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). Read how much debt does Microsoft Corporation carry for a breakdown of total debt and financial obligations.
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. Explore Microsoft Corporation capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Microsoft Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for Microsoft Corporation. For the full company profile including market capitalisation, see MSFT stock market capitalisation.
| 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 | — |