MSFT financial statements

The full income statement, balance sheet, and cash-flow statement for Microsoft Corporation (MSFT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 7.43B2024-09 7.43B2024-12 7.43B2025-03 7.43B2025-06 7.43B2025-09 7.43B2025-12 7.43B2026-03 7.43B2026-06 7.43B-0.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofJun 30 ’26	as ofJun 30 ’25	as ofJun 30 ’24	as ofJun 30 ’23	as ofJun 30 ’22
Revenue	332B YoY+17.8%	282B YoY+14.9%	245B YoY+15.7%	212B YoY+6.9%	198B YoY+18.0%
	225B YoY+16.3%	194B YoY+13.4%	171B YoY+17.1%	146B YoY+7.7%	136B YoY+17.1%
Cost of revenue	106B YoY+21.1%	87.8B YoY+18.5%	74.1B YoY+12.5%	65.9B YoY+5.1%	62.6B YoY+19.9%
	70.2B YoY+7.4%	65.4B YoY+6.2%	61.6B YoY+7.0%	57.5B	—
Research & development	35.6B YoY+9.5%	32.5B YoY+10.1%	29.5B YoY+8.5%	27.2B YoY+10.9%	24.5B YoY+18.3%
Selling, general & administrative	7.96B YoY+10.1%	7.22B YoY-5.1%	7.61B YoY+0.4%	7.58B YoY+28.4%	5.90B YoY+15.5%
General & administrative	7.96B YoY+10.1%	7.22B YoY-5.1%	7.61B YoY+0.4%	7.58B YoY+28.4%	5.90B YoY+15.5%
Selling & marketing	26.7B YoY+4.1%	25.7B YoY+4.9%	24.5B YoY+7.5%	22.8B YoY+4.3%	21.8B YoY+8.5%
Amortization of intangibles	4.70B YoY-21.7%	6.00B YoY+25.0%	4.80B YoY+92.0%	2.50B YoY+25.0%	2.00B YoY+25.0%
Operating income	155B YoY+20.8%	129B YoY+17.4%	109B YoY+23.6%	88.5B YoY+6.2%	83.4B YoY+19.3%
Interest expense	3.05B YoY+27.9%	2.38B YoY-18.7%	2.94B YoY+49.1%	1.97B YoY-4.6%	2.06B YoY-12.1%
Other non-operating income	4.72B YoY+199.9%	-4.72B YoY-258.2%	-1.32B YoY-491.5%	-223M YoY-596.9%	-32.0M YoY-132.7%
Gain (loss) on equity securities	4.39B YoY+719.2%	536M YoY+267.1%	146M YoY-51.8%	303M YoY-40.5%	509M YoY-51.8%
Pre-tax income	166B YoY+34.2%	124B YoY+14.7%	108B YoY+20.7%	89.3B YoY+6.7%	83.7B YoY+17.7%
Income tax	32.2B YoY+47.7%	21.8B YoY+10.9%	19.7B YoY+15.9%	16.9B YoY+54.4%	11.0B YoY+11.7%
Net income	134B YoY+31.3%	102B YoY+15.5%	88.1B YoY+21.8%	72.4B YoY-0.5%	72.7B YoY+18.7%
	$17.95 YoY+31.6%	$13.64 YoY+15.6%	$11.80 YoY+21.9%	$9.68 YoY+0.3%	$9.65 YoY+19.9%
EPS (basic)	$18.00 YoY+31.4%	$13.70 YoY+15.5%	$11.86 YoY+22.0%	$9.72 YoY+0.2%	$9.70 YoY+19.5%
	7.43B YoY-0.1%	7.43B YoY+0.0%	7.43B YoY-0.2%	7.45B YoY-0.7%	7.50B YoY-0.7%
	7.45B YoY-0.2%	7.46B YoY-0.1%	7.47B YoY-0.0%	7.47B YoY-0.9%	7.54B YoY-0.9%
