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. Check MSFT cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
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. Explore Microsoft Corporation long-term investment allocation to see how much of total assets are deployed in long-term investments.
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 MSFT market cap overview.
| 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 | — |