Microsoft Corporation (MSFT) — Cash Flow Reinvestment Rate
Microsoft Corporation (MSFT) has a Cash Flow Reinvestment Rate of 0.80x as of March 2026, reinvesting $37.20 Billion (capex $30.88 Billion plus investments $6.33 Billion) from operating cash flow of $46.68 Billion. Explore MSFT capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Microsoft Corporation Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for Microsoft Corporation across 37 annual periods. Also explore total assets of Microsoft Corporation for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Microsoft Corporation (1989–2025)
Year-by-year capital reinvestment analysis for Microsoft Corporation. For live market cap and broader valuation context, see how much is Microsoft Corporation worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.51x | $68.94 Billion | $136.16 Billion | $64.55 Billion | ▼ -3.8% |
| 2024 | 0.53x | $62.41 Billion | $118.55 Billion | $44.48 Billion | ▲ +20.3% |
| 2023 | 0.44x | $38.32 Billion | $87.58 Billion | $28.11 Billion | ▼ -8.0% |
| 2022 | 0.48x | $42.32 Billion | $89.03 Billion | $23.89 Billion | ▲ +55.2% |
| 2021 | 0.31x | $23.50 Billion | $76.74 Billion | $20.62 Billion | ▼ -29.0% |
| 2020 | 0.43x | $26.18 Billion | $60.67 Billion | $15.44 Billion | ▼ -56.3% |
| 2019 | 0.99x | $51.58 Billion | $52.19 Billion | $13.93 Billion | ▲ +138.5% |
| 2018 | 0.41x | $18.19 Billion | $43.88 Billion | $11.63 Billion | ▼ -20.7% |
| 2017 | 0.52x | $20.64 Billion | $39.51 Billion | $8.13 Billion | ▼ -23.5% |
| 2016 | 0.68x | $22.76 Billion | $33.33 Billion | $8.34 Billion | ▲ +7.7% |
| 2015 | 0.63x | $18.81 Billion | $29.67 Billion | $5.94 Billion | ▲ +60.9% |
| 2014 | 0.39x | $12.81 Billion | $32.50 Billion | $5.49 Billion | ▼ -48.5% |
| 2013 | 0.77x | $22.06 Billion | $28.83 Billion | $4.26 Billion | ▲ +69.4% |
| 2012 | 0.45x | $14.28 Billion | $31.63 Billion | $2.31 Billion | ▼ -16.2% |
| 2011 | 0.54x | $14.54 Billion | $26.99 Billion | $2.35 Billion | ▲ +17.2% |
| 2010 | 0.46x | $11.07 Billion | $24.07 Billion | $1.98 Billion | ▲ +180.6% |
| 2009 | 0.16x | $3.12 Billion | $19.04 Billion | $3.12 Billion | ▲ +11.3% |
| 2008 | 0.15x | $3.18 Billion | $21.61 Billion | $3.18 Billion | ▲ +15.7% |
| 2007 | 0.13x | $2.26 Billion | $17.80 Billion | $2.26 Billion | ▲ +16.1% |
| 2006 | 0.11x | $1.58 Billion | $14.40 Billion | $1.58 Billion | ▲ +124.0% |
| 2005 | 0.05x | $812.00 Million | $16.61 Billion | $812.00 Million | ▼ -35.5% |
| 2004 | 0.08x | $1.11 Billion | $14.63 Billion | $1.11 Billion | ▲ +34.4% |
| 2003 | 0.06x | $891.00 Million | $15.80 Billion | $891.00 Million | ▲ +6.3% |
| 2002 | 0.05x | $770.00 Million | $14.51 Billion | $770.00 Million | ▼ -35.4% |
| 2001 | 0.08x | $1.10 Billion | $13.42 Billion | $1.10 Billion | ▲ +6.8% |
| 2000 | 0.08x | $879.00 Million | $11.43 Billion | $879.00 Million | ▲ +73.3% |
| 1999 | 0.04x | $583.00 Million | $13.14 Billion | $583.00 Million | ▼ -43.0% |
| 1998 | 0.08x | $656.00 Million | $8.43 Billion | $656.00 Million | ▼ -26.9% |
| 1997 | 0.11x | $499.00 Million | $4.69 Billion | $499.00 Million | ▼ -19.9% |
| 1996 | 0.13x | $494.00 Million | $3.72 Billion | $494.00 Million | ▼ -46.6% |
| 1995 | 0.25x | $495.00 Million | $1.99 Billion | $495.00 Million | ▲ +42.5% |
| 1994 | 0.17x | $278.00 Million | $1.59 Billion | $278.00 Million | ▼ -20.6% |
| 1993 | 0.22x | $236.00 Million | $1.07 Billion | $236.00 Million | ▼ -37.0% |
| 1992 | 0.35x | $316.60 Million | $907.00 Million | $316.60 Million | ▼ -26.3% |
| 1991 | 0.47x | $264.40 Million | $557.90 Million | $264.40 Million | ▼ -16.6% |
| 1990 | 0.57x | $158.10 Million | $278.30 Million | $158.10 Million | ▲ +41.4% |
| 1989 | 0.40x | $89.40 Million | $222.50 Million | $89.40 Million | — |