What is Microsoft's operating cash flow?

Microsoft (MSFT) reported operating cash flow of $46.68B in Q1 2026.

How has Microsoft's operating cash flow changed year-over-year?

Microsoft's operating cash flow increased by 26.0% year-over-year, from $37.04B to $46.68B.

What is the long-term trend for Microsoft's operating cash flow?

Over 4 years (2021 to 2025), Microsoft's operating cash flow has grown at a 15.4% compound annual growth rate (CAGR), from $76.74B to $136.16B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

Microsoft MSFT Operating Cash Flow

Operating Cash Flow at other companies

International Business MachinesIBM

$5.17B+18.3%

AppleAAPL

$28.7B+19.8%

Electronic ArtsEA

$580M+5.6%

PTCPTC

$320.92M+14.1%

Take-Two Interactive SoftwareTTWO

$235.4M—

AmazonAMZN

$26.03B+53.0%

Other financials

Income statement

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Revenue$82.9B+18.3%

Gross profit$56.1B+16.4%

Operating income$38.4B+20.0%

Net income$31.8B+23.1%

EPS (diluted)$4.27+23.4%

Balance sheet

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Cash & equivalents$32.1B+11.4%

Total debt$125.43B+19.4%

Total equity$414.37B+28.7%

Total assets$694.23B+23.4%

Cash flow

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CapEx$30.9B+84.4%

Free cash flow$15.8B-22.1%

Valuation

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Market cap$2.62T-26.1%

Enterprise value$2.71T-25.1%

P/E20.9×-15.8×

P/S8.2×-4.9×

Profitability

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Gross margin68.3%-0.8pp

Operating margin46.8%+1.6pp

Net margin39.3%+3.6pp

FCF margin22.9%-2.8pp

Returns & leverage

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Return on equity34%+0.4pp

Debt / equity0.3×0.0×

Current ratio1.3×-0.1×

Where this comes from

Reported directly by Microsoft in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

The official record: Microsoft’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Microsoft's operating cash flow?: Microsoft (MSFT) reported operating cash flow of $46.68B in Q1 2026.
How has Microsoft's operating cash flow changed year-over-year?: Microsoft's operating cash flow increased by 26.0% year-over-year, from $37.04B to $46.68B.
What is the long-term trend for Microsoft's operating cash flow?: Over 4 years (2021 to 2025), Microsoft's operating cash flow has grown at a 15.4% compound annual growth rate (CAGR), from $76.74B to $136.16B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.