Microsoft Corporation (MSFT) balance sheet

NASDAQ · Technology · Software - Infrastructure · 223,000 employees · CEO Satya Nadella

Price: $521.91 -1.55%
Market cap: $3.88T
Enterprise value: $3.99T
Last report: Q1 '27 filed 2026-10-28
Next report: 2027-01-27 EPS est. $4.85

At the end of Q1 '27 Microsoft Corporation (MSFT) held $64.6B in cash and short-term investments against $134B of debt incl. leases. Total assets $779B, total liabilities $309B, shareholders' equity $471B.

Balance sheet

Balance sheet	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26	Q4 '26	Q1 '27
Assets
Cash & equivalents	$17.3B	$19.6B	$18.3B	$20.8B	$17.5B	$28.8B	$30.2B	$28.8B	$24.3B	$32.1B	$20.9B	$20.3B
Short-term investments	$63.7B	$60.4B	$57.2B	$57.6B	$54.1B	$50.8B	$64.3B	$73.2B	$65.2B	$46.2B	$55.9B	$44.4B
Receivables	$42.8B	$44B	$56.9B	$44.1B	$48.2B	$51.7B	$69.9B	$52.9B	$56.5B	$60B	$80.9B	$97.8B
Inventory	$1.62B	$1.3B	$1.25B	$1.63B	$909M	$848M	$938M	$1.13B	$1.06B	$1.22B	$1.4B	$1.84B
Other current assets	$22B	$21.8B	$26B	$25.7B	$26.4B	$24.5B	$25.7B	$33B	$33.1B	$35.8B	$48.6B	$21.9B
Current assets	$147B	$147B	$160B	$150B	$147B	$157B	$191B	$189B	$180B	$175B	$208B	$186B
Property, plant & equipment (net)	$129B	$139B	$155B	$173B	$190B	$208B	$230B	$256B	$286B	$308B	$337B	$377B
Long-term investments	$13.4B	$14.8B	$14.6B	$15.8B	$15.6B	$15.8B	$15.1B	$10.3B	$21.2B	$33.7B	$36.3B	$37.8B
Goodwill	$119B	$119B	$119B	$119B	$119B	$119B	$120B	$119B	$120B	$120B	$120B	$120B
Intangible assets	$29.9B	$28.8B	$27.6B	$26.8B	$25.4B	$24B	$22.6B	$21.2B	$20.3B	$19.3B	$18.6B	$17.8B
Other non-current assets	$32.3B	$35.6B	$36.5B	$37.8B	$36.9B	$38.5B	$40.8B	$40.6B	$37.8B	$38.6B	$38.8B	$41B
Non-current assets	$323B	$337B	$352B	$373B	$387B	$406B	$428B	$447B	$485B	$519B	$551B	$593B
Total assets	$471B	$484B	$512B	$523B	$534B	$563B	$619B	$636B	$665B	$694B	$758B	$779B
Liabilities
Accounts payable	$17.7B	$18.1B	$22B	$22.8B	$22.6B	$26.3B	$27.7B	$32.6B	$37.3B	$37.5B	$42.4B	$42.6B
