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Ericsson free cash flow 1991–2026What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
Ericsson's free cash flow in Q3 FY2026, the three months to 30 September 2026, was 5.33B SEK, down 26.6% on the same quarter a year before. Ericsson's free cash flow over the last twelve months was 28.51B SEK, down 11.3% on the twelve months before. In fiscal year 2025 it was 28.50B SEK, down 38.0% on the year before.
Last updated 7 Nov 2026 · Next report 22 Jan 2027
Free cash flow
Free cash flow · +8.8% a year over 10 yearsFree cash flow margin
Growth
| Fiscal year | Period ending | Free cash flow | Growth | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 28.51B | -11.33% | 12.33% | 31.76B | -3.25B | 8.58 |
| FY2025 | 31 Dec 2025 | 28.50B | -37.97% | 12.81% | 30.98B | -2.47B | 8.53 |
| FY2024 | 31 Dec 2024 | 45.96B | +1,148.70% | 17.72% | 48.40B | -2.45B | 13.76 |
| FY2023 | 31 Dec 2023 | 3.68B | -86.19% | 1.47% | 6.81B | -3.13B | 1.11 |
| FY2022 | 31 Dec 2022 | 26.65B | -28.48% | 9.72% | 31.17B | -4.52B | 7.99 |
| FY2021 | 31 Dec 2021 | 37.26B | +71.20% | 15.24% | 41.12B | -3.86B | 11.18 |
| FY2020 | 31 Dec 2020 | 21.77B | +92.90% | 10.52% | 25.77B | -4.00B | 6.54 |
| FY2019 | 31 Dec 2019 | 11.28B | +103.30% | 5.17% | 16.20B | -4.91B | 3.40 |
| FY2018 | 31 Dec 2018 | 5.55B | -0.99% | 2.55% | 9.66B | -4.11B | 1.67 |
| FY2017 | 31 Dec 2017 | 5.61B | -33.32% | 2.79% | 9.40B | -3.80B | 1.69 |
| FY2016 | 31 Dec 2016 | 8.41B | -31.20% | 3.54% | 14.95B | -6.54B | 2.55 |
| FY2015 | 31 Dec 2015 | 12.22B | -11.02% | 4.96% | 20.53B | -8.31B | 3.61 |
| FY2014 | 31 Dec 2014 | 13.73B | +6.90% | 5.87% | 19.20B | -5.46B | 4.20 |
| FY2013 | 31 Dec 2013 | 12.85B | -20.14% | 5.67% | 17.34B | -4.49B | 3.94 |
| FY2012 | 31 Dec 2012 | 16.09B | +205.66% | 7.29% | 21.35B | -5.26B | 4.95 |
| FY2011 | 31 Dec 2011 | 5.26B | -75.57% | 2.20% | 10.53B | -5.27B | 1.63 |
| FY2010 | 31 Dec 2010 | 21.54B | +12.64% | 11.26% | 25.01B | -3.47B | 6.68 |
| FY2009 | 31 Dec 2009 | 19.13B | -8.10% | 9.91% | 22.87B | -3.74B | 6.00 |
| FY2008 | 31 Dec 2008 | 20.81B | +45.86% | 9.51% | 25.14B | -4.33B | 6.50 |
| FY2007 | 31 Dec 2007 | 14.27B | +2.18% | 7.93% | 18.40B | -4.14B | 4.47 |
| FY2006 | 31 Dec 2006 | 13.96B | -1.29% | 8.15% | 17.61B | -3.64B | 4.40 |
| FY2005 | 31 Dec 2005 | 14.15B | -21.66% | 8.76% | 17.72B | -3.58B | 4.46 |
| FY2004 | 31 Dec 2004 | 18.06B | -14.20% | 15.18% | 20.27B | -2.21B | 5.70 |
| FY2003 | 31 Dec 2003 | 21.05B | — | 17.89% | 22.85B | -1.80B | 6.64 |
