Fedex (FDX) Other Working Capital Changes (2009 - 2026)

Fedex's (FDX) quarterly Other Working Capital Changes came in at -$12.0 million in Q1 2026, up 92.26% year-on-year from -$6.2 million in Q1 2025, and down 112.9% quarter-over-quarter from $93.0 million in Q4 2025.

Fedex (FDX) Other Working Capital Changes (2009 - 2026) Analysis & Trends

Fedex has disclosed Other Working Capital Changes across 18 years of filings, most recently posting -$12.0 million for Q1 2026.

  • Other Working Capital Changes for Q1 2026 came in at -$12.0 million, up 92.26% year-over-year; the trailing twelve-month figure through Feb 2026 was $297.0 million (up 347.5% YoY), and the FY2025 annual result was $12.0 million, down 72.09% from the prior year.
  • Other Working Capital Changes came in at -$12.0 million for Q1 2026 at Fedex, down from $93.0 million in the prior quarter.
  • In the past five years, Other Working Capital Changes ranged from a high of $233.0 million in Q4 2022 to a low of -$228.0 million in Q1 2023.
  • The 5-year median for Other Working Capital Changes is -$1.0 million (2022), against an average of $9.9 million.
  • Peak annual rise in Other Working Capital Changes reached 789.47% in 2023, while the deepest fall reached 22700.0% in 2023.
  • Fedex's Other Working Capital Changes stood at $233.0 million in 2022, then sank by 109.01% to -$21.0 million in 2023, then tumbled by 433.33% to -$112.0 million in 2024, then surged by 183.04% to $93.0 million in 2025, then slumped by 112.9% to -$12.0 million in 2026.
  • The last three Other Working Capital Changes figures came in at -$12.0 million (Q1 2026), $93.0 million (Q4 2025), and $160.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 United Parcel Service 92.26 Bn 86.49 Bn 18.44 Bn
2 Fedex 78.12 Bn 66.43 Bn 20.49 Bn
3 Hunt J B Transport Services 26.94 Bn 26.93 Bn 2.88 Bn
4 C. H. Robinson Worldwide 22.05 Bn 21.89 Bn 1.50 Bn
5 Expeditors International Of Washington 21.79 Bn 20.48 Bn 2.84 Bn
6 Landstar System 7.42 Bn 7.01 Bn 1.16 Bn
7 GXO Logistics 5.58 Bn 4.83 Bn 490.00 Mn
8 ZTO Express (Cayman) 2.73 Bn -774.03 Mn 469.01 Mn
9 Pitney Bowes 2.47 Bn 2.16 Bn 375.39 Mn
10 Cryoport 783.40 Mn 379.76 Mn 21.91 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 -12.00 Mn
Feb 28, 2026 -12.00 Mn
Nov 30, 2025 93.00 Mn
Nov 30, 2025 93.00 Mn
Aug 31, 2025 160.00 Mn
Aug 31, 2025 160.00 Mn
May 31, 2025 56.00 Mn
May 31, 2025 56.00 Mn
Feb 28, 2025 -155.00 Mn
Feb 28, 2025 -155.00 Mn
Nov 30, 2024 -112.00 Mn
Nov 30, 2024 -112.00 Mn
Aug 31, 2024 223.00 Mn
Aug 31, 2024 223.00 Mn
May 31, 2024 -76.00 Mn
May 31, 2024 -76.00 Mn
Feb 29, 2024 9.00 Mn
Feb 29, 2024 9.00 Mn
Nov 30, 2023 -21.00 Mn
Nov 30, 2023 -21.00 Mn