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Banks · Financial Services · Fiscal year ends Dec 31
Net income was $465M. Operating cash flow of $499M less capital expenditure of $18M left free cash flow of $481M. It held more cash than debt (net cash $1.8B).
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 331 | 312 | – | – | – |
| Net interest incomeBanks | 743 | 896 | 920 | 911 | 1,102 |
| Interest expense | 52.4 | 106 | 481 | 591 | 584 |
| Pre-tax income | 463 | 476 | 464 | 465 | 583 |
| Income tax | 95.1 | 96.2 | 97.5 | 91.6 | 119 |
| Net income | 368 | 380 | 366 | 373 | 465 |
| Diluted EPS | 2.83 | 2.80 | 2.71 | 2.75 | 3.27 |
| Diluted shares | 130 | 135 | 135 | 135 | 142 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 3,758 | 1,177 | 1,599 | 2,292 | 2,542 |
| Net PP&E | 197 | 199 | 191 | 186 | 209 |
| Goodwill | 1,886 | 1,889 | 1,889 | 1,889 | 2,019 |
| Total assets | 29,329 | 29,489 | 29,926 | 30,024 | 33,660 |
| Short-term debt | 129 | 161 | 196 | 176 | 199 |
| Long-term debt | 817 | 2,198 | 1,789 | 540 | 532 |
| DepositsBanks | 23,350 | 22,303 | 22,819 | 23,962 | 27,061 |
| Total liabilities | 24,610 | 24,973 | 25,155 | 25,030 | 28,164 |
| Shareholders' equity | 4,719 | 4,516 | 4,771 | 4,993 | 5,496 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 610 | 761 | 435 | 445 | 499 |
| Capital expenditure | 15.4 | 16.9 | 11.7 | 12.1 | 17.7 |
| Free cash flow | 594 | 744 | 424 | 433 | 481 |
| Depreciation & amortisation | 16.6 | 18.2 | 17.2 | 15.7 | 16.8 |
| Stock-based compensation | 8.0 | 9.9 | 12.5 | 12.1 | 13.1 |
| Acquisitions | −39.4 | 0.0 | 0.0 | – | – |
| Share buybacks | 11.2 | 79.5 | 1.4 | 1.0 | 127 |
| Dividends paid | 181 | 193 | 195 | 201 | 209 |
| Dividend per share | 1.41 | 1.44 | 1.45 | 1.48 | 1.49 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −5.7% | – | – | – |
| EPS growth (YoY) | – | −1.1% | −3.2% | 1.5% | 18.9% |
| Net margin | 111.1% | 121.7% | – | – | – |
| Return on equityBlank when equity is negative | 7.8% | 8.4% | 7.7% | 7.5% | 8.5% |
| Free cash flow margin | 179.5% | 238.5% | – | – | – |
| Cash conversion (CFO ÷ net income) | 1.66x | 2.00x | 1.19x | 1.19x | 1.07x |
| Debt ÷ equity | 0.20x | 0.52x | 0.42x | 0.14x | 0.13x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −2,812 | 1,182 | 386 | −1,576 | −1,812 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.