Apple annual free cash flow
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2025
Apple Free Cash Flow (FCF) History (AAPL)
Apple reported $98.77B in free cash flow for fiscal 2025, a decrease of 9.23% from the previous fiscal year, with a free cash flow margin of 23.73%.
View full Apple company overviewApple free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-09-27 | $98.77B | −$10.04B | −9.23% | +23.73% |
| 2024 | 2024-09-28 | $108.81B | $9.22B | +9.26% | +27.83% |
| 2023 | 2023-09-30 | $99.58B | −$11.86B | −10.64% | +25.98% |
| 2022 | 2022-09-24 | $111.44B | $18.49B | +19.89% | +28.26% |
| 2021 | 2021-09-25 | $92.95B | $19.59B | +26.70% | +25.41% |
| 2020 | 2020-09-26 | $73.36B | $14.47B | +24.57% | +26.73% |
| 2019 | 2019-09-28 | $58.90B | −$5.22B | −8.15% | +22.64% |
| 2018 | 2018-09-29 | $64.12B | $12.35B | +23.85% | +24.14% |
| 2017 | 2017-09-30 | $51.77B | −$1.72B | −3.22% | +22.59% |
| 2016 | 2016-09-24 | $53.50B | −$16.52B | −23.60% | +24.81% |
| 2015 | 2015-09-26 | $70.02B | $19.88B | +39.64% | +29.96% |
| 2014 | 2014-09-27 | $50.14B | $4.64B | +10.20% | +27.43% |
| 2013 | 2013-09-28 | $45.50B | $2.94B | +6.91% | +26.62% |
| 2012 | 2012-09-29 | $42.56B | $9.29B | +27.93% | +27.19% |
| 2011 | 2011-09-24 | $33.27B | $16.68B | +100.54% | +30.73% |
| 2010 | 2010-09-25 | $16.59B | $7.58B | +84.03% | +25.44% |
| 2009 | 2009-09-26 | $9.02B | $510.0M | +6.00% | +21.01% |
| 2008 | 2008-09-27 | $8.51B | $3.77B | +79.62% | +22.69% |
| 2007 | 2007-09-29 | $4.74B | — | — | +19.27% |
Apple quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q3 2026 | 2026-06-27 | $31.91B | $7.51B | +30.77% | +29.17% |
| Q2 2026 | 2026-03-28 | $26.73B | $5.85B | +28.02% | +24.04% |
| Q1 2026 | 2025-12-27 | $51.55B | $24.56B | +90.97% | +35.86% |
| Q4 2025 | 2025-09-27 | $26.49B | $2.58B | +10.81% | +25.85% |
| Q3 2025 | 2025-06-28 | $24.41B | −$2.30B | −8.62% | +25.95% |
| Q2 2025 | 2025-03-29 | $20.88B | $187.0M | +0.90% | +21.90% |
| Q1 2025 | 2024-12-28 | $27.00B | −$10.51B | −28.02% | +21.72% |
| Q4 2024 | 2024-09-28 | $23.90B | $4.47B | +22.99% | +25.18% |
| Q3 2024 | 2024-06-29 | $26.71B | $2.42B | +9.96% | +31.14% |
| Q2 2024 | 2024-03-30 | $20.69B | −$4.95B | −19.30% | +22.80% |
| Q1 2024 | 2023-12-30 | $37.50B | $7.29B | +24.11% | +31.36% |
| Q4 2023 | 2023-09-30 | $19.43B | −$1.40B | −6.73% | +21.72% |
| Q3 2023 | 2023-07-01 | $24.29B | $3.50B | +16.82% | +29.69% |
| Q2 2023 | 2023-04-01 | $25.64B | −$8.0M | −0.03% | +27.04% |
| Q1 2023 | 2022-12-31 | $30.22B | −$13.95B | −31.58% | +25.79% |
| Q4 2022 | 2022-09-24 | $20.84B | $3.86B | +22.74% | +23.12% |
| Q3 2022 | 2022-06-25 | $20.79B | $1.79B | +9.42% | +25.06% |
| Q2 2022 | 2022-03-26 | $25.65B | $3.94B | +18.15% | +26.37% |
| Q1 2022 | 2021-12-25 | $44.16B | $8.90B | +25.24% | +35.63% |
| Q4 2021 | 2021-09-25 | $16.98B | −$1.81B | −9.66% | +20.37% |
| Q3 2021 | 2021-06-26 | $19.00B | $4.29B | +29.21% | +23.33% |
| Q2 2021 | 2021-03-27 | $21.71B | $10.25B | +89.49% | +24.24% |
| Q1 2021 | 2020-12-26 | $35.26B | $6.85B | +24.13% | +31.64% |
| Q4 2020 | 2020-09-26 | $18.79B | $1.66B | +9.68% | +29.05% |
| Q3 2020 | 2020-06-27 | $14.71B | $5.07B | +52.62% | +24.64% |
