What is Apple's operating cash flow?

Apple (AAPL) reported operating cash flow of $28.7B in Q1 2026.

How has Apple's operating cash flow changed year-over-year?

Apple's operating cash flow increased by 19.8% year-over-year, from $23.95B to $28.7B.

What is the long-term trend for Apple's operating cash flow?

Over 4 years (2021 to 2025), Apple's operating cash flow has grown at a 1.7% compound annual growth rate (CAGR), from $104.04B to $111.48B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

Apple AAPL Operating Cash Flow

Operating Cash Flow at other companies

HPHPQ

$926M+2,337%

MicrosoftMSFT

$46.68B+26.0%

QualcommQCOM

$2.45B-4.1%

Sirius XMSIRI

$271M+12.0%

AmazonAMZN

$26.03B+53.0%

Logitech InternationalLOGI

$202.79M+56.4%

Other financials

Income statement

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Revenue$111.18B+16.6%

Gross profit$54.8B+22.1%

Operating income$35.9B+21.3%

Net income$29.6B+19.4%

EPS (diluted)$2.01+21.8%

Balance sheet

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Cash & equivalents$45.6B+61.8%

Total debt$82.7B-10.3%

Total equity$106.49B+59.4%

Total assets$371.08B+12.0%

Cash flow

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CapEx$2.0B-35.8%

Free cash flow$26.7B+28.0%

Valuation

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Market cap$4.04T+34.6%

Enterprise value$4.08T+33.0%

P/E33×+2.1×

P/S9×+1.5×

Profitability

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Gross margin47.9%+1.2pp

Operating margin32.6%+0.8pp

Net margin27.2%+2.9pp

FCF margin28.6%+4.0pp

Returns & leverage

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Return on equity141.5%+3.5pp

Debt / equity0.8×-0.6×

Current ratio1.1×+0.2×

Where this comes from

Reported directly by Apple in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

The official record: Apple’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apple's operating cash flow?: Apple (AAPL) reported operating cash flow of $28.7B in Q1 2026.
How has Apple's operating cash flow changed year-over-year?: Apple's operating cash flow increased by 19.8% year-over-year, from $23.95B to $28.7B.
What is the long-term trend for Apple's operating cash flow?: Over 4 years (2021 to 2025), Apple's operating cash flow has grown at a 1.7% compound annual growth rate (CAGR), from $104.04B to $111.48B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.