Apple vs Alphabet — Free Cash Flow Comparison

Apple (AAPL) free cash flow was $98.8B in FY2025 (-9% YoY); Alphabet (GOOGL) free cash flow was $73.3B in FY2025 (+1% YoY). The tables below show the complete quarterly and annual free cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Apple	Alphabet
2025	$98.8B	$73.3B
2024	$108.8B	$72.8B
2023	$99.6B	$69.5B
2022	$111.4B	$60.0B
2021	$93.0B	$67.0B
2020	$73.4B	$42.8B
2019	$58.9B	$31.0B
2018	$64.1B	$22.8B
2017	$51.4B	$23.9B
2016	$52.7B	$25.8B
2015	$69.8B	$16.6B
2014	—	$12.0B
2013	$44.6B	$11.3B
2012	$41.5B	$13.3B
2011	$30.1B	$11.1B
2010	$16.5B	$7.1B
2009	$8.9B	$8.5B
2008	$8.4B	$5.5B
2007	$4.5B	$3.4B

Apple — Annual Free Cash Flow

Fiscal Year	Free Cash Flow	YoY
2025	$98.8B	-9%
2024	$108.8B	+9%
2023	$99.6B	-11%
2022	$111.4B	+20%
2021	$93.0B	+27%
2020	$73.4B	+25%
2019	$58.9B	-8%
2018	$64.1B	+25%
2017	$51.4B	-2%
2016	$52.7B	-24%
2015	$69.8B	+56%
2013	$44.6B	+8%
2012	$41.5B	+38%
2011	$30.1B	+83%
2010	$16.5B	+84%
2009	$8.9B	+7%
2008	$8.4B	+87%
2007	$4.5B

Alphabet — Annual Free Cash Flow

Fiscal Year	Free Cash Flow	YoY
2025	$73.3B	+1%
2024	$72.8B	+5%
2023	$69.5B	+16%
2022	$60.0B	-10%
2021	$67.0B	+56%
2020	$42.8B	+38%
2019	$31.0B	+36%
2018	$22.8B	-4%
2017	$23.9B	-7%
2016	$25.8B	+55%
2015	$16.6B	+38%
2014	$12.0B	+6%
2013	$11.3B	-15%
2012	$13.3B	+20%
2011	$11.1B	+58%
2010	$7.1B	-17%
2009	$8.5B	+55%
2008	$5.5B	+63%
2007	$3.4B

Source: AAPL on EDGAR · GOOGL on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.