Filing Flows

Filing Flows › Companies › Stifel Financial › Cash flow

Stifel Financial cash flow, quarter by quarter

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

Free cash flow$753M in Q3 2026 · $793M over twelve months

Operating cash flow$801M
Capital spending−$48.1M
Free cash flow+$753M
Cash / net income3.4×

Analysis

In Q3 2026, Stifel Financial generated $801M of operating cash flow and spent $48.1M on capital projects, leaving free cash flow of $753M. That is $432M more than in Q3 2025 ($321M).

Over the twelve months to Sep 30, 2026, operating cash flow was $917M; the largest uses were other investing ($4.4B), buybacks ($428M), taxes on employees’ shares ($134M); besides operations, cash came from other financing ($2.7B); the cash balance fell by $1.6B.

Operating cash flow was $801M against net income of $234M — 3.4× profit, cash ran ahead of reported earnings. The largest differences: contract assets +$248M, deferred revenue +$81.9M, stock-based pay +$44.4M.

Free cash flow

Stifel Financial: free cash flow by quarterStifel Financial: free cash flow by quarter$406MQ4 2024−$228MQ1 2025$593MQ2 2025$321MQ3 2025$369MQ4 2025−$390MQ1 2026$61.3MQ2 2026$753MQ3 2026
Operating cash flow less capital spending.
Stifel Financial: operating cash flow against capital spendingStifel Financial: operating cash flow against capital spendingOperating cash flowCapital spending$424M$17.4MQ4 2024−$211M$16.6MQ1 2025$607M$14.8MQ2 2025$338M$17.2MQ3 2025$382M$13.5MQ4 2025−$343M$47.8MQ1 2026$76.1M$14.8MQ2 2026$801M$48.1MQ3 2026
Latest (Q3 2026): Operating cash flow $801M, Capital spending $48.1M.

Capital allocation, year by year

Stifel Financial: where the cash came from (up) and went (down), by fiscal yearStifel Financial: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksFY2021: Operating cash flow $872MFY2021: Shares issued $291MFY2021: Asset sales $148MFY2021: Capital spending −$188MFY2021: Buybacks −$173M$1.3BFY2021FY2022: Operating cash flow $1.2BFY2022: Capital spending −$82.3MFY2022: Buybacks −$106M$1.2BFY2022FY2023: Operating cash flow $499MFY2023: Capital spending −$52.0MFY2023: Buybacks −$444M$499MFY2023FY2024: Operating cash flow $490MFY2024: Net borrowing −$500MFY2024: Capital spending −$73.8MFY2024: Buybacks −$144M$490MFY2024FY2025: Operating cash flow $1.1BFY2025: Net borrowing −$86.9MFY2025: Capital spending −$62.1MFY2025: Buybacks −$245M$1.1BFY2025
Over these 5 years operating cash flow totalled $4.1B; the largest uses were buybacks ($1.1B) and net borrowing ($587M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.6B
Debt$618M
Net cash$1.0B

Stifel Financial funds itself: free cash flow was $793M over the last twelve months, and $1.6B of cash and investments stands against $618M of debt.

Where the cash came from and went

Stifel Financial: sources (+) and uses (−) of cash, Q3 2026Stifel Financial: sources (+) and uses (−) of cash, Q3 2026Other investing−$991MOperating cash flow$801MCash drawn (+) / kept (−)$560MOther financing−$202MBuybacks−$122MCapital spending−$48.1MAsset & business sales$4.9MTaxes on employees’ shares−$1.7MExchange rates−$451K
Stifel Financial: sources (+) and uses (−) of cash, TTM to Q3 2026Stifel Financial: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$4.4BOther financing$2.7BCash drawn (+) / kept (−)$1.6BOperating cash flow$917MBuybacks−$428MTaxes on employees’ shares−$134MCapital spending−$124MExchange rates−$2.3M

From profit to cash

Stifel Financial: net income to operating cash flow, Q3 2026Stifel Financial: net income to operating cash flow, Q3 2026Net income$234MDepreciation & amortization$15.7MStock-based pay$44.4MDeferred taxes−$11.3MGains on investments$334KOther non-cash$8.3MAccrued liabilities−$16.4MDeferred revenue$81.9MContract assets$248MPrepaid and other assets$13.3MOperating cash flow$801M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$801M−$48.1M−$122M—$560M$753M
Q2 2026$76.1M−$14.8M−$172M−$35.0M$707M$61.3M
Q1 2026−$343M−$47.8M−$96.4M$35.0M−$646M−$390M
Q4 2025$382M−$13.5M−$37.5M—$934M$369M
Q3 2025$338M−$17.2M−$31.2M−$11.8M−$1.3B$321M
Q2 2025$607M−$14.8M−$83.0M−$56.9M$828M$593M
Q1 2025−$211M−$16.6M−$93.2M−$18.2M−$75.9M−$228M
Q4 2024$424M−$17.4M−$45.6M—−$733M$406M

Stifel Financial: income statement and cash flow

Stifel Financial, Q3 2026: revenue $1.6B (0% year over year), operating margin 18.9%. The chart follows the revenue to costs, profit and cash.

Stifel 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.