Palantir Technologies (PLTR) Free Cash Flow (2019 - 2026)
Palantir Technologies (PLTR) recorded Free Cash Flow of $1.2 billion in Q2 2026, up 126.0% from $531.62 million a year earlier and up 34.7% from the prior quarter.
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Analysis
Palantir Technologies (PLTR) Free Cash Flow (2019 - 2026) Analysis & Trends
On a TTM basis, Palantir Technologies' Free Cash Flow came in at $3.36 billion as of Jun 30, 2026, up 96.5% year-over-year; for FY2025, it came in at $2.1 billion, up 84.1% from FY2024.
- Annual Free Cash Flow has increased for three straight years.
- Across earlier years, Free Cash Flow came in at $1.14 billion in FY2024 (+63.7%), $697.07 million in FY2023 (+279.4%), $183.71 million in FY2022 (-42.8%) and $321.22 million in FY2021.
- The Q2 2026 figure is the highest quarterly Free Cash Flow in data going back to Q4 2019.
- On a year-over-year basis, Free Cash Flow has increased for nine consecutive quarters, with growth averaging 136.5% over the last eight quarters.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 801.3% in Q1 2023, against a decline of 82.6% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $891.76 million (Q1 2026), $764.02 million (Q4 2025) and $500.87 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 456.40 Bn | 425.35 Bn | 1.64 Bn | 1.20 Bn |
| 2 | Oracle | 382.94 Bn | 255.07 Bn | - | -5.40 Bn |
| 3 | Sap Se | 261.10 Bn | 188.88 Bn | 8.40 Bn | 3.80 Bn |
| 4 | Salesforce | 194.91 Bn | 150.78 Bn | 8.70 Bn | 1.10 Bn |
| 5 | ServiceNow | 145.90 Bn | 124.36 Bn | 2.82 Bn | 473.00 Mn |
| 6 | Automatic Data Processing | 115.58 Bn | 97.71 Bn | 2.51 Bn | 1.36 Bn |
| 7 | Intuit | 89.20 Bn | 68.55 Bn | 3.44 Bn | 1.30 Bn |
| 8 | Relx | 71.58 Bn | 70.67 Bn | - | - |
| 9 | Strategy | 50.00 Bn | 42.99 Bn | 81.55 Mn | -5.91 Mn |
| 10 | Thomson Reuters | 48.62 Bn | 45.40 Bn | - | 744.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.20 Bn |
| Mar 31, 2026 | 891.76 Mn |
| Dec 31, 2025 | 764.02 Mn |
| Sep 30, 2025 | 500.87 Mn |
| Jun 30, 2025 | 531.62 Mn |
| Mar 31, 2025 | 304.08 Mn |
| Dec 31, 2024 | 457.22 Mn |
| Sep 30, 2024 | 415.79 Mn |
| Jun 30, 2024 | 141.31 Mn |
| Mar 31, 2024 | 126.92 Mn |
| Dec 31, 2023 | 296.31 Mn |
| Sep 30, 2023 | 131.88 Mn |
| Jun 30, 2023 | 86.26 Mn |
| Mar 31, 2023 | 182.62 Mn |
| Dec 31, 2022 | 73.85 Mn |
| Sep 30, 2022 | 32.63 Mn |
| Jun 30, 2022 | 56.97 Mn |
| Mar 31, 2022 | 20.26 Mn |
| Dec 31, 2021 | 87.58 Mn |
| Sep 30, 2021 | 95.42 Mn |
API Access
Palantir 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=PLTR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "PLTR", "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=PLTR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();