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 18.29% is 31% below its 4-year average of 26.57%, near the low end of its 4-year range (5.02%–171.53%).
As of the fiscal period ended Friday, July 31, 2026. 18.35% below its 12-month average of 22.41%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q2 FY2027 (2026-07-31): 18.29%.
FCF PAYOUT RATIO
18.29%
FCF PAYOUT RATIO AVG TTM
22.41%
FCF PAYOUT RATIO AVG 3Y
25.06%
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
-18.35%
CURRENT VS 3Y AVG
-27.00%
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
18.3%
Earnings Payout Ratio
13.4%
Dividend Yield
0.41%
FCF Yield
2.29%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $8.55B | $1.46B | 17.1% |
| 2025 | $1.87B | $1.27B | 68.2% |
| 2024 | $5.92B | $1.07B | 18.1% |
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 |
|---|---|
| 2026-07-31 | 18.29% |
| 2026-05-01 | 16.17% |
| 2026-01-30 | 17.06% |
| 2025-10-31 | 32.01% |
| 2025-08-01 | 28.50% |
| 2025-05-02 | 36.58% |
| 2025-01-31 | 68.22% |
| 2024-11-01 | 43.36% |
| 2024-08-02 | 35.10% |
| 2024-05-03 | 21.39% |
| 2024-01-31 | 18.11% |
| 2023-11-03 | 14.81% |
| 2023-08-04 | 19.34% |
| 2023-05-05 | 38.20% |
| 2023-01-31 | 171.53% |
| 2022-10-28 | 75.83% |
| 2022-07-29 | 13.02% |
| 2022-04-29 | 5.02% |
| 2023 |
| $562.00M |
| $964.00M |
| 171.5% |
| 2022 | $7.51B | $0 | 0.0% |
| 2021 | $9.32B | $0 | 0.0% |
| 2020 | $6.70B | $0 | 0.0% |
| 2019 | $5.49B | $2.13B | 38.8% |
| 2018 | $5.26B | $0 | 0.0% |
| 2017 | $1.46B | $0 | 0.0% |
| 2016 | $1.68B | $0 | 0.0% |
| 2015 | $2.07B | $0 | 0.0% |
| 2014 | $2.15B | $653.00M | 30.3% |
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.
