Microsoft annual debt-to-equity ratio
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2026
Microsoft Debt-to-Equity Ratio Growth & History (MSFT)
Microsoft's debt-to-equity ratio was 0.29 for fiscal 2026.
View full Microsoft company overviewMicrosoft annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-06-30 | 0.29 | −0.04 | −10.85% |
| 2025 | 2025-06-30 | 0.33 | −0.04 | −10.39% |
| 2024 | 2024-06-30 | 0.36 | −0.02 | −5.39% |
| 2023 | 2023-06-30 | 0.39 | −0.09 | −18.17% |
| 2022 | 2022-06-30 | 0.47 | −0.11 | −18.76% |
| 2021 | 2021-06-30 | 0.58 | −0.11 | −16.51% |
| 2020 | 2020-06-30 | 0.69 | −0.15 | −17.85% |
| 2019 | 2019-06-30 | 0.84 | −0.21 | −20.14% |
| 2018 | 2018-06-30 | 1.06 | −0.03 | −2.87% |
| 2017 | 2017-06-30 | 1.09 | 0.45 | +69.27% |
| 2016 | 2016-06-30 | 0.64 | 0.20 | +46.00% |
| 2015 | 2015-06-30 | 0.44 | 0.19 | +75.08% |
| 2014 | 2014-06-30 | 0.25 | 0.05 | +27.38% |
| 2013 | 2013-06-30 | 0.20 | 0.02 | +9.79% |
| 2012 | 2012-06-30 | 0.18 | −0.03 | −13.82% |
| 2011 | 2011-06-30 | 0.21 | 0.08 | +62.37% |
| 2010 | 2010-06-30 | 0.13 | −0.02 | −11.45% |
| 2009 | 2009-06-30 | 0.15 | — | — |
Microsoft quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-06-30 | 0.29 | −0.04 | −10.85% |
| Q3 2026 | 2026-03-31 | 0.30 | −0.02 | −7.22% |
| Q2 2026 | 2025-12-31 | 0.32 | −0.02 | −7.23% |
| Q1 2026 | 2025-09-30 | 0.33 | −0.01 | −1.49% |
| Q4 2025 | 2025-06-30 | 0.33 | −0.04 | −10.39% |
| Q3 2025 | 2025-03-31 | 0.33 | −0.09 | −22.25% |
| Q2 2025 | 2024-12-31 | 0.34 | −0.13 | −27.26% |
| Q1 2025 | 2024-09-30 | 0.34 | −0.14 | −29.71% |
| Q4 2024 | 2024-06-30 | 0.36 | −0.02 | −5.39% |
| Q3 2024 | 2024-03-31 | 0.42 | 0.01 | +3.00% |
| Q2 2024 | 2023-12-31 | 0.47 | 0.04 | +9.75% |
| Q1 2024 | 2023-09-30 | 0.48 | 0.03 | +7.74% |
| Q4 2023 | 2023-06-30 | 0.39 | −0.09 | −18.17% |
| Q3 2023 | 2023-03-31 | 0.41 | −0.07 | −14.88% |
| Q2 2023 | 2022-12-31 | 0.43 | −0.08 | −15.20% |
| Q1 2023 | 2022-09-30 | 0.44 | −0.07 | −14.43% |
| Q4 2022 | 2022-06-30 | 0.47 | −0.11 | −18.76% |
| Q3 2022 | 2022-03-31 | 0.48 | −0.13 | −20.77% |
| Q2 2022 | 2021-12-31 | 0.50 | −0.13 | −21.00% |
| Q1 2022 | 2021-09-30 | 0.52 | −0.16 | −22.99% |
| Q4 2021 | 2021-06-30 | 0.58 | −0.11 | −16.51% |
| Q3 2021 | 2021-03-31 | 0.60 | −0.13 | −17.67% |
| Q2 2021 | 2020-12-31 | 0.64 | −0.16 | −19.69% |
| Q1 2021 | 2020-09-30 | 0.67 | −0.13 | −16.41% |
| Q4 2020 | 2020-06-30 | 0.69 | −0.15 | −17.85% |
