Filing Flows

Filing Flows › Companies › Prudential Financial › Cash flow

Prudential Financial cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$3.9B in Q3 2026 · $10.6B over twelve months

Operating cash flow$3.9B
Free cash flow+$3.9B
Cash / net income2.8×

Analysis

In Q3 2026, Prudential Financial generated $3.9B of operating cash flow. That is $363M less than in Q3 2025 ($4.3B).

Over the twelve months to Sep 30, 2026, operating cash flow was $10.6B; the largest uses were other investing ($26.5B), dividends ($2.0B), buybacks ($1.0B); besides operations, cash came from other financing ($20.1B), shares issued ($117M); the cash balance rose by $1.2B.

Operating cash flow was $3.9B against net income of $1.4B — 2.8× profit, cash ran ahead of reported earnings. The largest differences: other operating capital +$680M, income taxes payable +$219M.

Free cash flow

Prudential Financial: free cash flow by quarterPrudential Financial: free cash flow by quarter$2.3BQ4 2024−$2.5BQ1 2025$1.2BQ2 2025$4.3BQ3 2025$3.3BQ4 2025$1.0BQ1 2026$2.3BQ2 2026$3.9BQ3 2026
Operating cash flow less capital spending.
Prudential Financial: operating cash flow against capital spendingPrudential Financial: operating cash flow against capital spendingOperating cash flowCapital spending$2.3B$0Q4 2024−$2.5B$0Q1 2025$1.2B$0Q2 2025$4.3B$0Q3 2025$3.3B$0Q4 2025$1.0B$0Q1 2026$2.3B$0Q2 2026$3.9B$0Q3 2026
Latest (Q3 2026): Operating cash flow $3.9B, Capital spending $0.

Capital allocation, year by year

Prudential Financial: where the cash came from (up) and went (down), by fiscal yearPrudential Financial: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesBuybacksDividendsFY2021: Operating cash flow $9.8BFY2021: Net borrowing $297MFY2021: Shares issued $200MFY2021: Asset sales $132MFY2021: Buybacks −$2.5BFY2021: Dividends −$1.8B$10.4BFY2021FY2022: Operating cash flow $5.2BFY2022: Net borrowing −$214MFY2022: Shares issued $163MFY2022: Asset sales $422MFY2022: Buybacks −$1.5BFY2022: Dividends −$1.8B$5.7BFY2022FY2023: Operating cash flow $6.5BFY2023: Net borrowing $10.0MFY2023: Shares issued $126MFY2023: Buybacks −$1.0BFY2023: Dividends −$1.8B$6.6BFY2023FY2024: Operating cash flow $8.5BFY2024: Net borrowing −$583MFY2024: Shares issued $201MFY2024: Buybacks −$1.0BFY2024: Dividends −$1.9B$8.7BFY2024FY2025: Operating cash flow $6.3BFY2025: Net borrowing $449MFY2025: Shares issued $109MFY2025: Buybacks −$1.0BFY2025: Dividends −$1.9B$6.8BFY2025
Over these 5 years operating cash flow totalled $36.3B; the largest uses were dividends ($9.3B) and buybacks ($7.0B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$18.7B
Debt$20.7B
Net debt$2.0B

Prudential Financial funds itself: free cash flow was $10.6B over the last twelve months, and $18.7B of cash and investments stands against $20.7B of debt.

Prudential Financial: debt maturities by year (FY2025)Prudential Financial: debt maturities by year (FY2025)$63.0MYear 2$667MYear 3$95.0MYear 4$750MYear 5$17.3BAfter year 5
Principal due in each year as disclosed in the annual report, against $18.7B of cash and investments now.

Where the cash came from and went

Prudential Financial: sources (+) and uses (−) of cash, Q3 2026Prudential Financial: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$3.9BOther financing$3.8BOther investing−$3.7BCash drawn (+) / kept (−)−$3.5BDividends−$487MBuybacks−$250MExchange rates$58.0MNet borrowing (+) / repaid (−)$42.0MShares issued$36.0M
Prudential Financial: sources (+) and uses (−) of cash, TTM to Q3 2026Prudential Financial: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$26.5BOther financing$20.1BOperating cash flow$10.6BDividends−$2.0BCash drawn (+) / kept (−)−$1.2BBuybacks−$1.0BExchange rates−$153MShares issued$117MNet borrowing (+) / repaid (−)−$40.0M

From profit to cash

Prudential Financial: net income to operating cash flow, Q3 2026Prudential Financial: net income to operating cash flow, Q3 2026Net income$1.4BIncome taxes payable$219MOther operating capital$680MOperating cash flow$3.9B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$3.9B−$250M−$487M$42.0M$36.0M−$3.5B$3.9B
Q2 2026$2.3B−$250M−$490M$19.0M$27.0M$776M$2.3B
Q1 2026$1.0B−$246M−$502M$1.0M$29.0M$3.8B$1.0B
Q4 2025$3.3B−$254M−$475M−$102M$25.0M−$2.2B$3.3B
Q3 2025$4.3B−$250M−$479M$395M$27.0M−$823M$4.3B
Q2 2025$1.2B−$250M−$481M−$110M$29.0M−$597M$1.2B
Q1 2025−$2.5B−$246M−$491M$266M$28.0M$2.4B−$2.5B
Q4 2024$2.3B−$254M−$467M−$47.0M$59.0M$1.7B$2.3B

Prudential Financial: income statement and cash flow

Prudential Financial, Q3 2026: revenue $14.4B (-19% year over year), operating margin 11.4%. The chart follows the revenue to costs, profit and cash.

Prudential Financial: 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.