Dividends per share	$3.64 YoY+9.6%	$3.32 YoY+10.7%	$3.00 YoY+10.3%	$2.72 YoY+9.7%	$2.48 YoY+10.7%
Balance Sheet	as ofJun 30 ’26	as ofJun 30 ’25	as ofJun 30 ’24	as ofJun 30 ’23	as ofJun 30 ’22
	208B YoY+8.7%	191B YoY+19.7%	160B YoY-13.3%	184B YoY+8.6%	170B YoY-8.0%
Cash & equivalents	20.9B YoY-30.8%	30.2B YoY+65.1%	18.3B YoY-47.2%	34.7B YoY+149.1%	13.9B YoY-2.1%
Short-term investments	55.9B YoY-13.1%	64.3B YoY+12.4%	57.2B YoY-25.2%	76.6B YoY-15.7%	90.8B YoY-21.8%
Cash & short-term investments	76.8B YoY-18.7%	94.6B YoY+25.2%	75.5B YoY-32.1%	111B YoY+6.2%	105B YoY-19.6%
Accounts receivable	80.9B YoY+15.7%	69.9B YoY+22.8%	56.9B YoY+16.9%	48.7B YoY+10.0%	44.3B YoY+16.3%
Inventory	1.40B YoY+48.9%	938M YoY-24.7%	1.25B YoY-50.2%	2.50B YoY-33.2%	3.74B YoY+42.0%
Other current assets	48.6B YoY+88.9%	25.7B YoY-1.1%	26.0B YoY+19.3%	21.8B YoY+28.9%	16.9B YoY+26.4%
	758B YoY+22.5%	619B YoY+20.9%	512B YoY+24.3%	412B YoY+12.9%	365B YoY+9.3%
Property, plant & equipment	313B YoY+52.7%	205B YoY+51.2%	136B YoY+41.8%	95.6B YoY+28.6%	74.4B YoY+24.6%
Operating lease right-of-use	24.2B YoY-2.6%	24.8B YoY+30.9%	19.0B YoY+32.2%	14.3B YoY+9.1%	13.1B YoY+18.6%
Goodwill	120B YoY+0.1%	120B YoY+0.2%	119B YoY+75.6%	67.9B YoY+0.5%	67.5B YoY+35.8%
Intangible assets	18.6B YoY-17.7%	22.6B YoY-18.1%	27.6B YoY+194.7%	9.37B YoY-17.1%	11.3B YoY+44.8%
Long-term investments	36.3B YoY+135.9%	15.4B YoY+5.5%	14.6B YoY+47.8%	9.88B YoY+43.4%	6.89B YoY+15.2%
Other non-current assets	38.8B YoY-4.3%	40.6B YoY+11.3%	36.5B YoY+19.1%	30.6B YoY+39.7%	21.9B YoY+45.3%
	169B YoY+19.5%	141B YoY+12.7%	125B YoY+20.3%	104B YoY+9.5%	95.1B YoY+7.2%
Accounts payable	42.4B YoY+53.0%	27.7B YoY+26.0%	22.0B YoY+21.6%	18.1B YoY-4.8%	19.0B YoY+25.3%
Deferred revenue	73.0B YoY+13.0%	64.6B YoY+12.1%	57.6B YoY+13.1%	50.9B YoY+11.8%	45.5B YoY+9.7%
Short-term & current debt	9.23B YoY+207.7%	3.00B YoY+33.3%	2.25B YoY-57.1%	5.25B YoY+90.9%	2.75B YoY-65.9%
Other current liabilities	26.7B YoY+6.9%	25.0B YoY+30.4%	19.2B YoY+30.1%	14.7B YoY+12.8%	13.1B YoY+12.0%
	316B YoY+14.7%	276B YoY+13.1%	244B YoY+18.4%	206B YoY+3.8%	198B YoY+3.4%
Long-term debt	31.1B YoY-22.6%	40.2B YoY-5.9%	42.7B YoY+1.7%	42.0B YoY-10.7%	47.0B YoY-6.1%
