Apple (AAPL) FCF Margin (2009 - 2026)

Apple (AAPL) reported FCF Margin of 24.04% for Q1 2026, up 214.0% on a YoY basis from 7.66% in Q1 2025, and down 32.96% quarter-over-quarter from 35.86% in Q4 2025.

Apple (AAPL) FCF Margin (2009 - 2026) Analysis & Trends

Apple has reported FCF Margin for 18 years, with the latest figure at 24.04% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin rose 214.0% year-over-year to 24.04%; the trailing twelve-month figure through Mar 2026 stood at 28.61% (up 401.0% YoY), and the FY2025 full-year result was 23.73%, down 409.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 24.04%, down from 35.86% in the prior quarter.
  • The five-year high for FCF Margin was 35.86% in Q4 2025, with the low at 21.72% in Q3 2023.
  • Historically, FCF Margin has averaged 26.15% across 5 years, with a median of 25.79% in 2022.
  • Annual changes were most pronounced in 2022 — FCF Margin slumped 984 bps — and 2025, when it surged 1414 bps.
  • Apple's FCF Margin stood at 25.79% in 2022, then grew by 22 bps to 31.36% in 2023, then plunged by 31 bps to 21.72% in 2024, then jumped by 65 bps to 35.86% in 2025, then tumbled by 33 bps to 24.04% in 2026.
  • The last three FCF Margin figures came in at 24.04% (Q1 2026), 35.86% (Q4 2025), and 25.85% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Apple 4,366.25 Bn 4,297.75 Bn 54.78 Bn 24.04%
2 Sonos 1.75 Bn 1.50 Bn 124.65 Mn -24.16%
3 Zepp Health 1.27 Bn 1.16 Bn 34.42 Mn -
4 Turtle Beach 267.51 Mn 255.19 Mn 11.29 Mn 69.01%
5 Vuzix 257.23 Mn 236.08 Mn 375,000.00 -277.64%
6 Sony 114.28 Mn -18.94 Bn 5.96 Bn 19.51%
7 UTime 53.53 Mn 52.80 Mn - -
8 Axil Brands 40.77 Mn 35.25 Mn 5.04 Mn 7.58%
9 Koss 37.77 Mn 18.91 Mn 1.00 Mn -20.76%
10 Foxx Development Holdings 20.59 Mn 17.40 Mn -1.45 Mn 16.50%

Historic Data

Download Data
DateValue
Mar 28, 2026 24.04%
Dec 27, 2025 35.86%
Sep 27, 2025 25.85%
Jun 28, 2025 25.95%
Mar 29, 2025 21.90%
Dec 28, 2024 21.72%
Sep 28, 2024 25.18%
Jun 29, 2024 31.14%
Mar 30, 2024 22.80%
Dec 30, 2023 31.36%
Sep 30, 2023 21.72%
Jul 1, 2023 29.69%
Apr 1, 2023 27.04%
Dec 31, 2022 25.79%
Sep 24, 2022 23.12%
Jun 25, 2022 25.06%
Mar 26, 2022 26.37%
Dec 25, 2021 35.63%
Sep 25, 2021 20.37%
Jun 26, 2021 23.33%