Bank Of Montreal cash flow statement

In fiscal 2025, Bank Of Montreal's operations generated $7.31bn of cash; it spent $0 on capital projects, leaving free cash flow of $7.31bn. It returned $3.59bn in dividends and $357m through buybacks.

Cash flow statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Bank Of Montreal: cash flow statement, annual
Fiscal year	2016Oct 2016	2017Oct 2017	2018Oct 2018	2019Oct 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025
Cash from operations	−2.1	2.2	13.9	22.1	37.8	35.1	3.9	7.1	19.6	7.3
Depreciation and amortisation	0.8	0.8	0.9	0.9	1.2	1.2	1.2	1.6	1.6	1.6
Capital spending	0.2	0.2	0.3	0.4	0.3	0.4	0.6	0.7	0.0	0.0
Free cash flow	−2.2	2.0	13.7	21.7	37.5	34.7	3.2	6.5	19.6	7.3
Dividends paid	1.7	1.5	2.0	2.1	1.8	2.4	2.0	2.0	2.8	3.6
Share buybacks	—	—	—	—	—	—	—	—	0.9	0.4

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Bank Of Montreal's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Bank Of Montreal.