Apple Inc.(AAPL)
Consumer Electronics · Cupertino, CA
$316.24-3.73 (-1.17%)
Delayed quote: Sep 8, 2026, 3:40 PM EDT
Consumer Electronics · Cupertino, CA
Delayed quote: Sep 8, 2026, 3:40 PM EDT
Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 11.44% is 21% below its 5-year average of 14.53%, near the low end of its 5-year range (11.44%–15.97%).
As of the fiscal period ended Saturday, June 27, 2026. 15.40% below its 12-month average of 13.52%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
11.44%
FCF PAYOUT RATIO AVG TTM
13.52%
FCF PAYOUT RATIO AVG 3Y
14.56%
FCF PAYOUT RATIO AVG 5Y
14.53%
FCF PAYOUT RATIO AVG 10Y
18.11%
FCF PAYOUT RATIO AVG 15Y
18.45%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-15.40%
CURRENT VS 3Y AVG
-21.40%
CURRENT VS 5Y AVG
-21.27%
CURRENT VS 10Y AVG
-36.81%
CURRENT VS 15Y AVG
-37.97%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
11.4%
Earnings Payout Ratio
12.1%
Dividend Yield
0.33%
FCF Yield
2.90%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $98.77B | $15.42B | 15.6% |
| 2024 | $108.81B | $15.23B | 14.0% |
| 2023 | $99.58B | $15.03B | 15.1% |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-06-27 | 11.44% |
| 2026-03-28 | 12.04% |
| 2025-12-27 | 12.56% |
| 2025-09-27 | 15.61% |
| 2025-06-28 | 15.97% |
| 2025-03-29 | 15.55% |
| 2024-12-28 | 15.53% |
| 2024-09-28 | 14.00% |
| 2024-06-29 | 14.56% |
| 2024-03-30 | 14.86% |
| 2023-12-30 | 14.11% |
| 2023-09-30 | 15.09% |
| 2023-07-01 | 14.82% |
| 2023-04-01 | 15.32% |
| 2022-12-31 | 15.26% |
| 2022-09-24 | 13.32% |
| 2022-06-25 | 13.74% |
| 2022-03-26 | 13.93% |
| 2021-12-25 | 14.32% |
| 2021-09-25 | 15.56% |
| 2021-06-26 | 15.13% |
| 2021-03-27 | 15.73% |
| 2020-12-26 | 17.65% |
| 2020-09-26 | 19.19% |
| 2020-06-27 | 19.59% |
| 2020-03-28 | 21.04% |
| 2019-12-28 | 22.03% |
| 2019-09-28 | 23.97% |
| 2019-06-29 | 24.33% |
| 2019-03-30 | 23.72% |
| 2018-12-29 | 22.50% |
| 2018-09-29 | 21.38% |
| 2018-06-30 | 22.69% |
| 2018-03-31 | 24.20% |
| 2017-12-30 | 24.48% |
| 2017-09-30 | 24.87% |
| 2017-07-01 | 24.32% |
| 2017-04-01 | 23.34% |
| 2016-12-31 | 23.39% |
| 2016-09-24 | 23.24% |
| 2016-06-25 | 24.04% |
| 2016-03-26 | 21.55% |
| 2015-12-26 | 18.68% |
| 2015-09-26 | 16.57% |
| 2015-06-27 | 16.47% |
| 2015-03-28 | 17.48% |
| 2014-12-27 | 18.68% |
| 2014-09-27 | 22.30% |
| 2014-06-28 | 23.00% |
| 2014-03-29 | 23.89% |
| 2013-12-28 | 24.50% |
| 2013-09-28 | 23.69% |
| 2013-06-29 | 24.13% |
| 2013-03-30 | 16.97% |
| 2012-12-29 | 10.76% |
| 2012-09-29 | 6.00% |
| 2022 |
| $111.44B |
| $14.84B |
| 13.3% |
| 2021 | $92.95B | $14.47B | 15.6% |
| 2020 | $73.36B | $14.08B | 19.2% |
| 2019 | $58.90B | $14.12B | 24.0% |
| 2018 | $64.12B | $13.71B | 21.4% |
| 2017 | $51.43B | $12.77B | 24.8% |
| 2016 | $52.68B | $12.15B | 23.1% |
| 2015 | $69.78B | $11.56B | 16.6% |
| 2014 | $49.90B | $11.13B | 22.3% |
| 2013 | $44.59B | $10.56B | 23.7% |
| 2012 | $41.45B | $2.49B | 6.0% |
| 2011 | $30.08B | $0 | 0.0% |
| 2010 | $16.47B | $0 | 0.0% |
| 2009 | $8.95B | $0 | 0.0% |
| 2008 | $8.40B | $0 | 0.0% |
| 2007 | $4.48B | $0 | 0.0% |
| 2006 | $1.56B | $0 | 0.0% |
| 2005 | $2.27B | $0 | 0.0% |
| 2004 | $758.00M | $0 | 0.0% |
| 2003 | $125.00M | $0 | 0.0% |
| 2002 | ($85.00M) | $0 | N/A (Loss) |
| 2001 | ($47.00M) | $0 | N/A (Loss) |
| 2000 | $761.00M | $0 | 0.0% |
| 1999 | $775.00M | $0 | 0.0% |
| 1998 | $719.00M | $0 | 0.0% |
| 1997 | $101.00M | $0 | 0.0% |
| 1996 | $341.00M | $14.00M | 4.1% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.