FedEx Corporation

FDXNYSEIndustrials● Active

$330.38

$-0.62(-0.19%)

Market Cap$78.8B

P/E Ratio—

52W High$341.14

52W Low$174.13376

Avg Volume2.3M

Open$331.20

Beta1.30

Free Cash Flow Financials Revenue

FedEx Corporation (FDX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

FDX · free cash flow · updated Jun 8, 2026

Core FCF metrics

FDX · FCF · TTM · margin & CAGR

Free cash flow was $2.98B for FY2025 (fiscal year ending 2025-05-31), down 4.9% year-over-year The FCF margin was 3.4%.

FY2025 Free Cash Flow$2.98B▼ -4.9% YoY

Trailing 12M (TTM)$4.37Btrailing 4 quarters sum

FCF Margin3.4%$2.98B ÷ revenue

3-Year CAGR-1.0%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

FDX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$7.04B(4.05B)$2.98B▼ 4.9%3.4%

FY2024$8.31B(5.18B)$3.14B▲ +18.7%3.6%

FY2023$8.81B(6.17B)$2.64B▼ 13.9%2.9%

FY2022$9.83B(6.76B)$3.07B▼ 27.8%3.3%

FY2021$10.13B(5.88B)$4.25B▲ +651.4%5.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

FDX · P/FCF · FCF yield · FCF per share

FedEx Corporation (FDX) trades at a FCF yield of 5.54% and a price-to-free-cash-flow ratio of 18.4x. FCF per share stands at $17.99, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.54%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$17.99

TTM FCF ÷ Shares Outstanding

Price / FCF

x18.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x25.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-05-31

Cash flow statement summary

FDX · cash flow statement · operating / investing / financing

For FY2025, FedEx Corporation generated $7.04B in operating cash flow and spent 4.05B in capital expenditures, yielding $2.98B in free cash flow.

Operating Activities

+$7.04B

Cash from core business operations

2025-05-31

Investing Activities

−$4.09B

CapEx, acquisitions & investments

2025-05-31

Financing Activities

−$4.02B

Buybacks, dividends & debt

2025-05-31

FCF FormulaOperating CF ($7.04B) − |CapEx| (4.05B) = FCF ($2.98B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

FDX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

FedEx CorporationYOU

FDX

$2.98B-4.9%3.4%

29%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

FedEx Corporation (FDX) reported free cash flow of $2.98B for FY2025 (fiscal year ending 2025-05-31), down 4.9% year-over-year. The FCF margin was 3.4%.

Based on available data, FedEx Corporation has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $4.25B in FY2021.

FedEx Corporation's FCF yield is 5.54% and price-to-FCF ratio is 18.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

FDX free cash flow · 8 questions

FedEx Corporation free cash flow was $2.98B for FY2025, down 4.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.37B.

FDX free cash flowFDX FCFFDX FCF 2025FDX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · FedEx Corporation · FedEx Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026