Latest: Q2 2026 · from the cash-flow statements filed with the SEC
Free cash flow$290M in Q2 2026 · $807M over twelve months
Operating cash flow$347M
Capital spending−$57.1M
Free cash flow+$290M
Cash / net income1.2×
Analysis
In Q2 2026, Popular generated $347M of operating cash flow and spent $57.1M on capital projects, leaving free cash flow of $290M. That is $91.8M more than in Q2 2025 ($198M).
Over the twelve months to Jun 30, 2026, operating cash flow was $1.0B; the largest uses were other investing ($3.1B), dividends ($198M), capital spending ($195M); besides operations, cash came from other financing ($2.6B), asset & business sales ($1.1M); the cash balance fell by $36.0M.
Operating cash flow was $347M against net income of $278M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: other liabilities +$28.5M, prepaid and other assets −$2.9M, employee-related liabilities −$717K.
Free cash flow
Operating cash flow less capital spending.Latest (Q2 2026): Operating cash flow $347M, Capital spending $57.1M.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $4.3B; the largest uses were dividends ($841M) and capital spending ($795M). Cash-flow statements as filed.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Every quarter
Quarter
Operating cash flow
Capital spending
Buybacks
Dividends
Net borrowing (+) / repaid (−)
Cash drawn (+) / kept (−)
Free cash flow
Q2 2026
$347M
−$57.1M
—
−$49.0M
−$25.8M
$19.7M
$290M
Q1 2026
$192M
−$36.7M
—
−$49.9M
−$27.0M
$18.3M
$155M
Q4 2025
$268M
−$47.4M
—
−$50.7M
−$31.7M
−$25.7M
$221M
Q3 2025
$195M
−$53.9M
$120M
−$48.2M
−$26.1M
$23.7M
$141M
Q2 2025
$243M
−$44.7M
—
−$48.8M
−$26.8M
−$20.4M
$198M
Q1 2025
$172M
−$51.5M
—
−$49.9M
−$64.4M
$38.8M
$121M
Q4 2024
$199M
−$60.3M
−$283M
−$45.0M
−$23.6M
$6.3M
$139M
Q3 2024
$233M
−$57.7M
$59.1M
−$45.3M
−$24.5M
−$68.4M
$176M
Popular: income statement and cash flow
Popular, Q1 2026: revenue $836M (+10% year over year), operating margin 35.0%. The chart follows the revenue to costs, profit and cash.
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.