Accrued expenses	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$14.9B	$10.2B
Short-term debt	$29.3B	$22.8B	$8.94B	$2.25B	$5.25B	$3B	$3B	$7.83B	$4.84B	$8.84B	$9.23B	$4.39B
Taxes payable	$5.79B	$7.31B	$5.02B	$9.72B	$6.06B	$6.81B	$0	$3.66B	$2.05B	$3.56B	$0	$1.45B
Deferred revenue	$43.1B	$41.9B	$57.6B	$53B	$45.5B	$44.6B	$64.6B	$59B	$51.4B	$50.9B	$73B	$66.9B
Other current liabilities	$20.7B	$23.2B	$25.8B	$20.9B	$22.2B	$25.4B	$30.1B	$23.1B	$25.2B	$26.2B	$17.1B	$15.7B
Current liabilities	$121B	$119B	$125B	$115B	$109B	$114B	$141B	$135B	$130B	$137B	$169B	$152B
Long-term debt	$44.9B	$42.7B	$42.7B	$42.9B	$39.7B	$39.9B	$40.2B	$35.4B	$35.4B	$31.4B	$31.1B	$31.1B
Lease obligations (non-current)	$32.7B	$35.5B	$40.3B	$45.2B	$50.7B	$54B	$60.4B	$68.3B	$73.8B	$75.6B	$78.8B	$87.7B
Deferred revenue (non-current)	$2.97B	$2.95B	$2.6B	$2.66B	$2.54B	$2.84B	$2.71B	$2.55B	$2.67B	$2.75B	$2.75B	$2.7B
Deferred tax liabilities	$2.55B	$2.47B	$2.62B	$2.58B	$2.51B	$2.52B	$2.84B	$2.85B	$2.88B	$2.9B	$3.05B	$3.17B
Other non-current liabilities	$28.2B	$29B	$30.2B	$26.8B	$26.9B	$27.3B	$28.2B	$29.2B	$29.7B	$30.6B	$31.5B	$32.3B
Non-current liabilities	$111B	$113B	$118B	$120B	$122B	$127B	$134B	$138B	$144B	$143B	$147B	$157B
Total liabilities	$232B	$231B	$244B	$235B	$231B	$241B	$276B	$273B	$274B	$280B	$316B	$309B
Equity
Common stock & paid-in capital	$97.5B	$99.2B	$101B	$103B	$105B	$107B	$109B	$111B	$113B	$115B	$117B	$120B
Retained earnings	$146B	$159B	$173B	$189B	$203B	$220B	$238B	$255B	$281B	$303B	$328B	$355B
Accumulated other comprehensive income	-$4.95B	-$5.44B	-$5.59B	-$4.18B	-$5.62B	-$4.83B	-$3.35B	-$2.76B	-$2.7B	-$3.23B	-$3.28B	-$3.86B
Shareholders' equity	$238B	$253B	$268B	$288B	$303B	$322B	$343B	$363B	$391B	$414B	$442B	$471B
Debt
Total debt (incl. leases)	$111B	$106B	$97.9B	$96.8B	$103B	$105B	$112B	$120B	$123B	$125B	$129B	$134B
Net debt (debt - cash)	$94.1B	$86.6B	$79.5B	$76B	$85.4B	$76.2B	$81.9B	$91.5B	$99B	$93.3B	$108B	$114B

