Fiber reinforced polymer matrix composites are widely used to provide protection against ballistic impact and blast events. There are several factors that govern the structural response and mechanical properties of a textile composite structure, of which the fiber-matrix interfacial behavior is a crucial determinant. This paper reviews the microbond or microdroplet test methodology that is used to characterize the fiber-matrix interfacial behavior, particularly the interface shear strength (IFSS). The various analytical, experimental, and numerical approaches applied to the microbond test are reviewed in detail.