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. See Microsoft Corporation (MSFT) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see Microsoft Corporation cash flow conversion.
Annual Cash Flow Reinvestment Rate for Microsoft Corporation (1989–2025)
Year-by-year capital reinvestment analysis for Microsoft Corporation. See how financially flexible is Microsoft Corporation to measure the company's free cash flow as a share of total liabilities.
| 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 | — |