Microsoft (MSFT) EV to FCF (2009 - 2026)
Microsoft's (MSFT) quarterly EV to FCF came in at 134.31 in Q2 2026, down 2.96% year-over-year from 138.41 in Q2 2025, and down 19.16% quarter-over-quarter from 166.14 in Q1 2026.
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Analysis
Microsoft (MSFT) EV to FCF (2009 - 2026) Analysis & Trends
Microsoft has disclosed EV to FCF across 18 years of filings, most recently posting 134.31 for Q2 2026.
- In Q2 2026, EV to FCF fell 2.96% year-over-year to 134.31; the TTM figure through Jun 2026 stood at 39.38 (down 20.32% YoY), while the FY2026 annual figure was 39.38, down 20.32% from the prior year.
- EV to FCF came in at 134.31 for Q2 2026 at Microsoft, down from 166.14 in the prior quarter.
- In the past five years, EV to FCF ranged from a high of 584.53 in Q4 2025 to a low of 91.34 in Q3 2022.
- Average EV to FCF over 5 years is 191.26, with a median of 137.59 recorded in 2025.
- Year-over-year, EV to FCF declined 11.98% in 2022 and surged 59.56% in 2024.
- Over 5 years, EV to FCF stood at 327.12 in 2022, then decreased by 11.15% to 290.63 in 2023, then surged by 59.56% to 463.73 in 2024, then grew by 26.05% to 584.53 in 2025, then slumped by 77.02% to 134.31 in 2026.
- Per Business Quant data, the three most recent EV to FCF figures were 134.31 in Q2 2026, 166.14 in Q1 2026, and 584.53 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.38 |
| Mar 31, 2026 | 36.01 |
| Dec 31, 2025 | 44.41 |
| Sep 30, 2025 | 47.11 |
| Jun 30, 2025 | 49.42 |
| Mar 31, 2025 | 38.35 |
| Dec 31, 2024 | 42.96 |
| Sep 30, 2024 | 42.16 |
| Jun 30, 2024 | 43.06 |
| Mar 31, 2024 | 42.32 |
| Dec 31, 2023 | 39.29 |
| Sep 30, 2023 | 33.83 |
| Jun 30, 2023 | 39.40 |
| Mar 31, 2023 | 34.17 |
| Dec 31, 2022 | 26.88 |
| Sep 30, 2022 | 24.40 |
| Jun 30, 2022 | 26.42 |
| Mar 31, 2022 | 33.15 |
| Dec 31, 2021 | 37.77 |
| Sep 30, 2021 | 31.04 |
API Access
Microsoft EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=MSFT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "MSFT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=MSFT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();