Microsoft Corporation (MSFT) financial statements: income statement, balance sheet and cash flow
Microsoft Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 30, 2026 · FY), Microsoft Corporation reported revenue of $331.8B (+17.8% year on year) and net income of $133.7B (+31.3% year on year).
Income statement
Microsoft Corporation income statement, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Revenue
$331.8B
$281.7B
$245.1B
$211.9B
Cost of revenue
$106.4B
$87.8B
$74.1B
$65.9B
Gross margin
$225.5B
$193.9B
$171.0B
$146.1B
Research and development
$35.6B
$32.5B
$29.5B
$27.2B
Sales and marketing
$26.7B
$25.7B
$24.5B
$22.8B
General and administrative
$8.0B
$7.2B
$7.6B
$7.6B
Operating income
$155.2B
$128.5B
$109.4B
$88.5B
Other income (expense), net
$10.7B
($4.9B)
($1.6B)
$788.0M
Income before income taxes
$165.9B
$123.6B
$107.8B
$89.3B
Provision for income taxes
$32.2B
$21.8B
$19.7B
$16.9B
Net income
$133.7B
$101.8B
$88.1B
$72.4B
Basic
$18.00
$13.70
$11.86
$9.72
Diluted
$17.95
$13.64
$11.80
$9.68
Basic
7.4B
7.4B
7.4B
7.4B
Diluted
7.5B
7.5B
7.5B
7.5B
Microsoft Corporation income statement, quarters
Line item
Mar 31, 2026 · Q3
Dec 31, 2025 · Q2
Sep 30, 2025 · Q1
Mar 31, 2025 · Q3
Revenue
$82.9B
$81.3B
$77.7B
$70.1B
Cost of revenue
$26.8B
$26.0B
$24.0B
$21.9B
Gross margin
$56.1B
$55.3B
$53.6B
$48.1B
Research and development
$8.9B
$8.5B
$8.1B
$8.2B
Sales and marketing
$6.8B
$6.6B
$5.7B
$6.2B
General and administrative
$1.9B
$1.9B
$1.8B
$1.7B
Operating income
$38.4B
$38.3B
$38.0B
$32.0B
Other income (expense), net
$942.0M
$10.0B
($3.7B)
($623.0M)
Income before income taxes
$39.3B
$48.2B
$34.3B
$31.4B
Provision for income taxes
$7.6B
$9.8B
$6.6B
$5.6B
Net income
$31.8B
$38.5B
$27.7B
$25.8B
Basic
$4.28
$5.18
$3.73
$3.47
Diluted
$4.27
$5.16
$3.72
$3.46
Basic
7.4B
7.4B
7.4B
7.4B
Diluted
7.4B
7.5B
7.5B
7.5B
Balance sheet
Microsoft Corporation balance sheet, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Cash and cash equivalents
$20.9B
$30.2B
$18.3B
$34.7B
Short-term investments
$55.9B
$64.3B
$57.2B
$76.6B
Total cash, cash equivalents, and short-term investments
$76.8B
$94.6B
$75.5B
$111.3B
Accounts receivable, net of allowance for doubtful accounts of $1,040 and $944
$80.9B
$69.9B
$56.9B
$48.7B
Inventories
$1.4B
$938.0M
$1.2B
$2.5B
Other current assets
$48.6B
$25.7B
$26.0B
$21.8B
Total current assets
$207.7B
$191.1B
$159.7B
$184.3B
Property and equipment, net of accumulated depreciation of $118,691 and $93,653
$313.1B
$205.0B
$135.6B
$95.6B
Operating lease right-of-use assets
$24.2B
$24.8B
$19.0B
$14.3B
Equity and other investments
$36.3B
$15.4B
$14.6B
$9.9B
Goodwill
$119.7B
$119.5B
$119.2B
$67.9B
Intangible assets, net
$18.6B
$22.6B
$27.6B
$9.4B
Other long-term assets
$38.8B
$40.6B
$36.5B
$30.6B
Total assets
$758.4B
$619.0B
$512.2B
$412.0B
Accounts payable
$42.4B
$27.7B
$22.0B
$18.1B
Current portion of long-term debt
$9.2B
$3.0B
$2.2B
$5.2B
Accrued compensation
$14.9B
$13.7B
$12.6B
$11.0B
Short-term income taxes
$2.5B
$7.2B
$5.0B
$4.2B
Short-term unearned revenue
$73.0B
$64.6B
$57.6B
$50.9B
Other current liabilities
$26.7B
$25.0B
$19.2B
$14.7B
Total current liabilities
$168.8B
$141.2B
$125.3B
$104.1B
Long-term debt
$31.1B
$40.2B
$42.7B
$42.0B
Long-term income taxes
$28.6B
$26.0B
$27.9B
$25.6B
Long-term unearned revenue
$2.7B
$2.7B
$2.6B
$2.9B
Deferred income taxes
$3.1B
$2.8B
$2.6B
$433.0M
