Microsoft Corporation(MSFT)
Software - Infrastructure · Redmond, WA
$499.70-10.42 (-2.04%)
Delayed quote: Sep 4, 2026, 4:00 PM EDT
Software - Infrastructure · Redmond, WA
Delayed quote: Sep 4, 2026, 4:00 PM EDT
Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 20.90% is in line with its 5-year average of 22.81%, near the low end of its 5-year range (20.90%–26.72%).
As of the fiscal period ended Tuesday, June 30, 2026. 2.94% below its 12-month average of 21.53%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
20.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
21.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
21.98%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
22.81%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
19.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
18.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
21.53%
CURRENT VS TTM AVG
-2.94%
CURRENT VS 3Y AVG
-4.95%
CURRENT VS 5Y AVG
-8.40%
CURRENT VS 10Y AVG
+9.99%
CURRENT VS 15Y AVG
+13.25%
CURRENT VS 20Y AVG
-2.93%
SECTOR MEDIAN · TECHNOLOGY
8.17%
median of 193 covered companies
CURRENT VS SECTOR MEDIAN
+155.78%
vs the sector median at left
Microsoft Corporation
Market Cap
$3.71T
Return on Invested Capital (ROIC)
20.90%
TTM Avg
21.53%
3Y Avg
21.98%
5Y Avg
22.81%
Market Cap
$4.70T
Return on Invested Capital (ROIC)
51.87%
TTM Avg
48.56%
3Y Avg
46.94%
5Y Avg
45.10%
Market Cap
$4.10T
Return on Invested Capital (ROIC)
15.14%
TTM Avg
23.91%
3Y Avg
22.93%
5Y Avg
21.17%
Market Cap
$2.78T
Return on Invested Capital (ROIC)
8.48%
TTM Avg
12.01%
3Y Avg
9.06%
5Y Avg
9.07%
Market Cap
$457.51B
Return on Invested Capital (ROIC)
7.99%
TTM Avg
9.43%
3Y Avg
10.21%
5Y Avg
10.72%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Microsoft Corporation (MSFT) | $3.71T | 20.90% | 21.53% | 21.98% | 22.81% |
| Apple Inc. (AAPL)vs › | $4.70T | 51.87% | 48.56% | 46.94% | 45.10% |
| Alphabet Inc. (GOOGL)vs › | $4.10T | 15.14% | 23.91% | 22.93% | 21.17% |
| Amazon.com, Inc. (AMZN)vs › | $2.78T | 8.48% | 12.01% | 9.06% | 9.07% |
| Oracle Corporation (ORCL)vs › | $457.51B | 7.99% | 9.43% | 10.21% | 10.72% |
| Salesforce, Inc. (CRM)vs › | $212.31B | 8.78% | 8.41% | 5.81% | 4.14% |
ROIC
20.9%
ROE
30.2%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 20.90% |
| 2026-03-31 | 21.31% |
| 2025-12-31 | 21.48% |
| 2025-09-30 | 21.94% |
| 2025-06-30 | 22.02% |
| 2025-03-31 | 22.11% |
| 2024-12-31 | 22.33% |
| 2024-09-30 | 22.53% |
| 2024-06-30 | 22.61% |
| 2024-03-31 | 22.29% |
| 2023-12-31 | 21.64% |
| 2023-09-30 | 21.73% |
| 2023-06-30 | 22.91% |
| 2023-03-31 | 22.89% |
| 2022-12-31 | 23.58% |
| 2022-09-30 | 25.29% |
| 2022-06-30 | 26.59% |
| 2022-03-31 | 26.72% |
| 2021-12-31 | 26.22% |
| 2021-09-30 | 25.87% |
| 2021-06-30 | 23.80% |
| 2021-03-31 | 22.57% |
| 2020-12-31 | 21.00% |
| 2020-09-30 | 19.89% |
| 2020-06-30 | 19.00% |
| 2020-03-31 | 19.98% |
| 2019-12-31 | 19.12% |
| 2019-09-30 | 18.17% |
| 2019-06-30 | 17.33% |
| 2019-03-31 | 15.85% |
| 2018-12-31 | 15.40% |
| 2018-09-30 | 9.87% |
| 2018-06-30 | 9.44% |
| 2018-03-31 | 8.77% |
| 2017-12-31 | 7.92% |
| 2017-09-30 | 12.34% |
| 2017-06-30 | 12.09% |
| 2017-03-31 | 10.97% |
| 2016-12-31 | 10.37% |
| 2016-09-30 | 10.46% |
| 2016-06-30 | 11.68% |
| 2016-03-31 | 7.53% |
| 2015-12-31 | 8.41% |
| 2015-09-30 | 9.35% |
| 2015-06-30 | 9.04% |
| 2015-03-31 | 14.19% |
| 2014-12-31 | 14.93% |
| 2014-09-30 | 16.39% |
| 2014-06-30 | 17.11% |
| 2014-03-31 | 18.03% |
| 2013-12-31 | 18.66% |
| 2013-09-30 | 20.29% |
| 2013-06-30 | 20.03% |
| 2013-03-31 | 15.43% |
| 2012-12-31 | 15.32% |
| 2012-09-30 | 16.42% |
| 2012-06-30 | 18.48% |
| 2012-03-31 | 24.98% |
| 2011-12-31 | 26.23% |
| 2011-09-30 | 27.76% |
| 2011-06-30 | 28.02% |
| 2011-03-31 | 27.91% |
| 2010-12-31 | 29.46% |
| 2010-09-30 | 30.05% |
| 2010-06-30 | 29.65% |
| 2010-03-31 | 27.26% |
| 2009-12-31 | 27.20% |
| 2009-09-30 | 25.33% |
| 2009-06-30 | 28.32% |
| 2009-03-31 | 34.28% |
| 2008-12-31 | 38.44% |
| 2008-09-30 | 39.80% |
| 2008-06-30 | 38.92% |
| 2008-03-31 | 35.29% |
| 2007-12-31 | 35.42% |
| 2007-09-30 | 32.54% |
| 2007-06-30 | 32.88% |
| 2007-03-31 | 30.08% |
| 2006-12-31 | 24.33% |
| 2006-09-30 | 26.88% |
| 2006-06-30 | 24.10% |
| 2006-03-31 | 24.23% |
| 2005-12-31 | 22.35% |
| 2005-09-30 | 20.52% |
| 2005-06-30 | 19.89% |
| 2005-03-31 | 20.02% |
| 2004-12-31 | 16.99% |
| 2004-09-30 | 8.01% |
| 2004-06-30 | 7.62% |
| 2004-03-31 | 7.15% |
| 2003-12-31 | 8.90% |
| 2003-09-30 | 10.14% |
| 2003-06-30 | 10.25% |