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 10.00% is in line with its 2-year average of 10.09%, near the high end of its 2-year range (3.42%–12.53%).
As of the fiscal period ended Friday, July 31, 2026. 11.32% below its 12-month average of 11.27%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
10.00%
FCF PAYOUT RATIO AVG TTM
11.27%
FCF PAYOUT RATIO AVG 3Y
N/A
FCF PAYOUT RATIO AVG 5Y
N/A
FCF PAYOUT RATIO AVG 10Y
N/A
FCF PAYOUT RATIO AVG 15Y
N/A
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-11.32%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
10.0%
Earnings Payout Ratio
15.6%
Dividend Yield
0.66%
FCF Yield
7.12%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $14.40B | $1.59B | 11.0% |
| 2025 | $12.43B | $1.54B | 12.4% |
| 2024 | $9.50B | $0 | 0.0% |
| 2023 | $6.31B | $0 | 0.0% |
| 2022 | $5.28B | $0 | 0.0% |
| 2021 | $4.09B | $0 | 0.0% |
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.
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 |
|---|---|
| 2026-07-31 | 10.00% |
| 2026-04-30 | 10.57% |
| 2026-01-31 | 11.02% |
| 2025-10-31 | 12.25% |
| 2025-07-31 | 12.53% |
| 2025-04-30 | 12.26% |
| 2025-01-31 | 12.36% |
| 2024-10-31 | 9.72% |
| 2024-07-31 | 6.74% |
| 2024-04-30 | 3.42% |
| 2020 |
| $3.69B |
| $0 |
| 0.0% |
| 2019 | $2.80B | $0 | 0.0% |
| 2018 | $2.20B | $0 | 0.0% |
| 2017 | $1.70B | $0 | 0.0% |
| 2016 | $962.23M | $0 | 0.0% |
| 2015 | $756.83M | $0 | 0.0% |
| 2014 | $576.36M | $0 | 0.0% |
| 2013 | $557.19M | $0 | 0.0% |
| 2012 | $420.21M | $0 | 0.0% |
| 2011 | $90.25M | $0 | 0.0% |
| 2010 | $217.01M | $0 | 0.0% |
| 2009 | $168.50M | $0 | 0.0% |
| 2008 | $160.72M | $0 | 0.0% |
| 2007 | $89.10M | $0 | 0.0% |
| 2006 | $72.46M | $0 | 0.0% |
| 2005 | $51.56M | $0 | 0.0% |
| 2004 | $18.86M | $0 | 0.0% |
| 2003 | $3.19M | $0 | 0.0% |
