Latest period
$116B
YoY change
+79.6%
5Y CAGR
+41.2%
Peak year (FY2026)
$116B
Cumulative CapEx
$397B
CapEx history chart for Microsoft (MSFT) from 2017 to 2026
Latest: $116B
CapEx growth chart for Microsoft (MSFT) from 2017 to 2026
Latest: +79.6%
CapEx history table for Microsoft (MSFT) from 1989 to 2026
| FY2026 | $116B | +79.6% | +$51.4B | ||
| FY2025 | $64.6B | +45.1% | +$20.1B | ||
| FY2024 | $44.5B | +58.2% | +$16.4B | ||
| FY2023 | $28.1B | +17.7% | +$4.22B | ||
| FY2022 | $23.9B | +15.8% | +$3.26B | ||
| FY2021 | $20.6B | +33.6% | +$5.18B | ||
| FY2020 | $15.4B | +10.9% | +$1.52B | ||
| FY2019 | $13.9B | +19.7% | +$2.29B | ||
| FY2018 | $11.6B | +43.1% | +$3.5B | ||
| FY2017 | $8.13B | -2.6% | -$214M | ||
| FY2016 | $8.34B | +40.4% | +$2.4B | ||
| FY2015 | $5.94B | +8.4% | +$459M | ||
| FY2014 | $5.49B | +28.8% | +$1.23B | ||
| FY2013 | $4.26B | +84.7% | +$1.95B | ||
| FY2012 | $2.31B | -2.1% | -$50M | ||
| FY2011 | $2.36B | +19.1% | +$378M | ||
| FY2010 | $1.98B | -36.6% | -$1.14B | ||
| FY2009 | $3.12B | -2.0% | -$63M | ||
| FY2008 | $3.18B | +40.5% | +$918M | ||
| FY2007 | $2.26B | +43.5% | +$686M | ||
| FY2006 | $1.58B | +94.3% | +$766M | ||
| FY2005 | $812M | -26.8% | -$297M | ||
| FY2004 | $1.11B | +24.5% | +$218M | ||
| FY2003 | $891M | +15.7% | +$121M | ||
| FY2002 | $770M | -30.2% | -$333M | ||
| FY2001 | $1.1B | +25.5% | +$224M | ||
| FY2000 | $879M | +50.8% | +$296M | ||
| FY1999 | $583M | -11.1% | -$73M | ||
| FY1998 | $656M | +31.5% | +$157M | ||
| FY1997 | $499M | +1.0% | +$5M | ||
| FY1996 | $494M | -0.2% | -$1M | ||
| FY1995 | $495M | +78.1% | +$217M | ||
| FY1994 | $278M | +17.8% | +$42M | ||
| FY1993 | $236M | -25.5% | -$80.6M | ||
| FY1992 | $317M | +19.7% | +$52.2M | ||
| FY1991 | $264M | +67.2% | +$106M | ||
| FY1990 | $158M | +76.8% | +$68.7M | ||
| FY1989 | $89.4M | — | — |
- FY2026$116B+79.6%
- FY2025$64.6B+45.1%
- FY2024$44.5B+58.2%
- FY2023$28.1B+17.7%
- FY2022$23.9B+15.8%
- FY2021$20.6B+33.6%
- FY2020$15.4B+10.9%
- FY2019$13.9B+19.7%
- FY2018$11.6B+43.1%
- FY2017$8.13B-2.6%
- FY2016$8.34B+40.4%
- FY2015$5.94B+8.4%
- FY2014$5.49B+28.8%
- FY2013$4.26B+84.7%
- FY2012$2.31B-2.1%
- FY2011$2.36B+19.1%
- FY2010$1.98B-36.6%
- FY2009$3.12B-2.0%
- FY2008$3.18B+40.5%
- FY2007$2.26B+43.5%
- FY2006$1.58B+94.3%
- FY2005$812M-26.8%
- FY2004$1.11B+24.5%
- FY2003$891M+15.7%
- FY2002$770M-30.2%
- FY2001$1.1B+25.5%
- FY2000$879M+50.8%
- FY1999$583M-11.1%
- FY1998$656M+31.5%
- FY1997$499M+1.0%
- FY1996$494M-0.2%
- FY1995$495M+78.1%
- FY1994$278M+17.8%
- FY1993$236M-25.5%
- FY1992$317M+19.7%
- FY1991$264M+67.2%
- FY1990$158M+76.8%
- FY1989$89.4M—
CapEx values are taken from Microsoft's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Microsoft (MSFT)
According to Microsoft's latest reported financial statements, the company's current CapEx (TTM) is $116B. 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 .
As of the 2026 fiscal year, Microsoft (MSFT) reported CapEx of $116B – surged 79.6% year-over-year.
Microsoft CapEx has grown for 9 consecutive years, with a +41.2% compound annual growth rate over 2021–2026 (5 years).
2026 marks the peak CapEx at $116B, with the historical low of $89.4M recorded in 1989.
Microsoft Capital Expenditures by Year
Microsoft Capital Expenditures 2026: $116B
In 2026, Microsoft reported CapEx of $116B, surged 79.6% from 2025. This figure represents the highest annual value in the available history.
Microsoft Capital Expenditures 2025: $64.6B
Microsoft CapEx in 2025 was $64.6B, surged 45.1% from 2024.
Microsoft Capital Expenditures 2024: $44.5B
2024's CapEx for Microsoft came in at $44.5B, surged 58.2% from 2023.
Microsoft Capital Expenditures 2023: $28.1B
Microsoft posted CapEx of $28.1B in 2023, grew 17.7% from 2022.
Microsoft Capital Expenditures 2022: $23.9B
Microsoft CapEx in 2022 was $23.9B.
See more financial history for Microsoft (MSFT).
Sector peers by CapEx
Technology peers of Microsoft (MSFT), ranked by their latest CapEx
| $41.5B | |
| $15.9B | |
| $12.7B | |
| $6.04B | |
| $1.76B | |
| $974M | |
| $623M |
- $41.5B
- $15.9B
- $12.7B
- $6.04B
- $1.76B
- $974M
- $623M
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