{ "ticker": "MSFT", "cik": "0000789019", "company": "Microsoft Corporation", "business_type": "technology_software", "schema_note": "Standard tech/software template: revenue, cost of revenue, gross profit, operating income, net income, diluted EPS, diluted shares; cash+short-term investments, total debt, total assets, total equity; operating cash flow, capex, free cash flow, dividends paid. Segment revenue and operating income (Productivity and Business Processes / Intelligent Cloud / More Personal Computing) included for annual periods where cleanly presented on the face of the 10-K. Chosen because MSFT is a diversified software/cloud company with no bank/insurer/REIT characteristics.", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual dollars (not millions); share counts in actual shares; EPS and per-share figures in dollars per share", "units_notes_seen": { "FY2025 10-K income statement": "(In millions, except per share amounts) - Year Ended June 30", "FY2025 10-K comprehensive income statement": "(In millions)", "FY2025 10-K balance sheet": "(In millions) - June 30", "FY2025 10-K cash flows statement": "(In millions) - Year Ended June 30", "FY2025 10-K stockholders' equity statement": "(In millions, except per share amounts)", "FY2025 10-K segment information": "(In millions) - Year Ended June 30", "Q3 FY2026 10-Q income statement": "(In millions, except per share amounts) (Unaudited) - Three Months and Nine Months Ended March 31", "Q3 FY2026 10-Q balance sheet": "(In millions) (Unaudited) - March 31, 2026 and June 30, 2025", "Q3 FY2026 10-Q cash flows statement": "(In millions) (Unaudited) - Three Months and Nine Months Ended March 31" }, "adjustments": { "splits_applied": [], "splits_note": "reference.json lists no splits ('No Splits'); none applicable to the covered periods.", "adr_ratio": null, "fx": "None. MSFT reports in USD; no currency conversion performed." }, "definitions": { "total_debt": "short-term debt + current portion of long-term debt + long-term debt (as reported on the face of the balance sheet). Operating lease liabilities are NOT included.", "free_cash_flow": "net cash from operations minus additions to property and equipment (capex).", "diluted_shares": "weighted-average diluted shares outstanding for the period.", "cash": "cash and cash equivalents (a separate short_term_investments field is provided; total_cash_and_sti is their sum as reported)." }, "annual": [ { "fiscal_year": 2025, "period_end": "2025-06-30", "source_accession": "0000950170-25-100235", "source_form": "10-K", "income_statement": { "revenue": 281724000000, "cost_of_revenue": 87831000000, "gross_profit": 193893000000, "operating_income": 128528000000, "other_income_expense_net": -4901000000, "income_before_taxes": 123627000000, "income_tax_expense": 21795000000, "net_income": 101832000000, "diluted_eps": 13.64, "basic_eps": 13.7, "diluted_shares": 7465000000, "basic_shares": 7433000000 }, "balance_sheet": { "cash_and_equivalents": 30242000000, "short_term_investments": 64323000000, "total_cash_and_sti": 94565000000, "total_assets": 619003000000, "short_term_debt": 0, "current_portion_long_term_debt": 2999000000, "long_term_debt": 40152000000, "total_debt": 43151000000, "total_liabilities": 275524000000, "total_equity": 343479000000 }, "cash_flow": { "operating_cash_flow": 136162000000, "capex": 64551000000, "free_cash_flow": 71611000000, "dividends_paid": 24082000000, "share_repurchases": 18420000000, "dividends_declared_per_share": 3.32 }, "segments": { "Productivity and Business Processes": { "revenue": 120810000000, "operating_income": 69773000000 }, "Intelligent Cloud": { "revenue": 106265000000, "operating_income": 44589000000 }, "More Personal Computing": { "revenue": 54649000000, "operating_income": 14166000000 } } }, { "fiscal_year": 2024, "period_end": "2024-06-30", "source_accession": "0000950170-25-100235", "source_form": "10-K", "income_statement": { "revenue": 245122000000, "cost_of_revenue": 74114000000, "gross_profit": 171008000000, "operating_income": 109433000000, "other_income_expense_net": -1646000000, "income_before_taxes": 107787000000, "income_tax_expense": 19651000000, "net_income": 88136000000, "diluted_eps": 11.8, "basic_eps": 11.86, "diluted_shares": 7469000000, "basic_shares": 7431000000 }, "balance_sheet": { "cash_and_equivalents": 18315000000, "short_term_investments": 57228000000, "total_cash_and_sti": 75543000000, "total_assets": 512163000000, "short_term_debt": 6693000000, "current_portion_long_term_debt": 2249000000, "long_term_debt": 42688000000, "total_debt": 51630000000, "total_liabilities": 243686000000, "total_equity": 268477000000 }, "cash_flow": { "operating_cash_flow": 118548000000, "capex": 