Microsoft (MSFT) Invested Capital (2009 - 2026)
Microsoft (MSFT) recorded Invested Capital of $482.68 billion in fiscal Q4 2026 (quarter ended Jun 30, 2026), up 24.8% from $386.63 billion a year earlier and up 6.2% from the prior quarter.
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Analysis
Microsoft (MSFT) Invested Capital (2009 - 2026) Analysis & Trends
Starting with fiscal Q4 2009, Microsoft's Invested Capital history includes 69 quarters.
- Annual Invested Capital has increased for eight straight fiscal years, with a five-year compound annual growth rate of 19.3% (FY2021 to FY2026).
- Across earlier fiscal years, Invested Capital came in at $386.63 billion in FY2025 (+20.8%), $320.11 billion in FY2024 (+26.3%), $253.46 billion in FY2023 (+17.2%) and $216.32 billion in FY2022 (+8.1%).
- The fiscal Q4 2026 figure is the highest quarterly Invested Capital in data going back to fiscal Q4 2009.
- On a year-over-year basis, Invested Capital has increased for 30 consecutive quarters, with growth averaging 19.5% over the last eight quarters.
- Over the past five years, the year-over-year growth in Invested Capital ranged from 8.1% (fiscal Q4 2022) to 35.1% (fiscal Q2 2024).
- Per Business Quant, the preceding three fiscal quarters came in at $454.63 billion (Q3 2026), $431.14 billion (Q2 2026) and $406.28 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 482.68 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 96.53 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 2.91 Bn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 34.08 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 18.89 Bn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 8.69 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 80.30 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 3.78 Bn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 6.45 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 482.68 Bn |
| Mar 31, 2026 | 454.63 Bn |
| Dec 31, 2025 | 431.14 Bn |
| Sep 30, 2025 | 406.28 Bn |
| Jun 30, 2025 | 386.63 Bn |
| Mar 31, 2025 | 364.77 Bn |
| Dec 31, 2024 | 347.67 Bn |
| Sep 30, 2024 | 332.84 Bn |
| Jun 30, 2024 | 320.11 Bn |
| Mar 31, 2024 | 318.59 Bn |
| Dec 31, 2023 | 312.49 Bn |
| Sep 30, 2023 | 292.22 Bn |
| Jun 30, 2023 | 253.46 Bn |
| Mar 31, 2023 | 242.89 Bn |
| Dec 31, 2022 | 231.25 Bn |
| Sep 30, 2022 | 222.19 Bn |
| Jun 30, 2022 | 216.32 Bn |
| Mar 31, 2022 | 212.85 Bn |
| Dec 31, 2021 | 213.27 Bn |
| Sep 30, 2021 | 205.27 Bn |
API Access
Microsoft Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=MSFT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "MSFT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=MSFT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();