Operating lease liabilities
$16.5B
$17.4B
$15.5B
$12.7B
Other long-term liabilities
$65.1B
$45.2B
$27.1B
$18.0B
Total liabilities
$316.0B
$275.5B
$243.7B
$205.8B
Common stock and paid-in capital - shares authorized 24,000; outstanding 7,427 and 7,434
117.4B
109.1B
100.9B
93.7B
Retained earnings
$328.3B
$237.7B
$173.1B
$118.8B
Accumulated other comprehensive loss
($3.3B)
($3.3B)
($5.6B)
($6.3B)
Total stockholders’ equity
$442.4B
$343.5B
$268.5B
$206.2B
Total liabilities and stockholders’ equity
$758.4B
$619.0B
$512.2B
$412.0B
Microsoft Corporation balance sheet, quarters
Line item
Mar 31, 2026
Dec 31, 2025
Sep 30, 2025
Mar 31, 2025
Cash and cash equivalents
$32.1B
$24.3B
$28.8B
$28.8B
Short-term investments
$46.2B
$65.2B
$73.2B
$50.8B
Total cash, cash equivalents, and short-term investments
$78.3B
$89.5B
$102.0B
$79.6B
Accounts receivable, net of allowance for doubtful accounts of $794 and $944
$60.0B
$56.5B
$52.9B
$51.7B
Inventories
$1.2B
$1.1B
$1.1B
$848.0M
Other current assets
$35.8B
$33.1B
$33.0B
$24.5B
Total current assets
$175.3B
$180.2B
$189.1B
$156.6B
Property and equipment, net of accumulated depreciation of $111,723 and $93,653
$283.2B
$261.1B
$230.9B
$183.9B
Operating lease right-of-use assets
$24.4B
$25.1B
$24.8B
$24.5B
Equity and other investments
$33.7B
$21.2B
$11.5B
$16.0B
Goodwill
$119.7B
$119.6B
$119.5B
$119.3B
Intangible assets, net
$19.3B
$20.3B
$21.2B
$24.0B
Other long-term assets
$38.6B
$37.8B
$39.4B
$38.2B
Total assets
$694.2B
$665.3B
$636.4B
$562.6B
Accounts payable
$37.5B
$37.3B
$32.6B
$26.3B
Current portion of long-term debt
$8.8B
$4.8B
$7.8B
$3.0B
Accrued compensation
$11.3B
$10.1B
$9.2B
$10.6B
Short-term income taxes
$3.6B
$2.0B
$3.7B
$6.8B
Short-term unearned revenue
$50.9B
$51.4B
$59.0B
$44.6B
Other current liabilities
$24.6B
$24.3B
$22.7B
$22.9B
Total current liabilities
$136.7B
$130.0B
$135.0B
$114.2B
Long-term debt
$31.4B
$35.4B
$35.4B
$39.9B
Long-term income taxes
$27.9B
$27.3B
$26.6B
$25.1B
Long-term unearned revenue
$2.8B
$2.7B
$2.5B
$2.8B
Deferred income taxes
$2.9B
$2.9B
$2.9B
$2.5B
Operating lease liabilities
$16.7B
$17.3B
$17.3B
$17.7B
Other long-term liabilities
$61.5B
$58.9B
$53.6B
$38.5B
Total liabilities
$279.9B
$274.4B
$273.3B
$240.7B
Common stock and paid-in capital - shares authorized 24,000; outstanding 7,429 and 7,434
115.1B
112.8B
111.0B
107.0B
Retained earnings
$302.5B
$280.8B
$254.9B
$219.8B
Accumulated other comprehensive loss
($3.2B)
($2.7B)
($2.8B)
($4.8B)
Total stockholders’ equity
$414.4B
$390.9B
$363.1B
$321.9B
Total liabilities and stockholders’ equity
$694.2B
$665.3B
$636.4B
$562.6B
Cash flow statement
Microsoft Corporation cash flow statement, fiscal years
Line item
Jun 30, 2026 · FY
Jun 30, 2025 · FY
Jun 30, 2024 · FY
Jun 30, 2023 · FY
Net income
$133.7B
$101.8B
$88.1B
$72.4B
Depreciation, amortization, and other
$38.5B
$34.2B
$22.3B
$13.9B
Stock-based compensation expense
$12.4B
$12.0B
$10.7B
$9.6B
Net recognized losses (gains) on investments and derivatives
($11.0B)
$609.0M
$305.0M
$196.0M
Deferred income taxes
$14.2B
($7.1B)
($4.7B)
($6.1B)
Accounts receivable
($12.7B)
($10.6B)
($7.2B)
($4.1B)
Inventories
($461.0M)
$309.0M
$1.3B
$1.2B
Other current assets
($2.6B)
($3.0B)
($1.6B)
($2.0B)
Other long-term assets
($4.0B)
($3.0B)
($6.8B)
($2.8B)
Accounts payable
$5.3B
$569.0M
$3.5B
($2.7B)
Unearned revenue
$9.4B
$5.4B
$5.3B
$5.5B
Income taxes
($1.9B)
($38.0M)
