The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Microsoft

Capital · out

~$145B/yr out: ~$97B capex + ~$26B dividends + ~$22B buybacks (TTM)

high confidence · as of 2026-07-26 · about Microsoft

Sourced figures 1


the working

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Microsoft.