Microsoft (MSFT) FCF Margin (2009 - 2026)

Microsoft (MSFT) posted FCF Margin of 21.82% for Q2 2026, up 14.44% sequentially from 19.07% in Q1 2026, and down 1163.0% YoY from 2.05% in Q2 2025.

Microsoft (MSFT) FCF Margin (2009 - 2026) Analysis & Trends

Microsoft has reported FCF Margin for 18 years, with the latest figure at 21.82% in Q2 2026.

Quarterly FCF Margin fell 1163.0% year-over-year to 21.82% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 20.19% (down 523.0% YoY) and the FY2026 annual result came in at 20.19%, down 523.0% from the prior year.
FCF Margin improved to 21.82% in Q2 2026 per MSFT's latest filing, from 19.07% in the prior quarter.
Over five years, FCF Margin peaked at 40.61% in Q1 2022 and troughed at 7.24% in Q4 2025.
A 5-year average of 27.24% and a median of 33.24% in 2025 frame the typical range for FCF Margin.
The sharpest annual moves came in 2023 and 2026: FCF Margin soared 541 bps in 2023, then slumped 1163 bps in 2026.
Over 5 years, FCF Margin stood at 9.29% in 2022, then jumped by 58 bps to 14.7% in 2023, then tumbled by 37 bps to 9.32% in 2024, then declined by 22 bps to 7.24% in 2025, then surged by 201 bps to 21.82% in 2026.
According to Business Quant data, FCF Margin over the past three periods registered 21.82%, 19.07%, and 7.24% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Microsoft	3,679.34 Bn	3,546.58 Bn	60.48 Bn	21.82%
2	Oracle	433.50 Bn	402.15 Bn	-	-9.76%
3	Palantir Technologies	418.20 Bn	408.90 Bn	1.64 Bn	62.08%
4	Palo Alto Networks	312.41 Bn	309.30 Bn	2.03 Bn	26.25%
5	Fortinet	117.38 Bn	113.31 Bn	1.64 Bn	47.15%
6	Cloudflare	101.74 Bn	97.57 Bn	499.52 Mn	9.71%
7	Synopsys	80.70 Bn	78.49 Bn	1.77 Bn	32.19%
8	CoreWeave	58.00 Bn	52.46 Bn	1.70 Bn	-223.03%
9	Block	49.79 Bn	43.33 Bn	3.17 Bn	-114.17%
10	NetApp	40.59 Bn	37.00 Bn	1.37 Bn	46.20%

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