Fedex annual free cash flow
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2026
Fedex Free Cash Flow (FCF) History (FDX)
Fedex reported $5.12B in free cash flow for fiscal 2026, an increase of 71.62% from the previous fiscal year, with a free cash flow margin of 5.40%.
View full Fedex company overviewFedex free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2026 | 2026-05-31 | $5.12B | $2.13B | +71.62% | +5.40% |
| 2025 | 2025-05-31 | $2.98B | −$155.0M | −4.94% | +3.39% |
| 2024 | 2024-05-31 | $3.14B | $462.0M | +17.28% | +3.58% |
| 2023 | 2023-05-31 | $2.67B | −$395.0M | −12.87% | +2.97% |
| 2022 | 2022-05-31 | $3.07B | −$1.18B | −27.81% | +3.28% |
| 2021 | 2021-05-31 | $4.25B | $5.02B | — | +5.06% |
| 2020 | 2020-05-31 | −$771.0M | −$894.0M | — | −1.11% |
| 2019 | 2019-05-31 | $123.0M | $1.11B | — | +0.18% |
| 2018 | 2018-05-31 | −$989.0M | −$803.0M | — | −1.51% |
| 2017 | 2017-05-31 | −$186.0M | −$1.08B | — | −0.31% |
| 2016 | 2016-05-31 | $890.0M | −$129.0M | −12.66% | +1.77% |
| 2015 | 2015-05-31 | $1.02B | $288.0M | +39.40% | +2.15% |
| 2014 | 2014-05-31 | $731.0M | −$582.0M | −44.33% | +1.60% |
| 2013 | 2013-05-31 | $1.31B | $485.0M | +58.57% | +2.96% |
| 2012 | 2012-05-31 | $828.0M | $221.0M | +36.41% | +1.94% |
| 2011 | 2011-05-31 | $607.0M | $285.0M | +88.51% | +1.54% |
| 2010 | 2010-05-31 | $322.0M | $28.0M | +9.52% | +0.93% |
| 2009 | 2009-05-31 | $294.0M | −$224.0M | −43.24% | +0.83% |
| 2008 | 2008-05-31 | $518.0M | — | — | +1.36% |
Fedex quarterly free cash flow
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Q4.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | $1.79B | $745.0M | +71.22% | +7.16% |
| Q3 2026 | 2026-02-28 | $1.04B | $23.0M | +2.27% | +4.32% |
| Q2 2026 | 2025-11-30 | $1.19B | $694.0M | +138.80% | +5.09% |
| Q1 2026 | 2025-08-31 | $1.09B | $673.0M | +160.24% | +4.91% |
| Q4 2025 | 2025-05-31 | $1.05B | −$450.0M | −30.08% | +4.71% |
| Q3 2025 | 2025-02-28 | $1.01B | $784.0M | +339.39% | +4.58% |
| Q2 2025 | 2024-11-30 | $500.0M | $31.0M | +6.61% | +2.28% |
| Q1 2025 | 2024-08-31 | $420.0M | −$520.0M | −55.32% | +1.95% |
| Q4 2024 | 2024-05-31 | $1.50B | −$197.0M | −11.64% | +6.77% |
| Q3 2024 | 2024-02-29 | $231.0M | −$767.0M | −76.85% | +1.06% |
| Q2 2024 | 2023-11-30 | $469.0M | $809.0M | — | +2.12% |
| Q1 2024 | 2023-08-31 | $940.0M | $617.0M | +191.02% | +4.34% |
| Q4 2023 | 2023-05-31 | $1.69B | $575.0M | +51.43% | +7.72% |
| Q3 2023 | 2023-02-28 | $998.0M | −$14.0M | −1.38% | +4.50% |
| Q2 2023 | 2022-11-30 | −$340.0M | −$765.0M | — | −1.49% |
| Q1 2023 | 2022-08-31 | $323.0M | −$191.0M | −37.16% | +1.39% |
| Q4 2022 | 2022-05-31 | $1.12B | $57.0M | +5.37% | +4.58% |
| Q3 2022 | 2022-02-28 | $1.01B | $226.0M | +28.75% | +4.28% |
| Q2 2022 | 2021-11-30 | $425.0M | −$752.0M | −63.89% | +1.81% |
| Q1 2022 | 2021-08-31 | $514.0M | −$713.0M | −58.11% | +2.34% |
| Q4 2021 | 2021-05-31 | $1.06B | $405.0M | +61.74% | +4.70% |
| Q3 2021 | 2021-02-28 | $786.0M | $1.02B | — | +3.65% |
| Q2 2021 | 2020-11-30 | $1.18B | $1.52B | — | +5.72% |
| Q1 2021 | 2020-08-31 | $1.23B | $2.08B | — | +6.35% |
| Q4 2020 | 2020-05-31 | $656.0M | $99.0M | +17.77% | +3.78% |
