Amazon vs Microsoft — Operating Cash Flow Comparison

Amazon (AMZN) operating cash flow was $139.5B in FY2025 (+20% YoY); Microsoft (MSFT) operating cash flow was $136.2B in FY2025 (+15% YoY). The tables below show the complete quarterly and annual operating cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Amazon	Microsoft
2025	$139.5B	$136.2B
2024	$115.9B	$118.5B
2023	$84.9B	$87.6B
2022	$46.8B	$89.0B
2021	$46.3B	$76.7B
2020	$66.1B	$60.7B
2019	$38.5B	$52.2B
2018	$30.7B	$43.9B
2017	$18.4B	$39.5B
2016	$17.2B	$33.3B
2015	$12.0B	—
2014	$6.8B	—
2013	$5.5B	$28.8B
2012	$4.2B	$31.6B
2011	$3.9B	$27.0B
2010	$3.5B	$24.1B
2009	$3.3B	$19.0B
2008	$1.7B	$21.6B
2007	$1.4B	—

Amazon — Annual Operating Cash Flow

Fiscal Year	Operating Cash Flow	YoY
2025	$139.5B	+20%
2024	$115.9B	+36%
2023	$84.9B	+82%
2022	$46.8B	+1%
2021	$46.3B	-30%
2020	$66.1B	+72%
2019	$38.5B	+25%
2018	$30.7B	+67%
2017	$18.4B	+7%
2016	$17.2B	+43%
2015	$12.0B	+76%
2014	$6.8B	+25%
2013	$5.5B	+31%
2012	$4.2B	+7%
2011	$3.9B	+12%
2010	$3.5B	+6%
2009	$3.3B	+94%
2008	$1.7B	+21%
2007	$1.4B

Microsoft — Annual Operating Cash Flow

Fiscal Year	Operating Cash Flow	YoY
2025	$136.2B	+15%
2024	$118.5B	+35%
2023	$87.6B	-2%
2022	$89.0B	+16%
2021	$76.7B	+26%
2020	$60.7B	+16%
2019	$52.2B	+19%
2018	$43.9B	+11%
2017	$39.5B	+19%
2016	$33.3B	+16%
2013	$28.8B	-9%
2012	$31.6B	+17%
2011	$27.0B	+12%
2010	$24.1B	+26%
2009	$19.0B	-12%
2008	$21.6B

Source: AMZN on EDGAR · MSFT on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.