$1.7B
($358.0M)
Other current liabilities
$6.8B
$5.9B
$4.9B
$2.3B
Other long-term liabilities
($4.7B)
($975.0M)
$749.0M
$553.0M
Net cash from operations
$182.9B
$136.2B
$118.5B
$87.6B
Proceeds from issuance (repayments) of debt, maturities of 90 days or less, net
$0
($5.7B)
$5.3B
—
Proceeds from issuance of debt
$0
$0
$24.4B
—
Repayments of debt
($3.0B)
($3.2B)
($29.1B)
($2.8B)
Common stock issued
$2.0B
$2.1B
$2.0B
$1.9B
Common stock repurchased
($22.3B)
($18.4B)
($17.3B)
($22.2B)
Common stock cash dividends paid
($26.4B)
($24.1B)
($21.8B)
($19.8B)
Other, net
($2.8B)
($2.3B)
($1.3B)
($1.0B)
Net cash used in financing
($52.5B)
($51.7B)
($37.8B)
($43.9B)
Additions to property and equipment
($115.9B)
($64.6B)
($44.5B)
($28.1B)
Acquisition of companies, net of cash acquired and divestitures, and purchases of intangible and other assets
($1.7B)
($6.0B)
($69.1B)
($1.7B)
Purchases of investments
($58.4B)
($29.8B)
($17.7B)
($37.7B)
Maturities of investments
$34.6B
$16.1B
$24.8B
$33.5B
Sales of investments
$21.8B
$9.3B
$10.9B
$14.4B
Other, net
($19.9B)
$2.3B
($1.3B)
($3.1B)
Net cash used in investing
($139.5B)
($72.6B)
($97.0B)
($22.7B)
Effect of foreign exchange rates on cash and cash equivalents
($196.0M)
$63.0M
($210.0M)
($194.0M)
Net change in cash and cash equivalents
($9.3B)
$11.9B
($16.4B)
$20.8B
Cash and cash equivalents, beginning of period
$30.2B
$18.3B
$34.7B
$13.9B
Cash and cash equivalents, end of period
$20.9B
$30.2B
$18.3B
$34.7B
Microsoft Corporation cash flow statement, quarters
Line item
Mar 31, 2026 · YTD
Dec 31, 2025 · YTD
Sep 30, 2025 · Q1
Mar 31, 2025 · YTD
Net income
$98.0B
$66.2B
$27.7B
$74.6B
Depreciation, amortization, and other
$27.5B
$17.3B
$13.1B
$22.9B
Stock-based compensation expense
$9.3B
$6.2B
$3.0B
$8.9B
Net recognized losses (gains) on investments and derivatives
($7.3B)
($6.0B)
($1.0B)
$553.0M
Deferred income taxes
$9.5B
$6.9B
$2.5B
($4.8B)
Accounts receivable
$8.3B
$13.1B
$16.5B
$5.6B
Inventories
($283.0M)
($122.0M)
($192.0M)
$390.0M
Other current assets
$215.0M
($543.0M)
($1.2B)
$642.0M
Other long-term assets
($2.6B)
($1.7B)
($394.0M)
($3.4B)
Accounts payable
$2.9B
$583.0M
($614.0M)
$1.2B
Unearned revenue
($13.1B)
($12.9B)
($5.4B)
($12.9B)
Income taxes
($1.6B)
($3.9B)
($2.9B)
($1.1B)
Other current liabilities
($166.0M)
($2.7B)
($5.5B)
$576.0M
Other long-term liabilities
($3.3B)
($1.7B)
($477.0M)
$292.0M
Net cash from operations
$127.5B
$80.8B
$45.1B
$93.5B
Repayments of debt, maturities of 90 days or less
$0
$0
$0
—
Repayments of debt
($3.0B)
($3.0B)
$0
($3.2B)
Common stock issued
$1.5B
$948.0M
$689.0M
$1.5B
Common stock repurchased
($17.7B)
($13.1B)
($5.7B)
($13.9B)
Common stock cash dividends paid
($19.7B)
($12.9B)
($6.2B)
($17.9B)
Other, net
($1.9B)
($1.4B)
($669.0M)
($1.6B)
Net cash used in financing
($40.8B)
($29.4B)
($11.8B)
($40.9B)
Additions to property and equipment
($80.1B)
($49.3B)
($19.4B)
($47.5B)
Acquisition of companies, net of cash acquired and divestitures, and purchases of intangible and other assets
($1.3B)
($1.0B)
($578.0M)
($4.2B)
Purchases of investments
($39.5B)
($27.5B)
($17.7B)
($8.1B)
Maturities of investments
$30.4B
$18.4B
$6.0B
$11.5B
Sales of investments
$15.3B
$9.0B
$3.3B
$6.7B
Other, net
($9.4B)
($6.8B)
($6.2B)
($325.0M)
Net cash used in investing
($84.7B)
($57.3B)
($34.6B)
($42.0B)
Effect of foreign exchange rates on cash and cash equivalents