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Apple (AAPL) free cash flow by quarter

Apple's free cash flow was $25.9B in Q4 FY26 (fourth quarter fiscal 2026), -19% from Q3 FY26. Over the last 8 quarters it ranged from $20.9B (Q2 FY25) to $51.6B (Q1 FY26).

Apple free cash flow by quarterApple free cash flow by quarter$27.0BQ1 FY25$20.9BQ2 FY25$24.4BQ3 FY25$26.5BQ4 FY25$51.6BQ1 FY26$26.7BQ2 FY26$31.9BQ3 FY26$25.9BQ4 FY26
QuarterFree cash flowQ/QY/Y
Q4 FY26$25.9B-19%-2%
Q3 FY26$31.9B+19%+31%
Q2 FY26$26.7B-48%+28%
Q1 FY26$51.6B+95%+91%
Q4 FY25$26.5B+9%—
Q3 FY25$24.4B+17%—
Q2 FY25$20.9B-23%—
Q1 FY25$27.0B——

Q4 FY26 at a glance

Apple, Q4 FY26: revenue $114.5B (+12% year over year), operating margin 31.1%, net earnings $30.7B, operating cash flow $28.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is Apple's free cash flow?

Apple's free cash flow was $25.9B in Q4 FY26 (fourth quarter fiscal 2026), -19% from Q3 FY26.

How has Apple's free cash flow changed?

Over the last 8 quarters it ranged from $20.9B (Q2 FY25) to $51.6B (Q1 FY26).

Q4 FY26 results → · How Apple makes money →