| Q2 2020 | 2020-03-28 | $11.46B | $2.67B | +30.32% | +19.65% |
| Q1 2020 | 2019-12-28 | $28.41B | $5.07B | +21.74% | +30.94% |
| Q4 2019 | 2019-09-28 | $17.13B | $651.0M | +3.95% | +26.75% |
| Q3 2019 | 2019-06-29 | $9.64B | −$1.58B | −14.13% | +17.91% |
| Q2 2019 | 2019-03-30 | $8.79B | −$2.14B | −19.60% | +15.15% |
| Q1 2019 | 2018-12-29 | $23.34B | −$2.15B | −8.43% | +27.68% |
| Q4 2018 | 2018-09-29 | $16.48B | $4.60B | +38.69% | +26.20% |
| Q3 2018 | 2018-06-30 | $11.22B | $4.83B | +75.47% | +21.07% |
| Q2 2018 | 2018-03-31 | $10.94B | $1.34B | +13.97% | +17.89% |
| Q1 2018 | 2017-12-30 | $25.48B | $1.58B | +6.62% | +28.86% |
| Q4 2017 | 2017-09-30 | $11.88B | −$672.0M | −5.35% | +22.60% |
| Q3 2017 | 2017-07-01 | $6.39B | −$1.43B | −18.27% | +14.08% |
| Q2 2017 | 2017-04-01 | $9.60B | $330.0M | +3.56% | +18.14% |
| Q1 2017 | 2016-12-31 | $23.90B | $49.0M | +0.21% | +30.50% |
| Q4 2016 | 2016-09-24 | $12.56B | $2.70B | +27.38% | +26.80% |
| Q3 2016 | 2016-06-25 | $7.83B | −$5.12B | −39.55% | +18.47% |
| Q2 2016 | 2016-03-26 | $9.27B | −$7.45B | −44.56% | +18.33% |
| Q1 2016 | 2015-12-26 | $23.85B | −$6.65B | −21.81% | +31.44% |
| Q4 2015 | 2015-09-26 | $9.86B | $433.0M | +4.59% | +19.14% |
| Q3 2015 | 2015-06-27 | $12.95B | $5.07B | +64.34% | +26.10% |
| Q2 2015 | 2015-03-28 | $16.71B | $4.56B | +37.48% | +28.81% |
| Q1 2015 | 2014-12-27 | $30.50B | $9.82B | +47.47% | +40.89% |
| Q4 2014 | 2014-09-27 | $9.42B | $1.47B | +18.50% | +22.37% |
| Q3 2014 | 2014-06-28 | $7.88B | $1.93B | +32.54% | +21.04% |
| Q2 2014 | 2014-03-29 | $12.16B | $1.66B | +15.82% | +26.63% |
| Q1 2014 | 2013-12-28 | $20.68B | −$424.0M | −2.01% | +35.92% |
| Q4 2013 | 2013-09-28 | $7.95B | $2.28B | +40.14% | +21.22% |
| Q3 2013 | 2013-06-29 | $5.94B | −$2.19B | −26.93% | +16.82% |
| Q2 2013 | 2013-03-30 | $10.50B | −$2.02B | −16.17% | +24.07% |
| Q1 2013 | 2012-12-29 | $21.11B | $4.88B | +30.04% | +38.72% |
| Q4 2012 | 2012-09-29 | $5.67B | −$3.11B | −35.39% | +15.78% |
| Q3 2012 | 2012-06-30 | $8.13B | −$2.20B | −21.28% | +23.22% |
| Q2 2012 | 2012-03-31 | $12.52B | $6.92B | +123.77% | +31.95% |
| Q1 2012 | 2011-12-31 | $16.23B | $7.67B | +89.66% | +35.04% |
| Q4 2011 | 2011-09-24 | $8.78B | $3.86B | +78.43% | +31.07% |
| Q3 2011 | 2011-06-25 | $10.33B | $6.13B | +145.63% | +36.16% |
| Q2 2011 | 2011-03-26 | $5.59B | $3.54B | +172.13% | +22.68% |
| Q1 2011 | 2010-12-25 | $8.56B | $3.15B | +58.35% | +32.01% |
| Q4 2010 | 2010-09-25 | $4.92B | $2.27B | +85.70% | +24.20% |
| Q3 2010 | 2010-06-26 | $4.21B | $2.18B | +107.81% | +26.79% |
| Q2 2010 | 2010-03-27 | $2.06B | $1.31B | +177.46% | +15.23% |
| Q1 2010 | 2009-12-26 | $5.41B | $1.81B | +50.18% | +34.46% |
| Q4 2009 | 2009-09-26 | $2.65B | — | — | +21.72% |
| Q3 2009 | 2009-06-27 | $2.02B | — | — | +20.79% |
| Q2 2009 | 2009-03-28 | $741.0M | — | — | +8.16% |
| Q1 2009 | 2008-12-27 | $3.60B | — | — | +30.29% |
Apple free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $73.36B to $98.77B, a compound annual growth rate of 6.13%. Apple's latest reported quarter, Q3 2026, generated $31.91B in free cash flow, an increase of 30.77% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Apple filings at SEC.gov ↗