Fedex (FDX) FCF Margin (2009 - 2026)
Fedex's (FDX) quarterly FCF Margin came in at 7.16% in Q2 2026, up 245.0% year-over-year from 2.08% in Q2 2025, and up 65.6% quarter-over-quarter from 4.32% in Q1 2026.
Analysis
Fedex (FDX) FCF Margin (2009 - 2026) Analysis & Trends
Fedex has disclosed FCF Margin across 18 years of filings, most recently posting 7.16% for Q2 2026.
- In Q2 2026, FCF Margin rose 245.0% year-over-year to 7.16%; the TTM figure through May 2026 stood at 5.4% (up 201.0% YoY), while the FY2026 annual figure was 5.4%, up 201.0% from the prior year.
- FCF Margin came in at 7.16% for Q2 2026 at Fedex, up from 4.32% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 7.72% in Q2 2023 to a low of 1.49% in Q4 2022.
- Average FCF Margin over 5 years is 3.9%, with a median of 4.42% recorded in 2023.
- Year-over-year, FCF Margin soared 361 bps in 2023 and sank 344 bps in 2024.
- Over 5 years, FCF Margin stood at 1.49% in 2022, then surged by 242 bps to 2.12% in 2023, then rose by 8 bps to 2.28% in 2024, then soared by 124 bps to 5.09% in 2025, then surged by 41 bps to 7.16% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 7.16% in Q2 2026, 4.32% in Q1 2026, and 5.09% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Parcel Service | 84.59 Bn | 79.94 Bn | 19.65 Bn | 0.73% |
| 2 | Fedex | 73.62 Bn | 60.31 Bn | 18.84 Bn | 7.16% |
| 3 | ZTO Express (Cayman) | 16.53 Bn | 11.93 Bn | 550.21 Mn | 31.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 7.16% |
| Feb 28, 2026 | 4.33% |
| Nov 30, 2025 | 5.09% |
| Aug 31, 2025 | 4.91% |
| May 31, 2025 | 4.71% |
| Feb 28, 2025 | 4.58% |
| Nov 30, 2024 | 2.28% |
| Aug 31, 2024 | 1.95% |
| May 31, 2024 | 6.77% |
| Feb 29, 2024 | 1.06% |
| Nov 30, 2023 | 2.12% |
| Aug 31, 2023 | 4.34% |
| May 31, 2023 | 7.72% |
| Feb 28, 2023 | 4.50% |
| Nov 30, 2022 | -1.49% |
| Aug 31, 2022 | 1.39% |
| May 31, 2022 | 4.58% |
| Feb 28, 2022 | 4.28% |
| Nov 30, 2021 | 1.81% |
| Aug 31, 2021 | 2.34% |