Balance sheet	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Assets
Cash & equivalents	$7.66B	$11.9B	$11.4B	$13.6B	$14.2B	$13.9B	$34.7B	$18.3B	$30.2B	$20.9B
Short-term investments	$125B	$122B	$122B	$123B	$116B	$90.8B	$76.6B	$57.2B	$64.3B	$55.9B
Receivables	$22.4B	$26.5B	$29.5B	$32B	$38B	$44.3B	$48.7B	$56.9B	$69.9B	$80.9B
Inventory	$2.18B	$2.66B	$2.06B	$1.9B	$2.64B	$3.74B	$2.5B	$1.25B	$938M	$1.4B
Other current assets	$5.1B	$6.75B	$10.1B	$11.5B	$13.5B	$16.9B	$21.8B	$26B	$25.7B	$48.6B
Current assets	$163B	$170B	$176B	$182B	$184B	$170B	$184B	$160B	$191B	$208B
Property, plant & equipment (net)	$30.3B	$36.1B	$43.9B	$52.9B	$70.8B	$87.5B	$110B	$155B	$230B	$337B
Long-term investments	$6.02B	$1.86B	$2.65B	$2.97B	$5.98B	$6.89B	$9.88B	$14.6B	$15.1B	$36.3B
Goodwill	$35.1B	$35.7B	$42B	$43.4B	$49.7B	$67.5B	$67.9B	$119B	$120B	$120B
Intangible assets	$10.1B	$8.05B	$7.75B	$7.04B	$7.8B	$11.3B	$9.37B	$27.6B	$22.6B	$18.6B
Other non-current assets	$6.08B	$7.44B	$14.7B	$13.1B	$15.1B	$21.9B	$30.6B	$36.5B	$40.8B	$38.8B
Non-current assets	$87.6B	$89.2B	$111B	$119B	$149B	$195B	$228B	$352B	$428B	$551B
Total assets	$250B	$259B	$287B	$301B	$334B	$365B	$412B	$512B	$619B	$758B
Liabilities
Accounts payable	$7.39B	$8.62B	$9.38B	$12.5B	$15.2B	$19B	$18.1B	$22B	$27.7B	$42.4B
Accrued expenses	$0	$0	$0	$0	$0	$0	$0	$0	$0	$14.9B
Short-term debt	$10.1B	$4B	$5.52B	$3.75B	$8.07B	$2.75B	$5.25B	$8.94B	$3B	$9.23B
Taxes payable	$718M	$2.12B	$5.67B	$2.13B	$2.17B	$4.07B	$4.15B	$5.02B	$0	$0
Deferred revenue	$24B	$28.9B	$32.7B	$36B	$41.5B	$45.5B	$50.9B	$57.6B	$64.6B	$73B
Other current liabilities	$12B	$13.3B	$14.3B	$15.7B	$19B	$20.4B	$22.1B	$25.8B	$30.1B	$17.1B
Current liabilities	$55.7B	$58.5B	$69.4B	$72.3B	$88.7B	$95.1B	$104B	$125B	$141B	$169B
Long-term debt	$76.1B	$72.2B	$66.7B	$59.6B	$50.1B	$47B	$42B	$42.7B	$40.2B	$31.1B
Lease obligations (non-current)	$7.8B	$9.69B	$12.4B	$16.6B	$21.4B	$25.3B	$28.6B	$40.3B	$60.4B	$78.8B
Deferred revenue (non-current)	$2.64B	$3.82B	$4.53B	$3.18B	$2.62B	$2.87B	$2.91B	$2.6B	$2.71B	$2.75B
Deferred tax liabilities	$5.73B	$541M	$233M	$204M	$198M	$230M	$433M	$2.62B	$2.84B	$3.05B
Other non-current liabilities	$14.6B	$31.4B	$30.9B	$31.1B	$28.9B	$27.8B	$27.7B	$30.2B	$28.2B	$31.5B
Non-current liabilities	$107B	$118B	$115B	$111B	$103B	$103B	$102B	$118B	$134B	$147B
Total liabilities	$163B	$176B	$184B	$183B	$192B	$198B	$206B	$244B	$276B	$316B
Equity
Common stock & paid-in capital	$69.3B	$71.2B	$78.5B	$80.6B	$83.1B	$86.9B	$93.7B	$101B	$109B	$117B
Retained earnings	$17.8B	$13.7B	$24.2B	$34.6B	$57.1B	$84.3B	$119B	$173B	$238B	$328B
Accumulated other comprehensive income	$627M	-$2.19B	-$340M	$3.19B	$1.82B	-$4.68B	-$6.34B	-$5.59B	-$3.35B	-$3.28B
Shareholders' equity	$87.7B	$82.7B	$102B	$118B	$142B	$167B	$206B	$268B	$343B	$442B
Debt
Total debt (incl. leases)	$95.5B	$87.5B	$86.5B	$82.1B	$82.3B	$78.4B	$79.4B	$97.9B	$112B	$129B
Net debt (debt - cash)	$87.9B	$75.6B	$75.1B	$68.5B	$68.1B	$64.5B	$44.7B	$79.5B	$81.9B	$108B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-K 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-Q 2025-09-30, 10-K 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-Q 2024-09-30

Data as of 2026-11-01