Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The FCF payout ratio is N/A as of the fiscal period ended Tuesday, June 30, 2026.
Reported annual FCF payout ratio; periods with losses or near-zero free cash flow are omitted. Historical series through 2026-06-30.
FCF PAYOUT RATIO
N/A
FCF PAYOUT RATIO AVG TTM
71.68%
FCF PAYOUT RATIO AVG 3Y
61.75%
FCF PAYOUT RATIO AVG 5Y
60.31%
FCF PAYOUT RATIO AVG 10Y
65.30%
FCF PAYOUT RATIO AVG 15Y
63.60%
FCF PAYOUT RATIO AVG 20Y
63.10%
CURRENT VS TTM AVG
N/A
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
N/A
Earnings Payout Ratio
N/A
Dividend Yield
3.92%
FCF Yield
N/A
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $3.19B | $1.84B | 57.8% |
| 2025 | $2.69B | $2.30B | 85.6% |
| 2024 | $4.55B | $2.36B | 51.8% |
| 2023 | $4.34B | $2.25B | 51.8% |
| 2022 | $3.46B | $2.09B | 60.5% |
| 2021 | $4.19B | $2.28B | 54.4% |
| 2020 | $2.01B | $2.04B | 101.6% |
| 2019 | $3.27B | $2.06B | 63.0% |
| 2018 | $3.30B | $2.09B | 63.2% |
| 2017 | $3.41B | $1.97B | 58.0% |
| 2016 | $2.72B | $1.92B | 70.7% |
| 2015 | $3.01B | $2.11B | 70.1% |
| 2014 | $1.96B | $2.10B | 107.0% |
| 2013 | $2.14B | $1.71B | 80.1% |
| 2012 | $2.53B | $1.65B | 65.3% |
| 2011 | $2.68B | $1.56B | 58.2% |
| 2010 | $2.88B | $1.37B | 47.5% |
| 2009 | $2.14B | $1.40B | 65.3% |
| 2008 | $2.43B | $1.72B | 70.8% |
| 2007 | $2.71B | $1.66B | 61.1% |
| 2006 | $2.43B | $1.55B | 63.7% |
| 2005 | $2.39B | $1.52B | 63.6% |
| 2004 | $2.58B | $2.65B | 102.5% |
| 2003 | $1.97B | $1.27B | 64.5% |
| 2002 | $1.22B | $1.16B | 95.1% |
| 2001 | $716.75M | $1.02B | 143.0% |
| 2000 | $242.58M | $0 | 0.0% |
| 1999 | ($331.42M) | $1.66B | N/A (Loss) |
| 1998 | $331.69M | $1.61B | 483.9% |
| 1997 | $393.06M | $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 |
|---|---|
| 2026-06-30 | 57.78% |
| 2025-06-30 | 85.59% |
| 2024-06-30 | 51.79% |
| 2023-06-30 | 51.84% |
| 2022-06-30 | 60.54% |
| 2021-06-30 | 54.36% |
| 2020-06-30 | 101.60% |
| 2019-06-30 | 62.98% |
| 2018-06-30 | 63.24% |
| 2017-06-30 | 57.96% |
| 2016-06-30 | 70.67% |
| 2015-06-30 | 70.10% |
| 2014-06-30 | 106.97% |
| 2013-06-30 | 80.07% |
| 2012-06-30 | 65.33% |
| 2011-06-30 | 58.19% |
| 2010-06-30 | 47.51% |
| 2009-06-30 | 65.33% |
| 2008-06-30 | 70.77% |
| 2007-06-30 | 61.09% |
| 2006-06-30 | 63.71% |
| 2005-06-30 | 63.64% |
| 2004-06-30 | 102.48% |
| 2003-06-30 | 64.54% |
| 2002-06-30 | 95.07% |
| 2001-06-30 | 142.98% |
| 1998-06-30 | 483.92% |
