TFS Financial (TFSL) Cash Flow: Operating & Free Cash Flow

TFS Financial (TFSL) Cash Flow Statement

In fiscal 2025 (fiscal year ended Sep 30, 2025), TFS Financial generated $82.42M of operating cash flow and spent $11.45M on capital expenditures. That left free cash flow of $70.97M, down 17.0% from $85.54M a year earlier, or 22.2% of revenue. It returned $63.51M to shareholders through $59.53M in dividends and $3.98M in share buybacks.

TFS Financial Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for TFS Financial Corporation (TFSL) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	0.09	0.08	0.08	0.07	0.08	0.08	0.08	0.09	0.09
Depreciation & Amortization	0.02	0.02	0.02	0.03	0.03	0.03	0.02	0.03	0.02
Deferred Income Tax	0.00	0.00	0.00	-0.03	-0.01	0.02	0.02	0.00	0.00
Stock Based Compensation	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Change in Working Capital	-0.01	0.01	0.00	-0.01	0.02	0.01	-0.01	-0.01	0.00
Change in Accounts Receivable	0.00	0.00	-0.04	-0.01	0.01	-0.02	-0.01	-0.01	0.00
Change in Other Working Capital	-0.01	-0.03	0.04	-0.03	0.01	0.02	0.00	-0.01	0.00
Other Operating Activities	-0.01	-0.03	-0.01	-0.03	-0.05	-0.04	-0.02	-0.02	-0.02
Net Cash from Operating Activities	0.08	0.09	0.09	0.04	0.08	0.12	0.10	0.09	0.10
Investing Activities
Capital Expenditures	-0.01	0.00	-0.01	0.00	0.00	0.00	0.00	-0.01	0.00
Purchases of Investments	-0.16	-0.13	-0.14	-0.25	-0.30	-0.17	-0.16	-0.15	-0.18
Sales/Maturities of Investments	0.17	0.14	0.08	0.16	0.32	0.27	0.15	0.14	0.15
Other Investing Activities	0.28	0.15	0.00	0.04	0.53	0.05	-0.33	-0.45	-0.72
Net Cash from Investing Activities	-0.38	-0.12	-1.01	-1.88	0.55	0.15	-0.34	-0.47	-0.75
Financing Activities
Debt Repayment	-0.43	-0.43	-0.08	-0.02	-0.43	-0.38	0.18	0.05	0.95
Common Stock Repurchased	0.00	0.00	-0.01	-0.01	-0.01	0.00	-0.01	-0.02	-0.05
Dividends Paid	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06	-0.05	-0.04	-0.03
Other Financing Activities	-0.01	-0.16	0.10	0.17	-0.15	0.39	0.12	0.39	-0.18
Net Cash from Financing Activities	0.27	0.03	1.02	1.72	-0.64	-0.05	0.24	0.38	0.69
Summary
Net Change in Cash	-0.03	0.00	0.10	-0.12	-0.01	0.22	0.01	0.00	0.04
Cash at Beginning of Period	0.46	0.47	0.37	0.49	0.50	0.28	0.27	0.27	0.23
Cash at End of Period	0.43	0.46	0.47	0.37	0.49	0.50	0.28	0.27	0.27
Free Cash Flow	0.07	0.09	0.09	0.04	0.08	0.12	0.10	0.08	0.10
Supplemental Disclosures
Interest Paid	0.53	0.53	0.36	0.11	0.11	-	-	-	-
Income Taxes Paid	0.02	0.02	0.02	0.04	0.03	-	-	-	-

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

Frequently Asked Questions About TFS Financial Cash Flow

What is TFS Financial's free cash flow?

TFS Financial generated free cash flow of $70.97M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of $82.42M minus $11.45M of capital expenditures. That was down 17.0% from $85.54M a year earlier. Free cash flow equaled 22.2% of revenue.

How much does TFS Financial spend on capital expenditures?

TFS Financial spent $11.45M on capital expenditures in fiscal 2025, compared with $3.06M a year earlier. That equals 13.9% of operating cash flow.

Does TFS Financial pay dividends or buy back shares?

Yes. In fiscal 2025 TFS Financial returned $59.53M in dividends and $3.98M 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