Fomento Económico Mexicano, S.A.B. de C.V. (FMX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 1.24B | 2.55B | 18.55B | 918.32M | 335.81M | 1.33B | 10.97B | 18.23B | 15.64B | 7.49B | 22.88B | 14.44B | 2.84B | 34.96B | 4.95B | 22.43B | 10.23B | 19.68B | 18.21B | 22.21B |
| Operating CF Margin % | 10.45% | 21.23% | 160.99% | 8.1% | 3.54% | 13.25% | 5.58% | 9.17% | 8.85% | 4.09% | 12.6% | 8.08% | 1.78% | 24.02% | 3.14% | 15.37% | 6.92% | 12.95% | 12.79% | 16.17% |
| Operating CF Growth % | 268.13% | 92.54% | 69.03% | -94.96% | -97.85% | -82.29% | -52.06% | 26.26% | 450.26% | -78.58% | 362.58% | -35.65% | -72.22% | 77.68% | -72.84% | 1.02% | -21.24% | -1.1% | 23.94% | 246.92% |
| Net Income | 844.31M | 2.45B | 5.49B | 145.51M | 281.51M | 257.5M | 5.9B | 12.59B | 2.87B | 1.72B | 9.74B | 6.16B | 48.07B | 3.93B | 10.75B | 5.23B | 4B | 6.73B | 14.11B | 3.09B |
| Depreciation & Amortization | 786.6M | 1.2B | 12.56B | 586.98M | 527.99M | 502.89M | 9.49B | 9.53B | 9.81B | 6.62B | 6.73B | 8.1B | 8.17B | 8.29B | 6.51B | 7.32B | 7.1B | 5.89B | 6.94B | 6.86B |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 45.42M | 0 | 0 | 0 | 943M | 0 | 0 | 0 | 866M | 0 | 0 | 0 | 854M | 0 | 0 |
| Deferred Taxes | -42.87M | 2.38M | -790.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -489.23M | -97.08M | 2.58B | 454.69M | -389.7M | 827.95M | 2.72B | -840.35M | 6.23B | -372.04M | 9.47B | 6.73B | -50.59B | 22.09B | -6.48B | 11.15B | 2.06B | 12.13B | 3.51B | 15.42B |
| Working Capital Changes | 137.4M | -997.62M | -1.3B | -268.86M | -83.98M | -307.59M | -7.13B | -3.05B | -3.27B | -1.43B | -3.06B | -6.56B | -2.81B | -208M | -5.83B | -1.27B | -2.93B | -5.91B | -6.35B | -3.17B |
| Change in Receivables | 137.46M | -251M | -738.05M | -108.81M | -63.14M | -286.72M | -2.19B | -741M | -849M | 348M | -20.96B | 8.47B | -349M | 236M | -4.67B | 969M | -2.22B | -3.9B | -2.13B | -1.33B |
| Change in Inventory | 158.71M | -222.37M | 2.22B | -74.74M | 96.69M | -241.54M | -3.04B | -929M | 2.28B | -5.85B | -2.33B | 828M | -213M | -2.74B | -462M | -2.28B | -1.38B | -2.8B | -4.12B | -1.46B |
| Change in Payables | -177.34M | -550.57M | -949.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | 348.84M | -312.57M | 3.27B | 1.41B | -1.11B | -1.43B | 28.6B | -11.79B | -20.17B | 31.09B | -17.03B | 77.18B | 41.45B | -50.82B | 1.92B | 12.03B | -9.56B | -24.48B | -6.51B | -12.91B |
| Capital Expenditures | -440.55M | -1.15B | -11.87B | -440.77M | -434.49M | -690.45M | -12.49B | -11.45B | -5.35B | -12.22B | -10.31B | -6.24B | -5.34B | -10.46B | -7.57B | -5.42B | -5.9B | -4.36B | -5.99B | -4.72B |
| CapEx % of Revenue | 3.72% | 9.54% | 103.05% | 3.89% | 4.58% | 6.9% | 6.35% | 5.76% | 3.03% | 6.68% | 5.68% | 3.49% | 3.35% | 7.19% | 4.8% | 3.71% | 3.99% | 2.87% | 4.21% | 3.44% |
