Every MSFT drawdown of 20% or more since April 2012
5 declines, oldest first. Depth is measured on daily closing prices from the prior high. "Back at the high" is the first day the price closed at or above that prior high.
| Peak | Low | Depth | Peak to low | Back at the high | Low to new high | Backdrop |
|---|---|---|---|---|---|---|
| Before April 2012Already 30.4% below its high when our data starts | Dec 4, 2012 | -41.6% | Not shown | Jul 16, 2014 | 589 daysabout 19 months | — |
| Feb 10, 2020 | Mar 16, 2020 | -28.0% | 35 days | Jun 8, 2020 | 84 days | COVID-19 selloff |
| Nov 19, 2021 | Nov 3, 2022 | -37.1% | 349 daysabout 11 months | Jun 15, 2023 | 224 daysabout 7 months | 2022 rate-hike bear market |
| Jul 5, 2024 | Apr 8, 2025 | -23.7% | 277 daysabout 9 months | Jun 5, 2025 | 58 days | — |
| Oct 28, 2025 | Jun 25, 2026 | -34.9% | 240 daysabout 8 months | Oct 13, 2026 | 110 daysabout 4 months | — |
Our MSFT data runs from Apr 26, 2012 to Oct 30, 2026. Highs set before that date still count, so a decline that was already under way on the first day is shown from its low in our data and marked as such. Days are calendar days. The backdrop column names a period only where both the peak and the low fall inside a very well-known market episode.
What the history shows
- -The deepest decline was 41.6%, reaching its low on Dec 4, 2012 after a decline that began before our data.
- -The fastest 20%+ fall took 35 days (28.0%, February 2020 to March 2020).
- -Completed recoveries took a median of 110 days (about 4 months) from trough to a new high, ranging from 58 days to 589 days (about 19 months).
- -Every 20%+ decline in our data had recovered to a new high as of Oct 30, 2026.
A fall of 20% or more from a high is the usual rule of thumb for a bear market, and single stocks have them far more often than broad indexes. These figures describe what happened to MSFT in the past. They do not predict what comes next and are not advice to buy or sell. Learn more in What Is a Drawdown? and Drawdowns vs Corrections vs Bear Markets.
Frequently Asked Questions
What is Microsoft's worst drawdown since April 2012?
The deepest decline in our data, which starts in April 2012, took Microsoft 41.6% below its prior high, with the low on Dec 4, 2012. That decline was already under way when our data begins (MSFT was 30.4% below its high on the first day), so its starting peak is not shown. The stock closed back at its prior high on Jul 16, 2014, 589 days (about 19 months) after the trough.
How many times has MSFT fallen 20% or more?
In our data, which runs from April 2012 to Oct 30, 2026, Microsoft (MSFT) has had 5 drawdowns of 20% or more, and 3 of them reached 30% or more. That is 5 episodes in about 15 years of data. The first one was already under way when the data starts, so it is counted from the low shown in the table rather than from its original peak.
How long does MSFT take to recover from a 20% drawdown?
Measured from the trough to the first close back at the prior high, Microsoft's completed 20%+ drawdowns took a median of 110 days (about 4 months). The quickest was 58 days (July 2024 to April 2025) and the slowest was 589 days (about 19 months) (the decline that bottomed in December 2012). Past recovery times describe what happened, not what will happen next.
How far is MSFT below its high right now?
As of Oct 30, 2026, Microsoft (MSFT) is 4.0% below its high, and has been below it for 13 days. This page is rebuilt from our daily data, and the live figure is on the MSFT ticker page.
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