Deferred revenue (non-current)	2.75B YoY+1.4%	2.71B YoY+4.2%	2.60B YoY-10.6%	2.91B YoY+1.5%	2.87B YoY+9.7%
Non-current lease liability	16.5B YoY-5.2%	17.4B YoY+12.5%	15.5B YoY+21.8%	12.7B YoY+10.8%	11.5B YoY+19.3%
Operating lease liability (total)	21.9B YoY-4.1%	22.9B YoY+19.8%	19.1B YoY+26.0%	15.1B YoY+10.4%	13.7B YoY+18.3%
Finance lease liability (total)	66.6B YoY+44.2%	46.2B YoY+70.1%	27.1B YoY+59.0%	17.1B YoY+14.5%	14.9B YoY+18.8%
Deferred tax liabilities	3.05B YoY+7.7%	2.83B YoY+8.3%	2.62B YoY+504.6%	433M YoY+88.3%	230M YoY+16.2%
Other non-current liabilities	65.1B YoY+44.1%	45.2B YoY+67.0%	27.1B YoY+50.5%	18.0B YoY+15.8%	15.5B YoY+15.6%
	442B YoY+28.8%	343B YoY+27.9%	268B YoY+30.2%	206B YoY+23.8%	167B YoY+17.3%
Retained earnings	328B YoY+38.1%	238B YoY+37.3%	173B YoY+45.7%	119B YoY+41.0%	84.3B YoY+47.7%
Accumulated other comprehensive income	-3.28B YoY+1.9%	-3.35B YoY+40.1%	-5.59B YoY+11.9%	-6.34B YoY-35.6%	-4.68B YoY-356.8%
Total liabilities & equity	758B YoY+22.5%	619B YoY+20.9%	512B YoY+24.3%	412B YoY+12.9%	365B YoY+9.3%
	7.43B YoY-0.1%	7.43B	—	—	—
	7.43B YoY-0.1%	7.43B YoY+0.0%	7.43B YoY+0.0%	7.43B YoY-0.4%	7.46B YoY-0.7%
	7.43B YoY-0.1%	7.43B YoY+0.0%	7.43B YoY+0.0%	7.43B YoY-0.4%	7.46B YoY-0.8%
Cash Flow	as ofJun 30 ’26	as ofJun 30 ’25	as ofJun 30 ’24	as ofJun 30 ’23	as ofJun 30 ’22
	183B YoY+34.4%	136B YoY+14.9%	119B YoY+35.4%	87.6B YoY-1.6%	89.0B YoY+16.0%
Depreciation & amortization	39.0B YoY+39.3%	28.0B YoY+40.0%	20.0B YoY+48.1%	13.5B YoY-7.5%	14.6B YoY+33.9%
Intangible amortization	4.70B YoY-21.7%	6.00B YoY+25.0%	4.80B YoY+92.0%	2.50B YoY+25.0%	2.00B YoY+25.0%
Share-based compensation	12.4B YoY+3.6%	12.0B YoY+11.6%	10.7B YoY+11.7%	9.61B YoY+28.1%	7.50B YoY+22.6%
Deferred income taxes	14.4B YoY+304.4%	-7.06B YoY-48.9%	-4.74B YoY+21.8%	-6.06B YoY-6.3%	-5.70B YoY-3701.3%
Change in receivables	12.7B YoY+20.4%	10.6B YoY+47.1%	7.19B YoY+75.9%	4.09B YoY-40.2%	6.83B YoY+5.4%
Change in inventory	461M YoY+249.2%	-309M YoY+75.9%	-1.28B YoY-3.4%	-1.24B YoY-210.6%	1.12B YoY+52.4%
Change in payables	5.27B YoY+825.8%	569M YoY-83.9%	3.54B YoY+230.3%	-2.72B YoY-192.5%	2.94B YoY+5.2%
	-140B YoY-92.2%	-72.6B YoY+25.1%	-97.0B YoY-327.6%	-22.7B YoY+25.2%	-30.3B YoY-9.9%
Capital expenditure	116B YoY+79.6%	64.6B YoY+45.1%	44.5B YoY+58.2%	28.1B YoY+17.7%	23.9B YoY+15.8%