| Acquisitions | 4.61M | 780.25M | 1.69B | -167.84M | 151.69M | 7.72M | -7.68B | 0 | 0 | -1.23B | 0 | -22M | -2.96B | -21.33B | 8.99B | -8.67B | -3.18B | -8.05B | -1.56B | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 51.67M | -897.23M | 74.61M | 2.02B | -828.64M | -744.6M | 48.77B | -349M | -14.82B | 44.53B | -6.72B | 83.45B | 49.75B | -19.04B | 503M | 26.12B | -484M | -12.07B | 1.04B | -8.19B |
| Cash from Financing | -1.74B | -3.17B | -25.08B | -960.62M | -757.5M | -908.6M | -16.06B | -31.96B | -17.08B | -34.55B | -6.63B | -25.49B | -24.27B | 12M | -13.4B | -16.2B | -6.31B | -12.37B | -6.46B | -12.49B |
| Debt Issued (Net) | -280.18M | -365.44M | -3.82B | 289.09M | -236.01M | 0 | 0 | 0 | -8.93B | 6.05B | -3.79B | -19.23B | -23.16B | 16.97B | -10.14B | -4.6B | -4.18B | 3.17B | -2.93B | -2.45B |
| Equity Issued (Net) | -305.81M | -283.2M | -198.52M | -319.73M | -62.51M | 7.1K | -10.54B | -9.78B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -669.36M | -1.61B | -13.72B | -757.17M | -293.48M | -435.55M | -8.08B | -7.92B | 0 | -2.82B | -139.22M | -9.29B | 0 | -8.7B | -77M | -8.73B | 0 | -6.66B | -79M | -6.66B |
| Share Repurchases | -305.81M | -283.2M | -198.52M | -319.73M | -62.51M | 7.1K | -10.54B | -9.78B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -479.73M | -909.9M | -7.34B | -172.81M | -165.51M | -473.06M | 2.55B | -14.27B | -8.15B | -37.77B | -2.7B | 3.02B | -1.11B | -8.26B | -3.19B | -2.87B | -2.13B | -8.89B | -3.46B | -3.38B |
| Net Change in Cash | -100.43M | 5.62B | -2.35B | 1.1B | -1.48B | -764.36M | 34.34B | -16.1B | -27.58B | 4.67B | 6.45B | 54.06B | 16.49B | -17.63B | -4.83B | 12.68B | -4.18B | -17.26B | 6.88B | -5.54B |
| Free Cash Flow | 841.51M | 1.2B | 8.23B | 477.55M | -98.68M | 635.73M | -1.52B | 6.78B | 10.29B | -4.73B | 12.57B | 8.19B | -2.49B | 24.5B | -2.62B | 17.01B | 4.33B | 15.31B | 12.22B | 17.48B |
| FCF Margin % | 7.11% | 10.02% | 71.4% | 4.21% | -1.04% | 6.35% | -0.77% | 3.41% | 5.82% | -2.59% | 6.92% | 4.59% | -1.56% | 16.83% | -1.66% | 11.65% | 2.93% | 10.08% | 8.58% | 12.73% |
| FCF Growth % | 952.76% | 89.52% | 642.62% | -92.96% | -100.96% | 113.44% | -112.06% | -17.25% | 512.4% | -119.3% | 579.5% | -51.83% | -157.56% | 59.97% | -121.45% | -2.7% | -55.67% | 7.69% | 5.83% | 1816.34% |
| FCF per Share | 2.51 | 3.60 | 24.55 | 1.38 | -0.28 | 1.83 | -4.31 | 19.30 | 29.27 | -13.46 | 35.78 | 23.32 | -7.10 | 69.73 | -7.46 | 48.42 | 12.33 | 43.59 | 34.79 | 49.76 |
| FCF Conversion (FCF/Net Income) | 1.46x | 5.48x | 143.17x | 6.31x | 1.19x | 5.15x | 1.86x | 1.45x | 5.46x | 4.34x | 2.35x | 2.35x | 0.06x | 8.90x | 0.46x | 4.29x | 2.56x | 2.93x | 1.29x | 7.19x |
| Interest Paid | 0 | -4.57B | 0 | 2.24B | 2.33B | 9.98B | 1.4B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |