Johnson & Johnson annual free cash flow
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2025
Johnson & Johnson Free Cash Flow (FCF) History (JNJ)
Johnson & Johnson reported $19.70B in free cash flow for fiscal 2025, a decrease of 0.73% from the previous fiscal year, with a free cash flow margin of 20.91%.
View full Johnson & Johnson company overviewJohnson & Johnson free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-28 | $19.70B | −$144.0M | −0.73% | +20.91% |
| 2024 | 2024-12-29 | $19.84B | $1.59B | +8.74% | +22.34% |
| 2023 | 2023-12-31 | $18.25B | $1.06B | +6.19% | +21.43% |
| 2022 | 2023-01-01 | $17.18B | −$2.57B | −13.02% | +21.48% |
| 2021 | 2022-01-02 | $19.76B | −$431.0M | −2.13% | +25.09% |
| 2020 | 2021-01-03 | $20.19B | $271.0M | +1.36% | +24.45% |
| 2019 | 2019-12-29 | $19.92B | $1.39B | +7.48% | +24.27% |
| 2018 | 2018-12-30 | $18.53B | $754.0M | +4.24% | +22.71% |
| 2017 | 2017-12-31 | $17.78B | $2.24B | +14.39% | +23.25% |
| 2016 | 2017-01-01 | $15.54B | −$565.0M | −3.51% | +21.62% |
| 2015 | 2016-01-03 | $16.11B | $1.11B | +7.40% | — |
| 2014 | 2014-12-28 | $15.00B | $1.18B | +8.52% | — |
| 2013 | 2013-12-29 | $13.82B | $1.36B | +10.89% | — |
| 2012 | 2012-12-30 | $12.46B | $1.06B | +9.27% | — |
| 2011 | 2012-01-01 | $11.40B | −$2.60B | −18.54% | — |
| 2010 | 2011-01-02 | $14.00B | −$205.0M | −1.44% | — |
| 2009 | 2010-01-03 | $14.21B | $2.30B | +19.32% | — |
| 2008 | 2008-12-28 | $11.91B | −$174.0M | −1.44% | — |
| 2007 | 2007-12-30 | $12.08B | — | — | — |
Johnson & Johnson quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | $7.29B | $4.46B | +157.32% | +28.82% |
| Q1 2026 | 2026-03-29 | $1.47B | −$1.91B | −56.64% | +6.09% |
| Q4 2025 | 2025-12-28 | $5.47B | $101.0M | +1.88% | +22.28% |
| Q3 2025 | 2025-09-28 | $8.01B | $1.05B | +15.05% | +33.39% |
| Q2 2025 | 2025-06-29 | $2.83B | −$1.82B | −39.12% | +11.94% |
| Q1 2025 | 2025-03-30 | $3.38B | $529.0M | +18.56% | +15.43% |
| Q4 2024 | 2024-12-29 | $5.37B | −$903.0M | −14.39% | +23.85% |
| Q3 2024 | 2024-09-29 | $6.96B | $442.0M | +6.78% | +30.99% |
| Q2 2024 | 2024-06-30 | $4.66B | $1.60B | +52.29% | +20.75% |
| Q1 2024 | 2024-03-31 | $2.85B | $456.0M | +19.05% | +13.33% |
| Q4 2023 | 2023-12-31 | $6.27B | $2.51B | +66.73% | +29.32% |
| Q3 2023 | 2023-10-01 | $6.52B | $1.19B | +22.32% | +30.55% |
| Q2 2023 | 2023-07-02 | $3.06B | −$1.66B | −35.18% | +14.21% |
| Q1 2023 | 2023-04-02 | $2.39B | −$978.0M | −29.00% | +11.46% |
| Q4 2022 | 2023-01-01 | $3.76B | −$554.0M | −12.83% | +29.99% |
| Q3 2022 | 2022-10-02 | $5.33B | −$2.21B | −29.31% | +26.67% |
| Q2 2022 | 2022-07-03 | $4.72B | $217.0M | +4.82% | +19.64% |
| Q1 2022 | 2022-04-03 | $3.37B | −$25.0M | −0.74% | +14.39% |
| Q4 2021 | 2022-01-02 | $4.32B | −$2.70B | −38.50% | +44.19% |
| Q3 2021 | 2021-10-03 | $7.54B | −$103.0M | −1.35% | +32.32% |
| Q2 2021 | 2021-07-04 | $4.50B | $1.71B | +61.33% | +19.31% |
| Q1 2021 | 2021-04-04 | $3.40B | $664.0M | +24.30% | +15.22% |
| Q4 2020 | 2021-01-03 | $7.02B | $1.88B | +36.63% | +31.23% |
| Q3 2020 | 2020-09-27 | $7.65B | $864.0M | +12.74% | +36.27% |
