The Bank of Nova Scotia

BNSNYSEFinancial Services● Active

$80.56

$-0.83(-1.02%)

Market Cap$98.8B

P/E Ratio—

52W High$82.22

52W Low$53.42

Avg Volume2.5M

Open$81.16

Beta1.22

Overview

The Bank of Nova Scotia (BNS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BNS · free cash flow · updated Jun 8, 2026

Core FCF metrics

BNS · FCF · TTM · margin & CAGR

Free cash flow was $5.06B for FY2025 (fiscal year ending 2025-10-31), down 66.6% year-over-year The FCF margin was 6.9%. Five-year CAGR stands at -38.1%.

FY2025 Free Cash Flow$5.06B▼ -66.6% YoY

Trailing 12M (TTM)−$384.3MTrailing 4Q sum · TTM negative vs latest FY positive

FCF Margin6.9%$5.06B ÷ revenue

3-Year CAGR-32.4%FY2022 → FY2025

5-Year CAGR-38.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BNS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$5.41B(347M)$5.06B▼ 66.6%6.9%

FY2024$15.65B(489M)$15.16B▼ 51.5%51.4%

FY2023$11.47B(442M)$31.28B▲ +91.1%98.4%

FY2022$16.94B(571M)$16.37B▲ +223.4%52.6%

FY2021−$12.81B(462M)−$13.27B▼ 123.7%-42.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BNS · P/FCF · FCF yield · FCF per share

The Bank of Nova Scotia (BNS) valuation ratios are currently unavailable — market cap, share count, or TTM data could not be retrieved from our data provider.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

Valuation ratios are unavailable — market cap, share count, or TTM data could not be retrieved. Individual metrics are shown where available.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-10-31

Cash flow statement summary

BNS · cash flow statement · operating / investing / financing

For FY2025, The Bank of Nova Scotia generated $5.41B in operating cash flow and spent 347M in capital expenditures, yielding $5.06B in free cash flow.

Operating Activities

+$5.41B

Cash from core business operations

2025-10-31

Investing Activities

+$1.57B

CapEx, acquisitions & investments

2025-10-31

Financing Activities

−$6.31B

Buybacks, dividends & debt

2025-10-31

FCF FormulaOperating CF ($5.41B) − |CapEx| (347M) = FCF ($5.06B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

BNS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

The Bank of Nova ScotiaYOU

BNS

$5.06B-66.6%6.9%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

The Bank of Nova Scotia (BNS) reported free cash flow of $5.06B for FY2025 (fiscal year ending 2025-10-31), down 66.6% year-over-year. The FCF margin was 6.9%.

Based on available data, The Bank of Nova Scotia has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $55.89B in FY2020. The 5-year CAGR stands at -38.1%.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BNS free cash flow · 8 questions

The Bank of Nova Scotia free cash flow was $5.06B for FY2025, down 66.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$384.3M.

BNS free cash flowBNS FCFBNS FCF 2025BNS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · The Bank of Nova Scotia · The Bank of Nova Scotia SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026