| FY2002 | 31 Dec 2002 | -12.85B | — | -8.80% | -10.11B | -2.75B | -5.07 |
| FY2001 | 31 Dec 2001 | -8.98B | — | -3.87% | -681.05M | -8.30B | -5.67 |
| FY2000 | 31 Dec 2000 | -23.31B | -708.11% | -8.46% | -10.93B | -12.38B | -14.68 |
| FY1999 | 31 Dec 1999 | 3.83B | — | 1.78% | 12.91B | -9.08B | 2.43 |
| FY1998 | 31 Dec 1998 | -1.57B | -120.42% | -0.85% | 7.40B | -8.97B | -0.98 |
| FY1997 | 31 Dec 1997 | 7.71B | +156.39% | 4.57% | 14.98B | -7.27B | 4.88 |
| FY1996 | 31 Dec 1996 | 3.01B | — | 2.39% | 9.29B | -6.29B | 1.91 |
| FY1995 | 31 Dec 1995 | -3.57B | -178.61% | -3.61% | 2.80B | -6.36B | -2.41 |
| FY1994 | 31 Dec 1994 | 4.54B | +350.81% | 5.39% | 9.44B | -4.90B | 3.85 |
| FY1993 | 31 Dec 1993 | 1.01B | — | 1.58% | 5.35B | -4.35B | 0.74 |
| FY1992 | 31 Dec 1992 | -2.36B | — | -5.03% | 1.48B | -3.84B | -1.74 |
| FY1991 | 31 Dec 1991 | -31.21M | — | -0.07% | 3.58B | -3.61B | -0.02 |
| Quarter | Period ending | Free cash flow | Growth on a year before | Free cash flow margin | Operating cash flow | Capital expenditure | Free cash flow per share |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 5.33B | -26.55% | 8.96% | 6.47B | -1.14B | 1.63 |
| Q2 FY2026 | 30 Jun 2026 | 1.28B | -63.60% | 2.43% | 1.94B | -659.40M | 0.39 |
| Q1 FY2026 | 31 Mar 2026 | 7.03B | +106.60% | 13.75% | 7.67B | -642.57M | 2.10 |
| Q4 FY2025 | 31 Dec 2025 | 14.86B | -17.26% | 21.89% | 15.68B | -813.41M | 4.45 |
| Q3 FY2025 | 30 Sept 2025 | 7.26B | -45.14% | 12.91% | 7.76B | -499.77M | 2.17 |
| Q2 FY2025 | 30 Jun 2025 | 3.52B | -58.53% | 6.40% | 4.08B | -558.52M | 1.06 |
| Q1 FY2025 | 31 Mar 2025 | 3.40B | -29.30% | 6.60% | 4.09B | -683.54M | 1.02 |
| Q4 FY2024 | 31 Dec 2024 | 17.97B | +38.28% | 24.01% | 18.68B | -715.79M | 5.39 |
| Q3 FY2024 | 30 Sept 2024 | 13.23B | +1,496.80% | 22.14% | 13.75B | -516.05M | 3.96 |
| Q2 FY2024 | 30 Jun 2024 | 8.50B | — | 14.36% | 9.19B | -691.70M | 2.55 |
| Q1 FY2024 | 31 Mar 2024 | 4.81B | — | 8.70% | 5.26B | -450.07M | 1.44 |
| Q4 FY2023 | 31 Dec 2023 | 12.99B | -29.03% | 19.15% | 13.66B | -664.06M | 3.90 |
| Q3 FY2023 | 30 Sept 2023 | 828.71M | -78.39% | 1.27% | 1.63B | -803.61M | 0.25 |
| Q2 FY2023 | 30 Jun 2023 | -3.82B | -167.93% | -5.79% | -2.99B | -835.24M | -1.15 |
| Q1 FY2023 | 31 Mar 2023 | -6.73B | — | -10.84% | -5.78B | -946.47M | -2.02 |
| Q4 FY2022 | 31 Dec 2022 | 18.31B | +21.34% | 22.34% | 19.74B | -1.43B | 5.49 |
| Q3 FY2022 | 30 Sept 2022 | 3.84B | -72.63% | 5.33% | 5.01B | -1.18B | 1.15 |
| Q2 FY2022 | 30 Jun 2022 | 5.63B | +13.04% | 8.67% | 6.74B | -1.11B | 1.69 |