| Q3 2020 | 2020-02-29 | −$235.0M | −$256.0M | — | −1.34% |
| Q2 2020 | 2019-11-30 | −$339.0M | −$362.0M | — | −1.96% |
| Q1 2020 | 2019-08-31 | −$853.0M | −$375.0M | — | −5.00% |
| Q4 2019 | 2019-05-31 | $557.0M | −$1.29B | −69.78% | +3.13% |
| Q3 2019 | 2019-02-28 | $21.0M | $1.73B | — | +0.12% |
| Q2 2019 | 2018-11-30 | $23.0M | $692.0M | — | +0.13% |
| Q1 2019 | 2018-08-31 | −$478.0M | −$24.0M | — | −2.80% |
| Q4 2018 | 2018-05-31 | $1.84B | $884.0M | +92.18% | +10.64% |
| Q3 2018 | 2018-02-28 | −$1.71B | −$610.0M | — | −10.34% |
| Q2 2018 | 2017-11-30 | −$669.0M | −$867.0M | — | −4.10% |
| Q1 2018 | 2017-08-31 | −$454.0M | −$210.0M | — | −2.97% |
| Q4 2017 | 2017-05-31 | $959.0M | $303.0M | +46.19% | +6.10% |
| Q3 2017 | 2017-02-28 | −$1.10B | −$1.44B | — | −7.33% |
| Q2 2017 | 2016-11-30 | $198.0M | $338.0M | — | +1.33% |
| Q1 2017 | 2016-08-31 | −$244.0M | −$276.0M | — | −1.66% |
| Q4 2016 | 2016-05-31 | $656.0M | $141.0M | +27.38% | +5.05% |
| Q3 2016 | 2016-02-29 | $342.0M | $99.0M | +40.74% | +2.70% |
| Q2 2016 | 2015-11-30 | −$140.0M | −$139.0M | — | −1.12% |
| Q1 2016 | 2015-08-31 | $32.0M | −$230.0M | −87.79% | +0.26% |
| Q4 2015 | 2015-05-31 | $515.0M | −$192.0M | −27.16% | +4.25% |
| Q3 2015 | 2015-02-28 | $243.0M | $138.0M | +131.43% | +2.07% |
| Q2 2015 | 2014-11-30 | −$1.0M | $437.0M | — | −0.01% |
| Q1 2015 | 2014-08-31 | $262.0M | −$95.0M | −26.61% | +2.24% |
| Q4 2014 | 2014-05-31 | $707.0M | −$60.0M | −7.82% | +5.97% |
| Q3 2014 | 2014-02-28 | $105.0M | −$611.0M | −85.34% | +0.93% |
| Q2 2014 | 2013-11-30 | −$438.0M | −$337.0M | — | −3.84% |
| Q1 2014 | 2013-08-31 | $357.0M | $426.0M | — | +3.24% |
| Q4 2013 | 2013-05-31 | $767.0M | $10.0M | +1.32% | +6.71% |
| Q3 2013 | 2013-02-28 | $716.0M | $596.0M | +496.67% | +6.54% |
| Q2 2013 | 2012-11-30 | −$101.0M | −$302.0M | — | −0.91% |
| Q1 2013 | 2012-08-31 | −$69.0M | $181.0M | — | −0.64% |
| Q4 2012 | 2012-05-31 | $757.0M | −$96.0M | −11.25% | +6.88% |
| Q3 2012 | 2012-02-29 | $120.0M | $318.0M | — | +1.14% |
| Q2 2012 | 2011-11-30 | $201.0M | $33.0M | +19.64% | +1.90% |
| Q1 2012 | 2011-08-31 | −$250.0M | −$34.0M | — | −2.38% |
| Q4 2011 | 2011-05-31 | $853.0M | $458.0M | +115.95% | +8.08% |
| Q3 2011 | 2011-02-28 | −$198.0M | −$317.0M | — | −2.05% |
| Q2 2011 | 2010-11-30 | $168.0M | $378.0M | — | +1.74% |
| Q1 2011 | 2010-08-31 | −$216.0M | −$234.0M | — | −2.28% |
| Q4 2010 | 2010-05-31 | $395.0M | $335.0M | +558.33% | +4.19% |
| Q3 2010 | 2010-02-28 | $119.0M | −$47.0M | −28.31% | +1.37% |
| Q2 2010 | 2009-11-30 | −$210.0M | −$216.0M | — | −2.44% |
| Q1 2010 | 2009-08-31 | $18.0M | −$44.0M | −70.97% | +0.22% |
| Q4 2009 | 2009-05-31 | $60.0M | — | — | +0.76% |
| Q3 2009 | 2009-02-28 | $166.0M | — | — | +2.04% |
| Q2 2009 | 2008-11-30 | $6.0M | — | — | +0.06% |
| Q1 2009 | 2008-08-31 | $62.0M | — | — | +0.62% |
Fedex free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $4.25B to $5.12B, a compound annual growth rate of 3.77%. Fedex's latest reported quarter, Q4 2026, generated $1.79B in free cash flow, an increase of 71.22% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Fedex filings at SEC.gov ↗