Apple Inc. cash flow statement

In fiscal 2026, Apple Inc.'s operations generated $145.10bn of cash; it spent $9.04bn on capital projects, leaving free cash flow of $136.06bn. It returned $15.72bn in dividends and $86.39bn through buybacks.

Cash flow statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Apple Inc.: cash flow statement, annual
Fiscal year	2010Sept 2010	2011Sept 2011	2012Sept 2012	2013Sept 2013	2014Sept 2014	2015Sept 2015	2016Sept 2016	2017Sept 2017	2018Sept 2018	2019Sept 2019	2020Sept 2020	2021Sept 2021	2022Sept 2022	2023Sept 2023	2024Sept 2024	2025Sept 2025	2026Sept 2026
Cash from operations	18.6	37.5	50.9	53.7	59.7	81.3	66.2	64.2	77.4	69.4	80.7	104.0	122.2	110.5	118.3	111.5	145.1
Depreciation and amortisation	1.0	1.8	3.3	6.8	7.9	9.2	10.5	10.2	10.9	12.5	11.1	11.3	11.1	11.5	11.4	11.7	13.4
Stock-based pay	0.9	1.2	1.7	2.3	2.9	3.6	4.2	4.8	5.3	6.1	6.8	7.9	9.0	10.8	11.7	12.9	13.8
Capital spending	2.0	4.3	8.3	8.2	9.6	11.2	12.7	12.5	13.3	10.5	7.3	11.1	10.7	11.0	9.4	12.7	9.0
Free cash flow	16.6	33.3	42.6	45.5	50.1	70.0	53.5	51.8	64.1	58.9	73.4	93.0	111.4	99.6	108.8	98.8	136.1
Free cash flow after stock pay	15.7	32.1	40.8	43.2	47.3	66.4	49.3	46.9	58.8	52.8	66.5	85.0	102.4	88.8	97.1	85.9	122.3
Dividends paid	—	—	—	10.5	11.0	11.6	12.2	12.8	13.7	14.1	14.1	14.5	14.8	15.0	15.2	15.4	15.7
Share buybacks	—	0.0	0.0	22.9	45.0	35.3	29.7	32.9	72.7	66.9	72.4	86.0	89.4	77.6	94.9	90.7	86.4
Shares issued	0.9	0.8	0.7	0.5	0.7	0.5	0.5	0.6	0.7	0.8	0.9	1.1	—	—	—	—	—

US$ billions unless shown otherwise. Fiscal quarters.

Apple Inc.: cash flow statement, quarterly
Quarter	2025 Q1Dec 2024	2025 Q2Mar 2025	2025 Q3Jun 2025	2025 Q4Sept 2025	2026 Q1Dec 2025	2026 Q2Mar 2026	2026 Q3Jun 2026	2026 Q4Sept 2026
Cash from operations	29.9	24.0	27.9	29.7	53.9	28.7	34.4	28.1
Depreciation and amortisation	3.1	2.7	2.8	3.1	3.2	3.4	3.3	3.5
Stock-based pay	3.3	3.2	3.2	3.2	3.6	3.5	3.4	3.3
Capital spending	2.9	3.1	3.5	3.2	2.4	2.0	2.5	2.2
Free cash flow	27.0	20.9	24.4	26.5	51.6	26.7	31.9	25.9
Free cash flow after stock pay	23.7	17.7	21.2	23.3	48.0	23.2	28.5	22.6

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Apple Inc.'s SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Apple Inc.