Marex Group Ltd cash flow statement

In fiscal 2025, Marex Group Ltd's operations generated $668m of cash; it spent $13.1m on capital projects, leaving free cash flow of $654m. It returned $55.5m in dividends and $44.1m through buybacks.

Cash flow statement

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

Marex Group Ltd: cash flow statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	226	735	1,164	668
Depreciation and amortisation	14	27	30	36
Capital spending	4	9	12	13
Free cash flow	222	726	1,152	654
Dividends paid	7	58	77	56
Share buybacks	8	3	20	44

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 Marex Group Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Marex Group Ltd.