Microsoft (MSFT) FCF Margin (2009 - 2026)
Microsoft's (MSFT) quarterly FCF Margin came in at 21.82% in Q2 2026, down 1163.0% year-over-year from 2.05% in Q2 2025, and up 14.44% quarter-over-quarter from 19.07% in Q1 2026.
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Analysis
Microsoft (MSFT) FCF Margin (2009 - 2026) Analysis & Trends
Microsoft has disclosed FCF Margin across 18 years of filings, most recently posting 21.82% for Q2 2026.
- In Q2 2026, FCF Margin fell 1163.0% year-over-year to 21.82%; the TTM figure through Jun 2026 stood at 20.19% (down 523.0% YoY), while the FY2026 annual figure was 20.19%, down 523.0% from the prior year.
- FCF Margin came in at 21.82% for Q2 2026 at Microsoft, up from 19.07% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 40.61% in Q1 2022 to a low of 7.24% in Q4 2025.
- Average FCF Margin over 5 years is 27.24%, with a median of 33.24% recorded in 2025.
- Year-over-year, FCF Margin surged 541 bps in 2023 and sank 1163 bps in 2026.
- Over 5 years, FCF Margin stood at 9.29% in 2022, then surged by 58 bps to 14.7% in 2023, then sank by 37 bps to 9.32% in 2024, then slipped by 22 bps to 7.24% in 2025, then soared by 201 bps to 21.82% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 21.82% in Q2 2026, 19.07% in Q1 2026, and 7.24% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 21.82% |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 13.80% |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | 9.71% |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | -19.47% |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | 1,357.29% |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | -223.03% |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 48.96% |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 36.66% |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 16.49% |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 27.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.82% |
| Mar 31, 2026 | 19.07% |
| Dec 31, 2025 | 7.24% |
| Sep 30, 2025 | 33.04% |
| Jun 30, 2025 | 33.45% |
| Mar 31, 2025 | 28.97% |
| Dec 31, 2024 | 9.32% |
| Sep 30, 2024 | 29.36% |
| Jun 30, 2024 | 36.03% |
| Mar 31, 2024 | 33.89% |
| Dec 31, 2023 | 14.70% |
| Sep 30, 2023 | 36.57% |
| Jun 30, 2023 | 35.29% |
| Mar 31, 2023 | 33.74% |
| Dec 31, 2022 | 9.29% |
| Sep 30, 2022 | 33.75% |
| Jun 30, 2022 | 34.24% |
| Mar 31, 2022 | 40.61% |
| Dec 31, 2021 | 16.65% |
| Sep 30, 2021 | 41.33% |
API Access
Microsoft FCF Margin 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=fcf-margin&ticker=MSFT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=MSFT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();