| Q3 2020 | 2020-03-31 | 0.73 | −0.18 | −19.37% |
| Q2 2020 | 2019-12-31 | 0.79 | −0.14 | −14.70% |
| Q1 2020 | 2019-09-30 | 0.81 | −0.22 | −21.12% |
| Q4 2019 | 2019-06-30 | 0.84 | −0.21 | −20.14% |
| Q3 2019 | 2019-03-31 | 0.91 | −0.21 | −18.62% |
| Q2 2019 | 2018-12-31 | 0.93 | −0.35 | −27.40% |
| Q1 2019 | 2018-09-30 | 1.02 | −0.05 | −4.26% |
| Q4 2018 | 2018-06-30 | 1.06 | −0.03 | −2.87% |
| Q3 2018 | 2018-03-31 | 1.12 | 0.11 | +11.15% |
| Q2 2018 | 2017-12-31 | 1.28 | 0.24 | +23.08% |
| Q1 2018 | 2017-09-30 | 1.07 | 0.16 | +17.94% |
| Q4 2017 | 2017-06-30 | 1.09 | 0.45 | +69.27% |
| Q3 2017 | 2017-03-31 | 1.01 | 0.39 | +62.24% |
| Q2 2017 | 2016-12-31 | 1.04 | 0.46 | +79.45% |
| Q1 2017 | 2016-09-30 | 0.91 | 0.41 | +81.88% |
| Q4 2016 | 2016-06-30 | 0.64 | 0.20 | +46.00% |
| Q3 2016 | 2016-03-31 | 0.62 | 0.27 | +75.78% |
| Q2 2016 | 2015-12-31 | 0.58 | 0.27 | +87.87% |
| Q1 2016 | 2015-09-30 | 0.50 | 0.24 | +89.47% |
| Q4 2015 | 2015-06-30 | 0.44 | 0.19 | +75.08% |
| Q3 2015 | 2015-03-31 | 0.35 | 0.09 | +36.01% |
| Q2 2015 | 2014-12-31 | 0.31 | 0.04 | +14.08% |
| Q1 2015 | 2014-09-30 | 0.26 | 0.07 | +34.69% |
| Q4 2014 | 2014-06-30 | 0.25 | 0.05 | +27.38% |
| Q3 2014 | 2014-03-31 | 0.26 | 0.07 | +40.15% |
| Q2 2014 | 2013-12-31 | 0.27 | 0.07 | +38.11% |
| Q1 2014 | 2013-09-30 | 0.20 | 0.02 | +12.41% |
| Q4 2013 | 2013-06-30 | 0.20 | 0.02 | +9.79% |
| Q3 2013 | 2013-03-31 | 0.19 | 0.01 | +6.46% |
| Q2 2013 | 2012-12-31 | 0.20 | 0.01 | +5.05% |
| Q1 2013 | 2012-09-30 | 0.17 | −0.03 | −13.55% |
| Q4 2012 | 2012-06-30 | 0.18 | −0.03 | −13.82% |
| Q3 2012 | 2012-03-31 | 0.17 | −0.05 | −22.00% |
| Q2 2012 | 2011-12-31 | 0.19 | −0.01 | −6.71% |
| Q1 2012 | 2011-09-30 | 0.20 | −0.03 | −11.61% |
| Q4 2011 | 2011-06-30 | 0.21 | 0.08 | +62.37% |
| Q3 2011 | 2011-03-31 | 0.22 | 0.09 | +69.96% |
| Q2 2011 | 2010-12-31 | 0.20 | 0.06 | +47.35% |
| Q1 2011 | 2010-09-30 | 0.23 | 0.08 | +56.16% |
| Q4 2010 | 2010-06-30 | 0.13 | −0.02 | −11.45% |
| Q3 2010 | 2010-03-31 | 0.13 | — | — |
| Q2 2010 | 2009-12-31 | 0.14 | — | — |
| Q1 2010 | 2009-09-30 | 0.15 | — | — |
| Q4 2009 | 2009-06-30 | 0.15 | — | — |
Microsoft debt-to-equity ratio trends
Over the last five fiscal years, Microsoft's debt-to-equity ratio decreased from 0.58 to 0.29, a change of −0.29. The latest reported quarter, Q4 2026, shows 0.29.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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