Filing Flows

Filing Flows › Companies › SS&C Technologies Holdings › Cash flow

SS&C Technologies Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$403M in Q2 2026 · $1.8B over twelve months

Operating cash flow$417M
Capital spending−$13.3M
Free cash flow+$403M
Cash / net income1.8×
Cash conversion cycle47 days

Analysis

In Q2 2026, SS&C Technologies Holdings generated $417M of operating cash flow and spent $13.3M on capital projects, leaving free cash flow of $403M. That is $53.4M more than in Q2 2025 ($350M).

Over the twelve months to Jun 30, 2026, operating cash flow was $1.8B; the largest uses were buybacks ($1.2B), acquisitions ($1.0B), dividends ($261M); besides operations, cash came from net borrowing (+) / repaid (−) ($752M), other financing ($552M); the cash balance rose by $521M.

Operating cash flow was $417M against net income of $235M — 1.8× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$181M, stock-based pay +$62.0M, accrued liabilities +$60.9M.

Its cash conversion cycle was 47 days (receivables 55 + inventory 0 − payables 8).

Free cash flow

SS&C Technologies Holdings: free cash flow by quarterSS&C Technologies Holdings: free cash flow by quarter$311MQ3 2024$467MQ4 2024$260MQ1 2025$350MQ2 2025$422MQ3 2025$633MQ4 2025$294MQ1 2026$403MQ2 2026
Operating cash flow less capital spending.
SS&C Technologies Holdings: operating cash flow against capital spendingSS&C Technologies Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$337M$25.9MQ3 2024$487M$19.7MQ4 2024$272M$12.7MQ1 2025$373M$22.9MQ2 2025$456M$34.7MQ3 2025$644M$10.5MQ4 2025$300M$6.0MQ1 2026$417M$13.3MQ2 2026
Latest (Q2 2026): Operating cash flow $417M, Capital spending $13.3M.

Capital allocation, year by year

SS&C Technologies Holdings: where the cash came from (up) and went (down), by fiscal yearSS&C Technologies Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $1.4BFY2021: Net borrowing −$520MFY2021: Shares issued $198MFY2021: Asset sales $5.3MFY2021: Capital spending −$51.3MFY2021: Acquisitions $7.3MFY2021: Buybacks −$488MFY2021: Dividends −$174M$1.6BFY2021FY2022: Operating cash flow $1.1BFY2022: Net borrowing −$600MFY2022: Shares issued $91.8MFY2022: Asset sales $11.4MFY2022: Capital spending −$63.4MFY2022: Acquisitions −$1.6BFY2022: Buybacks −$476MFY2022: Dividends −$203M$1.2BFY2022FY2023: Operating cash flow $1.2BFY2023: Net borrowing −$375MFY2023: Shares issued $115MFY2023: Asset sales $100KFY2023: Capital spending −$56.6MFY2023: Acquisitions −$34.1MFY2023: Buybacks −$472MFY2023: Dividends −$221M$1.3BFY2023FY2024: Operating cash flow $1.4BFY2024: Net borrowing $290MFY2024: Shares issued $355MFY2024: Asset sales $4.8MFY2024: Capital spending −$61.4MFY2024: Acquisitions −$647MFY2024: Buybacks −$738MFY2024: Dividends −$245M$2.0BFY2024FY2025: Operating cash flow $1.7BFY2025: Net borrowing $422MFY2025: Shares issued $426MFY2025: Asset sales $17.8MFY2025: Capital spending −$80.8MFY2025: Acquisitions −$1.1BFY2025: Buybacks −$1.0BFY2025: Dividends −$254M$2.6BFY2025
Over these 5 years operating cash flow totalled $6.9B; the largest uses were acquisitions ($3.4B) and buybacks ($3.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$435M
Debt$7.6B
Net debt$7.1B
Due within a year$25.0M

SS&C Technologies Holdings funds itself: free cash flow was $1.8B over the last twelve months, and $435M of cash and investments stands against $7.6B of debt ($25.0M due within a year, 17.4× covered by cash).

SS&C Technologies Holdings: debt maturities by year (FY2025)SS&C Technologies Holdings: debt maturities by year (FY2025)$25.0MYear 1$2.0BYear 2$40.0MYear 3$670MYear 4$4.7BAfter year 5
Principal due in each year as disclosed in the annual report, against $435M of cash and investments now.

Where the cash came from and went

SS&C Technologies Holdings: sources (+) and uses (−) of cash, Q2 2026SS&C Technologies Holdings: sources (+) and uses (−) of cash, Q2 2026Buybacks−$438MOperating cash flow$417MCash drawn (+) / kept (−)−$352MOther financing$338MNet borrowing (+) / repaid (−)$145MDividends−$64.0MOther investing−$56.2MPartners$14.9MCapital spending−$13.3MShares issued$9.6MTaxes on employees’ shares−$900KExchange rates−$500K
SS&C Technologies Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026SS&C Technologies Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$1.8BBuybacks−$1.2BAcquisitions−$1.0BNet borrowing (+) / repaid (−)$752MOther financing$552MCash drawn (+) / kept (−)−$521MDividends−$261MShares issued$217MOther investing−$204MTaxes on employees’ shares−$87.6MCapital spending−$64.5MAsset & business sales$19.9M

From profit to cash

SS&C Technologies Holdings: net income to operating cash flow, Q2 2026SS&C Technologies Holdings: net income to operating cash flow, Q2 2026Net income$235MDepreciation & amortization$181MStock-based pay$62.0MReceivables−$8.7MPayables−$25.7MAccrued liabilities$60.9MDeferred revenue−$28.1MContract assets−$17.3MPrepaid and other assets$8.3MIncome taxes payable−$56.2MOperating cash flow$417M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202655—847
Q1 202655—1045
Q4 202554—846
Q3 202556—650
Q2 202556—749
Q1 202555—847
Q4 202455—748
Q3 202457—650

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$417M−$13.3M—−$438M−$64.0M$145M$9.6M−$352M$403M
Q1 2026$300M−$6.0M−$200K−$168M−$65.3M−$5.0M$22.3M$513M$294M
Q4 2025$644M−$10.5M−$1.0B−$319M−$65.5M$845M$63.1M−$114M$633M
Q3 2025$456M−$34.7M−$100K−$240M−$65.8M−$233M$122M−$569M$422M
Q2 2025$373M−$22.9M$400K−$270M−$122M−$35.0M$38.7M$1.6B$350M
Q1 2025$272M−$12.7M−$6.2M−$207M−$61.6M−$155M$202M−$1.1B$260M
Q4 2024$487M−$19.7M−$200K−$368M−$62.3M−$195M$84.0M−$1.1B$467M
Q3 2024$337M−$25.9M−$646M−$89.4M−$183M$590M$167M−$432M$311M

SS&C Technologies Holdings: income statement and cash flow

SS&C Technologies Holdings, Q3 2026: revenue $1.7B (+8% year over year), operating margin 24.2%. The chart follows the revenue to costs, profit and cash.

SS&C Technologies Holdings: 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.