d | 357d | 432d | 378d |
| Cash conversion cycle | -229d | -256d | -229d | -82d | -154d | -138d | -51d | -71d | -126d | 11d |
| Valuation | ||||||||||
| P / E | 86.7x | 93.7x | 139.2x | 154.0x | 108.5x | 130.4x | 152.5x | 143.1x | 105.6x | 154.8x |
| P / B | 6.7x | 9.2x | 10.7x | 10.8x | 8.7x | 11.2x | 12.4x | 12.4x | 10.7x | 12.3x |
| P / S | 33.2x | 44.4x | 49.8x | 53.3x | 40.0x | 49.0x | 53.8x | 50.8x | 41.7x | 48.2x |
| EV / EBITDA | 62.3x | 78.4x | 90.8x | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 18.3% | 16.7% | 18.4% | 12.3% | 13.3% | 16.0% | 17.6% | 17.0% | 12.8% | 2.0% |
| Revenue CAGR (3y) | 16.2% | 15.5% | 15.7% | 10.4% | 12.4% | 13.1% | 12.9% | 14.0% | 15.0% | 12.6% |
| Revenue CAGR (5y) | 14.7% | 13.5% | 15.9% | 13.5% | 14.9% | 14.7% | 13.8% | 15.1% | 14.2% | 12.8% |
| Gross profit growth (YoY) | 16.4% | 15.6% | 17.9% | 12.8% | 11.1% | 13.1% | 20.2% | 18.0% | 16.0% | 1.4% |
| Operating income growth (YoY) | 20.0% | 20.9% | 24.3% | 17.1% | 16.0% | 13.6% | 32.5% | 23.4% | 25.0% | -8.3% |
| Net income growth (YoY) | 23.1% | 59.5% | 12.5% | 10.2% | 17.7% | 10.7% | 33.2% | 19.9% | 27.0% | -12.5% |
| EPS growth (YoY) | 23.4% | 59.8% | 12.7% | 10.2% | 17.7% | 10.4% | 33.2% | 20.0% | 27.2% | -11.3% |
| EPS CAGR (3y) | 20.3% | 32.9% | 16.5% | 9.2% | 15.9% | 6.8% | 13.0% | 13.1% | 18.0% | 13.4% |
| EPS CAGR (5y) | 16.0% | 20.5% | 15.4% | 16.4% | 19.8% | 19.0% | 22.1% | 20.9% | 21.3% | - |
| FCF growth (YoY) | -22.1% | -9.3% | 33.3% | -28.9% | -3.2% | -6.8% | 86.1% | 17.6% | 22.2% | -43.1% |
| FCF CAGR (5y) | -1.6% | -6.7% | 12.2% | -1.9% | 8.1% | 13.0% | 11.9% | 13.9% | 15.5% | -1.5% |
| Book value growth (YoY) | 28.7% | 13.8% | 26.2% | 27.9% | 27.2% | 30.4% | 30.2% | 30.0% | 27.2% | 23.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Business segments
$281.72B totalProductivity And Business Processes$120.81B · 42.9%
Intelligent Cloud$106.27B · 37.7%
More Personal Computing$54.65B · 19.4%
Product / service
$563.45B totalService Other$217.78B · 38.7%
Server Products And Cloud Services$98.44B · 17.5%
Microsoft Three Six Five Commercial Products And Cloud Services$87.77B · 15.6%
Product$63.95B · 11.3%
Gaming$23.45B · 4.2%
Linked In Corporation$17.81B · 3.2%
Windows And Devices$17.31B · 3.1%
Search And News Advertising$13.88B · 2.5%
Dynamics Products And Cloud Services$7.83B · 1.4%
Enterprise And Partner Services$7.76B · 1.4%
Microsoft Three Six Five Consumer Products And Cloud Services$7.40B · 1.3%
Other Products And Services$72.00M · 0.0%
Geographic
$281.72B totalUS$144.55B · 51.3%
Non Us$137.18B · 48.7%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing MICROSOFT CORP against the 5 most active filers in the same SIC group.
Dividends
$3.56/share trailing 12 months · +9.9% YoY
| Ex-date | Per share |
|---|---|
| May 21, 2026 | $0.9100 |
| Feb 19, 2026 | $0.9100 |
| Nov 20, 2025 | $0.9100 |
| Aug 21, 2025 | $0.8300 |
| May 15, 2025 | $0.8300 |
| Feb 20, 2025 | $0.8300 |
| Nov 21, 2024 | $0.8300 |
| Aug 15, 2024 | $0.7500 |
| May 15, 2024 | $0.7500 |
| Feb 14, 2024 | $0.7500 |
| Nov 15, 2023 | $0.7500 |
| Aug 16, 2023 | $0.6800 |
| May 17, 2023 | $0.6800 |
| Feb 15, 2023 | $0.6800 |
| Nov 16, 2022 | $0.6800 |
| Aug 17, 2022 | $0.6200 |
| May 18, 2022 | $0.6200 |
| Feb 16, 2022 | $0.6200 |
| Nov 17, 2021 | $0.6200 |
| Aug 18, 2021 | $0.5600 |
| May 19, 2021 | $0.5600 |
| Feb 17, 2021 | $0.5600 |
| Nov 18, 2020 | $0.5600 |
| Aug 19, 2020 | $0.5100 |