| Q1 FY2022 | 31 Mar 2022 | -787.99M | -133.17% | -1.43% | 30.00M | -817.99M | -0.24 |
| Q4 FY2021 | 31 Dec 2021 | 15.09B | +30.33% | 20.74% | 15.80B | -712.71M | 4.53 |
| Q3 FY2021 | 30 Sept 2021 | 14.02B | +226.32% | 24.61% | 15.07B | -1.05B | 4.20 |
| Q2 FY2021 | 30 Jun 2021 | 4.98B | +30.06% | 8.94% | 5.99B | -1.01B | 1.49 |
| Q1 FY2021 | 31 Mar 2021 | 2.38B | -28.25% | 4.60% | 3.32B | -949.26M | 0.71 |
| Q4 FY2020 | 31 Dec 2020 | 11.58B | — | 17.47% | 12.61B | -1.04B | 3.48 |
| Q3 FY2020 | 30 Sept 2020 | 4.29B | -30.30% | 7.43% | 5.28B | -985.56M | 1.29 |
| Q2 FY2020 | 30 Jun 2020 | 3.83B | +56.23% | 7.17% | 5.06B | -1.23B | 1.15 |
| Q1 FY2020 | 31 Mar 2020 | 3.31B | -26.43% | 6.41% | 4.47B | -1.16B | 1.00 |
| Q4 FY2019 | 31 Dec 2019 | -1.37B | -141.93% | -2.18% | -88.50M | -1.28B | -0.41 |
| Q3 FY2019 | 30 Sept 2019 | 6.16B | +542.22% | 10.60% | 7.49B | -1.33B | 1.85 |
| Q2 FY2019 | 30 Jun 2019 | 2.45B | +393.23% | 4.55% | 3.53B | -1.07B | 0.74 |
| Q1 FY2019 | 31 Mar 2019 | 4.50B | +511.04% | 9.10% | 5.83B | -1.33B | 1.35 |
| Q4 FY2018 | 31 Dec 2018 | 3.26B | -66.95% | 5.13% | 4.31B | -1.05B | 0.98 |
| Q3 FY2018 | 30 Sept 2018 | 959.49M | — | 1.80% | 2.05B | -1.09B | 0.29 |
| Q2 FY2018 | 30 Jun 2018 | 496.84M | — | 0.97% | 1.48B | -982.52M | 0.15 |
| Q1 FY2018 | 31 Mar 2018 | 736.55M | — | 1.65% | 1.62B | -879.33M | 0.22 |
| Q4 FY2017 | 31 Dec 2017 | 9.86B | -48.36% | 16.93% | 10.98B | -1.12B | 2.97 |
| Q3 FY2017 | 30 Sept 2017 | -838.23M | — | -1.70% | -69.63M | -768.60M | -0.25 |
| Q2 FY2017 | 30 Jun 2017 | -969.67M | — | -2.00% | 488.66K | -970.16M | -0.29 |
| Q1 FY2017 | 31 Mar 2017 | -2.55B | — | -5.51% | -1.54B | -1.01B | -0.77 |
| Q4 FY2016 | 31 Dec 2016 | 19.09B | +0.80% | 29.01% | 20.81B | -1.73B | 5.77 |
| Q3 FY2016 | 30 Sept 2016 | -3.72B | — | -7.24% | -2.33B | -1.38B | -1.13 |
| Q2 FY2016 | 30 Jun 2016 | -3.38B | — | -6.25% | -713.00M | -2.67B | -1.03 |
| Q1 FY2016 | 31 Mar 2016 | -5.05B | — | -9.68% | -2.37B | -2.68B | -1.54 |
| Q4 FY2015 | 31 Dec 2015 | 18.94B | +212.63% | 25.74% | 21.86B | -2.92B | 5.82 |
| Q3 FY2015 | 30 Sept 2015 | -1.23B | — | -2.08% | 1.56B | -2.79B | -0.37 |
| Q2 FY2015 | 30 Jun 2015 | -189.00M | -134.43% | -0.31% | 3.08B | -3.27B | -0.06 |
| Q1 FY2015 | 31 Mar 2015 | -8.56B | -204.77% | -16.00% | -5.90B | -2.66B | -2.61 |
| Q4 FY2014 | 31 Dec 2014 | 6.06B | -54.03% | 8.91% | 8.60B | -2.54B | 1.85 |
| Q3 FY2014 | 30 Sept 2014 | -2.92B | -757.66% | -5.07% | -1.35B | -1.57B | -0.89 |
