Banco Bradesco (BBDO) Cash Flow: Operating & Free Cash Flow

Banco Bradesco (BBDO) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Banco Bradesco generated BRL 263.05B of operating cash flow and spent BRL 5.02B on capital expenditures. That left free cash flow of BRL 258.03B, or 82.8% of revenue. It returned BRL 12.06B to shareholders through BRL 11.83B in dividends and BRL 222.62M in share buybacks.

Banco Bradesco Cash Flow Statement Analysis

Values in billions BRL

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Banco Bradesco S.A. (BBDO) - Annual data in billions BRL
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	23.67	17.25	10.21	24.62	32.85	4.08	13.38	19.44	23.74
Depreciation & Amortization	0.00	6.73	6.52	5.66	5.77	5.92	5.87	4.81	4.57
Change in Working Capital	141.49	-208.20	-99.72	-60.07	-219.29	38.92	-125.29	-105.18	-71.01
Change in Accounts Receivable	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	61.74
Change in Accounts Payable	0.00	0.00	161.80	0.00	66.09	0.00	0.00	0.00	-27.25
Change in Other Working Capital	141.49	-208.20	48.80	-60.07	-211.48	38.92	-125.29	-105.18	-105.50
Other Operating Activities	97.89	92.89	48.80	79.55	69.32	93.52	86.59	74.43	78.25
Net Cash from Operating Activities	263.05	-91.33	-0.18	49.77	-168.08	142.43	-19.45	-6.50	35.55
Investing Activities
Capital Expenditures	-5.02	-2.30	-9.14	-9.41	-1.16	-4.26	-5.33	-5.44	-5.64
Acquisitions	2.26	-0.21	-0.08	-0.62	-0.18	-3.17	0.00	-0.44	0.00
Purchases of Investments	-395.74	0.00	-109.30	-234.53	-209.09	-103.67	-137.59	-174.21	-114.47
Sales/Maturities of Investments	233.45	133.17	153.62	174.31	174.67	108.43	117.39	125.66	86.98
Other Investing Activities	-265.38	-135.68	46.51	45.51	18.33	20.67	7.51	16.89	11.16
Net Cash from Investing Activities	-437.05	-5.01	83.61	-17.78	-19.31	20.46	-15.33	-34.49	-18.23
Financing Activities
Debt Repayment	41.65	0.29	-92.26	40.55	-103.44	-24.82	20.49	17.93	-12.33
Common Stock Repurchased	-0.22	-0.57	0.00	-0.22	-0.67	0.00	0.00	0.00	0.00
Dividends Paid	-11.83	-6.54	-8.93	0.00	-9.91	0.00	0.00	0.00	0.00
Other Financing Activities	131.58	124.70	-0.04	-18.41	-1.94	-11.59	-34.81	-23.52	-30.98
Net Cash from Financing Activities	161.17	117.88	-23.06	21.92	64.48	-36.41	-14.32	-5.60	-43.30
Summary
Effect of Forex Changes on Cash	12.83	-0.31	0.24	0.89	3.48	2.45	0.75	0.75	0.81
Net Change in Cash	0.00	21.23	60.37	54.80	-119.43	128.94	-48.35	-45.83	-25.18
Cash at Beginning of Period	0.00	186.79	126.19	71.39	190.82	61.88	110.23	156.05	181.23
Cash at End of Period	0.00	208.02	186.79	126.19	71.39	190.82	61.88	110.23	156.05
Free Cash Flow	258.03	-93.62	-9.32	40.36	-169.24	138.17	-24.78	-11.94	29.91
Supplemental Disclosures
Interest Paid	145.54	97.17	117.18	86.67	39.03	-	-	-	-
Income Taxes Paid	7.64	7.13	7.38	9.29	6.71	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Banco Bradesco Cash Flow

What is Banco Bradesco's free cash flow?

Banco Bradesco generated free cash flow of BRL 258.03B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of BRL 263.05B minus BRL 5.02B of capital expenditures. Free cash flow equaled 82.8% of revenue.

How much does Banco Bradesco spend on capital expenditures?

Banco Bradesco spent BRL 5.02B on capital expenditures in fiscal 2025, compared with BRL 2.30B a year earlier. That equals 1.9% of operating cash flow.

Does Banco Bradesco pay dividends or buy back shares?

Yes. In fiscal 2025 Banco Bradesco returned BRL 11.83B in dividends and BRL 222.62M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition