Apple Inc. (AAPL) FCF Payout Ratio: 12.15%
Is Apple Inc.’s FCF payout ratio high or low?
Apple Inc.'s FCF payout ratio of 12.15% is 17% below its 5-year average of 14.72%, near the low end of its 5-year range (13.32%–15.61%).
The FCF payout ratio for Apple Inc. (AAPL) is 12.15%. It is below its 12-month average by 17.95% (14.81%).
AAPL FCF Payout Ratio Chart
AAPL Average FCF Payout Ratio Chart
AAPL Current vs Average FCF Payout Ratio Chart
AAPL FCF Payout Ratio Metrics
FCF PAYOUT RATIO
12.15%
FCF PAYOUT RATIO AVG TTM
14.81%
FCF PAYOUT RATIO AVG 3Y
14.90%
FCF PAYOUT RATIO AVG 5Y
14.72%
FCF PAYOUT RATIO AVG 10Y
18.60%
FCF PAYOUT RATIO AVG 15Y
18.18%
FCF PAYOUT RATIO AVG 20Y
18.18%
CURRENT VS TTM AVG
-17.95%
CURRENT VS 3Y AVG
-18.46%
CURRENT VS 5Y AVG
-17.44%
CURRENT VS 10Y AVG
-34.69%
CURRENT VS 15Y AVG
-33.18%
CURRENT VS 20Y AVG
-33.18%
Payout Ratio Comparison
FCF Payout Ratio
12.2%
Earnings Payout Ratio
14.0%
Dividend Yield
0.36%
FCF Yield
3.01%
Annual FCF Payout Ratio History
| 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% |
| 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 = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Apple Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Apple Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Apple Inc. (AAPL)?
- The FCF payout ratio for AAPL stock is 12.15%.
- Is Apple Inc.'s FCF payout ratio high or low?
- Apple Inc.'s FCF payout ratio of 12.15% is 17% below its 5-year average of 14.72%, near the low end of its 5-year range (13.32%–15.61%).
- What is the TTM average FCF payout ratio for Apple Inc. (AAPL)?
- The TTM average FCF payout ratio for AAPL stock is 14.81%.
- What is the 3Y average FCF payout ratio for Apple Inc. (AAPL)?
- The 3Y average FCF payout ratio for AAPL stock is 14.90%.
- What is the 5Y average FCF payout ratio for Apple Inc. (AAPL)?
- The 5Y average FCF payout ratio for AAPL stock is 14.72%.
- What is the 10Y average FCF payout ratio for Apple Inc. (AAPL)?
- The 10Y average FCF payout ratio for AAPL stock is 18.60%.
- What is the 15Y average FCF payout ratio for Apple Inc. (AAPL)?
- The 15Y average FCF payout ratio for AAPL stock is 18.18%.
- What is the 20Y average FCF payout ratio for Apple Inc. (AAPL)?
- The 20Y average FCF payout ratio for AAPL stock is 18.18%.
Apple Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-09-27 | 15.61% |
| 2024-09-28 | 14.00% |
| 2023-09-30 | 15.09% |
| 2022-09-24 | 13.32% |
| 2021-09-25 | 15.56% |
| 2020-09-26 | 19.19% |
| 2019-09-28 | 23.97% |
| 2018-09-29 | 21.38% |
| 2017-09-30 | 24.83% |
| 2016-09-24 | 23.06% |
| 2015-09-26 | 16.57% |
| 2014-09-27 | 22.30% |
| 2013-09-28 | 23.69% |
| 2012-09-29 | 6.00% |
| 1996-09-27 | 4.11% |
About Apple Inc.
Apple Inc. is a global technology corporation that specializes in the conceptualization, production, and sale of a diverse suite of electronic devices. Its comprehensive hardware lineup features the well-known iPhone smartphones, Mac personal computers, and versatile iPad tablets. The company also supplies a range of wearables, smart home products, and accessories, including AirPods, Apple TV, Apple Watch, items from the Beats brand, and HomePod speakers. Beyond its device offerings, Apple delivers essential support services like AppleCare and robust cloud solutions. It oversees key digital platforms, prominently the App Store, which acts as a central hub for customers to discover and download countless applications and digital content, from e-books and music to videos, games, and podcasts. The company also generates revenue via advertising, leveraging both its proprietary ad platforms and third-party licensing deals. Apple's ecosystem is further bolstered by a wide array of subscription-based services: Apple Arcade for gaming, Apple Fitness+ for personalized wellness, Apple Music for curated audio experiences and on-demand radio, Apple News+ for access to news and magazines, and Apple TV+ for exclusive original video programming. Its financial services portfolio includes the co-branded Apple Card and the mobile payment system, Apple Pay. Additionally, Apple strategically licenses its intellectual property. The company serves a broad clientele that spans individual consumers, small and medium-sized enterprises, as well as institutional clients in the education, corporate, and governmental sectors. Products are distributed through a multi-channel strategy, utilizing Apple's own physical retail locations and online storefronts, a dedicated direct sales team, and collaborations with external partners such as mobile network providers, wholesalers, general retailers, and authorized resellers. The App Store additionally functions as the primary conduit for third-party applications designed for its devices. Founded in 1976, Apple Inc. is headquartered in Cupertino, California.
- Sector
- Technology
- Industry
- Consumer Electronics
- CEO
- Timothy D. Cook