Free cash flow	67.0B YoY-6.5%	71.6B YoY-3.3%	74.1B YoY+24.5%	59.5B YoY-8.7%	65.1B YoY+16.1%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Purchases of investments	58.4B YoY+96.0%	29.8B YoY+67.9%	17.7B YoY-52.9%	37.7B YoY+42.3%	26.5B YoY-58.0%
Sales/maturities of investments	34.6B YoY+115.2%	16.1B YoY-35.1%	24.8B YoY-26.1%	33.5B YoY+103.7%	16.5B YoY-68.2%
Other investing activities	19.9B YoY+957.2%	-2.32B YoY-278.5%	1.30B YoY-58.3%	3.12B YoY+10.3%	2.83B YoY+206.4%
	-52.5B YoY-1.6%	-51.7B YoY-36.9%	-37.8B YoY+14.1%	-43.9B YoY+25.4%	-58.9B YoY-21.4%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	2.01B YoY-2.3%	2.06B YoY+2.7%	2.00B YoY+7.3%	1.87B YoY+1.4%	1.84B YoY+8.7%
Common stock repurchased	22.3B YoY+20.9%	18.4B YoY+6.8%	17.3B YoY-22.4%	22.2B YoY-32.0%	32.7B YoY+19.4%
Dividends paid	26.4B YoY+9.8%	24.1B YoY+10.6%	21.8B YoY+10.0%	19.8B YoY+9.2%	18.1B YoY+9.8%
Other financing activities	-2.84B YoY-23.9%	-2.29B YoY-75.0%	-1.31B YoY-30.1%	-1.01B YoY-16.6%	-863M YoY-12.2%
Net change in cash	-9.31B YoY-178.0%	11.9B YoY+172.8%	-16.4B YoY-178.9%	20.8B YoY+7189.8%	-293M YoY-145.2%
Interest paid	1.50B YoY-6.3%	1.60B YoY-5.9%	1.70B YoY+0.0%	1.70B YoY-10.5%	1.90B YoY-5.0%
Income taxes paid	21.2B YoY-26.2%	28.7B YoY+22.6%	23.4B YoY+1.3%	23.1B YoY+44.4%	16.0B YoY+19.4%
Valuation Ratios	as ofJun 30 ’26	as ofJun 30 ’25	as ofJun 30 ’24	as ofJun 30 ’23	as ofJun 30 ’22
Market cap	2.75T YoY-25.5%	3.70T YoY+11.3%	3.32T YoY+31.3%	2.53T YoY+32.1%	1.92T YoY-5.9%
P/E	20.6× YoY-43.3%	36.3× YoY-5.8%	38.5× YoY+10.2%	35.0× YoY+32.8%	26.3× YoY-20.7%
P/S	8.3× YoY-36.8%	13.1× YoY-6.5%	14.0× YoY+17.6%	11.9× YoY+23.6%	9.7× YoY-20.2%
P/B	6.2× YoY-42.2%	10.8× YoY-18.0%	13.1× YoY+7.0%	12.3× YoY+6.7%	11.5× YoY-19.8%
P/FCF	41.1× YoY-20.4%	51.6× YoY+9.7%	47.1× YoY+10.6%	42.5× YoY+44.7%	29.4× YoY-19.0%
	4.9% YoY+76.3%	2.8% YoY+6.2%	2.6% YoY-9.3%	2.9% YoY-24.7%	3.8% YoY+26.2%
	2.4% YoY+25.6%	1.9% YoY-8.8%	2.1% YoY-9.6%	2.4% YoY-30.9%	3.4% YoY+23.4%
	0.98% YoY+47.0%	0.67% YoY-0.6%	0.67% YoY-16.0%	0.80% YoY-17.3%	0.97% YoY+16.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: MSFT's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MSFT filings on SEC EDGAR → Not investment advice.