Apple (AAPL) FCF Margin (2009 - 2026)
Apple (AAPL) recorded FCF Margin of 29.17% in fiscal Q3 2026 (quarter ended Jun 27, 2026), up 3.21 percentage points from 25.95% a year earlier and up 5.13 percentage points from the prior quarter.
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Analysis
Apple (AAPL) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Apple's FCF Margin came in at 29.28% as of Jun 27, 2026, up 5.74 percentage points year-over-year; for FY2025 (ended Sep 27, 2025), it came in at 23.73%, down 4.09 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -2.99 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, FCF Margin came in at 27.83% in FY2024 (+1.84 pp), 25.98% in FY2023 (-2.28 pp), 28.26% in FY2022 (+2.85 pp) and 25.41% in FY2021 (-1.32 pp).
- Quarterly FCF Margin has ranged from 20.37% in fiscal Q4 2021 to 35.86% in fiscal Q1 2026 over the past five years.
- On a year-over-year basis, FCF Margin has increased for four consecutive quarters, with an average year-over-year change of +0.99 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 14.14 percentage points in fiscal Q1 2026, against a drop of 9.84 percentage points in fiscal Q1 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 24.04% (Q2 2026), 35.86% (Q1 2026) and 25.85% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,863.18 Bn | 4,610.67 Bn | 54.77 Bn | 29.17% |
| 2 | Cisco Systems | 445.19 Bn | 381.12 Bn | 11.06 Bn | 28.96% |
| 3 | Dell Technologies | 353.32 Bn | 309.07 Bn | 9.83 Bn | 2.10% |
| 4 | Arista Networks | 261.04 Bn | 214.50 Bn | 1.91 Bn | 34.70% |
| 5 | Sandisk | 248.81 Bn | 237.33 Bn | 7.58 Bn | 79.01% |
| 6 | Seagate Technology Holdings | 201.18 Bn | 196.18 Bn | 1.90 Bn | 30.81% |
| 7 | Western Digital | 159.43 Bn | 147.56 Bn | 2.03 Bn | 34.19% |
| 8 | Sony | 144.77 Bn | 95.16 Bn | 6.53 Bn | 6.96% |
| 9 | Lumentum Holdings | 96.72 Bn | 88.53 Bn | 477.30 Mn | 19.50% |
| 10 | Hewlett Packard Enterprise | 90.82 Bn | 68.69 Bn | 4.93 Bn | 7.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 29.17% |
| 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% |
API Access
Apple FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "AAPL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();