AAPL dividends paid against free cash flow, by fiscal year
Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-22, from AAPL Dividend History: Splits and Raises.
| year | dividends_paid_billions | free_cash_flow_billions | dividends_share_of_fcf_pct |
|---|---|---|---|
| 2013 | 10.6 | 45.5 | 23.2 |
| 2014 | 11.1 | 50.1 | 22.2 |
| 2015 | 11.6 | 70 | 16.5 |
| 2016 | 12.2 | 53.5 | 22.7 |
| 2017 | 12.8 | 51.8 | 24.7 |
| 2018 | 13.7 | 64.1 | 21.4 |
| 2019 | 14.1 | 58.9 | 24 |
| 2020 | 14.1 | 73.4 | 19.2 |
| 2021 | 14.5 | 93 | 15.6 |
| 2022 | 14.8 | 111.4 | 13.3 |
| 2023 | 15 | 99.6 | 15.1 |
| 2024 | 15.2 | 108.8 | 14 |
| 2025 | 15.4 | 98.8 | 15.6 |
- Rows × columns
- 13 × 4
- Computed
- Completeness
- No missing values
- Source
- US exchange, SIP and OPRA market data
- Licence
- Strasmore terms · free, no signup
What each column holds
| Column | Type | Range | Notes |
|---|---|---|---|
year |
text | 13 distinct values (2013, 2014, 2015…) | |
dividends_paid_billions |
number | 10.6 to 15.4 | |
free_cash_flow_billions |
number | 45.5 to 111.4 | |
dividends_share_of_fcf_pct |
number | 13.3 to 24.7 | percent |
Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.
the exact SQL behind every number
WITH annual_years AS
(
SELECT
toUInt16OrZero(toString(fiscal_year)) AS fy,
argMax(abs(dividends), (filing_date, period_end)) AS dividends_paid,
argMax(net_cash_from_operating_activities, (filing_date, period_end)) AS operating_cash_flow,
argMax(abs(purchase_of_property_plant_and_equipment), (filing_date, period_end)) AS capex
FROM global_markets.stocks_cash_flow_statements
WHERE has(tickers, 'AAPL')
AND lower(timeframe) = 'annual'
GROUP BY fy
HAVING fy >= 2013
)
SELECT
toString(fy) AS year,
round(toFloat64(dividends_paid) / 1e9, 1) AS dividends_paid_billions,
round(toFloat64(operating_cash_flow - capex) / 1e9, 1) AS free_cash_flow_billions,
round(100 * toFloat64(dividends_paid) / toFloat64(operating_cash_flow - capex), 1) AS dividends_share_of_fcf_pct
FROM annual_years
ORDER BY year
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