HDFC Bank Limited

HDBNYSEFinancial Services● Active

$23.16

$-0.26(-1.09%)

Market Cap$118.8B

P/E Ratio—

52W High$39.805

52W Low$23.249

Avg Volume9.9M

Open$23.31

Beta0.43

Overview

HDFC Bank Limited (HDB) Free Cash Flow & Analysis

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

HDB · free cash flow · updated Jun 8, 2026

Core FCF metrics

HDB · FCF · TTM · margin & CAGR

Free cash flow was $1.72T for FY2026 (fiscal year ending 2026-03-31), up 52.6% year-over-year The FCF margin was 33.0%. Five-year CAGR stands at +13.8%.

FY2026 Free Cash Flow$1.72T▲ +52.6% YoY

Trailing 12M (TTM)$1.72Ttrailing 4 quarters sum

FCF Margin33.0%$1.72T ÷ revenue

3-Year CAGR+58.4%FY2023 → FY2026

5-Year CAGR+13.8%FY2021 → FY2026

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

HDB · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$1.76T(40.93B)$1.72T▲ +52.6%33.0%

FY2025$1.20T(66.40B)$1.13T▲ +16.6%26.9%

FY2024$1.02T(53.84B)$968.48B▲ +123.4%27.5%

FY2023$477.20B(43.62B)$433.58B▼ 21.8%21.9%

FY2022$581.02B(26.32B)$554.69B▼ 38.6%34.6%

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

FCF valuation metrics

HDB · P/FCF · FCF yield · FCF per share

HDFC Bank Limited (HDB) trades at a FCF yield of 0.00% and a price-to-free-cash-flow ratio of 0.0x. FCF per share stands at $1009.48, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.00%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1009.48

TTM FCF ÷ Shares Outstanding

Price / FCF

x0.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x0.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-03-31

Cash flow statement summary

HDB · cash flow statement · operating / investing / financing

For FY2026, HDFC Bank Limited generated $1.76T in operating cash flow and spent 40.93B in capital expenditures, yielding $1.72T in free cash flow.

Operating Activities

+$1.76T

Cash from core business operations

2026-03-31

Investing Activities

−$4.57T

CapEx, acquisitions & investments

2026-03-31

Financing Activities

+$3.44T

Buybacks, dividends & debt

2026-03-31

FCF FormulaOperating CF ($1.76T) − |CapEx| (40.93B) = FCF ($1.72T)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

HDB vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

HDFC Bank LimitedYOU

HDB

$1.72T+52.6%33.0%

100%

JPMorgan Chase & Co.

JPM

$100.87B+340.1%36.1%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

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

About Free Cash Flow & Methodology

HDFC Bank Limited (HDB) reported free cash flow of $1.72T for FY2026 (fiscal year ending 2026-03-31), up 52.6% year-over-year. The FCF margin was 33.0%.

Based on available data, HDFC Bank Limited has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.72T in FY2026. The 5-year CAGR stands at +13.8%.

HDFC Bank Limited's FCF yield is 0.00% and price-to-FCF ratio is 0.0x for FY2026, based on the latest available data.

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

HDB free cash flow · 8 questions

HDFC Bank Limited free cash flow was $1.72T for FY2026, up 52.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.72T.

HDB free cash flowHDB FCFHDB FCF 2026HDB free cash flow TTM

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