Honda Motor Co. (HMC) Cash Flow: Operating & Free Cash Flow

Honda Motor Co. (HMC) Cash Flow Statement

In fiscal 2026 (fiscal year ended Mar 31, 2026), Honda Motor Co. generated JPY 1.14T of operating cash flow and spent JPY 612.07B on capital expenditures. That left free cash flow of JPY 523.20B, or 2.4% of revenue. It returned JPY 954.66B to shareholders through JPY 284.39B in dividends and JPY 670.27B in share buybacks.

Honda Motor Co. Cash Flow Statement Analysis

Values in trillions JPY

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Honda Motor Co., Ltd. (HMC) - Annual data in trillions JPY
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Net Income	-0.40	1.32	1.64	0.88	1.07	1.07	0.79	0.98	1.11	1.01
Depreciation & Amortization	1.30	0.74	0.79	0.72	0.61	0.61	0.70	0.72	0.71	0.67
Deferred Income Tax	0.00	0.00	0.00	0.00	-0.07	0.00	-0.08	-0.20	0.00	0.00
Stock Based Compensation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Working Capital	0.03	-1.35	-1.13	0.86	0.30	0.30	-0.26	-0.52	-0.53	-0.54
Change in Accounts Receivable	-0.06	0.07	-0.14	-0.16	-0.02	0.49	0.13	0.01	-0.04	0.05
Change in Inventory	0.08	-0.08	-0.07	-0.17	-0.21	-0.21	-0.06	-0.06	-0.20	-0.07
Change in Accounts Payable	0.03	0.11	0.04	0.11	0.05	0.05	-0.14	-0.01	0.07	0.01
Change in Other Working Capital	-0.04	-0.06	0.02	0.22	0.49	-0.02	-0.19	-0.46	-0.35	-0.53
Other Operating Activities	0.13	-1.89	-1.69	0.49	-0.23	-0.30	-0.17	-0.21	-0.31	-0.26
Net Cash from Operating Activities	1.14	0.29	0.75	2.13	1.68	1.68	0.98	0.78	0.99	0.89
Investing Activities
Capital Expenditures	-0.61	-0.51	-0.35	-0.48	-0.45	-0.45	-0.60	-0.61	-0.57	-0.64
Acquisitions	-0.07	-0.16	-0.19	-0.02	-0.05	0.00	-0.02	0.00	0.00	0.01
Purchases of Investments	-0.24	-0.58	-0.46	-0.55	-0.49	-0.49	-0.28	-0.51	-0.28	-0.22
Sales/Maturities of Investments	0.33	0.47	0.20	0.49	0.53	0.53	0.27	0.52	0.22	0.18
Other Investing Activities	-0.25	-0.32	-0.25	-0.14	0.07	-0.15	0.02	0.02	0.02	0.02
Net Cash from Investing Activities	-0.85	-0.94	-0.87	-0.68	-0.38	-0.38	-0.62	-0.58	-0.62	-0.65
Financing Activities
Debt Repayment	-2.82	-2.66	-2.06	-2.38	-0.31	-0.31	0.26	0.35	0.14	0.36
Common Stock Repurchased	-0.67	-0.72	-0.25	-0.16	-0.06	-0.06	-0.10	-0.06	-0.09	0.00
Dividends Paid	-0.28	-0.35	-0.24	-0.21	-0.19	-0.19	-0.20	-0.19	-0.17	-0.16
Other Financing Activities	-0.08	-0.06	-0.08	-0.05	-0.05	-0.05	-0.06	-0.07	-0.05	-0.08
Net Cash from Financing Activities	-0.04	0.28	0.92	-1.47	-0.62	-0.62	-0.09	0.02	-0.17	0.12
Summary
Effect of Forex Changes on Cash	0.34	-0.06	0.35	0.15	0.23	0.23	-0.09	0.02	-0.05	0.00
Net Change in Cash	0.59	-0.43	1.15	0.13	0.92	0.92	0.18	0.24	0.15	0.35
Cash at Beginning of Period	4.53	4.95	3.80	3.67	2.76	2.76	2.49	2.26	2.11	1.76
Cash at End of Period	5.12	4.53	4.95	3.80	3.67	3.67	2.67	2.49	2.26	2.11
Free Cash Flow	0.52	-0.22	0.40	1.65	1.23	1.23	0.38	0.17	0.42	0.25
Supplemental Disclosures
Interest Paid	-	0.44	0.28	0.16	0.10	0.11	-	-	-	-
Income Taxes Paid	-	0.52	0.54	0.40	0.20	0.21	-	-	-	-

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

Frequently Asked Questions About Honda Motor Co. Cash Flow

What is Honda Motor Co.'s free cash flow?

Honda Motor Co. generated free cash flow of JPY 523.20B in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of JPY 1.14T minus JPY 612.07B of capital expenditures. Free cash flow equaled 2.4% of revenue.

How much does Honda Motor Co. spend on capital expenditures?

Honda Motor Co. spent JPY 612.07B on capital expenditures in fiscal 2026, compared with JPY 510.80B a year earlier. That equals 53.9% of operating cash flow.

Does Honda Motor Co. pay dividends or buy back shares?

Yes. In fiscal 2026 Honda Motor Co. returned JPY 284.39B in dividends and JPY 670.27B 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