Arista Networks annual free cash flow
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Arista Networks Free Cash Flow (FCF) History (ANET)
Arista Networks reported $4.25B in free cash flow for fiscal 2025, an increase of 15.67% from the previous fiscal year, with a free cash flow margin of 47.22%.
View full Arista Networks company overviewArista Networks free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.25B | $576.2M | +15.67% | +47.22% |
| 2024 | 2024-12-31 | $3.68B | $1.68B | +83.85% | +52.49% |
| 2023 | 2023-12-31 | $2.00B | $1.55B | +346.17% | +34.12% |
| 2022 | 2022-12-31 | $448.2M | −$503.0M | −52.88% | +10.23% |
| 2021 | 2021-12-31 | $951.1M | $231.4M | +32.15% | +32.26% |
| 2020 | 2020-12-31 | $719.7M | −$227.6M | −24.02% | +31.06% |
| 2019 | 2019-12-31 | $947.3M | $468.0M | +97.64% | +39.29% |
| 2018 | 2018-12-31 | $479.3M | −$137.1M | −22.24% | +22.28% |
| 2017 | 2017-12-31 | $616.3M | $463.5M | +303.17% | +37.44% |
| 2016 | 2016-12-31 | $152.9M | −$64.9M | −29.81% | +13.54% |
| 2015 | 2015-12-31 | $217.8M | $99.1M | +83.42% | +26.00% |
| 2014 | 2014-12-31 | $118.7M | $104.4M | +728.50% | +20.33% |
| 2013 | 2013-12-31 | $14.3M | −$8.7M | −37.67% | +3.97% |
| 2012 | 2012-12-31 | $23.0M | — | — | +11.89% |
Arista Networks quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.05B | −$122.8M | −10.44% | +34.70% |
| Q1 2026 | 2026-03-31 | $1.64B | $1.03B | +167.24% | +60.50% |
| Q4 2025 | 2025-12-31 | $1.22B | $206.4M | +20.27% | +49.24% |
| Q3 2025 | 2025-09-30 | $1.24B | $70.6M | +6.05% | +53.64% |
| Q2 2025 | 2025-06-30 | $1.18B | $190.3M | +19.30% | +53.34% |
| Q1 2025 | 2025-03-31 | $613.3M | $108.9M | +21.59% | +30.59% |
| Q4 2024 | 2024-12-31 | $1.02B | $498.0M | +95.69% | +52.76% |
| Q3 2024 | 2024-09-30 | $1.17B | $479.7M | +69.75% | +64.47% |
| Q2 2024 | 2024-06-30 | $985.8M | $563.3M | +133.32% | +58.32% |
| Q1 2024 | 2024-03-31 | $504.4M | $135.5M | +36.75% | +32.10% |
| Q4 2023 | 2023-12-31 | $520.5M | $490.5M | +1634.16% | +33.79% |
| Q3 2023 | 2023-09-30 | $687.8M | $564.1M | +456.15% | +45.56% |
| Q2 2023 | 2023-06-30 | $422.5M | $330.3M | +358.11% | +28.96% |
| Q1 2023 | 2023-03-31 | $368.9M | $166.6M | +82.36% | +27.30% |
| Q4 2022 | 2022-12-31 | $30.0M | −$185.9M | −86.10% | +2.35% |
| Q3 2022 | 2022-09-30 | $123.7M | −$103.0M | −45.45% | +10.51% |
| Q2 2022 | 2022-06-30 | $92.2M | −$166.7M | −64.38% | +8.77% |
| Q1 2022 | 2022-03-31 | $202.3M | −$47.3M | −18.96% | +23.06% |
| Q4 2021 | 2021-12-31 | $216.0M | $36.7M | +20.48% | +26.19% |
| Q3 2021 | 2021-09-30 | $226.7M | $14.1M | +6.63% | +30.28% |
| Q2 2021 | 2021-06-30 | $258.9M | $122.8M | +90.16% | +36.60% |
| Q1 2021 | 2021-03-31 | $249.6M | $57.8M | +30.17% | +37.39% |
| Q4 2020 | 2020-12-31 | $179.2M | −$145.5M | −44.80% | +27.64% |
| Q3 2020 | 2020-09-30 | $212.6M | −$52.1M | −19.69% | +35.12% |
| Q2 2020 | 2020-06-30 | $136.1M | −$56.8M | −29.45% | +25.19% |
| Q1 2020 | 2020-03-31 | $191.7M | $26.9M | +16.30% | +36.66% |
| Q4 2019 | 2019-12-31 | $324.7M | $35.1M | +12.13% | +58.77% |
| Q3 2019 | 2019-09-30 | $264.7M | $388.1M | — | +40.45% |
| Q2 2019 | 2019-06-30 | $193.0M | $69.1M | +55.82% | +31.72% |
| Q1 2019 | 2019-03-31 | $164.9M | −$24.3M | −12.87% | +27.69% |
| Q4 2018 | 2018-12-31 | $289.6M | $109.1M | +60.41% | +48.61% |
| Q3 2018 | 2018-09-30 | −$123.4M | −$326.6M | — | −21.90% |
| Q2 2018 | 2018-06-30 | $123.8M | $49.5M | +66.59% | +23.82% |
| Q1 2018 | 2018-03-31 | $189.2M | $31.0M | +19.59% | +40.04% |
| Q4 2017 | 2017-12-31 | $180.5M | $119.9M | +197.77% | +38.59% |
| Q3 2017 | 2017-09-30 | $203.2M | $240.3M | — | +46.44% |
| Q2 2017 | 2017-06-30 | $74.3M | $13.6M | +22.35% | +18.35% |
| Q1 2017 | 2017-03-31 | $158.2M | $89.7M | +130.99% | +47.16% |
| Q4 2016 | 2016-12-31 | $60.6M | −$87.1M | −58.96% | +18.49% |
| Q3 2016 | 2016-09-30 | −$37.0M | −$42.5M | — | −12.75% |
| Q2 2016 | 2016-06-30 | $60.8M | $11.8M | +24.07% | +22.61% |
| Q1 2016 | 2016-03-31 | $68.5M | $52.9M | +338.21% | +28.28% |
| Q4 2015 | 2015-12-31 | $147.7M | $116.9M | +379.29% | +60.20% |
| Q3 2015 | 2015-09-30 | $5.4M | −$27.1M | −83.28% | +2.50% |
| Q2 2015 | 2015-06-30 | $49.0M | $8.2M | +20.09% | +25.04% |
| Q1 2015 | 2015-03-31 | $15.6M | $1.0M | +7.16% | +8.73% |
| Q4 2014 | 2014-12-31 | $30.8M | $2.2M | +7.85% | +17.77% |
| Q3 2014 | 2014-09-30 | $32.5M | — | — | +20.94% |
| Q2 2014 | 2014-06-30 | $40.8M | — | — | +29.56% |
| Q1 2014 | 2014-03-31 | $14.6M | — | — | +12.44% |
| Q3 2013 | 2013-09-30 | $28.6M | — | — | +28.13% |
Arista Networks free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $719.7M to $4.25B, a compound annual growth rate of 42.66%. Arista Networks's latest reported quarter, Q2 2026, generated $1.05B in free cash flow, a decrease of 10.44% 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 Arista Networks filings at SEC.gov ↗