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.

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

US$ in millions

	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	27,724)	26,250)	22,608)	22,768)	21,996)	18,087)	17,695)	19,307)	18,095)	15,305)	15,354)	16,609)	19,000)	16,085)	15,314)	14,832)	15,163)	13,412)	12,770)	12,509)	12,530)	9,246)	8,811)	8,574)
Short-term debt	—)	—)	—)	—)	6,693)	20,535)	27,041)	25,808)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current portion of long-term debt	2,999)	2,999)	5,248)	2,249)	2,249)	2,249)	2,250)	3,748)	5,247)	6,245)	3,997)	3,248)	2,749)	1,749)	4,998)	3,249)	8,072)	8,051)	5,387)	6,497)	3,749)	3,748)	6,247)	3,017)
Accrued compensation	13,709)	10,579)	9,176)	8,326)	12,564)	10,432)	8,813)	6,990)	11,009)	10,411)	9,030)	7,405)	10,661)	9,067)	7,782)	6,894)	10,057)	8,032)	6,838)	5,714)	7,874)	6,254)	5,421)	4,676)
Short-term income taxes	7,211)	6,805)	6,056)	9,717)	5,017)	7,311)	5,787)	8,035)	4,152)	4,163)	3,553)	6,729)	4,067)	4,646)	3,731)	6,272)	2,174)	2,165)	1,562)	2,384)	2,130)	3,296)	2,687)	3,440)
Short-term unearned revenue	64,555)	44,636)	45,508)	53,026)	57,582)	41,888)	43,068)	46,429)	50,901)	36,903)	36,982)	41,340)	45,538)	34,027)	34,001)	38,465)	41,525)	30,083)	30,402)	33,476)	36,000)	27,012)	27,343)	29,904)
Other current liabilities	25,020)	22,937)	20,286)	19,114)	19,185)	18,023)	16,362)	14,475)	14,745)	12,664)	12,802)	12,058)	13,067)	11,865)	11,684)	10,816)	11,666)	10,450)	10,527)	9,476)	10,027)	9,151)	9,131)	8,507)
Current liabilities	141,218)	114,206)	108,882)	115,200)	125,286)	118,525)	121,016)	124,792)	104,149)	85,691)	81,718)	87,389)	95,082)	77,439)	77,510)	80,528)	88,657)	72,193)	67,486)	70,056)	72,310)	58,707)	59,640)	58,118)
Long-term debt, excluding current portion	40,152)	39,882)	39,722)	42,868)	42,688)	42,658)	44,928)	41,946)	41,990)	41,965)	44,119)	45,374)	47,032)	48,177)	48,260)	50,039)	50,074)	50,007)	55,136)	57,055)	59,578)	62,862)	63,361)	66,478)
Long-term income taxes	25,986)	25,061)	24,389)	24,452)	27,931)	26,786)	25,890)	22,983)	25,560)	25,000)	24,169)	23,712)	26,069)	26,483)	26,121)	25,715)	27,190)	27,157)	26,701)	28,204)	29,432)	28,888)	28,754)	28,457)
Long-term unearned revenue	2,710)	2,840)	2,537)	2,663)	2,602)	2,945)	2,966)	2,759)	2,912)	2,698)	2,644)	2,549)	2,870)	2,769)	2,768)	2,550)	2,616)	2,631)	2,985)	2,829)	3,180)	3,385)	3,878)	4,122)
Deferred income taxes	2,835)	2,522)	2,513)	2,581)	2,618)	2,469)	2,548)	470)	433)	302)	289)	223)	230)	304)	199)	212)	198)	173)	174)	187)	204)	185)	222)	234)
Long-term operating lease liabilities	17,437)	17,686)	17,254)	16,361)	15,497)	14,469)	14,155)	13,487)	12,728)	12,312)	11,998)	11,660)	11,489)	11,357)	10,774)	10,050)	9,629)	9,272)	8,875)	7,753)	7,671)	7,248)	7,172)	6,659)
Other long-term liabilities	45,186)	38,536)	35,906)	31,165)	27,064)	23,271)	20,787)	18,634)	17,981)	17,437)	16,479)	15,311)	15,526)	15,154)	14,747)	14,346)	13,427)	12,941)	12,544)	11,525)	10,632)	9,673)	9,658)	8,826)
Long-term liabilities	134,306)	126,527)	122,321)	120,090)	118,400)	112,598)	111,274)	100,279)	101,604)	99,714)	99,698)	98,829)	103,216)	104,244)	102,869)	102,912)	103,134)	102,181)	106,415)	107,553)	110,697)	112,241)	113,045)	114,776)
Total liabilities	275,524)	240,733)	231,203)	235,290)	243,686)	231,123)	232,290)	225,071)	205,753)	185,405)	181,416)	186,218)	198,298)	181,683)	180,379)	183,440)	191,791)	174,374)	173,901)	177,609)	183,007)	170,948)	172,685)	172,894)
Common stock and paid-in capital	109,095)	106,965)	104,829)	102,976)	100,923)	99,193)	97,480)	95,508)	93,718)	92,093)	90,225)	88,535)	86,939)	85,767)	84,528)	83,751)	83,111)	82,308)	81,896)	81,089)	80,552)	79,813)	79,625)	78,882)
Retained earnings	237,731)	219,759)	203,482)	188,929)	173,144)	159,394)	145,737)	132,143)	118,848)	108,234)	99,368)	92,374)	84,281)	79,633)	75,045)	66,944)	57,055)	50,735)	44,973)	39,193)	34,566)	32,012)	30,739)	27,240)
Accumulated other comprehensive income (loss)	(3,347)	(4,833)	(5,616)	(4,182)	(5,590)	(5,435)	(4,949)	(6,937)	(6,343)	(5,644)	(6,457)	(7,343)	(4,678)	(2,476)	437)	1,283)	1,822)	1,462)	3,367)	3,110)	3,186)	2,676)	(255)	(61)
Stockholders’ equity	343,479)	321,891)	302,695)	287,723)	268,477)	253,152)	238,268)	220,714)	206,223)	194,683)	183,136)	173,566)	166,542)	162,924)	160,010)	151,978)	141,988)	134,505)	130,236)	123,392)	118,304)	114,501)	110,109)	106,061)
Total liabilities and stockholders’ equity	619,003)	562,624)	533,898)	523,013)	512,163)	484,275)	470,558)	445,785)	411,976)	380,088)	364,552)	359,784)	364,840)	344,607)	340,389)	335,418)	333,779)	308,879)	304,137)	301,001)	301,311)	285,449)	282,794)	278,955)