| Q2 FY2014 | 30 Jun 2014 | 549.00M | -80.39% | 1.00% | 2.05B | -1.51B | 0.17 |
| Q1 FY2014 | 31 Mar 2014 | 8.17B | — | 17.20% | 9.40B | -1.23B | 2.50 |
| Q4 FY2013 | 31 Dec 2013 | 13.18B | -5.45% | 19.66% | 14.61B | -1.43B | 4.04 |
| Q3 FY2013 | 30 Sept 2013 | 444.00M | -91.25% | 0.84% | 1.46B | -1.02B | 0.14 |
| Q2 FY2013 | 30 Jun 2013 | 2.80B | — | 5.06% | 4.29B | -1.49B | 0.86 |
| Q1 FY2013 | 31 Mar 2013 | -4.45B | — | -8.55% | -2.97B | -1.48B | -1.37 |
| Q4 FY2012 | 31 Dec 2012 | 13.94B | +311.91% | 20.82% | 15.69B | -1.76B | 4.29 |
| Q3 FY2012 | 30 Sept 2012 | 5.08B | +386.30% | 9.31% | 6.97B | -1.90B | 1.56 |
| Q2 FY2012 | 30 Jun 2012 | -2.89B | -174.43% | -5.23% | -1.36B | -1.53B | -0.89 |
| Q1 FY2012 | 31 Mar 2012 | -1.17B | — | -2.29% | 731.00M | -1.90B | -0.36 |
| Q4 FY2011 | 31 Dec 2011 | 3.38B | -73.04% | 5.31% | 5.47B | -2.08B | 1.05 |
| Q3 FY2011 | 30 Sept 2011 | 1.04B | -90.33% | 1.88% | 1.64B | -596.00M | 0.32 |
| Q2 FY2011 | 30 Jun 2011 | 3.89B | — | 7.10% | 5.78B | -1.89B | 1.20 |
| Q1 FY2011 | 31 Mar 2011 | -3.89B | -386.37% | -7.34% | -2.91B | -980.00M | -1.20 |
| Q4 FY2010 | 31 Dec 2010 | 12.55B | +16.68% | 19.99% | 15.18B | -2.63B | 3.92 |
| Q3 FY2010 | 30 Sept 2010 | 10.79B | +127.58% | 22.73% | 11.82B | -1.03B | 3.35 |
| Q2 FY2010 | 30 Jun 2010 | -3.45B | -145.24% | -7.18% | -2.71B | -738.00M | -1.08 |
| Q1 FY2010 | 31 Mar 2010 | 1.36B | — | 3.01% | 2.29B | -937.00M | 0.42 |
| Q4 FY2009 | 31 Dec 2009 | 10.76B | +104.77% | 18.44% | 12.53B | -1.77B | 3.37 |
| Q3 FY2009 | 30 Sept 2009 | 4.74B | +167.89% | 10.21% | 5.68B | -935.00M | 1.49 |
| Q2 FY2009 | 30 Jun 2009 | 7.62B | -0.47% | 14.60% | 9.13B | -1.52B | 2.39 |
| Q1 FY2009 | 31 Mar 2009 | -4.09B | -207.94% | -8.24% | -2.86B | -1.23B | -1.28 |
| Q4 FY2008 | 31 Dec 2008 | 5.25B | -49.48% | 7.86% | 6.94B | -1.69B | 1.65 |
| Q3 FY2008 | 30 Sept 2008 | 1.77B | — | 3.59% | 3.79B | -2.02B | 0.56 |
| Q2 FY2008 | 30 Jun 2008 | 7.65B | +125.09% | 15.76% | 8.54B | -892.97M | 2.37 |
| Q1 FY2008 | 31 Mar 2008 | 3.78B | +5.09% | 8.57% | 4.73B | -944.68M | 1.19 |
| Q4 FY2007 | 31 Dec 2007 | 10.40B | -4.98% | 18.94% | 12.06B | -1.66B | 3.27 |
| Q3 FY2007 | 30 Sept 2007 | -2.48B | -161.65% | -5.69% | -1.60B | -873.05M | -0.78 |
| Q2 FY2007 | 30 Jun 2007 | 3.40B | — | 7.14% | 4.22B | -820.99M | 1.07 |
| Q1 FY2007 | 31 Mar 2007 | 3.60B | +167.52% | 8.55% | 4.57B | -970.09M | 1.13 |
| Q4 FY2006 | 31 Dec 2006 | 10.94B | -27.33% | 20.66% | 10.94B | 0.00 | 3.45 |
| Q3 FY2006 | 30 Sept 2006 | 4.02B | +1,449.80% | 9.84% | 4.85B | -829.52M | 1.27 |
