ASE Technology Holding Co., Ltd.

ASXNYSETechnology● Active

$35.94

+$1.91(+5.61%)

Market Cap$78.9B

P/E Ratio—

52W High$41.1

52W Low$9.3

Avg Volume7.7M

Open$35.48

Beta1.48

Free Cash Flow Financials Revenue

ASE Technology Holding Co., Ltd. (ASX) Free Cash Flow & Analysis

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

ASX · free cash flow · updated Jun 8, 2026

Core FCF metrics

ASX · FCF · TTM · margin & CAGR

Free cash flow was −$20.01B for FY2025 (fiscal year ending 2025-12-31), down 774.8% year-over-year The FCF margin was -3.1%.

FY2025 Free Cash Flow−$20.01B▼ -774.8% YoY

Trailing 12M (TTM)−$214.47Btrailing 4 quarters sum

FCF Margin-3.1%−$20.01B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

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

ASX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$143.03B(163.04B)−$20.01B▼ 774.8%-3.1%

FY2024$84.74B(81.77B)$2.97B▼ 94.2%0.5%

FY2023$104.56B(53.47B)$51.09B▲ +64.9%8.9%

FY2022$105.21B(74.23B)$30.98B▲ +306.5%4.6%

FY2021$78.79B(71.16B)$7.62B▼ 25.2%1.4%

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

FCF valuation metrics

ASX · P/FCF · FCF yield · FCF per share

ASE Technology Holding Co., Ltd. (ASX) reported negative free cash flow of −$20.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ASX · cash flow statement · operating / investing / financing

For FY2025, ASE Technology Holding Co., Ltd. generated $143.03B in operating cash flow and spent 163.04B in capital expenditures, yielding −$20.01B in free cash flow.

Operating Activities

+$143.03B

Cash from core business operations

2025-12-31

Investing Activities

−$166.55B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$45.52B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($143.03B) − |CapEx| (163.04B) = FCF (−$20.01B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

ASX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ASE Technology Holding Co., Ltd.YOU

ASX

−$20.01B-774.8%-3.1%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

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

About Free Cash Flow & Methodology

ASE Technology Holding Co., Ltd. (ASX) reported free cash flow of −$20.01B for FY2025 (fiscal year ending 2025-12-31), down 774.8% year-over-year. The FCF margin was -3.1%.

Based on available data, ASE Technology Holding Co., Ltd. has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $51.09B in FY2023.

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

ASX free cash flow · 8 questions

ASE Technology Holding Co., Ltd. free cash flow was −$20.01B for FY2025, down 774.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$214.47B.

ASX free cash flowASX FCFASX FCF 2025ASX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ASE Technology Holding Co., Ltd. · ASE Technology Holding Co., Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026