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 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.
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