Microsoft Corporation (MSFT) — Free Cash Flow Generation Index
Microsoft Corporation (MSFT) has a Free Cash Flow Generation Index of 0.34x as of March 2026. Free cash flow of $15.80 Billion represents 0% of operating cash flow ($46.68 Billion). Explore MSFT capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Microsoft Corporation Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Microsoft Corporation across 37 annual periods. For the full cash flow conversion analysis, see how efficiently does Microsoft Corporation generate cash.
Annual Free Cash Flow Generation for Microsoft Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for Microsoft Corporation. Check cash flow reinvestment rate of Microsoft Corporation to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.53x | $71.61 Billion | $136.16 Billion | $64.55 Billion | ▼ -15.8% |
| 2024 | 0.62x | $74.07 Billion | $118.55 Billion | $44.48 Billion | ▼ -8.0% |
| 2023 | 0.68x | $59.48 Billion | $87.58 Billion | $28.11 Billion | ▼ -7.2% |
| 2022 | 0.73x | $65.15 Billion | $89.03 Billion | $23.89 Billion | ▲ +0.1% |
| 2021 | 0.73x | $56.12 Billion | $76.74 Billion | $20.62 Billion | ▼ -1.9% |
| 2020 | 0.75x | $45.23 Billion | $60.67 Billion | $15.44 Billion | ▲ +1.7% |
| 2019 | 0.73x | $38.26 Billion | $52.19 Billion | $13.93 Billion | ▼ -0.2% |
| 2018 | 0.73x | $32.25 Billion | $43.88 Billion | $11.63 Billion | ▼ -7.5% |
| 2017 | 0.79x | $31.38 Billion | $39.51 Billion | $8.13 Billion | ▲ +5.9% |
| 2016 | 0.75x | $24.98 Billion | $33.33 Billion | $8.34 Billion | ▼ -6.3% |
| 2015 | 0.80x | $23.72 Billion | $29.67 Billion | $5.94 Billion | ▼ -3.8% |
| 2014 | 0.83x | $27.02 Billion | $32.50 Billion | $5.49 Billion | ▼ -2.5% |
| 2013 | 0.85x | $24.58 Billion | $28.83 Billion | $4.26 Billion | ▼ -8.1% |
| 2012 | 0.93x | $29.32 Billion | $31.63 Billion | $2.31 Billion | ▲ +1.6% |
| 2011 | 0.91x | $24.64 Billion | $26.99 Billion | $2.35 Billion | ▼ -0.6% |
| 2010 | 0.92x | $22.10 Billion | $24.07 Billion | $1.98 Billion | ▲ +9.8% |
| 2009 | 0.84x | $15.92 Billion | $19.04 Billion | $3.12 Billion | ▼ -1.9% |
| 2008 | 0.85x | $18.43 Billion | $21.61 Billion | $3.18 Billion | ▼ -2.3% |
| 2007 | 0.87x | $15.53 Billion | $17.80 Billion | $2.26 Billion | ▼ -2.0% |
| 2006 | 0.89x | $12.83 Billion | $14.40 Billion | $1.58 Billion | ▼ -6.4% |
| 2005 | 0.95x | $15.79 Billion | $16.61 Billion | $812.00 Million | ▲ +2.9% |
| 2004 | 0.92x | $13.52 Billion | $14.63 Billion | $1.11 Billion | ▼ -2.1% |
| 2003 | 0.94x | $14.91 Billion | $15.80 Billion | $891.00 Million | ▼ -0.4% |
| 2002 | 0.95x | $13.74 Billion | $14.51 Billion | $770.00 Million | ▲ +3.2% |
| 2001 | 0.92x | $12.32 Billion | $13.42 Billion | $1.10 Billion | ▼ -0.6% |
| 2000 | 0.92x | $10.55 Billion | $11.43 Billion | $879.00 Million | ▼ -3.4% |
| 1999 | 0.96x | $12.55 Billion | $13.14 Billion | $583.00 Million | ▲ +6.2% |
| 1998 | 0.90x | $7.59 Billion | $8.43 Billion | $656.00 Million | ▲ +0.7% |
| 1997 | 0.89x | $4.19 Billion | $4.69 Billion | $499.00 Million | ▲ +3.0% |
| 1996 | 0.87x | $3.23 Billion | $3.72 Billion | $494.00 Million | ▲ +15.4% |
| 1995 | 0.75x | $1.50 Billion | $1.99 Billion | $495.00 Million | ▼ -9.0% |
| 1994 | 0.83x | $1.31 Billion | $1.59 Billion | $278.00 Million | ▲ +5.8% |
| 1993 | 0.78x | $838.00 Million | $1.07 Billion | $236.00 Million | ▲ +19.9% |
| 1992 | 0.65x | $590.40 Million | $907.00 Million | $316.60 Million | ▲ +23.7% |
| 1991 | 0.53x | $293.50 Million | $557.90 Million | $264.40 Million | ▲ +21.8% |
| 1990 | 0.43x | $120.20 Million | $278.30 Million | $158.10 Million | ▼ -27.8% |
| 1989 | 0.60x | $133.10 Million | $222.50 Million | $89.40 Million | — |