Fifth Third Bancorp (FITB) Cash Flow Statement
Where FITB’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $4.51B +59.8% vs 2024
- Capital expenditures
- $709.0M 5.5% of revenue
- Free cash flow
- $3.81B 29.6% margin
- Returned to shareholders
- $1.69B 44% of free cash flow
- Change in cash
- $485.0M cash at year-end $3.50B
Drawn to scale: where the cash came from and how it was used. Hover for values.
FITB operating cash flow, capex and free cash flow
FITB cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $2.09B2016 | $4.51B2025 | +8.9%/yr | |
| Capital expenditures | $312.0M2016 | $709.0M2025 | +9.5%/yr | |
| Free cash flow | $1.78B2016 | $3.81B2025 | +8.8%/yr | |
| Free cash flow margin | 28.5%2016 | 29.6%2025 | +1.1 pts | |
| Operating cash flow / net income | 1.362016 | 1.792025 | +0.43 | |
| Stock-based compensation | $111.0M2016 | $163.0M2025 | +4.4%/yr | |
| Dividends paid | $454.0M2016 | $1.16B2025 | +11.0%/yr | |
| Share buybacks (net) | $661.0M2016 | $525.0M2025 | −2.5%/yr | |
| Capex / revenue | 5.0%2016 | 5.5%2025 | +0.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FITB cash flow by activity
FITB net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
FITB cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $2.52B | $2.31B | $2.35B | $2.45B | $2.77B | $1.43B | $2.51B | $2.19B | $2.18B | $1.54B |
| Depreciation & amortization | $554.0M | $495.0M | $462.0M | $436.0M | $349.0M | $492.0M | $472.0M | $360.0M | $341.0M | $453.0M |
| Stock-based compensation | $163.0M | $164.0M | $169.0M | $165.0M | $120.0M | $123.0M | $132.0M | $127.0M | $118.0M | $111.0M |
| Change in working capital | $393.0M | −$558.0M | $360.0M | $210.0M | −$239.0M | −$494.0M | −$149.0M | $627.0M | −$580.0M | $182.0M |
| Other non-cash items | $882.0M | $409.0M | $1.17B | $3.17B | −$296.0M | −$1.18B | −$1.14B | −$451.0M | −$579.0M | −$198.0M |
| Cash from operating activities | $4.51B | $2.82B | $4.51B | $6.43B | $2.70B | $371.0M | $1.82B | $2.86B | $1.48B | $2.09B |
| Investing activities | ||||||||||
| Capital expenditures | −$709.0M | −$414.0M | −$516.0M | −$472.0M | −$309.0M | −$358.0M | −$304.0M | −$192.0M | −$231.0M | −$312.0M |
| Investments (net) | $2.57B | $1.04B | −$12.43B | −$3.39B | −$6.62B | −$31.55B | −$1.79B | −$3.96B | $758.0M | −$2.44B |
| Acquisitions & other investing | −$3.71B | $414.0M | $3.46B | −$1.01B | −$1.04B | $4.0M | $1.30B | $6.0M | −$99.0M | −$114.0M |
| Cash from investing activities | −$1.85B | $1.04B | −$9.49B | −$4.87B | −$7.97B | −$31.90B | −$797.0M | −$4.14B | $428.0M | −$2.86B |
| Financing activities | ||||||||||
| Dividends paid | −$1.16B | −$1.18B | −$1.06B | −$927.0M | −$897.0M | −$858.0M | −$753.0M | −$565.0M | −$505.0M | −$454.0M |
| Share repurchases & issuance (net) | −$525.0M | −$625.0M | −$200.0M | −$100.0M | −$1.39B | −$527.0M | −$1.76B | −$1.45B | −$1.60B | −$661.0M |
| Net borrowing (repayment) | −$899.0M | −$433.0M | $829.0M | $2.26B | −$3.04B | −$242.0M | −$1.84B | −$2.13B | $1.04B | $625.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $346.0M | $242.0M | $0 | $0 | $0 |
| Other financing | $404.0M | −$1.76B | $5.09B | −$2.32B | $10.44B | $32.68B | $3.68B | $5.60B | −$716.0M | $1.11B |
| Cash from financing activities | −$2.18B | −$3.99B | $4.66B | −$1.08B | $5.11B | $31.40B | −$430.0M | $1.45B | −$1.79B | $625.0M |
| Summary | ||||||||||
| Net change in cash | $485.0M | −$128.0M | −$324.0M | $472.0M | −$153.0M | −$131.0M | $597.0M | $167.0M | $122.0M | −$148.0M |
| Cash at end of period | $3.50B | $3.01B | $3.14B | $3.47B | $2.99B | $3.15B | $3.28B | $2.68B | $2.51B | $2.39B |
| Free cash flow | $3.81B | $2.41B | $3.99B | $5.96B | $2.40B | $13.0M | $1.52B | $2.66B | $1.25B | $1.78B |
| Free cash flow margin | 29.6% | 18.5% | 32.3% | 65.6% | 30.1% | 0.2% | 17.6% | 37.3% | 19.7% | 28.5% |
| Capex / revenue | 5.5% | 3.2% | 4.2% | 5.2% | 3.9% | 4.5% | 3.5% | 2.7% | 3.6% | 5.0% |
| Operating cash flow / net income | 1.79 | 1.22 | 1.92 | 2.63 | 0.98 | 0.26 | 0.73 | 1.30 | 0.68 | 1.36 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $801.0M | $165.0M | $731.0M | $649.0M | $627.0M | $515.0M | $620.0M | $572.0M | $602.0M | $520.0M | $530.0M | $660.0M |
| Depreciation & amortization | $205.0M | $199.0M | $142.0M | $139.0M | $138.0M | $135.0M | $124.0M | $123.0M | $120.0M | $128.0M | $115.0M | $115.0M |
