OneMain Holdings, Inc. (OMF) Cash Flow Statement
Where OMF’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $3.13B +16.0% vs 2024
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- $3.13B 50.1% margin
- Returned to shareholders
- $653.0M 21% of free cash flow
- Change in cash
- $489.0M cash at year-end $1.60B
Cash from operations
$3.13B
Investments (net)
+$85.0M
Acquisitions & other
−$3.25B
Dividends
−$499.0M
Share buybacks (net)
−$154.0M
Net borrowing (repayment)
+$1.15B
Other financing
+$20.0M
Change in cash
$489.0M
Drawn to scale: where the cash came from and how it was used. Hover for values.
OMF operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
OMF cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $1.33B2016 | $3.13B2025 | +10.0%/yr | |
| Capital expenditures | $8.0M2016 | $02025 | −100.0% | |
| Free cash flow | $1.33B2016 | $3.13B2025 | +9.9%/yr | |
| Free cash flow margin | 35.8%2016 | 50.1%2025 | +14.4 pts | |
| Operating cash flow / net income | 5.462016 | 4.002025 | −1.46 | |
| Stock-based compensation | $22.0M2016 | $36.0M2025 | +5.6%/yr | |
| Dividends paid | $18.0M2016 | $499.0M2025 | +44.6%/yr | |
| Share buybacks (net) | $7.0M2016 | $154.0M2025 | +41.0%/yr | |
| Capex / revenue | 0.2%2016 | 0.0%2025 | −0.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OMF cash flow by activity
OperatingInvestingFinancingChange in cash
OMF net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
OMF cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $783.0M | $509.0M | $641.0M | $878.0M | $1.31B | $730.0M | $855.0M | $447.0M | $183.0M | $243.0M |
| Depreciation & amortization | $287.0M | $277.0M | $257.0M | $262.0M | $264.0M | $264.0M | $271.0M | $289.0M | $328.0M | $521.0M |
| Stock-based compensation | $36.0M | $30.0M | $36.0M | $31.0M | $23.0M | $17.0M | $13.0M | $131.0M | $17.0M | $22.0M |
| Change in working capital | −$13.0M | −$125.0M | −$44.0M | −$90.0M | −$48.0M | −$118.0M | $67.0M | $86.0M | $17.0M | −$115.0M |
| Other non-cash items | $2.04B | $2.01B | $1.63B | $1.31B | $694.0M | $1.32B | $1.16B | $1.09B | $1.01B | $655.0M |
| Cash from operating activities | $3.13B | $2.70B | $2.52B | $2.39B | $2.25B | $2.21B | $2.36B | $2.05B | $1.55B | $1.33B |
| Investing activities | ||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$4.0M | −$8.0M |
| Investments (net) | $85.0M | −$3.27B | −$2.77B | −$2.04B | −$2.07B | −$722.0M | −$3.44B | −$2.46B | −$2.19B | −$965.0M |
| Acquisitions & other investing | −$3.25B | $0 | −$88.0M | −$75.0M | −$69.0M | −$29.0M | $7.0M | $68.0M | $1.0M | $971.0M |
| Cash from investing activities | −$3.16B | −$3.27B | −$2.86B | −$2.12B | −$2.14B | −$751.0M | −$3.43B | −$2.40B | −$2.19B | −$2.0M |
| Financing activities | ||||||||||
| Dividends paid | −$499.0M | −$498.0M | −$487.0M | −$480.0M | −$1.27B | −$806.0M | −$408.0M | −$268.0M | −$136.0M | −$18.0M |
| Share repurchases & issuance (net) | −$154.0M | −$35.0M | −$65.0M | −$303.0M | −$368.0M | −$45.0M | −$5.0M | −$10.0M | −$5.0M | −$7.0M |
| Net borrowing (repayment) | $1.15B | $701.0M | $1.49B | $469.0M | $3.76B | $487.0M | $1.93B | $54.0M | $980.0M | −$1.66B |
| Shares issued | $5.0M | $4.0M | $2.0M | $2.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $20.0M | −$11.0M | −$9.0M | −$14.0M | −$3.93B | −$6.0M | $0 | $268.0M | $136.0M | $0 |
| Cash from financing activities | $520.0M | $161.0M | $932.0M | −$326.0M | −$1.81B | −$370.0M | $1.52B | $44.0M | $975.0M | −$1.69B |
| Summary | ||||||||||
| Net change in cash | $489.0M | −$406.0M | $589.0M | −$58.0M | −$1.71B | $1.09B | $454.0M | −$307.0M | $338.0M | −$360.0M |
| Cash at end of period | $1.60B | $1.14B | $1.55B | $959.0M | $1.02B | $2.72B | $1.63B | $1.18B | $1.49B | $579.0M |
| Free cash flow | $3.13B | $2.70B | $2.52B | $2.39B | $2.25B | $2.21B | $2.36B | $2.05B | $1.56B | $1.33B |
| Free cash flow margin | 50.1% | 47.2% | 47.5% | 46.9% | 45.2% | 44.8% | 50.4% | 48.2% | 41.2% | 35.8% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.2% |
| Operating cash flow / net income | 4.00 | 5.30 | 3.93 | 2.72 | 1.71 | 3.03 | 2.76 | 4.58 | 8.50 | 5.46 |
