Jabil Inc. (JBL) Cash Flow Statement
Where JBL’s cash came from and went, FY2026
August 31, 2026 · U.S. dollars- Cash from operations
- $2.00B +22.1% vs FY2025
- Capital expenditures
- $628.0M 1.7% of revenue
- Free cash flow
- $1.37B 3.8% margin
- Returned to shareholders
- $1.09B 80% of free cash flow
- Change in cash
- −$194.0M cash at year-end $1.74B
Drawn to scale: where the cash came from and how it was used. Hover for values.
JBL operating cash flow, capex and free cash flow
JBL cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $1.26BFY2017 | $2.00BFY2026 | +5.3%/yr | |
| Capital expenditures | $716.5MFY2017 | $628.0MFY2026 | −1.5%/yr | |
| Free cash flow | $540.2MFY2017 | $1.37BFY2026 | +10.9%/yr | |
| Free cash flow margin | 2.8%FY2017 | 3.8%FY2026 | +1.0 pts | |
| Operating cash flow / net income | 9.88FY2017 | 1.93FY2026 | −7.96 | |
| Stock-based compensation | $48.5MFY2017 | $140.0MFY2026 | +12.5%/yr | |
| Dividends paid | $60.0MFY2017 | $35.0MFY2026 | −5.8%/yr | |
| Share buybacks (net) | $306.6MFY2017 | $1.06BFY2026 | +14.8%/yr | |
| Capex / revenue | 3.8%FY2017 | 1.7%FY2026 | −2.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
JBL cash flow by activity
JBL 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).
JBL cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.04B | $657.0M | $1.39B | $818.0M | $996.0M | $698.0M | $56.8M | $289.5M | $87.5M | $127.2M |
| Depreciation & amortization | $681.0M | $674.0M | $696.0M | $924.0M | $925.0M | $876.0M | $794.6M | $771.8M | $773.7M | $760.4M |
| Stock-based compensation | $140.0M | $107.0M | $89.0M | $95.0M | $81.0M | $102.0M | $83.1M | $61.3M | $90.7M | $48.5M |
| Change in working capital | $138.0M | $187.0M | $472.0M | −$206.0M | −$347.0M | −$266.0M | $120.3M | −$29.5M | −$111.5M | $257.0M |
| Other non-cash items | $3.0M | $15.0M | −$929.0M | $103.0M | −$4.0M | $23.0M | $202.6M | $99.9M | $93.4M | $63.6M |
| Cash from operating activities | $2.00B | $1.64B | $1.72B | $1.73B | $1.65B | $1.43B | $1.26B | $1.19B | $933.9M | $1.26B |
| Investing activities | ||||||||||
| Capital expenditures | −$628.0M | −$468.0M | −$784.0M | −$1.03B | −$1.39B | −$1.16B | −$983.0M | −$1.01B | −$1.04B | −$716.5M |
| Investments (net) | — | −$714.0M | $1.35B | −$723.0M | −$858.0M | −$851.0M | −$921.1M | −$872.5M | −$6.5M | −$2.0M |
| Acquisitions & other investing | −$707.0M | $468.0M | $784.0M | $1.03B | $1.39B | $1.16B | $983.0M | $1.01B | $244.8M | $139.1M |
| Cash from investing activities | −$1.33B | −$714.0M | $1.35B | −$723.0M | −$858.0M | −$851.0M | −$921.1M | −$872.5M | −$798.4M | −$579.5M |
| Financing activities | ||||||||||
| Dividends paid | −$35.0M | −$36.0M | −$42.0M | −$45.0M | −$48.0M | −$50.0M | −$50.5M | −$52.0M | −$57.8M | −$60.0M |
| Share repurchases & issuance (net) | −$1.06B | −$1.00B | −$2.50B | −$487.0M | −$696.0M | −$428.0M | −$214.5M | −$350.0M | −$450.3M | −$306.6M |
| Net borrowing (repayment) | — | −$142.0M | −$111.0M | −$157.0M | −$123.0M | $111.0M | $232.6M | −$27.0M | $471.4M | −$45.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $229.0M | −$26.0M | −$15.0M | $9.0M | −$21.0M | −$46.0M | −$32.8M | $13.3M | −$10.3M | $7.1M |
| Cash from financing activities | −$866.0M | −$1.20B | −$2.67B | −$680.0M | −$888.0M | −$413.0M | −$65.1M | −$415.8M | −$47.0M | −$404.5M |
| Summary | ||||||||||
| Net change in cash | −$194.0M | −$268.0M | $397.0M | $326.0M | −$89.0M | $173.0M | $230.2M | −$94.6M | $68.0M | $277.9M |
| Cash at end of period | $1.74B | $1.93B | $2.20B | $1.80B | $1.48B | $1.57B | $1.39B | $1.16B | $1.26B | $1.19B |
| Free cash flow | $1.37B | $1.17B | $932.0M | $704.0M | $266.0M | $274.0M | $274.2M | $187.6M | −$102.8M | $540.2M |
| Free cash flow margin | 3.8% | 3.9% | 3.2% | 2.0% | 0.8% | 0.9% | 1.0% | 0.7% | −0.5% | 2.8% |
| Capex / revenue | 1.7% | 1.6% | 2.7% | 3.0% | 4.1% | 4.0% | 3.6% | 4.0% | 4.7% | 3.8% |
| Operating cash flow / net income | 1.93 | 2.50 | 1.24 | 2.12 | 1.66 | 2.05 | 22.14 | 4.12 | 10.67 | 9.88 |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $397.0M | $275.0M | $222.0M | $146.0M | $218.0M | $222.0M | $117.0M | $100.0M | $138.0M | $129.0M | $927.0M | $194.0M |