| Q2 FY2006 | 30 Jun 2006 | -776.57M | -110.92% | -1.76% | 241.64M | -1.02B | -0.24 |
| Q1 FY2006 | 31 Mar 2006 | 1.35B | — | 3.43% | 2.40B | -1.06B | 0.42 |
| Q4 FY2005 | 31 Dec 2005 | 15.06B | +134.02% | 32.94% | 15.06B | 0.00 | 4.75 |
| Q3 FY2005 | 30 Sept 2005 | 259.19M | -96.03% | 0.72% | 259.19M | 0.00 | 0.08 |
| Q2 FY2005 | 30 Jun 2005 | 7.11B | +10.49% | 18.51% | 7.11B | 0.00 | 2.25 |
| Q1 FY2005 | 31 Mar 2005 | -5.77B | -278.98% | -18.32% | -5.77B | 0.00 | -1.83 |
| Q4 FY2004 | 31 Dec 2004 | 6.43B | +38.45% | 15.97% | 6.43B | 0.00 | 2.03 |
| Q3 FY2004 | 30 Sept 2004 | 6.53B | -34.37% | 20.52% | 6.53B | 0.00 | 2.06 |
| Q2 FY2004 | 30 Jun 2004 | 6.44B | +12.34% | 19.79% | 6.44B | 0.00 | 2.03 |
| Q1 FY2004 | 31 Mar 2004 | 3.22B | +28.11% | 11.48% | 3.22B | 0.00 | 1.02 |
| Q4 FY2003 | 31 Dec 2003 | 4.65B | +41.61% | 12.89% | 4.65B | 0.00 | 1.47 |
| Q3 FY2003 | 30 Sept 2003 | 9.96B | — | 35.48% | 9.96B | 0.00 | 3.14 |
| Q2 FY2003 | 30 Jun 2003 | 5.73B | — | 20.79% | 5.73B | 0.00 | 1.81 |
| Q1 FY2003 | 31 Mar 2003 | 2.52B | — | 9.76% | 2.52B | 0.00 | 0.80 |
| Q4 FY2002 | 31 Dec 2002 | 3.28B | -77.03% | 8.87% | 3.28B | 0.00 | 1.03 |
| Q3 FY2002 | 30 Sept 2002 | -4.89B | -256.71% | -14.59% | -4.89B | 0.00 | -1.53 |
| Q2 FY2002 | 30 Jun 2002 | -5.66B | -415.79% | -14.72% | -5.66B | 0.00 | -3.51 |
| Q1 FY2002 | 31 Mar 2002 | -2.83B | — | -7.65% | -2.83B | 0.00 | -1.76 |
| Q4 FY2001 | 31 Dec 2001 | 14.28B | — | 24.29% | 14.28B | 0.00 | 9.03 |
| Q3 FY2001 | 30 Sept 2001 | 3.12B | — | 5.73% | 3.12B | 0.00 | 1.97 |
| Q2 FY2001 | 30 Jun 2001 | 1.79B | +44.49% | 2.89% | 1.79B | 0.00 | 1.13 |
| Q1 FY2001 | 31 Mar 2001 | -19.88B | — | -35.72% | -19.88B | 0.00 | -12.57 |
| Q4 FY2000 | 31 Dec 2000 | -116.85M | -100.80% | -0.14% | -116.85M | 0.00 | -0.07 |
| Q3 FY2000 | 30 Sept 2000 | -6.22B | -170.80% | -9.19% | -6.22B | 0.00 | -3.89 |
| Q2 FY2000 | 30 Jun 2000 | 1.24B | — | 1.91% | 1.24B | 0.00 | 0.78 |
| Q1 FY2000 | 31 Mar 2000 | -5.83B | — | -9.86% | -5.83B | 0.00 | -3.64 |
| Q4 FY1999 | 31 Dec 1999 | 14.60B | — | 19.91% | 14.60B | 0.00 | 9.14 |
| Q3 FY1999 | 30 Sept 1999 | 8.79B | — | 17.80% | 8.79B | 0.00 | 5.50 |
| Q2 FY1999 | 30 Jun 1999 | -1.70B | — | -3.35% | -1.70B | 0.00 | -1.07 |
| Q1 FY1999 | 31 Mar 1999 | -8.77B | — | -21.14% | -8.77B | 0.00 | -5.49 |
Figures in SEK. Free cash flow is operating cash flow less capital expenditure. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Total debt,Cash flow
Common questions about Ericsson's free cash flow
Source: Financial Modeling Prep