| Stock-based compensation | $43.0M | $145.0M | $28.0M | $27.0M | $35.0M | $73.0M | $31.0M | $33.0M | $36.0M | $64.0M | $28.0M | $30.0M |
| Change in working capital | $1.14B | −$1.19B | −$131.0M | −$38.0M | $483.0M | $142.0M | −$1.03B | $879.0M | −$8.0M | −$399.0M | $1.05B | −$475.0M |
| Other non-cash items | $607.0M | −$429.0M | $159.0M | $269.0M | $23.0M | $368.0M | $154.0M | $253.0M | −$71.0M | $73.0M | $345.0M | $306.0M |
| Cash from operating activities | $2.80B | −$1.11B | $929.0M | $1.05B | $1.31B | $1.23B | −$101.0M | $1.86B | $679.0M | $386.0M | $2.07B | $636.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −$174.0M | −$146.0M | −$175.0M | −$160.0M | −$191.0M | −$130.0M | −$127.0M | −$131.0M | −$91.0M | −$65.0M | −$126.0M | −$117.0M |
| Investments (net) | −$2.29B | $8.56B | −$941.0M | −$3.36B | $2.44B | −$67.0M | $1.14B | −$1.16B | $1.28B | −$229.0M | −$833.0M | −$6.69B |
| Acquisitions & other investing | −$2.38B | −$3.00B | $259.0M | $160.0M | $191.0M | $130.0M | $127.0M | $131.0M | $91.0M | $65.0M | $126.0M | −$1.84B |
| Cash from investing activities | −$4.85B | $5.41B | −$857.0M | −$3.36B | $2.44B | −$67.0M | $1.14B | −$1.16B | $1.28B | −$229.0M | −$833.0M | −$8.65B |
| Financing activities | ||||||||||||
| Dividends paid | −$402.0M | −$308.0M | −$297.0M | −$285.0M | −$284.0M | −$297.0M | −$289.0M | −$320.0M | −$280.0M | −$287.0M | −$276.0M | −$225.0M |
| Share repurchases & issuance (net) | $0 | $0 | $525.0M | −$300.0M | −$225.0M | −$225.0M | −$300.0M | −$200.0M | −$125.0M | $0 | $0 | −$200.0M |
| Net borrowing (repayment) | $2.25B | $48.0M | −$687.0M | $840.0M | −$2.21B | $1.15B | $472.0M | −$890.0M | — | — | — | $2.98B |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $489.0M | −$3.46B | $985.0M | $1.99B | −$1.07B | −$1.80B | −$1.13B | $1.08B | −$1.51B | −$216.0M | −$658.0M | $3.74B |
| Cash from financing activities | $2.34B | −$3.72B | $526.0M | $2.25B | −$3.79B | −$1.17B | −$1.24B | −$327.0M | −$1.92B | −$503.0M | −$934.0M | $6.30B |
| Summary | ||||||||||||
| Net change in cash | $290.0M | $585.0M | $598.0M | −$71.0M | −$37.0M | −$5.0M | −$201.0M | $378.0M | $41.0M | −$346.0M | $305.0M | $243.0M |
| Cash at end of period | $4.37B | $4.08B | $3.50B | $2.90B | $2.97B | $3.01B | $3.01B | $3.21B | $2.84B | $2.80B | $3.14B | $2.84B |
| Free cash flow | $2.62B | −$1.25B | $754.0M | $886.0M | $1.11B | $1.10B | −$228.0M | $1.73B | $588.0M | $321.0M | $1.95B | $519.0M |
| Free cash flow margin | 59.2% | −32.4% | 23.0% | 26.8% | 34.7% | 35.9% | −7.1% | 52.2% | 18.0% | 9.8% | 59.0% | 16.4% |
| Capex / revenue | 3.9% | 3.8% | 5.3% | 4.8% | 5.9% | 4.2% | 3.9% | 4.0% | 2.8% | 2.0% | 3.8% | 3.7% |
| Operating cash flow / net income | 3.49 | −6.70 | 1.27 | 1.61 | 2.08 | 2.39 | −0.16 | 3.25 | 1.13 | 0.74 | 3.91 | 0.96 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
FITB cash generation
In fiscal 2025 (ended December 31, 2025), Fifth Third generated $4.5 billion of cash from operations (up 59.8%) and spent $709.0 million on capital expenditures, leaving free cash flow of $3.8 billion, 29.6% of revenue. It returned $1.7 billion to shareholders through dividends ($1.2 billion) and net share buybacks ($525.0 million). Cash and equivalents rose by $485.0 million over the year.
Related: FITB income statement, FITB balance sheet, FITB dividend history. See the FITB stock overview for the latest quote and news.
FITB cash flow FAQ
What is Fifth Third's free cash flow?
Fifth Third's free cash flow was $3.8 billion in fiscal 2025: $4.5 billion of operating cash flow minus $709.0 million of capital expenditures It was $2.4 billion a year earlier..
How much cash does Fifth Third generate from operations?
Fifth Third generated $4.5 billion of cash from operating activities in fiscal 2025, 1.79 times its net income of $2.5 billion.
How much does Fifth Third spend on capital expenditures?
Fifth Third spent $709.0 million on capital expenditures in fiscal 2025, 5.5% of revenue, compared with $414.0 million the year before.
How much stock does Fifth Third buy back?
Fifth Third spent $525.0 million on net share repurchases in fiscal 2025.
How much does Fifth Third pay in dividends?
Fifth Third paid $1.2 billion in dividends in fiscal 2025, 30.6% of free cash flow.