Fedex (FDX) Cash from Operations (2009 - 2026)
Fedex (FDX) reported Cash from Operations of $3.27 billion for fiscal Q4 2026 (quarter ended May 31, 2026), up 29.6% from $2.52 billion a year earlier and up 63.8% from the prior quarter.
Powered by 
Analysis
Fedex (FDX) Cash from Operations (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Fedex posted Cash from Operations of $8.93 billion, up 26.8% from FY2025.
- Cash from Operations has a five-year compound annual growth rate of -2.5% (FY2021 to FY2026).
- By fiscal year, Cash from Operations came in at $7.04 billion in FY2025 (-15.4%), $8.31 billion in FY2024 (-6.1%), $8.85 billion in FY2023 (-10.0%) and $9.83 billion in FY2022 (-3.0%).
- The fiscal Q4 2026 figure ranks as the highest quarterly Cash from Operations since fiscal Q4 2023.
- Year over year, Cash from Operations gained in four of the last eight quarters, with growth averaging 8.4%.
- The high point for year-over-year Cash from Operations in five years was fiscal Q2 2026 (growth of 48.0%); the low point was fiscal Q1 2025 (a decline of 46.8%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $1.99 billion (Q3 2026), $1.95 billion (Q2 2026) and $1.72 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 3.08 Bn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 1.33 Bn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 1.25 Bn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 859.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 1.05 Bn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 3.27 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 1.60 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 272.70 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | - |
| 10 | Copart | 25.27 Bn | 9.69 Bn | 645.66 Mn | 357.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 3.27 Bn |
| Feb 28, 2026 | 1.99 Bn |
| Nov 30, 2025 | 1.95 Bn |
| Aug 31, 2025 | 1.72 Bn |
| May 31, 2025 | 2.52 Bn |
| Feb 28, 2025 | 2.01 Bn |
| Nov 30, 2024 | 1.32 Bn |
| Aug 31, 2024 | 1.19 Bn |
| May 31, 2024 | 2.70 Bn |
| Feb 29, 2024 | 1.61 Bn |
| Nov 30, 2023 | 1.77 Bn |
| Aug 31, 2023 | 2.23 Bn |
| May 31, 2023 | 3.45 Bn |
| Feb 28, 2023 | 2.28 Bn |
| Nov 30, 2022 | 1.52 Bn |
| Aug 31, 2022 | 1.61 Bn |
| May 31, 2022 | 3.50 Bn |
| Feb 28, 2022 | 2.25 Bn |
| Nov 30, 2021 | 2.00 Bn |
| Aug 31, 2021 | 2.08 Bn |
API Access
Fedex Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=FDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "FDX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=FDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();