Microsoft (MSFT) Return on Capital Employed (2009 - 2026)
Microsoft (MSFT) posted Return on Capital Employed of 27.85% for Q2 2026, up 1.53% sequentially from 27.43% in Q1 2026, and down 74.0% YoY from 107.1% in Q2 2025.
Microsoft (MSFT) Return on Capital Employed (2009 - 2026) Analysis & Trends
Microsoft has reported Return on Capital Employed for 18 years, with the latest figure at 27.85% in Q2 2026.
- Quarterly Return on Capital Employed fell 74.0% year-over-year to 27.85% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 27.85% (down 74.0% YoY) and the FY2026 annual result came in at 29.86%, down 43.0% from the prior year.
- Return on Capital Employed rose to 27.85% in Q2 2026 per MSFT's latest filing, from 27.43% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 32.11% in Q2 2022 and troughed at 27.37% in Q4 2025.
- A 5-year average of 29.22% and a median of 29.41% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed jumped 350 bps in 2022, then slumped 277 bps in 2024.
- Over 5 years, Return on Capital Employed stood at 29.53% in 2022, then grew by 1 bps to 29.82% in 2023, then slipped by 6 bps to 28.05% in 2024, then retreated by 2 bps to 27.37% in 2025, then advanced by 2 bps to 27.85% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 27.85%, 27.43%, and 27.37% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 27.85% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 9.73% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 28.02% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 3.83% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 44.16% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -9.60% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.98% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -0.51% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 4.02% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 26.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.85% |
| Mar 31, 2026 | 27.43% |
| Dec 31, 2025 | 27.37% |
| Sep 30, 2025 | 27.59% |
| Jun 30, 2025 | 28.59% |
| Mar 31, 2025 | 28.14% |
| Dec 31, 2024 | 28.05% |
| Sep 30, 2024 | 28.10% |
| Jun 30, 2024 | 29.34% |
| Mar 31, 2024 | 29.47% |
| Dec 31, 2023 | 29.82% |
| Sep 30, 2023 | 30.88% |
| Jun 30, 2023 | 30.33% |
| Mar 31, 2023 | 29.59% |
| Dec 31, 2022 | 29.53% |
| Sep 30, 2022 | 30.80% |
| Jun 30, 2022 | 32.11% |
| Mar 31, 2022 | 30.92% |
| Dec 31, 2021 | 30.20% |
| Sep 30, 2021 | 29.24% |