Akamai Technologies (AKAM) Free Cash Flow (2009 - 2026)
Akamai Technologies' Free Cash Flow was $181.34 million in Q2 2026, down 42.2% from $313.61 million a year earlier and down 14.0% from the prior quarter.
Akamai Technologies (AKAM) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Akamai Technologies' Free Cash Flow was $956.1 million through Jun 30, 2026, down 2.2% year-over-year; for FY2025, it came in at $1.01 billion, down 10.4% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of 7.6% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $1.13 billion in FY2024 (+26.7%), $890.53 million in FY2023 (-13.8%), $1.03 billion in FY2022 (-3.9%) and $1.08 billion in FY2021 (+53.5%).
- The Q2 2026 figure marks the lowest quarterly Free Cash Flow since Q1 2025.
- Compared with a year earlier, Free Cash Flow was higher in three of the last eight quarters, with an average decline of 3.3%.
- The best year-over-year quarter for Free Cash Flow over five years was Q1 2024 (growth of 181.2%); the worst was Q1 2025 (a decline of 48.3%).
- Per Business Quant data, AKAM's Free Cash Flow in the three quarters before Q2 2026 was $210.82 million (Q1 2026), $234.89 million (Q4 2025) and $329.05 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,833.59 Bn | 3,756.75 Bn | 60.48 Bn | 19.64 Bn |
| 2 | International Business Machines | 212.47 Bn | 163.37 Bn | 9.91 Bn | 2.37 Bn |
| 3 | Cloudflare | 112.40 Bn | 95.93 Bn | 499.52 Mn | 67.60 Mn |
| 4 | Equinix | 99.47 Bn | 88.02 Bn | 1.40 Bn | -511.00 Mn |
| 5 | Nebius | 60.05 Bn | 33.48 Bn | 448.70 Mn | 7.90 Bn |
| 6 | CoreWeave | 48.26 Bn | 35.35 Bn | 1.70 Bn | -5.74 Bn |
| 7 | Verisign | 25.97 Bn | 23.18 Bn | 384.60 Mn | 212.80 Mn |
| 8 | Nutanix | 18.41 Bn | 10.09 Bn | 651.35 Mn | 277.57 Mn |
| 9 | Akamai Technologies | 16.36 Bn | 9.77 Bn | 613.75 Mn | 181.34 Mn |
| 10 | DigitalOcean Holdings | 14.67 Bn | 12.67 Bn | 154.66 Mn | 68.38 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 181.34 Mn |
| Mar 31, 2026 | 210.82 Mn |
| Dec 31, 2025 | 234.89 Mn |
| Sep 30, 2025 | 329.05 Mn |
| Jun 30, 2025 | 313.61 Mn |
| Mar 31, 2025 | 133.42 Mn |
| Dec 31, 2024 | 250.90 Mn |
| Sep 30, 2024 | 279.74 Mn |
| Jun 30, 2024 | 339.97 Mn |
| Mar 31, 2024 | 258.13 Mn |
| Dec 31, 2023 | 318.79 Mn |
| Sep 30, 2023 | 225.94 Mn |
| Jun 30, 2023 | 254.01 Mn |
| Mar 31, 2023 | 91.80 Mn |
| Dec 31, 2022 | 276.25 Mn |
| Sep 30, 2022 | 318.50 Mn |
| Jun 30, 2022 | 267.22 Mn |
| Mar 31, 2022 | 171.45 Mn |
| Dec 31, 2021 | 323.06 Mn |
| Sep 30, 2021 | 319.06 Mn |
Akamai Technologies 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=AKAM&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "AKAM", "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=AKAM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();