Apple vs Microsoft — Free Cash Flow Comparison

Apple (AAPL) free cash flow was $98.8B in FY2025 (-9% YoY); Microsoft (MSFT) free cash flow was $71.6B in FY2025 (-3% 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	Microsoft
2025	$98.8B	$71.6B
2024	$108.8B	$74.1B
2023	$99.6B	$59.5B
2022	$111.4B	$65.1B
2021	$93.0B	$56.1B
2020	$73.4B	$45.2B
2019	$58.9B	$38.3B
2018	$64.1B	$32.3B
2017	$51.4B	$31.4B
2016	$52.7B	$25.0B
2015	$69.8B	—
2013	$44.6B	$24.6B
2012	$41.5B	$29.3B
2011	$30.1B	$24.6B
2010	$16.5B	$22.1B
2009	$8.9B	$15.9B
2008	$8.4B	$18.4B
2007	$4.5B	—

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

Microsoft — Annual Free Cash Flow

Fiscal Year	Free Cash Flow	YoY
2025	$71.6B	-3%
2024	$74.1B	+25%
2023	$59.5B	-9%
2022	$65.1B	+16%
2021	$56.1B	+24%
2020	$45.2B	+18%
2019	$38.3B	+19%
2018	$32.3B	+3%
2017	$31.4B	+26%
2016	$25.0B	+2%
2013	$24.6B	-16%
2012	$29.3B	+19%
2011	$24.6B	+12%
2010	$22.1B	+39%
2009	$15.9B	-14%
2008	$18.4B

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