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 24.32% is 85% above its 2-year average of 13.13%, near the high end of its 2-year range (4.06%–24.32%).
As of the fiscal period ended Tuesday, June 30, 2026. 48.05% above its 12-month average of 16.43%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
FCF PAYOUT RATIO
24.32%
FCF PAYOUT RATIO AVG TTM
16.43%
FCF PAYOUT RATIO AVG 3Y
13.13%
FCF PAYOUT RATIO AVG 5Y
13.13%
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
+48.05%
CURRENT VS 3Y AVG
+85.16%
CURRENT VS 5Y AVG
+85.16%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
24.3%
Earnings Payout Ratio
7.8%
Dividend Yield
0.27%
FCF Yield
1.08%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $73.27B | $10.05B | 13.7% |
| 2024 | $72.76B | $7.36B | 10.1% |
| 2023 | $69.50B | $0 | 0.0% |
| 2022 | $60.01B | $0 | 0.0% |
| 2021 | $67.01B | $0 | 0.0% |
| 2020 | $42.84B | $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 | 24.32% |
| 2026-03-31 | 15.76% |
| 2025-12-31 | 13.72% |
| 2025-09-30 | 13.53% |
| 2025-06-30 | 14.80% |
| 2025-03-31 | 13.08% |
| 2024-12-31 | 10.12% |
| 2024-09-30 | 8.82% |
| 2024-06-30 | 4.06% |
| 2018-09-30 | 3.50% |
| 2018-06-30 | 3.76% |
| 2018-03-31 | 3.77% |
| 2017-12-31 | 3.35% |
| 0.0% |
| 2019 | $30.97B | $0 | 0.0% |
| 2018 | $22.83B | $0 | 0.0% |
| 2017 | $23.91B | $0 | 0.0% |
| 2016 | $25.82B | $0 | 0.0% |
| 2015 | $16.11B | $0 | 0.0% |
| 2014 | $11.42B | $0 | 0.0% |
| 2013 | $11.30B | $0 | 0.0% |
| 2012 | $13.35B | $0 | 0.0% |
| 2011 | $11.13B | $0 | 0.0% |
| 2010 | $7.06B | $0 | 0.0% |
| 2009 | $8.51B | $0 | 0.0% |
| 2008 | $5.49B | $0 | 0.0% |
| 2007 | $3.37B | $0 | 0.0% |
| 2006 | $1.68B | $0 | 0.0% |
| 2005 | $1.62B | $0 | 0.0% |
| 2004 | $658.05M | $0 | 0.0% |
| 2003 | $218.64M | $0 | 0.0% |
| 2002 | $118.07M | $0 | 0.0% |
| 2001 | $18.00M | $0 | 0.0% |