| 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 | $152.0M | $226.0M | $204.0M | $199.0M | $167.0M | $213.0M | $125.0M | $158.0M | $70.0M | $155.0M | $165.0M | $194.0M |
| Depreciation & amortization | $76.0M | $74.0M | $73.0M | $72.0M | $72.0M | $70.0M | $70.0M | $71.0M | $70.0M | $66.0M | $66.0M | $66.0M |
| Stock-based compensation | $9.0M | $11.0M | $8.0M | $7.0M | $11.0M | $10.0M | $7.0M | $7.0M | $5.0M | $11.0M | $9.0M | $6.0M |
| Change in working capital | −$6.0M | −$50.0M | $17.0M | $28.0M | $29.0M | −$87.0M | $9.0M | −$33.0M | $12.0M | −$113.0M | $10.0M | −$53.0M |
| Other non-cash items | $569.0M | $478.0M | $563.0M | $522.0M | $495.0M | $459.0M | $541.0M | $474.0M | $555.0M | $439.0M | $428.0M | $383.0M |
| Cash from operating activities | $800.0M | $739.0M | $865.0M | $828.0M | $774.0M | $665.0M | $752.0M | $677.0M | $712.0M | $558.0M | $678.0M | $596.0M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Investments (net) | −$29.0M | −$40.0M | $77.0M | −$1.01B | −$1.01B | −$331.0M | −$1.03B | −$1.01B | −$998.0M | −$233.0M | −$710.0M | −$892.0M |
| Acquisitions & other investing | −$1.23B | −$187.0M | −$884.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.26B |
| Cash from investing activities | −$1.26B | −$227.0M | −$807.0M | −$1.01B | −$1.01B | −$331.0M | −$1.03B | −$1.01B | −$998.0M | −$233.0M | −$710.0M | −$2.15B |
| Financing activities | ||||||||||||
| Dividends paid | −$122.0M | −$128.0M | −$123.0M | −$125.0M | −$125.0M | −$126.0M | −$125.0M | −$126.0M | −$125.0M | −$122.0M | −$121.0M | −$121.0M |
| Share repurchases & issuance (net) | −$32.0M | −$107.0M | −$71.0M | −$33.0M | −$21.0M | −$16.0M | −$3.0M | −$19.0M | −$8.0M | −$5.0M | −$20.0M | −$11.0M |
| Net borrowing (repayment) | $359.0M | −$311.0M | $342.0M | $236.0M | $532.0M | $38.0M | $276.0M | $449.0M | — | — | — | $647.0M |
| Shares issued | $1.0M | $1.0M | $2.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $0 |
| Other financing | −$1.0M | −$18.0M | −$1.0M | −$2.0M | $0 | −$10.0M | −$1.0M | −$2.0M | $285.0M | −$317.0M | −$50.0M | −$2.0M |
| Cash from financing activities | $205.0M | −$563.0M | $149.0M | $77.0M | $387.0M | −$113.0M | $148.0M | $303.0M | $153.0M | −$443.0M | −$190.0M | $513.0M |
| Summary | ||||||||||||
| Net change in cash | −$257.0M | −$51.0M | $207.0M | −$105.0M | $148.0M | $221.0M | −$128.0M | −$27.0M | −$133.0M | −$118.0M | −$222.0M | $217.0M |
| Cash at end of period | $1.30B | $1.56B | $1.61B | $1.41B | $1.51B | $1.36B | $1.14B | $1.27B | $1.30B | $1.43B | $1.55B | $1.77B |
| Free cash flow | $800.0M | $739.0M | $865.0M | $828.0M | $774.0M | $665.0M | $752.0M | $677.0M | $712.0M | $558.0M | $678.0M | $596.0M |
| Free cash flow margin | 49.2% | 46.6% | 53.7% | 51.9% | 50.4% | 44.3% | 50.2% | 46.2% | 50.7% | 41.2% | 49.3% | 44.1% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | 5.26 | 3.27 | 4.24 | 4.16 | 4.63 | 3.12 | 6.02 | 4.28 | 10.17 | 3.60 | 4.11 | 3.07 |
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.
OMF cash generation
In fiscal 2025 (ended December 31, 2025), OneMain generated $3.1 billion of cash from operations (up 16.0%) and spent $0 on capital expenditures, leaving free cash flow of $3.1 billion, 50.1% of revenue. It returned $653.0 million to shareholders through dividends ($499.0 million) and net share buybacks ($154.0 million). Cash and equivalents rose by $489.0 million over the year.
Related: OMF income statement, OMF balance sheet, OMF dividend history. See the OMF stock overview for the latest quote and news.
OMF cash flow FAQ
What is OneMain's free cash flow?
OneMain's free cash flow was $3.1 billion in fiscal 2025: $3.1 billion of operating cash flow minus $0 of capital expenditures It was $2.7 billion a year earlier..
How much cash does OneMain generate from operations?
OneMain generated $3.1 billion of cash from operating activities in fiscal 2025, 4.00 times its net income of $783.0 million.
How much stock does OneMain buy back?
OneMain spent $154.0 million on net share repurchases in fiscal 2025.
How much does OneMain pay in dividends?
OneMain paid $499.0 million in dividends in fiscal 2025, 15.9% of free cash flow.