Microsoft Corporation

MSFT

Technology Software Infrastructure

Microsoft Corporation’s revenue for fiscal 2026 (year ended June 2026) was $331.8 billion, up 17.8% from fiscal 2025.

Revenue
+18.8%
EPS
+32.2%
Free cash flow
−27.4%
Total debt
−17.9%

Quarter to September 2026, against a year earlier

546.08 15.47 +2.92%
Market cap
$3.94T
P/E
28.4×
Fwd P/E
26.6×
Dividend yield
0.67%
F-score
6/9
ROIC
23.1%
Net debt / EBITDA
−0.2×
Dividend safety
93/100

Microsoft Corporation (MSFT) Free cash flow margin

Alert me on Free cash flow margin

Microsoft Corporation's free cash flow margin over the twelve months to 30 September 2026 was 17.3%, down 2.9 percentage points from fiscal 2026 (20.2%). Over the past ten years it has ranged from 20.2% (fiscal 2026) to 33.4% (fiscal 2021) — the current reading is the lowest in ten years. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 1.28%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 20.2% (5.23)
FY2025 25.4% (4.80)
FY2024 30.2% 2.15
FY2023 28.1% (4.79)
FY2022 32.9% (0.53)
FY2021 33.4% 1.76
FY2020 31.6% 1.23
FY2019 30.4% 1.18
FY2018 29.2% (3.27)
FY2017 32.5% 5.08

Against its own ten years

Low 20.2% High 33.4%
Ten-year median 29.7%
Current reading's percentile 8

Free cash flow margin against peers

Company Free cash flow margin
PLTR Palantir Technologies Inc. compare 55.6%
FTNT Fortinet, Inc. compare 43.5%
PANW Palo Alto Networks, Inc. compare 35.8%
SNPS Synopsys, Inc. compare 29.2%
CRWD CrowdStrike compare 28.0%
MSFT Microsoft Corporation 17.3%
XYZ Block, Inc. compare 13.5%
NET Cloudflare, Inc. compare 11.8%
ORCL Oracle Corporation compare −40.0%
Software Infrastructure industry median 0.00%
Technology sector median 1.28%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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