Accounts payable: Accounts payable demonstrated an overall upward trend with periodic fluctuations, starting at $8,574 million in September 2019 and reaching a peak of $27,724 million by June 2025. Notably, the values increased significantly after mid-2022, suggesting rising short-term obligations to suppliers and creditors.
Short-term debt: Short-term debt data is sparse, only appearing from June 2023 onwards, with an initial high of $25,808 million, peaking at $27,041 million in September 2023, then declining sharply to $6,693 million in June 2024. The absence of earlier data makes trend analysis limited, but the sharp drop may indicate debt repayment or restructuring.
Current portion of long-term debt: This liability fluctuated considerably, starting at $3,017 million in September 2019, increasing to highs around $8,072 million in mid-2021, then declining below $3,000 million by early 2025. This suggests varying debt maturities being reclassified or paid off in the short term.
Accrued compensation: Accrued compensation steadily increased from $4,676 million to over $13,709 million by mid-2025, with intermittent decreases around late 2021 and early 2023. The overall growth depicts higher employee-related expenses or liabilities over time.
Short-term income taxes: Short-term income taxes showed volatility across the periods, initially around $3,440 million, peaking at $9,717 million in early 2024, then declining near $7,211 million by mid-2025. This reflects variable tax obligations potentially tied to fluctuating profitability.
Short-term unearned revenue: Unearned revenue consistently increased, starting near $29,904 million and reaching above $64,555 million by mid-2025, with distinct growth in late 2023 and 2024. This indicates stronger advance payments or deferred revenue streams.
Other current liabilities: These liabilities increased broadly over time from $8,507 million to $25,020 million, reflecting expanded operational and short-term financial obligations.
Current liabilities: Current liabilities showed fluctuations, rising from about $58,118 million to a peak around $125,286 million in June 2024 before slight reductions and a climb to $141,218 million by mid-2025. The trend suggests increasing short-term obligations balanced by some variability.
Long-term debt, excluding current portion: Long-term debt steadily declined from $66,478 million to around $40,152 million by mid-2025, indicating debt repayment or refinancing efforts reducing long-term financial burdens.
Long-term income taxes: This liability demonstrated mild fluctuations, generally decreasing from $28,457 million to a low near $23,712 million, then slightly rebounding to approximately $25,986 million by mid-2025, showing moderate adjustments in deferred tax liabilities.
Long-term unearned revenue: Long-term unearned revenue decreased steadily from $4,122 million to around $2,710 million, indicative of recognized revenues or decline in deferred revenue commitments due beyond one year.
Deferred income taxes: Deferred income taxes remained low across the periods, with a notable increase from around $234 million to over $2,800 million, suggesting adjustment in deferred tax assets or liabilities in later periods.
Long-term operating lease liabilities: Operating lease liabilities trended upward consistently, rising from $6,659 million to over $17,437 million, reflecting increasing lease obligations or adoption of new lease accounting standards impacting reported liabilities.
Other long-term liabilities: Other long-term liabilities expanded markedly, beginning at $8,826 million and growing to $45,186 million, highlighting increased non-debt long-term obligations or provisions.
Long-term liabilities: The overall long-term liabilities mildly decreased between 2019 and early 2022 but sharply increased afterwards, climbing from $114,776 million to $134,306 million by mid-2025, mainly driven by growth in operating leases and other long-term liabilities despite declining long-term debt.
Total liabilities: Total liabilities showed modest fluctuations with a general upward trajectory, increasing from approximately $172,894 million to $275,524 million by mid-2025. This rise is mainly due to growth in both current and long-term obligations.
Common stock and paid-in capital: Equity capital consistently increased from about $78,882 million to $109,095 million, reflecting continual equity issuance or retained earnings capitalization.
Retained earnings: Retained earnings grew steadily and significantly, almost ninefold from $27,240 million to $237,731 million, indicating consistent profitability and earnings retention over time.
Accumulated other comprehensive income (loss): This component was volatile, fluctuating between positive and negative values, generally showing increasing losses from late 2020 onward. The negative trend may reflect unrealized losses on investments, currency translation adjustments, or other comprehensive loss components.
Stockholders’ equity: Stockholders’ equity rose markedly from $106,061 million to $343,479 million, driven primarily by increases in retained earnings and paid-in capital, signifying strengthened net worth despite some negative comprehensive income impacts.
Total liabilities and stockholders’ equity: The total funding base (liabilities plus equity) expanded substantially, from roughly $278,955 million to $619,003 million, demonstrating accelerated growth in balance sheet size through a combination of rising liabilities and equity accounts over the period.

Download chart

Microsoft Corp. (NASDAQ:MSFT)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data