Apple (AAPL) Free Cash Flow (2009 - 2026)
Apple (AAPL) reported Free Cash Flow of $31.91 billion for fiscal Q3 2026 (quarter ended Jun 27, 2026), up 30.8% from $24.41 billion a year earlier and up 19.4% from the prior quarter.
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Analysis
Apple (AAPL) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 27, 2026, Apple's Free Cash Flow came in at $136.68 billion, up 42.1% year-over-year; for FY2025 (ended Sep 27, 2025), it came in at $98.77 billion, down 9.2% from FY2024.
- Free Cash Flow has a five-year compound annual growth rate of 6.1% (FY2020 to FY2025).
- By fiscal year, Free Cash Flow came in at $108.81 billion in FY2024 (+9.3%), $99.58 billion in FY2023 (-10.6%), $111.44 billion in FY2022 (+19.9%) and $92.95 billion in FY2021 (+26.7%).
- Five-year quarterly Free Cash Flow spans a low of $16.98 billion in fiscal Q4 2021 and a high of $51.55 billion in fiscal Q1 2026.
- Year over year, Free Cash Flow has now increased in each of the last four quarters, with growth averaging 18.5% over the last eight quarters.
- The high point for year-over-year Free Cash Flow in five years was fiscal Q1 2026 (growth of 91.0%); the low point was fiscal Q1 2023 (a decline of 31.6%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $26.73 billion (Q2 2026), $51.55 billion (Q1 2026) and $26.49 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,863.18 Bn | 4,610.67 Bn | 54.77 Bn | 31.91 Bn |
| 2 | Cisco Systems | 445.19 Bn | 381.12 Bn | 11.06 Bn | 5.00 Bn |
| 3 | Dell Technologies | 353.32 Bn | 309.07 Bn | 9.83 Bn | 986.00 Mn |
| 4 | Arista Networks | 261.04 Bn | 214.50 Bn | 1.91 Bn | 1.05 Bn |
| 5 | Sandisk | 248.81 Bn | 237.33 Bn | 7.58 Bn | 7.08 Bn |
| 6 | Seagate Technology Holdings | 201.18 Bn | 196.18 Bn | 1.90 Bn | 1.12 Bn |
| 7 | Western Digital | 159.43 Bn | 147.56 Bn | 2.03 Bn | 1.28 Bn |
| 8 | Sony | 144.77 Bn | 95.16 Bn | 6.53 Bn | 1.24 Bn |
| 9 | Lumentum Holdings | 96.72 Bn | 88.53 Bn | 477.30 Mn | 196.20 Mn |
| 10 | Hewlett Packard Enterprise | 90.82 Bn | 68.69 Bn | 4.93 Bn | 896.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 31.91 Bn |
| Mar 28, 2026 | 26.73 Bn |
| Dec 27, 2025 | 51.55 Bn |
| Sep 27, 2025 | 26.49 Bn |
| Jun 28, 2025 | 24.41 Bn |
| Mar 29, 2025 | 20.88 Bn |
| Dec 28, 2024 | 27.00 Bn |
| Sep 28, 2024 | 23.90 Bn |
| Jun 29, 2024 | 26.71 Bn |
| Mar 30, 2024 | 20.69 Bn |
| Dec 30, 2023 | 37.50 Bn |
| Sep 30, 2023 | 19.44 Bn |
| Jul 1, 2023 | 24.29 Bn |
| Apr 1, 2023 | 25.64 Bn |
| Dec 31, 2022 | 30.22 Bn |
| Sep 24, 2022 | 20.84 Bn |
| Jun 25, 2022 | 20.79 Bn |
| Mar 26, 2022 | 25.65 Bn |
| Dec 25, 2021 | 44.16 Bn |
| Sep 25, 2021 | 16.98 Bn |
API Access
Apple Free Cash Flow 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=free-cash-flow&ticker=AAPL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=AAPL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();