Capital Expenditures for Microsoft (MSFT)
According to Microsoft's latest reported financial statements, the company's current capital expenditures (TTM) is $97.22B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MSFT
Currently viewingCapital ExpendituresSwitch metric
Latest period
$97.22B
YoY change
+45.1%
5Y CAGR
+33.1%
Peak year (2025)
$64.55B
Cumulative capital expenditures
$281.21B
CapEx history chart for Microsoft (MSFT) from 1989 to 2025
CapEx history table for Microsoft (MSFT) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $64.55B | +45.1% | ||
| 2024 | $44.48B | +58.2% | ||
| 2023 | $28.11B | +17.7% | ||
| 2022 | $23.89B | +15.8% | ||
| 2021 | $20.62B | +33.6% | ||
| 2020 | $15.44B | +10.9% | ||
| 2019 | $13.93B | +19.7% | ||
| 2018 | $11.63B | +43.1% | ||
| 2017 | $8.13B | -2.6% | ||
| 2016 | $8.34B | +40.4% | ||
| 2015 | $5.94B | +8.4% | ||
| 2014 | $5.49B | +28.8% | ||
| 2013 | $4.26B | +84.7% | ||
| 2012 | $2.31B | -2.1% | ||
| 2011 | $2.35B | +19.1% | ||
| 2010 | $1.98B | -36.6% | ||
| 2009 | $3.12B | -2.0% | ||
| 2008 | $3.18B | +40.5% | ||
| 2007 | $2.26B | +43.5% | ||
| 2006 | $1.58B | +94.3% | ||
| 2005 | $812.00M | -26.8% | ||
| 2004 | $1.11B | +24.5% | ||
| 2003 | $891.00M | +15.7% | ||
| 2002 | $770.00M | -30.2% | ||
| 2001 | $1.10B | +25.5% | ||
| 2000 | $879.00M | +50.8% | ||
| 1999 | $583.00M | -11.1% | ||
| 1998 | $656.00M | +31.5% | ||
| 1997 | $499.00M | +1.0% | ||
| 1996 | $494.00M | -0.2% | ||
| 1995 | $495.00M | +78.1% | ||
| 1994 | $278.00M | +17.8% | ||
| 1993 | $236.00M | -25.5% | ||
| 1992 | $316.60M | +19.7% | ||
| 1991 | $264.40M | +67.2% | ||
| 1990 | $158.10M | +76.8% | ||
| 1989 | $89.40M | — |
CapEx values are taken from Microsoft's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Microsoft (MSFT) reported capital expenditures of $64.55B – surged 45.1% year-over-year.
Microsoft capital expenditures has grown for 8 consecutive years, with a +33.1% compound annual growth rate over 2020–2025 (5 years).
2025 marks the peak capital expenditures at $64.55B, with the historical low of $89.40M recorded in 1989.
Microsoft (MSFT) sits 2nd of 8 Technology peers we track on this metric, against a peer median of $9.38B.
Microsoft Capital Expenditures by Year
Microsoft Capital Expenditures 2025: $64.55B
Microsoft capital expenditures in 2025 was $64.55B, surged 45.1% from 2024. This figure represents the highest annual value in the available history.
Microsoft Capital Expenditures 2024: $44.48B
Microsoft capital expenditures in 2024 was $44.48B, surged 58.2% from 2023.
Microsoft Capital Expenditures 2023: $28.11B
Microsoft capital expenditures in 2023 was $28.11B, grew 17.7% from 2022.
Microsoft Capital Expenditures 2022: $23.89B
Microsoft capital expenditures in 2022 was $23.89B, grew 15.8% from 2021.
Microsoft Capital Expenditures 2021: $20.62B
Microsoft capital expenditures in 2021 was $20.62B.
See more financial history for Microsoft (MSFT).
Sector peers — CapEx
Companies in the same sector as Microsoft, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Oracle Corporation (ORCL) | $21.21B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Microsoft's capital expenditures?
- Latest reported capital expenditures for Microsoft (MSFT) is $97.22B (period ending March 31, 2026).
How has Microsoft capital expenditures changed year-over-year?
- Microsoft (MSFT) capital expenditures changed +45.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Microsoft capital expenditures?
- Microsoft (MSFT) capital expenditures compound annual growth rate is +33.1% over the most recent 5 years available.
When did Microsoft capital expenditures hit its highest annual value?
- Microsoft capital expenditures reached its highest annual value of $64.55B in 2025.
What was Microsoft capital expenditures in 2024?
- Microsoft (MSFT) capital expenditures in 2024 was $44.48B.
What was Microsoft capital expenditures in 2025?
- Microsoft (MSFT) capital expenditures in 2025 was $64.55B.
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