Income StatementBalance SheetCash FlowSegments
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Microsoft Cash Flow Statement

Operating, investing, and financing cash movements

Microsoft generated $170.14B in operating cash flow over the trailing twelve months. After $97.2B in capital expenditures, free cash flow was $72.9B. Free cash flow increased 0.1% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$170.14BNet Cash From Investing (TTM)-$115.2BNet Cash From Financing (TTM)-$51.6BCapital Expenditures (TTM)$97.2BDepreciation And Amortization Cf (TTM)$46.5BNet Change In Cash (TTM)$3.3B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$3.11T
P/E Ratio24.83
ROE34.01%

Investing

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Capital expenditures$15.8B$16.7B$17.1B$19.4B$29.9B$30.9B
Acquisitions Net Of Cash Acquired And Purchases Of Intangible And Other Assets$1.4B$981.0M$1.7B$578.0M$455.0M$258.0M
Payment for (Proceeds from) Other Investing Activity$16.0M-$604.0M-$2.6B$6.2B$637.0M$2.6B
Proceeds From Investments$2.6B$2.2B$2.6B$3.3B$5.7B$6.4B
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$2.6B$6.7B$4.6B$6.0B$12.4B$12.0B
Acquisitions and Purchases of Intangible Assets$1.4B$981.0M$1.7B$578.0M$455.0M$258.0M
Net cash from investing activities-$14.1B-$12.7B-$30.6B-$34.6B-$22.7B-$27.4B
Other investing activities$16.0M-$604.0M-$2.6B$6.2B$637.0M$2.6B
Proceeds from maturities/sales of investments$2.6B$6.7B$4.6B$6.0B$12.4B$12.0B
Purchases of investments$2.1B$4.5B$21.6B$17.7B$9.8B$12.0B

Operating

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Change in accounts payable$958.0M$1.2B—-$614.0M$1.2B$2.3B
Change in accounts receivable$6.0B$2.5B$16.2B-$16.5B$3.4B$4.7B
Change in deferred revenue-$6.3B-$1.0B$18.4B-$5.4B-$7.5B-$166.0M
Change in income taxes payable/receivable-$3.4B$1.3B—-$2.9B-$920.0M$2.3B
Change in inventories-$711.0M-$52.0M—$192.0M-$70.0M$161.0M
Change in other assets$1.1B$518.0M—$394.0M$1.3B$932.0M
Change in other current assets$353.0M-$1.1B$3.7B$1.2B-$619.0M-$758.0M
Change in other liabilities$716.0M-$391.0M-$1.3B-$477.0M-$1.2B-$1.6B
Deferred income taxes-$1.2B-$2.2B-$2.2B$2.5B$4.4B$2.6B
Depreciation and amortization$5.7B$7.7B$14.0B$13.1B$9.2B$10.2B
Net recognized gains on investments and derivatives-$2.1B-$708.0M—$1.0B$9.9B$1.3B
Change in other non-current liabilities$716.0M-$391.0M-$1.3B-$477.0M-$1.2B-$1.6B
Net cash from operating activities$22.3B$37.0B$42.6B$45.1B$35.8B$46.7B
Net income$24.1B$25.8B$27.2B$27.7B$38.5B$31.8B
Depreciation Amortization And Other$5.7B$7.7B$14.0B$13.1B$9.2B$10.2B
Gain Loss On Investments And Derivative Instruments-$2.1B-$708.0M—$1.0B$9.9B$1.3B
Increase (Decrease) in Other Current Assets$353.0M-$1.1B$3.7B$1.2B-$619.0M-$758.0M
Current liabilities$3.2B$2.8B$5.3B-$5.5B$2.8B$2.5B
Other long-term liabilities$716.0M-$391.0M-$1.3B-$477.0M-$1.2B-$1.6B
Stock-based compensation$3.1B$3.0B$3.1B$3.0B$3.2B$3.1B

Financing

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Repayments of debt$0.0$2.3B$0.0$0.0$3.0B$0.0
Dividends paid$6.2B$6.2B$6.2B$6.2B$6.8B$6.8B
Other, net-$343.0M-$382.0M-$677.0M-$669.0M-$699.0M-$509.0M
Repayments Of Debt Maturing In More Than Three Months$0.0$2.3B$0.0$0.0$3.0B$0.0
Repayments Of Short Term Debt Maturing In Three Months Or Less$0.0$0.0——$0.0$0.0
Payment of Deferred Purchase Consideration-$343.0M-$382.0M-$677.0M-$669.0M-$699.0M-$509.0M
Noncontrolling interest transactions and other-$343.0M-$382.0M-$677.0M-$669.0M-$699.0M-$509.0M
Net Repayments of Short-Term Debt (90 Days or Less)$0.0$0.0——$0.0$0.0
Net cash from financing activities-$11.2B-$13.0B-$10.8B-$11.8B-$17.6B-$11.4B
Other financing activities-$343.0M-$382.0M-$677.0M-$669.0M-$699.0M-$509.0M
Noncontrolling Interests Activity and Other-$343.0M-$382.0M-$677.0M-$669.0M-$699.0M-$509.0M
Proceeds from issuance of common stock$256.0M$546.0M$548.0M$689.0M$259.0M$541.0M
Repurchases of common stock$5.0B$4.8B$4.5B$5.7B$7.4B$4.6B

Free Cash Flow

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Free cash flow$6.5B$20.3B$25.6B$25.7B$5.9B$15.8B

Other

MetricQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Effect of exchange rate changes on cash-$294.0M$52.0M$183.0M-$92.0M$11.0M-$114.0M
Net increase (decrease) in cash-$3.4B$11.3B$1.4B-$1.4B-$4.6B$7.8B