Does operating cash cover cash capital purchases?
Microsoft cash after capex (OCF minus cash CapEx) · Quarterly
History: 6 observations · Local history available
Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.
New observations from reports
Unverified report excerpts. This separate curve does not replace or extend the main chart above. See the main chart’s source label for its verification status.
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View data table (last 24 observations)
| Period | Value (Billion USD) | Type |
|---|---|---|
| 2026-06-30 | 19.639 | Calculated value |
| 2026-03-31 | 15.803 | Calculated value |
| 2025-12-31 | 5.882 | Calculated value |
| 2025-09-30 | 25.663 | Calculated value |
| 2025-06-30 | 25.568 | Calculated value |
| 2025-03-31 | 20.299 | Calculated value |
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- 2026-06-30 · Verified on 2026-10-10 · SEC · Microsoft
Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.
Calculation inputs (USD)OCF − cash CapEx = 19.639 USD billions · 2026-04-01 – 2026-06-30
Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.
OCF: 55.441 USD billions · Later fiscal total less earlier total
2025-07-01 – 2026-03-31: 127.494 USD billions · Filed 2026-04-29
2025-07-01 – 2026-06-30: 182.935 USD billions · Filed 2026-07-29Cash CapEx: 35.802 USD billions · Later fiscal total less earlier total
2025-07-01 – 2026-03-31: 80.146 USD billions · Filed 2026-04-29
2025-07-01 – 2026-06-30: 115.948 USD billions · Filed 2026-07-29 - 2026-03-31 · Verified on 2026-10-10 · SEC · Microsoft
Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.
Calculation inputs (USD)OCF − cash CapEx = 15.803 USD billions · 2026-01-01 – 2026-03-31
Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.
OCF: 46.679 USD billions · Reported quarter
2026-01-01 – 2026-03-31: 46.679 USD billions · Filed 2026-04-29Cash CapEx: 30.876 USD billions · Reported quarter
2026-01-01 – 2026-03-31: 30.876 USD billions · Filed 2026-04-29 - 2025-12-31 · Verified on 2026-10-10 · SEC · Microsoft
Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.
Calculation inputs (USD)OCF − cash CapEx = 5.882 USD billions · 2025-10-01 – 2025-12-31
Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.
OCF: 35.758 USD billions · Reported quarter
2025-10-01 – 2025-12-31: 35.758 USD billions · Filed 2026-01-28Cash CapEx: 29.876 USD billions · Reported quarter
2025-10-01 – 2025-12-31: 29.876 USD billions · Filed 2026-01-28 - 2025-09-30 · Verified on 2026-10-10 · SEC · Microsoft
Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.
Calculation inputs (USD)OCF − cash CapEx = 25.663 USD billions · 2025-07-01 – 2025-09-30
Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.
OCF: 45.057 USD billions · Reported quarter
2025-07-01 – 2025-09-30: 45.057 USD billions · Filed 2025-10-29Cash CapEx: 19.394 USD billions · Reported quarter
2025-07-01 – 2025-09-30: 19.394 USD billions · Filed 2025-10-29 - 2025-06-30 · Verified on 2026-10-10 · SEC · Microsoft
Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.
Calculation inputs (USD)OCF − cash CapEx = 25.568 USD billions · 2025-04-01 – 2025-06-30
Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.
OCF: 42.647 USD billions · Later fiscal total less earlier total
2024-07-01 – 2025-03-31: 93.515 USD billions · Filed 2026-04-29
2024-07-01 – 2025-06-30: 136.162 USD billions · Filed 2026-07-29Cash CapEx: 17.079 USD billions · Later fiscal total less earlier total
2024-07-01 – 2025-03-31: 47.472 USD billions · Filed 2026-04-29
2024-07-01 – 2025-06-30: 64.551 USD billions · Filed 2026-07-29 - 2025-03-31 · Verified on 2026-10-10 · SEC · Microsoft
Quarterly operating cash flow minus same-quarter cash capital purchases, in USD billions; values can be negative. This is not management-defined FCF: asset-sale proceeds and subsidies are not added, and finance-lease principal is not deducted. Covers all consolidated businesses, not AI-project return or debt-service capacity.
Calculation inputs (USD)OCF − cash CapEx = 20.299 USD billions · 2025-01-01 – 2025-03-31
Consolidated company cash flows; fiscal cumulative values are differenced into calendar quarters. Cash after capex is a uniform proxy, not management-defined FCF or AI-project cash flow.
OCF: 37.044 USD billions · Reported quarter
2025-01-01 – 2025-03-31: 37.044 USD billions · Filed 2026-04-29Cash CapEx: 16.745 USD billions · Reported quarter
2025-01-01 – 2025-03-31: 16.745 USD billions · Filed 2026-04-29