Microsoft Corporation
NASDAQ: MSFT · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
Updated 2026-09-11
Microsoft Corporation (MSFT) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $63.17B | $72.79B | $77.89B | $86.11B | $108.70B | $121.27B | $142.43B | $172.38B | $174.47B | $193.69B | $241.09B | $258.85B | $286.56B | $301.31B | $333.78B | $364.84B | $411.98B | $512.16B | $619.00B | $758.38B |
| Cash & equivalents | $6.11B | $10.34B | $6.08B | $5.50B | $9.61B | $6.94B | $3.80B | $8.67B | $5.59B | $6.51B | $7.66B | $11.95B | $11.36B | $13.58B | $14.22B | $13.93B | $34.70B | $18.32B | $30.24B | $20.93B |
| Current assets | $40.17B | $43.24B | $49.28B | $55.68B | $74.92B | $85.08B | $101.47B | $114.25B | $122.80B | $139.66B | $159.85B | $169.66B | $175.55B | $181.91B | $184.41B | $169.68B | $184.26B | $159.73B | $191.13B | $207.71B |
| Total liabilities | $32.07B | $36.51B | $38.33B | $39.94B | $51.62B | $54.91B | $63.49B | $82.60B | $94.39B | $121.70B | $168.69B | $176.13B | $184.23B | $183.01B | $191.79B | $198.30B | $205.75B | $243.69B | $275.52B | $315.99B |
| Current liabilities | $23.75B | $29.89B | $27.03B | $26.15B | $28.77B | $32.69B | $37.42B | $45.63B | $49.65B | $59.36B | $64.53B | $58.49B | $69.42B | $72.31B | $88.66B | $95.08B | $104.15B | $125.29B | $141.22B | $168.82B |
| Long-term debt | — | — | $3.76B | $4.94B | $11.92B | $10.71B | $12.60B | $20.64B | $27.81B | $40.78B | $76.07B | $72.24B | $66.66B | $59.58B | $50.07B | $47.03B | $41.99B | $42.69B | $40.15B | $31.07B |
| Shareholder equity | $31.10B | $36.29B | $39.56B | $46.17B | $57.08B | $66.36B | $78.94B | $89.78B | $80.08B | $72.00B | $72.39B | $82.72B | $102.33B | $118.30B | $141.99B | $166.54B | $206.22B | $268.48B | $343.48B | $442.39B |
| Retained earnings | $-31.11B | $-27.70B | $-22.82B | $-16.68B | $-6.33B | $566.00M | $9.89B | $17.71B | $9.10B | $2.28B | $2.65B | $13.68B | $24.15B | $34.57B | $57.05B | $84.28B | $118.85B | $173.14B | $237.73B | $328.26B |
| Accounts receivable | $11.34B | $13.59B | $11.19B | $13.01B | $14.99B | $15.78B | $17.49B | $19.54B | $17.91B | $18.28B | $19.79B | $26.48B | $29.52B | $32.01B | $38.04B | $44.26B | $48.69B | $56.92B | $69.91B | $80.88B |
| Inventory | $1.13B | $985.00M | $717.00M | $740.00M | $1.37B | $1.14B | $1.94B | $2.66B | $2.90B | $2.25B | $2.18B | $2.66B | $2.06B | $1.90B | $2.64B | $3.74B | $2.50B | $1.25B | $938.00M | $1.40B |
| Goodwill | $4.76B | $12.11B | $12.50B | $12.39B | $12.58B | $13.45B | $14.65B | $20.13B | $16.94B | $17.87B | $35.12B | $35.68B | $42.03B | $43.35B | $49.71B | $67.52B | $67.89B | $119.22B | $119.51B | $119.65B |
Frequently asked questions
What is Microsoft Corporation's revenue?
Microsoft Corporation's trailing twelve-month revenue is $331.84B, and consensus projects about $671.00B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MSFT?
In its most recent fiscal year, MSFT ran a gross margin of 67.94%, an operating margin of 46.78%, and a net margin of 40.31%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MSFT generate?
MSFT produced $66.99B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MSFT's balance sheet healthy?
MSFT holds $20.93B in cash and equivalents against $31.07B in long-term debt, on $442.39B of shareholder equity. That debt is best read against the cash flow the business throws off each year.