Microsoft (MSFT) Free Cash Flow (2009 - 2026)
Microsoft (MSFT) posted Free Cash Flow of $18.63 billion for fiscal Q1 2027 (quarter ended Sep 30, 2026), down 27.4% from $25.66 billion a year earlier and down 5.1% from the prior quarter.
Powered by 
Analysis
Microsoft (MSFT) Free Cash Flow (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Free Cash Flow at Microsoft was $59.96 billion, down 23.1% year-over-year; for FY2026 (ended Jun 30, 2026), it was $66.99 billion, down 6.5% from FY2025.
- Annual Free Cash Flow shows a five-year compound annual growth rate of 3.6% (FY2021 to FY2026).
- In prior fiscal years, Microsoft's Free Cash Flow was $71.61 billion in FY2025 (-3.3%), $74.07 billion in FY2024 (+24.5%), $59.48 billion in FY2023 (-8.7%) and $65.15 billion in FY2022 (+16.1%).
- Quarterly Free Cash Flow has run from a low of $4.9 billion in fiscal Q2 2023 to a high of $25.66 billion in fiscal Q1 2026 over five years.
- On a year-over-year basis, Free Cash Flow has declined in each of the last four quarters, with an average decline of 8.9% over the last eight quarters.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was fiscal Q2 2024, with growth of 86.1%; the weakest was fiscal Q2 2023, with a decline of 43.1%.
- According to Business Quant data, Free Cash Flow for the three prior fiscal quarters was $19.64 billion (Q4 2026), $15.8 billion (Q3 2026) and $5.88 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 18.63 Bn |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 3.69 Bn |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | -325.00 Mn |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | 67.60 Mn |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | 7.90 Bn |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | 260.70 Mn |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | -5.74 Bn |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | 277.57 Mn |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 475.80 Mn |
| 10 | Akamai Technologies | 11.38 Bn | 4.78 Bn | 613.75 Mn | 181.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.63 Bn |
| 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 |
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();