Next annual free cash flow
2021
2022
2023
2024
2025
2026
Next Free Cash Flow (FCF) History (NXT)
Next reported £1.10B in free cash flow for fiscal 2026, an increase of 9.32% from the previous fiscal year, with a free cash flow margin of 15.91%.
View full Next company overviewNext free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2026 | 2026-01-31 | £1.10B | £93.6M | +9.32% | +15.91% |
| 2025 | 2025-01-25 | £1.00B | £21.3M | +2.17% | +16.42% |
| 2024 | 2024-01-27 | £983.3M | £389.6M | +65.62% | +17.91% |
| 2023 | 2023-01-28 | £593.7M | −£134.1M | −18.43% | +11.79% |
| 2022 | 2022-01-29 | £727.8M | £47.6M | +7.00% | +15.73% |
| 2021 | 2021-01-30 | £680.2M | — | — | +20.71% |
Next free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from £680.2M to £1.10B, a compound annual growth rate of 10.05%.
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 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 Next source filings ↗Community posts
Next wins a major equal-pay appeal, while some employment claims remain unresolved
Next reported on 7 September 2026 that the Employment Appeal Tribunal upheld its appeal concerning differences in basic pay between retail and warehouse employees. What the company says the ruling covers According to Next's announcement, th ...