Johnson & Johnson (JNJ) Free Cash Flow (2009 - 2026)
Johnson & Johnson (JNJ) posted Free Cash Flow of $6.36 billion for Q3 2026, down 20.6% from $8.01 billion a year earlier and down 12.8% from the prior quarter.
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Analysis
Johnson & Johnson (JNJ) Free Cash Flow (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 27, 2026, Free Cash Flow at Johnson & Johnson was $20.59 billion, up 5.1% year-over-year; for FY2025, it was $19.7 billion, down 0.7% from FY2024.
- Annual Free Cash Flow shows a four-year compound annual growth rate of -0.6% (FY2021 to FY2025).
- In prior years, Johnson & Johnson's Free Cash Flow was $19.84 billion in FY2024 (+8.7%), $18.25 billion in FY2023 (+6.2%), $17.19 billion in FY2022 and $20.19 billion in FY2021.
- Quarterly Free Cash Flow has run from a low of $1.47 billion in Q1 2026 to a high of $8.01 billion in Q3 2025 over five years.
- On a year-over-year basis, Free Cash Flow increased in four of the last eight quarters, with growth averaging 7.8%.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q4 2023, with growth of 259.7%; the weakest was Q1 2026, with a decline of 56.6%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $7.3 billion (Q2 2026), $1.47 billion (Q1 2026) and $5.47 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,137.66 Bn | 1,106.24 Bn | 19.71 Bn | 7.76 Bn |
| 2 | Johnson & Johnson | 636.13 Bn | 556.00 Bn | 17.30 Bn | 6.36 Bn |
| 3 | AbbVie | 505.28 Bn | 478.39 Bn | 12.70 Bn | 3.11 Bn |
| 4 | Merck | 358.10 Bn | 312.48 Bn | 12.21 Bn | 4.48 Bn |
| 5 | Novartis Ag | 292.59 Bn | 256.58 Bn | 11.24 Bn | 5.56 Bn |
| 6 | Astrazeneca | 265.81 Bn | 239.50 Bn | 12.86 Bn | 1.01 Bn |
| 7 | Amgen | 237.53 Bn | 192.93 Bn | 7.24 Bn | 3.49 Bn |
| 8 | Gilead Sciences | 194.67 Bn | 168.86 Bn | 6.22 Bn | 3.43 Bn |
| 9 | Pfizer | 171.17 Bn | 117.82 Bn | 10.94 Bn | 302.00 Mn |
| 10 | Vertex Pharmaceuticals | 133.09 Bn | 105.09 Bn | 2.84 Bn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 27, 2026 | 6.36 Bn |
| Jun 28, 2026 | 7.30 Bn |
| Mar 29, 2026 | 1.47 Bn |
| Dec 28, 2025 | 5.47 Bn |
| Sep 28, 2025 | 8.01 Bn |
| Jun 29, 2025 | 2.84 Bn |
| Mar 30, 2025 | 3.38 Bn |
| Dec 29, 2024 | 5.37 Bn |
| Sep 29, 2024 | 6.96 Bn |
| Jun 30, 2024 | 4.66 Bn |
| Mar 31, 2024 | 2.85 Bn |
| Dec 31, 2023 | 6.27 Bn |
| Oct 1, 2023 | 6.52 Bn |
| Jul 2, 2023 | 3.06 Bn |
| Apr 2, 2023 | 2.39 Bn |
| Jan 1, 2023 | 1.74 Bn |
| Apr 3, 2022 | 3.37 Bn |
| Oct 3, 2021 | 7.54 Bn |
| Jul 4, 2021 | 4.50 Bn |
| Apr 4, 2021 | 3.40 Bn |
API Access
Johnson & Johnson 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=JNJ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "JNJ", "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=JNJ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();