Fedex (FDX) Free Cash Flow (2009 - 2026)
Fedex (FDX) reported Free Cash Flow of $1.79 billion for fiscal Q4 2026 (quarter ended May 31, 2026), up 71.2% from $1.05 billion a year earlier and up 72.5% from the prior quarter.
Powered by 
Analysis
Fedex (FDX) Free Cash Flow (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Fedex posted Free Cash Flow of $5.12 billion, up 71.6% from FY2025.
- Free Cash Flow has a five-year compound annual growth rate of 3.8% (FY2021 to FY2026).
- By fiscal year, Free Cash Flow came in at $2.98 billion in FY2025 (-4.9%), $3.14 billion in FY2024 (+17.3%), $2.67 billion in FY2023 (-12.9%) and $3.07 billion in FY2022 (-27.8%).
- The fiscal Q4 2026 figure ranks as the highest quarterly Free Cash Flow since fiscal Q4 2018.
- Year over year, Free Cash Flow has now increased in each of the last four quarters, with growth averaging 79.1% over the last eight quarters.
- The high point for year-over-year Free Cash Flow in five years was fiscal Q3 2025 (growth of 339.4%); the low point was fiscal Q3 2024 (a decline of 76.9%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $1.04 billion (Q3 2026), $1.19 billion (Q2 2026) and $1.09 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 2.20 Bn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 751.00 Mn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 699.79 Mn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 166.00 Mn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 615.00 Mn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 1.79 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 2.38 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 195.66 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 551.77 Mn |
| 10 | Copart | 25.27 Bn | 9.69 Bn | 645.66 Mn | 278.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 1.79 Bn |
| Feb 28, 2026 | 1.04 Bn |
| Nov 30, 2025 | 1.19 Bn |
| Aug 31, 2025 | 1.09 Bn |
| May 31, 2025 | 1.05 Bn |
| Feb 28, 2025 | 1.02 Bn |
| Nov 30, 2024 | 500.00 Mn |
| Aug 31, 2024 | 420.00 Mn |
| May 31, 2024 | 1.50 Bn |
| Feb 29, 2024 | 231.00 Mn |
| Nov 30, 2023 | 469.00 Mn |
| Aug 31, 2023 | 940.00 Mn |
| May 31, 2023 | 1.69 Bn |
| Feb 28, 2023 | 998.00 Mn |
| Nov 30, 2022 | -340.00 Mn |
| Aug 31, 2022 | 323.00 Mn |
| May 31, 2022 | 1.12 Bn |
| Feb 28, 2022 | 1.01 Bn |
| Nov 30, 2021 | 425.00 Mn |
| Aug 31, 2021 | 514.00 Mn |
API Access
Fedex Free Cash Flow 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=free-cash-flow&ticker=FDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=FDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();