Current Liabilities
Commercial Paper Outstanding
Apple Commercial Paper Outstanding 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 Outstanding shows an upward trend with a 9.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryLiquidity
SignalContext dependent
VolatilityVolatile
First reportedQ3 2015
Last reportedQ4 2025
How to read this metric
An increase suggests a reliance on short-term funding markets for liquidity, while a decrease indicates a shift toward long-term financing or improved internal cash generation.
Detailed definition
This reflects the total principal amount of short-term, unsecured promissory notes issued by the company to fund immedia...
Peer comparison
Commonly used by investment-grade aerospace firms to manage seasonal working capital requirements.
Metric ID:
commercial_paper_outstandingHistorical 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 Outstanding at Other Companies
Frequently Asked Questions
- What is Apple's commercial paper outstanding?
- Apple (AAPL) reported commercial paper outstanding of $2.00B in Q4 2025.
- How has Apple's commercial paper outstanding changed year-over-year?
- Apple's commercial paper outstanding increased by 0.1% year-over-year, from $2.00B to $2.00B.
- What is the long-term trend for Apple's commercial paper outstanding?
- Over 5 years (2020 to 2025), Apple's commercial paper outstanding has grown at a 9.8% compound annual growth rate (CAGR), from $5.00B to $7.98B.
- What does commercial paper outstanding mean?
- The total value of short-term debt notes the company has issued to investors.