Barclays (BCS) Cash Flow: Operating & Free Cash Flow

Barclays (BCS) Cash Flow Statement

In fiscal 2026 (fiscal year ended Dec 31, 2025), Barclays generated GBP 18.74B of operating cash flow and spent GBP 1.86B on capital expenditures. That left free cash flow of GBP 16.88B, or 33.2% of revenue. It returned GBP 8.48B to shareholders through GBP 2.25B in dividends and GBP 6.23B in share buybacks.

Barclays Cash Flow Statement Analysis

Values in billions GBP

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Barclays PLC (BCS) - Annual data in billions GBP
Breakdown	FY 2026	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	7.17	8.11	6.56	7.01	8.19	3.07	4.36	3.49	3.54
Depreciation & Amortization	1.76	1.70	1.78	1.79	2.08	1.73	1.52	1.26	1.24
Deferred Income Tax	0.00	0.00	0.00	-0.51	-0.48	-0.43	-0.48	0.00	0.00
Stock Based Compensation	0.65	0.00	0.00	0.51	0.48	0.43	0.48	0.45	0.51
Change in Working Capital	-0.06	-6.33	-21.90	32.42	37.04	50.12	-22.80	4.57	51.86
Change in Other Working Capital	6.19	-6.33	10.73	0.44	49.36	50.12	-22.80	-15.86	39.86
Other Operating Activities	6.19	3.64	10.73	-12.21	2.27	2.59	4.63	-0.82	4.07
Net Cash from Operating Activities	18.74	7.11	-0.93	3.88	10.52	57.51	-12.30	8.50	60.71
Investing Activities
Capital Expenditures	-1.86	-1.57	-1.72	-1.75	-1.72	-1.32	-1.79	-1.40	-1.46
Acquisitions	0.00	-0.46	-2.42	0.00	1.06	0.00	0.05	0.02	-0.70
Purchases of Investments	-69.73	-109.93	-86.39	-97.11	-88.17	-106.42	-92.37	-106.67	-83.13
Sales/Maturities of Investments	72.95	91.32	67.09	77.10	93.10	89.38	81.20	107.54	88.30
Other Investing Activities	3.45	2.75	0.02	0.09	0.01	-0.01	0.08	1.19	0.49
Net Cash from Investing Activities	1.60	-17.89	-23.41	-21.67	4.27	-18.38	-12.83	0.68	3.50
Financing Activities
Debt Repayment	-6.19	6.40	-8.49	-9.01	-8.28	3.92	2.10	-3.03	1.66
Common Stock Issued	3.87	1.68	3.25	3.21	1.12	1.17	3.58	1.96	2.49
Common Stock Repurchased	-6.23	-5.03	-5.25	-4.13	-1.67	-1.41	-3.08	-4.07	-1.92
Dividends Paid	-2.25	-2.26	-2.26	-1.98	-1.36	-0.94	-1.91	-1.66	-1.27
Other Financing Activities	-0.04	0.00	0.00	-0.05	0.00	0.00	0.00	25.78	5.34
Net Cash from Financing Activities	2.26	0.78	-1.39	27.05	38.50	2.73	0.69	-6.79	0.96
Summary
Effect of Forex Changes on Cash	-1.74	-2.41	-5.05	10.33	-4.23	1.67	-3.35	4.16	-4.77
Net Change in Cash	20.85	-12.40	-30.78	19.58	49.06	43.53	-27.78	6.55	60.50
Cash at Beginning of Period	235.61	248.01	278.79	259.21	210.14	166.61	211.17	204.61	144.11
Cash at End of Period	256.46	235.61	248.01	278.79	259.21	210.14	183.39	211.17	204.61
Free Cash Flow	16.88	5.54	-2.65	2.14	8.80	56.18	-14.09	7.10	59.26
Supplemental Disclosures
Interest Paid	21.52	25.29	20.30	8.69	8.06	-	-	-	-
Income Taxes Paid	1.39	1.28	0.84	0.69	1.34	-	-	-	-

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

Frequently Asked Questions About Barclays Cash Flow

What is Barclays's free cash flow?

Barclays generated free cash flow of GBP 16.88B in fiscal 2026 (fiscal year ended Dec 31, 2025), operating cash flow of GBP 18.74B minus GBP 1.86B of capital expenditures. Free cash flow equaled 33.2% of revenue.

How much does Barclays spend on capital expenditures?

Barclays spent GBP 1.86B on capital expenditures in fiscal 2026. That equals 9.9% of operating cash flow.

Does Barclays pay dividends or buy back shares?

Yes. In fiscal 2026 Barclays returned GBP 2.25B in dividends and GBP 6.23B 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