QCR Holdings (QCRH) Cash Flow: Operating & Free Cash Flow

QCR Holdings (QCRH) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), QCR Holdings generated $421.54M of operating cash flow and spent $67.43M on capital expenditures. That left free cash flow of $354.11M, down 11.5% from $400.05M a year earlier, or 59.3% of revenue. It returned $25.69M to shareholders through $4.06M in dividends and $21.63M in share buybacks.

QCR Holdings Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for QCR Holdings, Inc. (QCRH) - Annual data in millions USD
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	127.19	113.85	113.56	99.07	98.91	60.58	57.41	43.12	35.71
Depreciation & Amortization	12.31	11.23	11.66	10.52	7.39	7.48	7.49	6.14	4.95
Deferred Income Tax	-2.34	-7.19	-0.95	-4.68	15.27	-14.53	6.36	6.29	-6.03
Stock Based Compensation	3.23	2.83	2.68	2.44	2.35	2.15	2.47	1.44	1.19
Change in Working Capital	-24.97	-25.87	-11.81	1.42	-44.21	-2.94	2.79	-5.23	-9.32
Change in Other Working Capital	289.54	-25.87	-11.81	1.42	-44.21	-2.94	2.79	-5.23	-9.32
Other Operating Activities	289.54	324.44	261.18	9.94	8.51	59.43	-0.03	12.50	7.22
Net Cash from Operating Activities	421.54	444.54	376.32	118.70	88.22	112.18	76.49	64.27	33.71
Investing Activities
Capital Expenditures	-67.43	-44.49	-14.95	-33.26	-13.98	-4.27	-12.43	-11.46	-5.76
Acquisitions	0.00	0.00	0.00	144.97	0.00	-0.15	42.59	-5.18	-3.37
Purchases of Investments	-235.03	-218.03	-187.64	-230.50	-173.20	-356.94	-76.31	-84.05	-179.79
Sales/Maturities of Investments	107.96	78.36	141.92	186.82	195.73	138.88	106.08	70.16	152.60
Other Investing Activities	-660.20	5.77	-688.61	-702.72	-420.31	-482.01	-368.59	-303.12	-374.20
Net Cash from Investing Activities	-854.71	-845.23	-749.27	-634.69	-411.77	-704.48	-308.66	-333.65	-410.52
Financing Activities
Debt Repayment	-206.96	-136.96	-108.13	609.83	-6.63	-104.17	-110.84	9.93	-2.69
Common Stock Issued	1.13	1.47	1.40	0.42	0.67	1.36	1.93	1.28	2.06
Common Stock Repurchased	-21.63	-8.69	-8.69	-52.95	-14.17	-3.78	0.00	0.00	0.00
Dividends Paid	-4.06	-4.03	-4.03	-3.94	-3.79	-3.78	-3.77	-3.30	-2.49
Other Financing Activities	353.01	547.18	529.79	-15.13	323.64	687.75	335.58	271.27	385.08
Net Cash from Financing Activities	417.93	395.30	410.35	538.23	299.71	577.38	222.90	279.18	381.96
Summary
Net Change in Cash	-15.24	-5.39	37.40	22.23	-23.84	-14.93	-9.27	9.80	5.15
Cash at Beginning of Period	91.73	97.12	59.72	37.49	61.33	76.25	85.52	75.72	70.57
Cash at End of Period	76.49	91.73	97.12	59.72	37.49	61.33	76.25	85.52	75.72
Free Cash Flow	354.11	400.05	361.38	85.44	74.24	107.91	64.07	52.81	27.95
Supplemental Disclosures
Interest Paid	-	247.67	187.95	58.65	23.37	-	-	-	-
Income Taxes Paid	-	4.85	2.86	1.06	48.99	-	-	-	-

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

Frequently Asked Questions About QCR Holdings Cash Flow

What is QCR Holdings's free cash flow?

QCR Holdings generated free cash flow of $354.11M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $421.54M minus $67.43M of capital expenditures. That was down 11.5% from $400.05M a year earlier. Free cash flow equaled 59.3% of revenue.

How much does QCR Holdings spend on capital expenditures?

QCR Holdings spent $67.43M on capital expenditures in fiscal 2025, compared with $44.49M a year earlier. That equals 16.0% of operating cash flow.

Does QCR Holdings pay dividends or buy back shares?

Yes. In fiscal 2025 QCR Holdings returned $4.06M in dividends and $21.63M 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