Return on Invested Capital snapshot
Microsoft Corporation's return on invested capital was 26.3% in FY2025, compared with 27.2% in FY2024. On a trailing-twelve-month basis it was 24.9% as of Q3 FY26. Return on invested capital (ROIC) is after-tax operating profit divided by invested capital (debt plus equity, less cash). It measures the return a company earns on the total capital put to work in the business.
Return on Invested Capital (latest FY)
26.3%
Return on Invested Capital (TTM)
24.9%
Return on equity (latest FY)
29.6%
Return on assets (latest FY)
16.5%
Microsoft Corporation Return on Invested Capital
After-tax operating profit ÷ invested capital
Return on Invested Capital vs. related metrics
Microsoft Corporation Return on Invested Capital — by fiscal year
| Fiscal year | Return on invested capital | Return on equity | Return on assets |
|---|---|---|---|
| FY2025 | 26.3% | 29.6% | 16.5% |
| FY2024 | 27.2% | 32.8% | 17.2% |
| FY2023 | 30.4% | 35.1% | 17.6% |
| FY2022 | 33.3% | 43.7% | 19.9% |
| FY2021 | 30.4% | 43.2% | 18.4% |
| FY2020 | 24.9% | 37.4% | 14.7% |
| FY2019 | 22.7% | 38.3% | 13.7% |
| FY2018 | 10.5% | 20.0% | 6.4% |
| FY2017 | 13.9% | 29.1% | 10.2% |
| FY2016 | 14.6% | 24.7% | 10.6% |
| FY2015 | 10.4% | 15.2% | 7.0% |
| FY2014 | 20.8% | 24.6% | 12.8% |
| FY2013 | 23.8% | 27.7% | 15.3% |
| FY2012 | 23.3% | 25.6% | 14.0% |
| FY2011 | 37.7% | 40.6% | 21.3% |
| FY2010 | 38.0% | 40.6% | 21.8% |
| FY2009 | 38.2% | 36.8% | 18.7% |
| FY2008 | — | 48.7% | — |
| FY2007 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Return on invested capital | Return on equity | Return on assets |
|---|---|---|---|
| Q3 FY26 | 24.9% | 30.2% | 18.0% |
| Q2 FY26 | 24.8% | 30.5% | 17.9% |
| Q1 FY26 | 25.9% | 28.9% | 16.5% |
| Q4 FY25 | 26.3% | 29.6% | 16.5% |
| Q3 FY25 | 26.6% | 30.0% | 17.2% |
| Q2 FY25 | 26.2% | 30.6% | 17.4% |
| Q1 FY25 | 26.9% | 31.5% | 17.3% |
| Q4 FY24 | 27.2% | 32.8% | 17.2% |
| Q3 FY24 | 26.9% | 34.0% | 17.8% |
| Q2 FY24 | 26.0% | 34.6% | 17.5% |
| Q1 FY24 | 33.1% | 34.9% | 17.3% |
| Q4 FY23 | 30.4% | 35.1% | 17.6% |
Figures normalized from SEC filings. See the full Microsoft Corporation ratios & metrics.