Trend Micro Incorporated (TYO:4704)

Trend Micro Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	55,961	52,331	55,580	31,978	41,897	52,371
Depreciation & Amortization	27,141	27,057	28,927	28,315	25,185	20,894
Loss (Gain) From Sale of Assets	23	15	204	580	13	66
Loss (Gain) From Sale of Investments	-11	149	-438	-1,357	-3,345	-9,291
Loss (Gain) on Equity Investments	491	1,046	2,573	2,862	456	110
Other Operating Activities	-18,133	-18,827	-25,680	-18,901	-17,320	-17,219
Change in Accounts Receivable	4,458	-42	-2,682	-2,901	-7,089	-4,377
Change in Inventory	269	-1,490	-1,184	-2,260	-205	-2
Change in Accounts Payable	3,435	334	-6,355	3,680	5,022	1,815
Change in Other Net Operating Assets	-8,516	4,064	-4,164	15,231	12,289	10,900
Operating Cash Flow	65,118	64,637	46,781	57,227	56,903	55,267
Operating Cash Flow Growth	20.31%	38.17%	-18.25%	0.57%	2.96%	1.76%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-1,270	-1,158	-1,220	-2,178	-1,402	-2,156
Divestitures	-	-	-	-	5,518	4,511
Sale (Purchase) of Intangibles	-21,265	-21,699	-23,720	-24,183	-19,577	-16,631
Investment in Securities	7,552	23,618	29,694	57,363	-52,255	18,305
Other Investing Activities	-1	-2	290	-2	-	-1,454
Investing Cash Flow	-14,984	759	5,044	31,000	-67,716	2,575

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	-	-	-	900
Net Debt Issued (Repaid)	-	-	-	-	-	900
Issuance of Common Stock	1,164	3,920	5,599	1,831	3,133	2,042
Repurchase of Common Stock	-14,999	-10,000	-40,000	-24,999	-7,035	-
Common Dividends Paid	-23,567	-23,489	-96,289	-20,258	-26,541	-20,767
Other Financing Activities	-	2,102	-210	-7	6	1,380
Financing Cash Flow	-37,402	-27,467	-130,900	-43,433	-30,437	-16,445

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	13,475	5,136	5,200	8,827	23,908	10,121
Miscellaneous Cash Flow Adjustments	1	1	2	1	-695	-
Net Cash Flow	26,208	43,066	-73,873	53,622	-18,037	51,518

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	63,848	63,479	45,561	55,049	55,501	53,111
Free Cash Flow Growth	20.52%	39.33%	-17.24%	-0.81%	4.50%	0.68%
Free Cash Flow Margin	21.97%	23.00%	16.71%	22.14%	24.80%	27.90%
Free Cash Flow Per Share	486.64	479.73	341.66	402.07	396.53	380.76
Levered Free Cash Flow	51,544	46,790	29,176	42,337	110,303	22,965
Unlevered Free Cash Flow	51,544	46,790	29,176	42,337	110,330	22,972

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	-	-	-	-	43	9
Cash Income Tax Paid	18,109	18,922	25,535	19,015	16,850	17,137
Change in Working Capital	-354	2,866	-14,385	13,750	10,017	8,336

Data Source: S&P Global Market Intelligence Last updated: Aug 14, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

Data Sources Report a data error