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). See Microsoft Corporation working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
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 (MSFT) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
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 Microsoft Corporation (MSFT) 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 | — |