First Horizon annual free cash flow
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2024
2025
First Horizon Free Cash Flow (FCF) History (FHN)
First Horizon reported $595.0M in free cash flow for fiscal 2025, a decrease of 51.39% from the previous fiscal year, with a free cash flow margin of 17.40%.
View full First Horizon company overviewFirst Horizon free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $595.0M | −$629.0M | −51.39% | +17.40% |
| 2024 | 2024-12-31 | $1.22B | −$38.0M | −3.01% | +38.37% |
| 2023 | 2023-12-31 | $1.26B | −$1.00B | −44.23% | +36.40% |
| 2022 | 2022-12-31 | $2.26B | $1.57B | +228.92% | +70.56% |
| 2021 | 2021-12-31 | $688.0M | $895.0M | — | +22.41% |
| 2020 | 2020-12-31 | −$207.0M | −$988.0M | — | −6.56% |
| 2019 | 2019-12-31 | $781.0M | $585.0M | +298.47% | +42.98% |
| 2018 | 2018-12-31 | $196.0M | $512.4M | — | +10.12% |
| 2017 | 2017-12-31 | −$316.4M | −$433.9M | — | −23.75% |
| 2016 | 2016-12-31 | $117.4M | −$206.4M | −63.74% | +9.24% |
| 2015 | 2015-12-31 | $323.9M | −$341.9M | −51.36% | +27.87% |
| 2014 | 2014-12-31 | $665.8M | $275.9M | +70.76% | +57.86% |
| 2013 | 2013-12-31 | $389.9M | $40.2M | +11.50% | +33.41% |
| 2012 | 2012-12-31 | $349.7M | $341.1M | +3982.78% | +27.28% |
| 2011 | 2011-12-31 | $8.6M | −$716.9M | −98.82% | +0.59% |
| 2010 | 2010-12-31 | $725.4M | −$37.6M | −4.93% | +52.06% |
| 2009 | 2009-12-31 | $763.1M | −$3.39B | −81.64% | +67.48% |
| 2008 | 2008-12-31 | $4.16B | — | — | +323.87% |
First Horizon quarterly free cash flow
Q1.09
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q3.13
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $566.0M | $492.0M | +664.86% | +63.81% |
| Q1 2026 | 2026-03-31 | $270.0M | −$70.0M | −20.59% | +31.32% |
| Q4 2025 | 2025-12-31 | $389.0M | $215.0M | +123.56% | +43.81% |
| Q3 2025 | 2025-09-30 | −$208.0M | −$591.0M | — | −23.40% |
| Q2 2025 | 2025-06-30 | $74.0M | $235.0M | — | +8.92% |
| Q1 2025 | 2025-03-31 | $340.0M | −$488.0M | −58.94% | +41.87% |
| Q4 2024 | 2024-12-31 | $174.0M | $151.0M | +656.55% | +11.34% |
| Q3 2024 | 2024-09-30 | $383.0M | $336.4M | +721.31% | +46.31% |
| Q2 2024 | 2024-06-30 | −$161.0M | −$413.1M | — | −1788.89% |
| Q1 2024 | 2024-03-31 | $828.0M | $406.3M | +96.36% | +101.10% |
| Q3 2013 | 2013-09-30 | $23.0M | $182.3M | — | +7.68% |
| Q1 2013 | 2013-03-31 | $46.6M | $211.4M | — | +15.40% |
| Q4 2012 | 2012-12-31 | $252.1M | $176.8M | +234.88% | +83.46% |
| Q3 2012 | 2012-09-30 | $421.7M | $165.4M | +64.54% | +141.98% |
| Q2 2012 | 2012-06-30 | −$159.3M | −$68.3M | — | −50.33% |
| Q1 2012 | 2012-03-31 | −$164.7M | $67.2M | — | −44.96% |
| Q4 2011 | 2011-12-31 | $75.3M | −$535.7M | −87.68% | +21.50% |
| Q3 2011 | 2011-09-30 | $256.3M | −$385.1M | −60.04% | +70.17% |
| Q2 2011 | 2011-06-30 | −$91.0M | $310.0M | — | −25.32% |
| Q1 2011 | 2011-03-31 | −$232.0M | −$106.1M | — | −63.02% |
| Q4 2010 | 2010-12-31 | $611.0M | $492.2M | +414.43% | +181.85% |
| Q3 2010 | 2010-09-30 | $641.4M | $318.4M | +98.57% | +169.30% |
| Q2 2010 | 2010-06-30 | −$401.1M | −$764.3M | — | −111.37% |
| Q1 2010 | 2010-03-31 | −$125.9M | −$84.0M | — | −39.50% |
| Q4 2009 | 2009-12-31 | $118.8M | — | — | +39.12% |
| Q3 2009 | 2009-09-30 | $323.0M | — | — | +104.86% |
| Q2 2009 | 2009-06-30 | $363.2M | — | — | +162.68% |
| Q1 2009 | 2009-03-31 | −$41.9M | — | — | −14.15% |
First Horizon free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$207.0M to $595.0M, a net increase of $802.0M. First Horizon's latest reported quarter, Q2 2026, generated $566.0M in free cash flow, an increase of 664.86% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review First Horizon filings at SEC.gov ↗