Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Microsoft Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Accounts payable
Short-term debt
Current portion of long-term debt
Accrued compensation
Short-term income taxes
Short-term unearned revenue
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Long-term income taxes
Long-term unearned revenue
Deferred income taxes
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock and paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-09-30), 10-K (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-Q (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30).


Accounts Payable
Accounts payable demonstrated a generally upward trend over the observed quarters, increasing from 8,574 million USD in September 2019 to 32,580 million USD by September 2025. Periodic fluctuations are noted, including significant increases around mid-2024 and mid-2025.
Short-term Debt
Short-term debt data is sparse, with values only recorded between June 2022 and September 2023. It peaked at 27,041 million USD at the end of December 2022 before decreasing to 6,693 million USD by June 2023.
Current Portion of Long-term Debt
The current portion of long-term debt fluctuated over the periods, with peaks observed around December 2019 and March 2023 exceeding 6,000 million USD, while troughs occurred in late 2021 and early 2024, going as low as 2,249 million USD.
Accrued Compensation
Accrued compensation values showed an overall increasing trend from 4,676 million USD in September 2019 to peaks above 13,700 million USD in June 2025. However, the data displayed some volatility, with declines during late 2021 and late 2023.
Short-term Income Taxes
Short-term income taxes exhibited variable levels, peaking multiple times notably in late 2021 and early 2024, reaching nearly 9,700 million USD. The lowest recorded values occurred around the mid-2020 period at approximately 1,562 million USD.
Short-term Unearned Revenue
Short-term unearned revenue generally increased over time from roughly 29,904 million USD in September 2019 to a peak over 64,500 million USD in June 2025. There were noticeable seasonal fluctuations, with periodic declines followed by sharp increases, especially after 2021.
Other Current Liabilities
Other current liabilities rose from 8,507 million USD in September 2019 to about 25,020 million USD by June 2025. This reflects a steady increase with some quarter-to-quarter volatility, indicating growing obligations in this category.
Current Liabilities
Total current liabilities followed an increasing trajectory, from 58,118 million USD in September 2019 to a high over 141,000 million USD by June 2025. The trend suggests expanding short-term financial obligations over the period.
Long-term Debt, Excluding Current Portion
Long-term debt, excluding the current portion, trended downward from 66,478 million USD in September 2019 to 35,376 million USD by September 2025. This reflects a gradual reduction in longer-term debt commitments over the observed period.
Long-term Income Taxes
Long-term income taxes oscillated throughout the period, starting at 28,457 million USD in September 2019 and ending slightly lower at 26,569 million USD in September 2025, showing relative stability with moderate fluctuations.
Long-term Unearned Revenue
Long-term unearned revenue declined from 4,122 million USD in September 2019 to approximately 2,546 million USD by September 2025, indicating a reduction in deferred revenue recognition over the long term.
Deferred Income Taxes
Deferred income taxes remained relatively low compared to other liabilities, fluctuating modestly between 173 million USD and 2,852 million USD, with some upward movement after 2020.
Long-term Operating Lease Liabilities
Long-term operating lease liabilities showed a steady increasing trend, starting at 6,659 million USD in September 2019 and rising to about 17,348 million USD by September 2025, indicative of increased lease obligations.
Other Long-term Liabilities
Other long-term liabilities increased substantially from 8,826 million USD to 53,588 million USD over the period, showing a pronounced growth that contributed significantly to total long-term liabilities.
Long-term Liabilities
The total long-term liabilities gradually decreased from 114,776 million USD in September 2019 to 138,279 million USD by September 2025, but with notable increases after 2021, mainly driven by growth in other long-term liabilities and lease liabilities.
Total Liabilities
Total liabilities showed overall growth, from 172,894 million USD in September 2019 to a peak of 275,524 million USD by September 2025, reflecting an increase in both current and long-term obligations.
Common Stock and Paid-in Capital
Common stock and paid-in capital increased steadily over the period, rising from 78,882 million USD to nearly 111,000 million USD, evidencing ongoing equity financing and capitalization.
Retained Earnings
Retained earnings consistently grew from 27,240 million USD in September 2019 to approximately 254,873 million USD in September 2025, reflecting accumulated profits reinvested in the company over time.
Accumulated Other Comprehensive Income (Loss)
This category fluctuated widely, from a small negative balance to a peak positive of 3,186 million USD in early 2020, then moving back into negative territory with increasing losses up to -6,937 million USD in mid-2023 before modest recovery towards -2,761 million USD by September 2025.
Stockholders’ Equity
Stockholders’ equity displayed a strong upward trend, increasing from 106,061 million USD to 363,076 million USD over the analyzed period, driven mainly by retained earnings growth and equity financing.
Total Liabilities and Stockholders’ Equity
The sum of total liabilities and stockholders’ equity showed consistent growth, rising from approximately 279,000 million USD in September 2019 to over 636,000 million USD by September 2025, signifying significant expansion in the company's overall financial position.