Lowe's cash flow statement

In fiscal 2026, Lowe's's operations generated $9.86bn of cash; it spent $2.21bn on capital projects, leaving free cash flow of $7.65bn. It returned $2.64bn in dividends and $211m through buybacks.

Cash flow statement

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

Lowe's: cash flow statement, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Feb 2012	2013Feb 2013	2014Jan 2014	2015Jan 2015	2016Jan 2016	2017Feb 2017	2018Feb 2018	2019Feb 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2023Feb 2023	2024Feb 2024	2025Jan 2025	2026Jan 2026	LTMJul 2026
Cash from operations	4.1	3.9	4.3	3.8	4.1	4.9	4.8	5.6	5.1	6.2	4.3	11.0	10.1	8.6	8.1	9.6	9.9	9.3
Depreciation and amortisation	1.7	1.7	1.6	1.6	1.6	1.6	1.6	1.6	1.5	1.6	1.4	1.6	1.9	2.0	1.9	2.0	2.2	2.3
Stock-based pay	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.3
Capital spending	1.8	1.3	1.8	1.2	0.9	0.9	1.2	1.2	1.1	1.2	1.5	1.8	1.9	1.8	2.0	1.9	2.2	2.3
Free cash flow	2.3	2.5	2.5	2.6	3.2	4.0	3.6	4.5	3.9	5.0	2.8	9.3	8.3	6.8	6.2	7.7	7.7	7.0
Free cash flow after stock pay	2.2	2.4	2.4	2.5	3.1	3.9	3.5	4.4	3.8	4.9	2.7	9.1	8.0	6.5	6.0	7.5	7.4	6.7
Dividends paid	0.4	0.6	0.6	0.7	0.7	0.8	1.0	1.1	1.3	1.5	1.6	1.7	2.0	2.4	2.5	2.6	2.6	2.7
Share buybacks	0.5	2.6	2.9	4.4	3.7	3.9	3.9	3.6	3.2	3.0	4.3	5.0	13.0	14.1	6.1	4.1	0.2	0.5

US$ millions unless shown otherwise. Fiscal quarters.

Lowe's: cash flow statement, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Jan 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Oct 2025	2026 Q4Jan 2026	2027 Q1May 2026	2027 Q2Jul 2026
Cash from operations	1,299	911	3,379	4,231	687	1,567	3,350	3,659
Depreciation and amortisation	433	511	507	457	475	637	644	572
Stock-based pay	49	57	58	64	54	70	65	73
Capital spending	571	548	518	495	597	603	521	542
Free cash flow	728	363	2,861	3,736	90	964	2,829	3,117
Free cash flow after stock pay	679	306	2,803	3,672	36	894	2,764	3,044

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 Lowe's's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lowe's.