Apple Inc.

AAPLNASDAQTechnology● Active

$307.34

$-3.89(-1.25%)

Market Cap$4.51T

P/E Ratio—

52W High$316.94

52W Low$195.07

Avg Volume44.6M

Open$312.99

Beta1.09

Free Cash Flow Financials Revenue

Apple Inc. (AAPL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AAPL · free cash flow · updated Jun 8, 2026

Core FCF metrics

AAPL · FCF · TTM · margin & CAGR

Free cash flow was $98.77B for FY2025 (fiscal year ending 2025-09-27), down 9.2% year-over-year The FCF margin was 23.7%. Five-year CAGR stands at +6.1%.

FY2025 Free Cash Flow$98.77B▼ -9.2% YoY

Trailing 12M (TTM)$129.17Btrailing 4 quarters sum

FCF Margin23.7%$98.77B ÷ revenue

3-Year CAGR-4.0%FY2022 → FY2025

5-Year CAGR+6.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AAPL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$111.48B(12.71B)$98.77B▼ 9.2%23.7%

FY2024$118.25B(9.45B)$108.81B▲ +9.3%27.8%

FY2023$110.54B(10.96B)$99.58B▼ 10.6%26.0%

FY2022$122.15B(10.71B)$111.44B▲ +19.9%28.3%

FY2021$104.04B(11.09B)$92.95B▲ +26.7%25.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AAPL · P/FCF · FCF yield · FCF per share

Apple Inc. (AAPL) trades at a FCF yield of 2.86% and a price-to-free-cash-flow ratio of 35.6x. FCF per share stands at $8.64, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.86%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$8.64

TTM FCF ÷ Shares Outstanding

Price / FCF

x35.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x35.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-27

Cash flow statement summary

AAPL · cash flow statement · operating / investing / financing

For FY2025, Apple Inc. generated $111.48B in operating cash flow and spent 12.71B in capital expenditures, yielding $98.77B in free cash flow.

Operating Activities

+$111.48B

Cash from core business operations

2025-09-27

Investing Activities

+$15.20B

CapEx, acquisitions & investments

2025-09-27

Financing Activities

−$120.69B

Buybacks, dividends & debt

2025-09-27

FCF FormulaOperating CF ($111.48B) − |CapEx| (12.71B) = FCF ($98.77B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

AAPL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Apple Inc.YOU

AAPL

$98.77B-9.2%23.7%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Micron Technology, Inc.

$1.67B+1278.5%4.5%

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Apple Inc. (AAPL) reported free cash flow of $98.77B for FY2025 (fiscal year ending 2025-09-27), down 9.2% year-over-year. The FCF margin was 23.7%.

Based on available data, Apple Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $111.44B in FY2022. The 5-year CAGR stands at +6.1%.

Apple Inc.'s FCF yield is 2.86% and price-to-FCF ratio is 35.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AAPL free cash flow · 8 questions

Apple Inc. free cash flow was $98.77B for FY2025, down 9.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $129.17B.

AAPL free cash flowAAPL FCFAAPL FCF 2025AAPL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Apple Inc. · Apple Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026