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 7.09% is 51% below its 4-year average of 14.49%, near the low end of its 4-year range (5.65%–28.47%).
As of the fiscal period ended Tuesday, June 30, 2026. 39.88% below its 12-month average of 11.78%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
7.09%
FCF PAYOUT RATIO AVG TTM
11.78%
FCF PAYOUT RATIO AVG 3Y
11.78%
FCF PAYOUT RATIO AVG 5Y
14.49%
FCF PAYOUT RATIO AVG 10Y
14.49%
FCF PAYOUT RATIO AVG 15Y
45.00%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-39.88%
CURRENT VS 3Y AVG
-39.88%
CURRENT VS 5Y AVG
-51.10%
CURRENT VS 10Y AVG
-51.10%
CURRENT VS 15Y AVG
-84.26%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
7.1%
Earnings Payout Ratio
33.3%
Dividend Yield
0.75%
FCF Yield
20.45%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $11.07B | $657.00M | 5.9% |
| 2024 | ($5.98B) | $653.00M | N/A (Loss) |
| 2023 | ($3.68B) | $597.00M | N/A (Loss) |
| 2022 | ($5.14B) | $397.00M | N/A (Loss) |
| 2021 | ($6.92B) | $186.00M | N/A (Loss) |
| 2020 | ($3.86B) | $669.00M |
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 | 7.09% |
| 2026-03-31 | 5.65% |
| 2025-12-31 | 5.93% |
| 2025-09-30 | 28.47% |
| 2022-09-30 | 25.31% |
| 2014-06-30 | 91.24% |
| 2014-03-31 | 50.91% |
| 2013-12-31 | 60.01% |
| 2013-09-30 | 315.99% |
| 2013-06-30 | 203.85% |
| 2012-12-31 | 63.15% |
| 2012-09-30 | 47.54% |
| 2012-06-30 | 87.44% |
| 2012-03-31 | 27.62% |
| 2011-12-31 | 84.66% |
| 2011-06-30 | 311.07% |
| 2010-12-31 | 60.93% |
| 2010-09-30 | 28.49% |
| N/A (Loss) |
| 2019 | ($8.97B) | $2.35B | N/A (Loss) |
| 2018 | ($10.24B) | $2.24B | N/A (Loss) |
| 2017 | ($10.30B) | $2.23B | N/A (Loss) |
| 2016 | ($11.27B) | $2.37B | N/A (Loss) |
| 2015 | ($10.14B) | $2.24B | N/A (Loss) |
| 2014 | ($1.81B) | $3.17B | N/A (Loss) |
| 2013 | $2.81B | $1.69B | 60.0% |
| 2012 | $1.49B | $939.00M | 63.1% |
| 2011 | $1.08B | $916.00M | 84.8% |
| 2010 | $2.57B | $1.57B | 61.2% |
| 2009 | ($22.62B) | $97.00M | N/A (Loss) |
| 2008 | ($19.59B) | $283.00M | N/A (Loss) |
