FedEx Cash Flow Statement
NYSE: FDXConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
FedEx free cash flow
In fiscal 2026, FedEx generated $8.93 billion of operating cash flow and spent $3.81 billion on capital expenditures. That left free cash flow of $5.12 billion, a free-cash-flow margin of 5.4% of revenue. Free cash flow was up 71.6% from the prior year's $2.98 billion.
FedEx returned $2.17 billion to shareholders: $1.37 billion in dividends and $796.0 million in share repurchases, equal to 42% of free cash flow. Free cash flow covered dividend payments 3.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
FedEx cash flow statement (annual)
| Fiscal year (USD) | FY 20262026-05-31 | FY 20252025-05-31 | FY 20242024-05-31 | FY 20232023-05-31 | FY 20222022-05-31 | FY 20212021-05-31 | FY 20202020-05-31 | FY 20192019-05-31 | FY 20182018-05-31 | FY 20172017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 4.43B | 4.09B | 4.33B | 3.97B | 3.83B | 5.23B | 1.29B | 540.00M | 4.57B | 3.00B |
| Net Income growth (YoY) | +8.33% | -5.52% | +9.04% | +3.82% | -26.86% | +306.77% | +138.15% | -88.19% | +52.55% | +64.67% |
| Depreciation & Amortization | 4.37B | 4.26B | 4.29B | 4.18B | 3.97B | 3.79B | 3.62B | 3.35B | 3.10B | 3.00B |
| Stock-Based Compensation | 177.00M | 154.00M | 163.00M | 182.00M | 190.00M | 200.00M | 168.00M | 174.00M | 167.00M | 154.00M |
| Change in Working Capital | -2.25B | -1.78B | -2.87B | -2.50B | -2.33B | -1.36B | -3.18B | -1.47B | -1.04B | -375.00M |
| Operating Cash Flow | 8.93B | 7.04B | 8.31B | 8.85B | 9.83B | 10.13B | 5.10B | 5.61B | 4.67B | 4.93B |
| Capital Expenditures | -3.81B | -4.05B | -5.18B | -6.17B | -6.76B | -5.88B | -5.87B | -5.49B | -5.66B | -5.12B |
| Investing Cash Flow | -3.91B | -4.09B | -5.20B | -6.17B | -6.82B | -6.01B | -5.85B | -5.47B | -5.68B | -4.98B |
| Dividends Paid | -1.37B | -1.34B | -1.26B | -1.18B | -793.00M | -686.00M | -679.00M | -683.00M | -535.00M | -426.00M |
| Share Repurchases | -796.00M | -3.02B | -2.50B | -1.50B | -2.25B | — | -3.00M | -1.48B | -1.02B | -509.00M |
| Debt Issued | 5.29B | 0 | 0 | — | — | 4.21B | 6.56B | 2.46B | 1.48B | 1.19B |
| Debt Repaid | -2.05B | -157.00M | -147.00M | -152.00M | -161.00M | -6.32B | -2.55B | -1.44B | -38.00M | -82.00M |
| Financing Cash Flow | 2.75B | -4.02B | -3.43B | -2.60B | -3.02B | -2.09B | 3.38B | -1.04B | 227.00M | 528.00M |
| Net Change in Cash | 7.81B | -999.00M | -355.00M | -41.00M | -190.00M | 2.21B | 2.56B | -946.00M | -704.00M | 435.00M |
| Free Cash Flow | 5.12B | 2.98B | 3.14B | 2.67B | 3.07B | 4.25B | -771.00M | 123.00M | -989.00M | -186.00M |
This table shows 10 annual periods of FedEx's cash flow statement, from FY 2026 back to FY 2017, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow FDX's reporting calendar. What is a cash flow statement?