FCF Margin
Free cash flow as a percentage of revenue.
Latest FCF Margin: 19.1% (2026Q1); -9.9 pp YoY.
Chart and table show the latest 24 of 60 quarters.
Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Rule of 40
Quarterly FCF Margin Data
Chart and table show the latest 24 of 60 quarters.
| Period | Value |
|---|---|
| 2020Q2 | 36.6% |
| 2020Q3 | 38.8% |
| 2020Q4 | 19.4% |
| 2021Q1 | 41.0% |
| 2021Q2 | 35.2% |
| 2021Q3 | 41.3% |
| 2021Q4 | 16.7% |
| 2022Q1 | 40.6% |
| 2022Q2 | 34.2% |
| 2022Q3 | 33.7% |
| 2022Q4 | 9.3% |
| 2023Q1 | 33.7% |
| 2023Q2 | 35.3% |
| 2023Q3 | 36.6% |
| 2023Q4 | 14.7% |
| 2024Q1 | 33.9% |
| 2024Q2 | 36.0% |
| 2024Q3 | 29.4% |
| 2024Q4 | 9.3% |
| 2025Q1 | 29.0% |
| 2025Q2 | 33.4% |
| 2025Q3 | 33.0% |
| 2025Q4 | 7.2% |
| 2026Q1 | 19.1% |
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More quarter-by-quarter fundamentals for Microsoft Corporation
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