Microsoft (MSFT) Invested Capital (2009 - 2026)

Microsoft has disclosed Invested Capital across 18 years of filings, most recently posting $423.2 billion for Q1 2026.

• Invested Capital for Q1 2026 came in at $423.2 billion, up 30.26% year-over-year; the trailing twelve-month figure through Mar 2026 was $423.2 billion (up 30.26% YoY), and the FY2025 annual result was $346.5 billion, up 86954.77% from the prior year.
• Invested Capital came in at $423.2 billion for Q1 2026 at Microsoft, up from $113.5 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $423.2 billion in Q1 2026 to a low of -$2.5 billion in Q4 2022.
• The 5-year median for Invested Capital is $113.5 billion (2025), against an average of $133.0 billion.
• Across the five-year window, Invested Capital plunged 172.46% in 2022 and soared 86954.77% in 2025, its largest moves.
• Microsoft's Invested Capital stood at -$2.5 billion in 2022, then soared by 4154.07% to $99.7 billion in 2023, then plunged by 98.44% to $1.6 billion in 2024, then jumped by 7194.54% to $113.5 billion in 2025, then jumped by 272.86% to $423.2 billion in 2026.
• The last three Invested Capital figures came in at $423.2 billion (Q1 2026), $113.5 billion (Q4 2025), and $118.8 billion (Q3 2025), per Business Quant data.