Ticker League

FCF Margin for Apple (AAPL)

As of · Reported

Metric

TTM

28.6%

YoY change

−4.09pp

Trough year (1993)

-10.8%

Peak year (2015)

29.9%

FCF Margin history chart for Apple (AAPL) from 1989 to 2025

Latest: 23.7%

FCF Margin change chart for Apple (AAPL) from 1989 to 2025

Latest: −4.09pp

FCF Margin history table for Apple (AAPL) from 1989 to 2025

  • 202523.7%-4.09pp
  • 202427.8%+1.84pp
  • 202326.0%-2.28pp
  • 202228.3%+2.85pp
  • 202125.4%-1.32pp
  • 202026.7%+4.09pp
  • 201922.6%-1.51pp
  • 201824.1%+1.71pp
  • 201722.4%-2.00pp
  • 201624.4%-5.42pp
  • 201529.9%+2.56pp
  • 201427.3%+1.21pp
  • 201326.1%-0.40pp
  • 201226.5%-1.30pp
  • 201127.8%+2.53pp
  • 201025.3%+4.26pp
  • 200921.0%-4.86pp
  • 200825.9%+7.17pp
  • 200718.7%+10.59pp
  • 20068.1%-8.24pp
  • 200516.3%+7.17pp
  • 20049.2%+7.14pp
  • 20032.0%+3.49pp
  • 2002-1.5%-0.60pp
  • 2001-0.9%-10.41pp
  • 20009.5%-3.10pp
  • 199912.6%+0.53pp
  • 199812.1%+10.68pp
  • 19971.4%-2.04pp
  • 19963.5%+7.07pp
  • 1995-3.6%-9.89pp
  • 19946.3%+17.12pp
  • 1993-10.8%-21.08pp
  • 199210.2%+11.67pp
  • 1991-1.4%-14.73pp
  • 199013.3%+8.23pp
  • 19895.1%—

FCF Margin values are taken from Apple's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at Apple (AAPL)

According to Apple's latest reported financial statements, the company's latest reported free cash flow margin is 28.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, Apple (AAPL) reported free cash flow margin of 23.73% – contracted 4.1 percentage points year-over-year.

The record annual free cash flow margin stands at 29.86%, reached in 2015; the historical low of -10.83% was recorded in 1993.

Apple FCF Margin by Year

Apple FCF Margin 2025: 23.7%

In 2025, Apple reported free cash flow margin of 23.73%, contracted 4.1 percentage points from 2024.

Apple FCF Margin 2024: 27.8%

Apple free cash flow margin in 2024 was 27.83%, expanded 1.8 percentage points from 2023.

Apple FCF Margin 2023: 26.0%

2023's free cash flow margin for Apple came in at 25.98%, contracted 2.3 percentage points from 2022.

Apple FCF Margin 2022: 28.3%

Apple posted free cash flow margin of 28.26% in 2022, expanded 2.9 percentage points from 2021.

Apple FCF Margin 2021: 25.4%

Apple free cash flow margin in 2021 was 25.41%.

See more financial history for Apple (AAPL).

Sector peers by FCF Margin

Technology peers of Apple (AAPL), ranked by their latest free cash flow margin

Frequently asked questions

Apple (AAPL) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation