Commercial Paper
Current LiabilitiesApple Commercial Paper decreased by 75.0% to $2.00B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.1%, from $2.00B to $2.00B. Over 5 years (FY 2020 to FY 2025), Commercial Paper shows a downward trend with a -16.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryLiquidity
SignalContext dependent
VolatilityVolatile
First reportedQ3 2015
Last reportedQ4 2025
How to read this metric
Higher levels indicate a reliance on short-term credit markets for liquidity; a sudden drop might indicate a shift to long-term financing.
Detailed definition
Unsecured, short-term debt instruments issued by the corporation to meet immediate liabilities and working capital needs...
Peer comparison
Only companies with high credit ratings, like major tech firms, can access this market at favorable rates.
Metric ID:
commercial_paperHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $8.00B | $6.00B | $5.00B | $7.00B | $10.98B | $9.98B | $1.74B | $2.00B | $3.99B | $5.99B | $2.00B | $2.00B | $2.99B | $9.97B | $2.00B | $5.98B | $9.92B | $7.98B | $2.00B |
| QoQ Change | — | -25.0% | -16.7% | +40.0% | +56.9% | -9.1% | -82.5% | +14.5% | +100.1% | +49.9% | -66.6% | -0.1% | +49.9% | +232.9% | -80.0% | +199.8% | +65.9% | -19.6% | -75.0% |
| YoY Change | — | — | — | — | +37.3% | +66.4% | -65.1% | -71.5% | -63.6% | -40.0% | +14.6% | +0.1% | -25.0% | +66.5% | -0.2% | +199.5% | +231.4% | -19.9% | +0.1% |
Range$1.74B – $10.98B
CAGR-26.5%
Avg YoY Growth+22.0%
Median YoY Growth+0.1%
Current Streak2 quarters decline
Commercial Paper at Other Companies
Frequently Asked Questions
- What is Apple's commercial paper?
- Apple (AAPL) reported commercial paper of $2.00B in Q4 2025.
- How has Apple's commercial paper changed year-over-year?
- Apple's commercial paper increased by 0.1% year-over-year, from $2.00B to $2.00B.
- What is the long-term trend for Apple's commercial paper?
- Over 5 years (2020 to 2025), Apple's commercial paper has grown at a -16.8% compound annual growth rate (CAGR), from $5.00B to $2.00B.
- What does commercial paper mean?
- Short-term IOUs used to raise quick cash for daily operations.