FedEx Corporation

FDX Industrials Integrated Freight & Logistics

FedEx Corporation’s revenue for fiscal 2026 (year ended May 2026) was $94.7 billion, up 7.73% from fiscal 2025.

Revenue
+11.9%
EPS
−68.5%
Free cash flow
+62.2%
Total debt
−18.3%

Quarter to September 2026, against a year earlier

309.49 7.31 −2.31%
Market cap
$74.2B
P/E
19.4×
Fwd P/E
15.0×
Dividend yield
1.68%
F-score
7/9
Altman Z
2.56
Beneish M
−2.65
Dividend safety
70/100

FedEx Corporation (FDX) Free cash flow

Alert me on Free cash flow

FedEx Corporation's free cash flow for fiscal 2026 was $5.2B, up 68.4% from $3.1B in fiscal 2025. Over the past ten years it has ranged from −$947.0M (fiscal 2018) to $5.2B (fiscal 2026) — the current reading is the highest in ten years. FedEx Corporation ranks 2nd of 28 Integrated Freight & Logistics companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2026 $5.2B 68.38%
FY2025 $3.1B (4.74%)
FY2024 $3.3B 17.84%
FY2023 $2.8B (12.80%)
FY2022 $3.2B (27.34%)
FY2021 $4.4B —
FY2020 −$749.0M —
FY2019 $206.0M —
FY2018 −$947.0M —
FY2017 −$51.0M —

Quarterly newest first

Period Free cash flow Change
May 2026 $1.8B —
Feb 2026 −$269.0M —
Nov 2025 $1.2B 13.72%
Aug 2025 $1.1B (2.32%)
42 more quarters

Against its own ten years

Low −$947.0M High $5.2B
Ten-year median $1.9B
Current reading's percentile 100

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

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