| Depreciation & amortization | $36.0M | $196.0M | $182.0M | $267.0M | $52.0M | $249.0M | $191.0M | $182.0M | $139.0M | $201.0M | $150.0M | $206.0M |
| Stock-based compensation | $140.0M | $25.0M | — | $63.0M | $23.0M | $19.0M | $21.0M | $44.0M | $17.0M | $3.0M | $23.0M | $46.0M |
| Change in working capital | −$90.0M | $63.0M | $90.0M | −$90.0M | −$1.27B | −$20.0M | $26.0M | $30.0M | $154.0M | $185.0M | $85.0M | $48.0M |
| Other non-cash items | $250.0M | −$24.0M | −$83.0M | −$63.0M | $1.57B | −$64.0M | −$21.0M | −$44.0M | $87.0M | −$3.0M | −$967.0M | −$46.0M |
| Cash from operating activities | $733.0M | $535.0M | $411.0M | $323.0M | $588.0M | $406.0M | $334.0M | $312.0M | $535.0M | $515.0M | $218.0M | $448.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −$95.0M | −$184.0M | −$95.0M | −$95.0M | −$169.0M | −$86.0M | −$116.0M | −$97.0M | −$124.0M | −$106.0M | −$266.0M | −$288.0M |
| Investments (net) | — | — | — | — | −$136.0M | −$75.0M | −$367.0M | −$136.0M | −$116.0M | −$91.0M | $1.63B | −$75.0M |
| Acquisitions & other investing | −$94.0M | $1.0M | −$688.0M | −$85.0M | $169.0M | $86.0M | $116.0M | $97.0M | $124.0M | $106.0M | $266.0M | $288.0M |
| Cash from investing activities | −$189.0M | −$183.0M | −$783.0M | −$180.0M | −$136.0M | −$75.0M | −$367.0M | −$136.0M | −$116.0M | −$91.0M | $1.63B | −$75.0M |
| Financing activities | ||||||||||||
| Dividends paid | −$8.0M | −$9.0M | −$8.0M | −$10.0M | −$8.0M | −$9.0M | −$9.0M | −$10.0M | −$10.0M | −$10.0M | −$10.0M | −$12.0M |
| Share repurchases & issuance (net) | −$900.0M | −$283.0M | −$300.0M | −$300.0M | −$25.0M | −$339.0M | −$404.0M | −$232.0M | −$676.0M | −$500.0M | −$825.0M | −$500.0M |
| Net borrowing (repayment) | — | −$521.0M | $909.0M | −$128.0M | −$26.0M | −$36.0M | −$50.0M | −$30.0M | −$19.0M | — | — | −$41.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $743.0M | $507.0M | $22.0M | −$65.0M | $20.0M | −$35.0M | $29.0M | −$40.0M | $26.0M | −$24.0M | $0 | −$67.0M |
| Cash from financing activities | −$165.0M | −$306.0M | $623.0M | −$503.0M | −$39.0M | −$419.0M | −$434.0M | −$312.0M | −$679.0M | −$534.0M | −$835.0M | −$620.0M |
| Summary | ||||||||||||
| Net change in cash | $379.0M | $45.0M | $258.0M | −$361.0M | $410.0M | −$69.0M | −$466.0M | −$143.0M | −$256.0M | −$109.0M | $1.02B | −$254.0M |
| Cash at end of period | $1.74B | $1.36B | $1.83B | $1.57B | $1.93B | $1.52B | $1.59B | $2.06B | $2.20B | $2.46B | $2.57B | $1.55B |
| Free cash flow | $638.0M | $351.0M | $316.0M | $228.0M | $419.0M | $320.0M | $218.0M | $215.0M | $411.0M | $409.0M | −$48.0M | $160.0M |
| Free cash flow margin | 6.0% | 4.0% | 3.8% | 2.7% | 5.1% | 4.1% | 3.2% | 3.1% | 5.9% | 6.0% | −0.7% | 1.9% |
| Capex / revenue | 0.9% | 2.1% | 1.1% | 1.1% | 2.0% | 1.1% | 1.7% | 1.4% | 1.8% | 1.6% | 3.9% | 3.4% |
| Operating cash flow / net income | 1.85 | 1.95 | 1.85 | 2.21 | 2.70 | 1.83 | 2.85 | 3.12 | 3.88 | 3.99 | 0.24 | 2.31 |
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.
JBL cash generation
In fiscal 2026 (ended August 31, 2026), Jabil generated $2.0 billion of cash from operations (up 22.1%) and spent $628.0 million on capital expenditures, leaving free cash flow of $1.4 billion, 3.8% of revenue. It returned $1.1 billion to shareholders through dividends ($35.0 million) and net share buybacks ($1.1 billion). Cash and equivalents fell by $194.0 million over the year.
Related: JBL income statement, JBL balance sheet, JBL dividend history. See the JBL stock overview for the latest quote and news.
JBL cash flow FAQ
What is Jabil's free cash flow?
Jabil's free cash flow was $1.4 billion in fiscal 2026: $2.0 billion of operating cash flow minus $628.0 million of capital expenditures It was $1.2 billion a year earlier..
How much cash does Jabil generate from operations?
Jabil generated $2.0 billion of cash from operating activities in fiscal 2026, 1.93 times its net income of $1.0 billion.
How much does Jabil spend on capital expenditures?
Jabil spent $628.0 million on capital expenditures in fiscal 2026, 1.7% of revenue, compared with $468.0 million the year before.
How much stock does Jabil buy back?
Jabil spent $1.1 billion on net share repurchases in fiscal 2026.
How much does Jabil pay in dividends?
Jabil paid $35.0 million in dividends in fiscal 2026, 2.5% of free cash flow.