Microsoft Corporation

MSFTNASDAQTechnology● Active

$416.67

$-11.38(-2.66%)

Market Cap$3.10T

P/E Ratio—

52W High$555.45

52W Low$356.28

Avg Volume34.6M

Open$428.34

Beta1.10

Free Cash Flow Financials Revenue

Microsoft Corporation (MSFT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MSFT · free cash flow · updated Jun 8, 2026

Core FCF metrics

MSFT · FCF · TTM · margin & CAGR

Free cash flow was $71.61B for FY2025 (fiscal year ending 2025-06-30), down 3.3% year-over-year The FCF margin was 25.4%. Five-year CAGR stands at +9.6%.

FY2025 Free Cash Flow$71.61B▼ -3.3% YoY

Trailing 12M (TTM)$72.92Btrailing 4 quarters sum

FCF Margin25.4%$71.61B ÷ revenue

3-Year CAGR+3.2%FY2022 → FY2025

5-Year CAGR+9.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MSFT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$136.16B(64.55B)$71.61B▼ 3.3%25.4%

FY2024$118.55B(44.48B)$74.07B▲ +24.5%30.2%

FY2023$87.58B(28.11B)$59.48B▼ 8.7%28.1%

FY2022$89.03B(23.89B)$65.15B▲ +16.1%32.9%

FY2021$76.74B(20.62B)$56.12B▲ +24.1%33.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MSFT · P/FCF · FCF yield · FCF per share

Microsoft Corporation (MSFT) trades at a FCF yield of 2.36% and a price-to-free-cash-flow ratio of 42.5x. FCF per share stands at $9.81, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.36%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.81

TTM FCF ÷ Shares Outstanding

Price / FCF

x42.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x42.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-06-30

Cash flow statement summary

MSFT · cash flow statement · operating / investing / financing

For FY2025, Microsoft Corporation generated $136.16B in operating cash flow and spent 64.55B in capital expenditures, yielding $71.61B in free cash flow.

Operating Activities

+$136.16B

Cash from core business operations

2025-06-30

Investing Activities

−$72.60B

CapEx, acquisitions & investments

2025-06-30

Financing Activities

−$51.70B

Buybacks, dividends & debt

2025-06-30

FCF FormulaOperating CF ($136.16B) − |CapEx| (64.55B) = FCF ($71.61B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

MSFT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Microsoft CorporationYOU

MSFT

$71.61B-3.3%25.4%

Taiwan Semiconductor Manufacturing Company Limited

Micron Technology, Inc.

$1.67B+1278.5%4.5%

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Microsoft Corporation (MSFT) reported free cash flow of $71.61B for FY2025 (fiscal year ending 2025-06-30), down 3.3% year-over-year. The FCF margin was 25.4%.

Based on available data, Microsoft Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $74.07B in FY2024. The 5-year CAGR stands at +9.6%.

Microsoft Corporation's FCF yield is 2.36% and price-to-FCF ratio is 42.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MSFT free cash flow · 8 questions

Microsoft Corporation free cash flow was $71.61B for FY2025, down 3.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $72.92B.

MSFT free cash flowMSFT FCFMSFT FCF 2025MSFT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Microsoft Corporation · Microsoft Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026