Microsoft (MSFT) FCF Margin (2009 - 2026)
Microsoft's FCF Margin was 20.19% in fiscal Q1 2027 (quarter ended Sep 30, 2026), down 12.85 percentage points from 33.04% a year earlier and down 1.63 percentage points from the prior quarter.
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Analysis
Microsoft (MSFT) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Microsoft's FCF Margin was 17.31% through Sep 30, 2026, down 9.25 percentage points year-over-year.
- FCF Margin shows a five-year change of -13.20 percentage points (FY2021 to FY2026).
- In earlier fiscal years, FCF Margin was 25.42% in FY2025 (-4.80 pp), 30.22% in FY2024 (+2.15 pp), 28.07% in FY2023 (-4.79 pp) and 32.86% in FY2022 (-0.53 pp).
- Quarterly FCF Margin has moved between 7.24% (fiscal Q2 2026) and 40.61% (fiscal Q3 2022) over five years.
- Compared with a year earlier, FCF Margin has declined for four straight quarters, with an average year-over-year change of -5.71 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was fiscal Q2 2024 (a gain of 5.41 percentage points); the worst was fiscal Q1 2027 (a drop of 12.85 percentage points).
- Per Business Quant data, MSFT's FCF Margin in the three fiscal quarters before Q1 2027 was 21.82% (Q4 2026), 19.07% (Q3 2026) and 7.24% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 20.19% |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 21.59% |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | -12.64% |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | 9.71% |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | 1,357.29% |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | 58.85% |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | -223.03% |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | 36.66% |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 35.46% |
| 10 | Akamai Technologies | 11.38 Bn | 4.78 Bn | 613.75 Mn | 16.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.19% |
| 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% |
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();