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Booz Allen Hamilton Holding cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$263M in Q2 FY27 · $984M over twelve months

Operating cash flow$294M
Capital spending−$31.0M
Free cash flow+$263M
Cash / net income1.6×
Cash conversion cycle30 days

Analysis

In Q2 FY27, Booz Allen Hamilton Holding generated $294M of operating cash flow and spent $31.0M on capital projects, leaving free cash flow of $263M. That is $132M less than in Q2 FY26 ($395M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.1B; the largest uses were other investing ($1.3B), net borrowing (+) / repaid (−) ($744M), buybacks ($373M); besides operations, cash came from other financing ($1.2B), shares issued ($38.0M); the cash balance fell by $482M.

Operating cash flow was $294M against net income of $181M — 1.6× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$51.0M, employee-related liabilities +$44.0M, payables +$40.0M.

Its cash conversion cycle was 30 days (receivables 77 + inventory 0 − payables 47).

Free cash flow

Booz Allen Hamilton Holding: free cash flow by quarterBooz Allen Hamilton Holding: free cash flow by quarter$134MQ3 FY25$194MQ4 FY25$96.0MQ1 FY26$395MQ2 FY26$248MQ3 FY26$212MQ4 FY26$261MQ1 FY27$263MQ2 FY27
Operating cash flow less capital spending.
Booz Allen Hamilton Holding: operating cash flow against capital spendingBooz Allen Hamilton Holding: operating cash flow against capital spendingOperating cash flowCapital spending$151M$17.0MQ3 FY25$219M$25.0MQ4 FY25$119M$23.0MQ1 FY26$421M$26.0MQ2 FY26$261M$13.0MQ3 FY26$240M$28.0MQ4 FY26$281M$20.0MQ1 FY27$294M$31.0MQ2 FY27
Latest (Q2 FY27): Operating cash flow $294M, Capital spending $31.0M.

Capital allocation, year by year

Booz Allen Hamilton Holding: where the cash came from (up) and went (down), by fiscal yearBooz Allen Hamilton Holding: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY22: Operating cash flow $737MFY22: Net borrowing $435MFY22: Shares issued $29.3MFY22: Capital spending −$80.0MFY22: Acquisitions −$780MFY22: Buybacks −$419MFY22: Dividends −$209M$1.2BFY22FY23: Operating cash flow $603MFY23: Net borrowing −$2.0MFY23: Shares issued $36.0MFY23: Asset sales $53.4MFY23: Capital spending −$76.0MFY23: Acquisitions −$440MFY23: Buybacks −$224MFY23: Dividends −$236M$692MFY23FY24: Operating cash flow $259MFY24: Net borrowing $595MFY24: Shares issued $60.0MFY24: Capital spending −$67.0MFY24: Buybacks −$404MFY24: Dividends −$254M$914MFY24FY25: Operating cash flow $1.0BFY25: Net borrowing $582MFY25: Shares issued $43.0MFY25: Asset sales $14.0MFY25: Capital spending −$98.0MFY25: Acquisitions −$97.0MFY25: Buybacks −$812MFY25: Dividends −$268M$1.6BFY25FY26: Operating cash flow $1.0BFY26: Net borrowing −$62.0MFY26: Shares issued $45.0MFY26: Capital spending −$90.0MFY26: Buybacks −$598MFY26: Dividends −$276M$1.1BFY26
Over these 5 years operating cash flow totalled $3.6B; the largest uses were buybacks ($2.5B) and acquisitions ($1.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$334M
Debt$4.4B
Net debt$4.1B
Due within a year$19.0M

Booz Allen Hamilton Holding funds itself: free cash flow was $984M over the last twelve months, and $334M of cash and investments stands against $4.4B of debt ($19.0M due within a year, 17.6× covered by cash).

Where the cash came from and went

Booz Allen Hamilton Holding: sources (+) and uses (−) of cash, Q2 FY27Booz Allen Hamilton Holding: sources (+) and uses (−) of cash, Q2 FY27Other financing$1.2BOther investing−$781MNet borrowing (+) / repaid (−)−$719MOperating cash flow$294MCash drawn (+) / kept (−)$206MBuybacks−$98.0MDividends−$72.0MCapital spending−$31.0MShares issued$11.0M
Booz Allen Hamilton Holding: sources (+) and uses (−) of cash, TTM to Q2 FY27Booz Allen Hamilton Holding: sources (+) and uses (−) of cash, TTM to Q2 FY27Other investing−$1.3BOther financing$1.2BOperating cash flow$1.1BNet borrowing (+) / repaid (−)−$744MCash drawn (+) / kept (−)$482MBuybacks−$373MDividends−$283MCapital spending−$92.0MShares issued$38.0M

From profit to cash

Booz Allen Hamilton Holding: net income to operating cash flow, Q2 FY27Booz Allen Hamilton Holding: net income to operating cash flow, Q2 FY27Net income$181MDepreciation & amortization$51.0MStock-based pay$23.0MGains on disposals−$10.0MReceivables−$10.0MPayables$40.0MEmployee-related liabilities$44.0MPrepaid and other assets−$10.0MOther liabilities$18.0MOperating cash flow$294M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY2777—4730
Q1 FY2771—4328
Q4 FY2666—4026
Q3 FY2675—4530
Q2 FY2672—4526
Q1 FY2671—4228
Q4 FY2568—4325
Q3 FY2570—4624

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27$294M−$31.0M—−$98.0M−$72.0M−$719M$11.0M$206M$263M
Q1 FY27$281M−$20.0M−$220M−$72.0M−$73.0M−$5.0M$9.0M$188M$261M
Q4 FY26$240M−$28.0M—−$77.0M−$71.0M$1.0M$8.0M$154M$212M
Q3 FY26$261M−$13.0M—−$126M−$67.0M−$21.0M$10.0M−$66.0M$248M
Q2 FY26$421M−$26.0M—−$214M−$68.0M−$21.0M$16.0M−$105M$395M
Q1 FY26$119M−$23.0M—−$181M−$70.0M−$21.0M$11.0M$174M$96.0M
Q4 FY25$219M−$25.0M−$476K−$315M−$70.0M$623M$8.0M−$431M$194M
Q3 FY25$151M−$17.0M−$3.5M−$149M−$65.0M−$20.0M$9.4M$105M$134M

Booz Allen Hamilton Holding: income statement and cash flow

Booz Allen Hamilton Holding, Q2 FY27: revenue $2.8B (-4% year over year), operating margin 8.8%. The chart follows the revenue to costs, profit and cash.

Booz Allen Hamilton Holding: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.