| Q2 2020 | 2020-06-28 | $2.79B | −$2.32B | −45.41% | +15.22% |
| Q1 2020 | 2020-03-29 | $2.73B | −$154.0M | −5.33% | +13.21% |
| Q4 2019 | 2019-12-29 | $5.14B | $212.0M | +4.30% | +24.77% |
| Q3 2019 | 2019-09-29 | $6.78B | $1.33B | +24.37% | +32.72% |
| Q2 2019 | 2019-06-30 | $5.11B | −$93.0M | −1.79% | +24.86% |
| Q1 2019 | 2019-03-31 | $2.89B | −$61.0M | −2.07% | +14.42% |
| Q4 2018 | 2018-12-30 | $4.93B | $61.0M | +1.25% | +24.15% |
| Q3 2018 | 2018-09-30 | $5.45B | −$23.0M | −0.42% | +26.80% |
| Q2 2018 | 2018-07-01 | $5.20B | $121.0M | +2.38% | +24.98% |
| Q1 2018 | 2018-04-01 | $2.95B | $595.0M | +25.29% | +14.73% |
| Q4 2017 | 2017-12-31 | $4.87B | −$695.0M | −12.50% | — |
| Q3 2017 | 2017-10-01 | $5.48B | $852.0M | +18.43% | +27.87% |
| Q2 2017 | 2017-07-02 | $5.08B | $1.28B | +33.52% | — |
| Q1 2017 | 2017-04-02 | $2.35B | $803.0M | +51.81% | — |
| Q4 2016 | 2017-01-01 | $5.56B | $1.84B | +49.50% | — |
| Q3 2016 | 2016-10-02 | $4.62B | −$727.0M | −13.59% | — |
| Q2 2016 | 2016-07-03 | $3.81B | −$900.0M | −19.12% | — |
| Q1 2016 | 2016-04-03 | $1.55B | −$779.0M | −33.45% | — |
| Q4 2015 | 2016-01-03 | $3.72B | $611.0M | +19.66% | — |
| Q3 2015 | 2015-09-27 | $5.35B | $1.45B | +37.10% | — |
| Q2 2015 | 2015-06-28 | $4.71B | $15.0M | +0.32% | — |
| Q1 2015 | 2015-03-29 | $2.33B | −$964.0M | −29.27% | — |
| Q4 2014 | 2014-12-28 | $3.11B | $398.0M | +14.69% | — |
| Q3 2014 | 2014-09-28 | $3.90B | −$1.24B | −24.04% | +21.13% |
| Q2 2014 | 2014-06-29 | $4.69B | $412.0M | +9.63% | +24.07% |
| Q1 2014 | 2014-03-30 | $3.29B | $1.60B | +94.74% | +18.18% |
| Q4 2013 | 2013-12-29 | $2.71B | $486.0M | +21.85% | — |
| Q3 2013 | 2013-09-29 | $5.14B | $840.0M | +19.54% | +29.23% |
| Q2 2013 | 2013-06-30 | $4.28B | $633.0M | +17.36% | +23.94% |
| Q1 2013 | 2013-03-31 | $1.69B | −$602.0M | −26.25% | +9.66% |
| Q4 2012 | 2012-12-30 | $2.22B | −$99.0M | −4.26% | — |
| Q3 2012 | 2012-09-30 | $4.30B | $387.0M | +9.90% | +25.21% |
| Q2 2012 | 2012-07-01 | $3.65B | $356.0M | +10.82% | +22.14% |
| Q1 2012 | 2012-04-01 | $2.29B | $413.0M | +21.97% | — |
| Q4 2011 | 2012-01-01 | $2.32B | −$542.0M | −18.92% | — |
| Q3 2011 | 2011-10-02 | $3.91B | −$595.0M | −13.20% | — |
| Q2 2011 | 2011-07-03 | $3.29B | −$46.0M | −1.38% | — |
| Q1 2011 | 2011-04-03 | $1.88B | −$1.41B | −42.91% | — |
| Q4 2010 | 2011-01-02 | $2.87B | −$1.58B | −35.52% | — |
| Q3 2010 | 2010-10-03 | $4.51B | −$69.0M | −1.51% | — |
| Q2 2010 | 2010-07-04 | $3.34B | $541.0M | +19.35% | — |
| Q1 2010 | 2010-04-04 | $3.29B | $901.0M | +37.67% | — |
| Q4 2009 | 2010-01-03 | $4.44B | $322.0M | +7.81% | — |
| Q3 2009 | 2009-09-27 | $4.58B | — | — | — |
| Q2 2009 | 2009-06-28 | $2.80B | — | — | — |
| Q1 2009 | 2009-03-29 | $2.39B | — | — | — |
| Q3 2008 | 2008-09-28 | $4.12B | — | — | — |
Johnson & Johnson free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $20.19B to $19.70B, a compound annual decline of 0.49%. Johnson & Johnson's latest reported quarter, Q2 2026, generated $7.29B in free cash flow, an increase of 157.32% 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 Johnson & Johnson filings at SEC.gov ↗