What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Broadridge Financial Solutions (BR) spend its free cash flow?

For TTM through Q1 2026, Broadridge Financial Solutions generated $1.37B of operating cash flow and $1.3B of free cash flow — a free cash flow margin of 94.8% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Broadridge Financial Solutions (BR) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Broadridge Financial Solutions's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Broadridge Financial Solutions (BR) Cash Flow Waterfall

Operating CF

$1.37B

Capex

-$71.5M

Free Cash Flow

$1.3B

FCF Margin

+94.8%

Cash flow waterfall for Broadridge Financial Solutions (BR) — TTM through Q1 2026

Free cash flow: $1.3B

Cash flow breakdown for Broadridge Financial Solutions (BR) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.37B	$1.37B
Capital Expenditure	-$71.5M	$1.3B
Free Cash Flow	$1.3B	$1.3B
Acquisitions	-$121M	$1.18B
Other Investing	-$73M	$1.1B
Share Buybacks	-$486M	$617M
Dividends Paid	-$434M	$183M
Net Debt Change	-$216M	-$32.9M
Other Financing & FX	$20.4M	-$12.5M
Net Cash Decrease	-$12.4M	-$12.4M

Operating Cash Flow$1.37B
Capital Expenditure-$71.5M
Free Cash Flow$1.3B
Acquisitions-$121M
Other Investing-$73M
Share Buybacks-$486M
Dividends Paid-$434M
Net Debt Change-$216M
Other Financing & FX$20.4M
Net Cash Decrease-$12.4M

Want to see what drove the FCF change?Free Cash Flow Bridge

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