Stock valuation
Estimate a company's value from its future cash flows.
Nasdaq · Technology
Microsoft Corporation MSFT
Company data & sources
Microsoft Corporation, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. Its products include operating systems, server applications, business solution applications, software development tools, desktop and server management tools, and video games; and devices, such as PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories. The company's Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Power BI, Exchange, SharePoint, Microsoft Teams, Microsoft 365 Security and Compliance, Microsoft 365 Copilot, and Windows Commercial on-premises and Office licensed on-premises. This segment also provides Microsoft 365 Consumer products and cloud services; LinkedIn, including talent solutions, marketing solutions, subscriptions, and sales solutions; Dynamics 365, a set of cloud-based applications; and on-premises ERP and CRM applications. Its Intelligent Cloud segment offers server products and cloud services; cloud and AI consumption-based services, GitHub cloud services, health and life sciences cloud services, as well as virtual desktop offerings, and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related client access licenses; and enterprise support services, industry solutions, Microsoft partner network, and learning experience. The company's More Personal Computing segment provides Windows OEM licensing and devices comprising Surface and PC accessories; XBOX hardware, and XBOX first- and third-party content and services; XBOX Game Pass and other subscriptions; XBOX Cloud Gaming, advertising, and other cloud services; and search advertising consisting of Bing, Copilot, Microsoft News, Microsoft Edge, and third-party affiliates. It sells its products through partners and retail networks. The company was founded in 1975 and is headquartered in Redmond, Washington.
Reference amounts are in millions of the source currency; shares are in millions. Financial currency: USD.
- Reported free cash flow (TTM)
- 66,987
- Cash & investments
- 76,843
- Total debt
- 40,294
- Shares (millions)
- 7,425.55
- Source
- Nasdaq quarterly financial statements
- Financial period
- Four quarters ending 6/30/2026 (quarter ends: 6/30/2026, 3/31/2026, 12/31/2025, 9/30/2025)
- Balance-sheet date
- 6/30/2026
- Retrieved
- Sep 15, 2026 09:12 UTC · cached up to 15 minutes
Cash-flow period: Four quarters ending 6/30/2026 (quarter ends: 6/30/2026, 3/31/2026, 12/31/2025, 9/30/2025). Operating cash flow minus capital expenditures (TTM); financing costs may be included.
Estimated from market cap / price; verify diluted shares and ADR ratio
The reference snapshot is separate from your model. Calculations use the entries you submit, including any edits.
Nasdaq statement amounts are converted from USD thousands to USD millions.
Enter your assumptions, then calculate.
How the calculation works
Each year's free cash flow = the previous year's cash flow × (1 + that year's growth rate). Present value = that cash flow ÷ (1 + discount rate) raised to the year number.
Terminal value = final-year cash flow × (1 + terminal growth) ÷ (discount rate − terminal growth). We discount it to today, add the forecast cash flows' present values, then add excess cash and subtract debt and other claims. Divide by diluted shares to get value per share.
The lookup prefills reported trailing free cash flow as an editable starting point. Nasdaq FCF is operating cash flow minus capital expenditures across four reported quarters; Yahoo FCF is the provider's reported figure. Sources and periods appear in Company data & sources. Missing figures are never treated as zero.
This operating-company model discounts at WACC and subtracts debt, so its valuation assumes positive normalized unlevered cash flow (FCFF). Reported FCF may already include interest and other financing costs: adjust the prefilled amount for after-tax interest and other financing effects as appropriate before treating it as FCFF. Taxes and reinvestment must be reflected in your cash flows, and growth assumptions must be sustainable. Future dilution is not modeled.
For changing margins, reinvestment, losses turning into profits, or a detailed equity bridge, use the Advanced valuation model. This model is not intended for banks or insurers. Results reflect your assumptions, not a market-price forecast or investment advice.