Microsoft (MSFT) Free Cash Flow (2009 - 2026)
Microsoft's (MSFT) quarterly Free Cash Flow came in at $19.6 billion in Q2 2026, down 23.19% year-over-year from $25.6 billion in Q2 2025, and up 24.27% quarter-over-quarter from $15.8 billion in Q1 2026.
Powered by 
Analysis
Microsoft (MSFT) Free Cash Flow (2009 - 2026) Analysis & Trends
Microsoft has disclosed Free Cash Flow across 18 years of filings, most recently posting $19.6 billion for Q2 2026.
- In Q2 2026, Free Cash Flow fell 23.19% year-over-year to $19.6 billion; the TTM figure through Jun 2026 stood at $67.0 billion (down 6.46% YoY), while the FY2026 annual figure was $67.0 billion, down 6.46% from the prior year.
- Free Cash Flow came in at $19.6 billion for Q2 2026 at Microsoft, up from $15.8 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $25.7 billion in Q3 2025 to a low of $4.9 billion in Q4 2022.
- Average Free Cash Flow over 5 years is $17.2 billion, with a median of $19.4 billion recorded in 2024.
- Year-over-year, Free Cash Flow sank 43.13% in 2022 and jumped 86.12% in 2023.
- Over 5 years, Free Cash Flow stood at $4.9 billion in 2022, then soared by 86.12% to $9.1 billion in 2023, then dropped by 28.86% to $6.5 billion in 2024, then retreated by 9.33% to $5.9 billion in 2025, then jumped by 233.88% to $19.6 billion in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $19.6 billion in Q2 2026, $15.8 billion in Q1 2026, and $5.9 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 19.64 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 2.37 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | 67.60 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | -511.00 Mn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | 7.90 Bn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | -5.74 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 212.80 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 277.57 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 181.34 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 76.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.64 Bn |
| Mar 31, 2026 | 15.80 Bn |
| Dec 31, 2025 | 5.88 Bn |
| Sep 30, 2025 | 25.66 Bn |
| Jun 30, 2025 | 25.57 Bn |
| Mar 31, 2025 | 20.30 Bn |
| Dec 31, 2024 | 6.49 Bn |
| Sep 30, 2024 | 19.26 Bn |
| Jun 30, 2024 | 23.32 Bn |
| Mar 31, 2024 | 20.97 Bn |
| Dec 31, 2023 | 9.12 Bn |
| Sep 30, 2023 | 20.67 Bn |
| Jun 30, 2023 | 19.83 Bn |
| Mar 31, 2023 | 17.83 Bn |
| Dec 31, 2022 | 4.90 Bn |
| Sep 30, 2022 | 16.92 Bn |
| Jun 30, 2022 | 17.76 Bn |
| Mar 31, 2022 | 20.05 Bn |
| Dec 31, 2021 | 8.62 Bn |
| Sep 30, 2021 | 18.73 Bn |
API Access
Microsoft Free Cash Flow 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=free-cash-flow&ticker=MSFT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=MSFT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();