NVIDIA vs Microsoft — Free Cash Flow Comparison

NVIDIA (NVDA) free cash flow was $96.7B in FY2026 (+59% YoY); Microsoft (MSFT) free cash flow was $71.6B in FY2025 (-3% YoY). The tables below show the complete quarterly and annual free cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	NVIDIA	Microsoft
2026	$96.7B	—
2025	$60.9B	$71.6B
2024	$27.0B	$74.1B
2023	$3.8B	$59.5B
2022	$8.1B	$65.1B
2021	$4.7B	$56.1B
2020	$4.3B	$45.2B
2019	$3.1B	$38.3B
2018	$2.9B	$32.3B
2017	$1.5B	$31.4B
2016	$1.1B	$25.0B
2015	$784M	—
2014	$580M	—
2013	$641M	$24.6B
2012	$770M	$29.3B
2011	$578M	$24.6B
2010	$410M	$22.1B
2009	—	$15.9B
2008	—	$18.4B

NVIDIA — Annual Free Cash Flow

Fiscal Year	Free Cash Flow	YoY
2026	$96.7B	+59%
2025	$60.9B	+125%
2024	$27.0B	+610%
2023	$3.8B	-53%
2022	$8.1B	+73%
2021	$4.7B	+10%
2020	$4.3B	+36%
2019	$3.1B	+8%
2018	$2.9B	+94%
2017	$1.5B	+37%
2016	$1.1B	+39%
2015	$784M	+35%
2014	$580M	-9%
2013	$641M	-17%
2012	$770M	+33%
2011	$578M	+41%
2010	$410M

Microsoft — Annual Free Cash Flow

Fiscal Year	Free Cash Flow	YoY
2025	$71.6B	-3%
2024	$74.1B	+25%
2023	$59.5B	-9%
2022	$65.1B	+16%
2021	$56.1B	+24%
2020	$45.2B	+18%
2019	$38.3B	+19%
2018	$32.3B	+3%
2017	$31.4B	+26%
2016	$25.0B	+2%
2013	$24.6B	-16%
2012	$29.3B	+19%
2011	$24.6B	+12%
2010	$22.1B	+39%
2009	$15.9B	-14%
2008	$18.4B

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