Next Working Capital Growth & History (NXT)
Next's working capital was £1.19B for fiscal 2026.
View full Next company overviewNext annual working capital history
| Fiscal year | Period ended | Working capital | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-01-31 | £1.19B | £104.8M | +9.67% |
| 2025 | 2025-01-25 | £1.08B | −£118.5M | −9.86% |
| 2024 | 2024-01-27 | £1.20B | £60.8M | +5.33% |
| 2023 | 2023-01-28 | £1.14B | −£57.9M | −4.83% |
| 2022 | 2022-01-29 | £1.20B | £107.3M | +9.83% |
| 2021 | 2021-01-30 | £1.09B | — | — |
Next quarterly working capital
| Fiscal quarter | Period ended | Working capital | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-01-31 | £1.19B | £104.8M | +9.67% |
| Q2 2026 | 2025-07-31 | £1.32B | — | — |
| Q4 2025 | 2025-01-31 | £1.08B | — | — |
Next working capital trends
Over the last five fiscal years, Next's working capital increased from £1.09B to £1.19B, a change of £96.5M. The latest reported quarter, Q4 2026, shows £1.19B.
What working capital means
Working capital is the difference between current assets and current liabilities. It provides a snapshot of short-term operating liquidity, although negative working capital can be normal for some business models and the measure is often not meaningful for banks.
How working capital is calculated
TickerStat calculates working capital as reported current assets minus reported current liabilities at the same balance-sheet date. Missing current classifications are not assumed to be zero. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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 ...