Fedex (FDX) FCF Margin (2009 - 2026)

Fedex (FDX) posted FCF Margin of 7.16% for Q2 2026, up 65.6% sequentially from 4.32% in Q1 2026, and up 245.0% YoY from 2.08% in Q2 2025.

Fedex (FDX) FCF Margin (2009 - 2026) Analysis & Trends

Fedex has reported FCF Margin for 18 years, with the latest figure at 7.16% in Q2 2026.

Quarterly FCF Margin rose 245.0% year-over-year to 7.16% in Q2 2026, while the trailing twelve-month figure through May 2026 was 5.4% (up 201.0% YoY) and the FY2026 annual result came in at 5.4%, up 201.0% from the prior year.
FCF Margin climbed to 7.16% in Q2 2026 per FDX's latest filing, from 4.32% in the prior quarter.
Over five years, FCF Margin peaked at 7.72% in Q2 2023 and troughed at 1.49% in Q4 2022.
A 5-year average of 3.9% and a median of 4.42% in 2023 frame the typical range for FCF Margin.
The sharpest annual moves came in 2023 and 2024: FCF Margin jumped 361 bps in 2023, then slumped 344 bps in 2024.
Over 5 years, FCF Margin stood at 1.49% in 2022, then jumped by 242 bps to 2.12% in 2023, then advanced by 8 bps to 2.28% in 2024, then surged by 124 bps to 5.09% in 2025, then jumped by 41 bps to 7.16% in 2026.
According to Business Quant data, FCF Margin over the past three periods registered 7.16%, 4.32%, and 5.09% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	United Parcel Service	87.24 Bn	82.59 Bn	19.65 Bn	0.73%
2	Fedex	77.35 Bn	64.04 Bn	18.84 Bn	7.16%
3	Hunt J B Transport Services	25.86 Bn	25.86 Bn	-	7.25%
4	Expeditors International Of Washington	24.43 Bn	23.40 Bn	1.09 Bn	4.76%
5	C. H. Robinson Worldwide	17.04 Bn	16.89 Bn	1.11 Bn	0.46%
6	ZTO Express (Cayman)	17.03 Bn	12.62 Bn	469.01 Mn	20.91%
7	Landstar System	6.19 Bn	5.84 Bn	308.86 Mn	-3.72%
8	GXO Logistics	5.22 Bn	4.45 Bn	508.00 Mn	0.32%
9	Pitney Bowes	2.21 Bn	1.93 Bn	296.14 Mn	29.77%
10	Cryoport	842.14 Mn	445.45 Mn	22.82 Mn	-16.28%

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