44477000000, "free_cash_flow": 74071000000, "dividends_paid": 21771000000, "share_repurchases": 17254000000, "dividends_declared_per_share": 3.0 }, "segments": { "Productivity and Business Processes": { "revenue": 106820000000, "operating_income": 59661000000 }, "Intelligent Cloud": { "revenue": 87464000000, "operating_income": 37813000000 }, "More Personal Computing": { "revenue": 50838000000, "operating_income": 11959000000 } } }, { "fiscal_year": 2023, "period_end": "2023-06-30", "source_accession": "0000950170-25-100235", "source_form": "10-K", "income_statement": { "revenue": 211915000000, "cost_of_revenue": 65863000000, "gross_profit": 146052000000, "operating_income": 88523000000, "other_income_expense_net": 788000000, "income_before_taxes": 89311000000, "income_tax_expense": 16950000000, "net_income": 72361000000, "diluted_eps": 9.68, "basic_eps": 9.72, "diluted_shares": 7472000000, "basic_shares": 7446000000 }, "balance_sheet": { "cash_and_equivalents": 34704000000, "total_equity": 206223000000, "note": "The FY2025 10-K balance sheet presents only FY2025 and FY2024 columns; FY2023 balance sheet is NOT on the face of this filing. total_equity (206,223M) is taken from the FY2025 10-K Stockholders' Equity Statement (end-of-period FY2023 balance); cash_and_equivalents (34,704M) is the end-of-period cash from the FY2025 10-K cash flow statement. Total assets, total debt, and total liabilities for FY2023 are not available from the downloaded filings." }, "cash_flow": { "operating_cash_flow": 87582000000, "capex": 28107000000, "free_cash_flow": 59475000000, "dividends_paid": 19800000000, "share_repurchases": 22245000000, "dividends_declared_per_share": 2.72 }, "segments": { "Productivity and Business Processes": { "revenue": 94151000000, "operating_income": 50074000000 }, "Intelligent Cloud": { "revenue": 72944000000, "operating_income": 28411000000 }, "More Personal Computing": { "revenue": 44820000000, "operating_income": 10038000000 } } } ], "quarterly": [ { "label": "Q3 FY2026 (three months ended)", "fiscal_period": "FY26Q3", "period_end": "2026-03-31", "period_type": "three_months", "source_accession": "0001193125-26-191507", "source_form": "10-Q", "income_statement": { "revenue": 82886000000, "cost_of_revenue": 26828000000, "gross_profit": 56058000000, "operating_income": 38398000000, "other_income_expense_net": 942000000, "income_before_taxes": 39340000000, "income_tax_expense": 7562000000, "net_income": 31778000000, "diluted_eps": 4.27, "basic_eps": 4.28, "diluted_shares": 7445000000, "basic_shares": 7426000000 }, "balance_sheet": { "cash_and_equivalents": 32105000000, "short_term_investments": 46167000000, "total_cash_and_sti": 78272000000, "total_assets": 694228000000, "short_term_debt": 0, "current_portion_long_term_debt": 8839000000, "long_term_debt": 31423000000, "total_debt": 40262000000, "total_liabilities": 279861000000, "total_equity": 414367000000 }, "cash_flow": { "operating_cash_flow": 46679000000, "capex": 30876000000, "free_cash_flow": 15803000000, "dividends_paid": 6756000000, "share_repurchases": 4627000000 }, "prior_year_comparative": { "label": "Q3 FY2025 (three months ended 2025-03-31)", "revenue": 70066000000, "operating_income": 32000000000, "net_income": 25824000000, "diluted_eps": 3.46, "diluted_shares": 7461000000 } }, { "label": "9 months ended (YTD FY2026)", "fiscal_period": "FY26 9M", "period_end": "2026-03-31", "period_type": "nine_months", "source_accession": "0001193125-26-191507", "source_form": "10-Q", "income_statement": { "revenue": 241832000000, "cost_of_revenue": 76849000000, "gross_profit": 164983000000, "operating_income": 114634000000, "other_income_expense_net": 7253000000, "income_before_taxes": 121887000000, "income_tax_expense": 23904000000, "net_income": 97983000000, "diluted_eps": 13.14, "basic_eps": 13.19, "diluted_shares": 7457000000, "basic_shares": 7430000000 }, "cash_flow": { "operating_cash_flow": 127494000000, "capex": 80146000000, "free_cash_flow": 47348000000, "dividends_paid": 19687000000, "share_repurchases": 17692000000 }, "prior_year_comparative": { "label": "9 months ended 2025-03-31", "revenue": 205283000000, "operating_income": 94205000000, "net_income": 74599000000, "diluted_eps": 9.99, "diluted_shares": 7466000000, "operating_cash_flow": 93515000000, "capex": 47472000000 } } ], "ttm": { "label": "Trailing twelve months ended 2026-03-31 (FY2025 10-K minus 9M FY2025 plus 9M FY2026)", "revenue": 318273000000, "net_income": 125216000000, "operating_cash_flow": 170141000000, "capex": 96225000000, "free_cash_flow": 73916000000, "computation_note": "revenue = 281,724 - 205,283 + 241,832 = 318,273M; net_income = 101,832 - 74,599 + 97,983 = 125,216M; OCF = 136,162 - 93,515 + 127,494 = 170,141M; capex = 64,551 - 47,472 + 80,146 = 96,225M; FCF = OCF - capex = 73,916M.", "cross_check": "PASS vs reference.json TTM anchors" }, "notes": [ "All figures sourced from the raw 10-K/10-Q HTML (source of truth), not facts.json. Income statement, balance sheet, cash flow, and segment tables read directly from the filings; every statement's units note was verified as '(In millions, except per share amounts)' or '(In millions)'.", "Annual history: FY2025 10-K (accession 0000950170-25-100235) presents 3 years of income statement and cash flow (FY2023-FY2025) and 2 years of balance sheet (FY2024-FY2025). FY2023 balance sheet is therefore incomplete - only end-of-period equity (206,223M, from the equity statement) and end-of-period cash (34,704M, from the cash flow statement) are available; FY2023 total assets/debt/liabilities are not in the downloaded filings.", "Quarterly: Q3 FY2026 10-Q (accession 0001193125-26-191507, period ended 2026-03-31). Both the three-month quarter and the nine-month YTD are reported, each with prior-year comparatives read from the same filing. No newer quarter exists: the most recent earnings 8-K in the manifest (2026-04-29, accession 0001193125-26-191457) is the Q3 FY2026 press release for this same quarter, which is already covered by the 10-Q. Q4/FY2026 (period ending 2026-06-30) had not been reported as of the latest downloaded filing.", "total_debt is defined as short-term debt + current portion of long-term debt + long-term debt from the face of the balance sheet. At 2026-03-31 the balance sheet shows no separate short-term debt line, so total_debt = 8,839M (current LTD) + 31,423M (LTD) = 40,262M. Operating lease liabilities are excluded from total_debt.", "free_cash_flow = net cash from operations - additions to property and equipment (capex). MSFT's capex line 'Additions to property and equipment' is the sole capex figure; no separate capitalized-software line is broken out on the cash flow statement.", "Other income (expense), net swung sharply positive in FY2026 (nine-month +7,253M vs -3,194M prior year) driven largely by mark-to-market gains on Microsoft's equity-method/other investment in OpenAI. The MD&A flags OpenAI-related net gains/losses as a material, volatile driver of net income and diluted EPS and presents non-GAAP 'adjusted' net income/EPS excluding them (non-GAAP figures NOT used here - all reported figures are GAAP). 'Equity and other investments' on the balance sheet rose from 15,405M (2025-06-30) to 33,683M (2026-03-31), consistent with this.", "Segment structure reflects the August 2024 recast (Productivity and Business Processes / Intelligent Cloud / More Personal Computing); the 10-K states the recast had no impact on consolidated statements. FY2023-FY2025 segment revenue and operating income are reported on a comparable basis in the FY2025 10-K.", "Scale self-checks passed: FY2025 net income 101,832M / diluted shares 7,465M = 13.64 diluted EPS (matches filing). Share counts are in millions on the filing face and converted to actual shares here.", "No facts.json values were adopted; facts.json was used only as a directional cross-check and there were no disagreements that changed a reported figure." ], "uncertainties": [ "FY2023 balance sheet is only partially available (total_equity and cash only) because the FY2025 10-K balance sheet shows just FY2024-FY2025 columns. FY2023 total assets, total debt, and total liabilities could not be sourced from the two downloaded filings.", "total_debt intentionally excludes operating lease liabilities (17,437M at FY2025 year-end; 16,703M at 2026-03-31) and finance-lease components not separately shown on the balance-sheet face. If a downstream consumer wants a lease-inclusive leverage figure, those amounts are available in the balance sheet detail and would need to be added.", "The magnitude and direction of OpenAI-related investment gains/losses inside 'Other income (expense), net' were confirmed qualitatively from the MD&A but the exact per-quarter OpenAI mark was not separately quantified in the primary statements; net_income/EPS as reported are GAAP and firm, but the quality/volatility of the FY2026 other-income line should be understood as investment-driven, not operating." ], "company_details": { "Name": "Microsoft Corp", "Ticker": "MSFT", "CIK": "0000789019", "Exchange": "Nasdaq", "State": "Washington", "Incorporation": "Washington", "SIC": "7372", "Office": "Technology", "Industry": "Services-Prepackaged Software" }, "next_filing": { "predicted_date": "2026-07-30", "predicted_type": "10-K" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-03-31", "form": "10-Q", "accession": "0001193125-26-191507", "fiscal_year_end": "0630", "source": "facts" } }