Free Cash Flow for FedEx (FDX)
Free Cash Flow for FedEx (FDX): headline value $4.37B · YoY -4.9%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
FDX
Currently viewingFree Cash FlowSwitch metric
Latest period
$4.37B
YoY change
-4.9%
5Y CAGR
N/A
Peak year (2021)
$4.25B
Latest annual
$2.98B
Free Cash Flow history chart for FedEx (FDX) from 1990 to 2025
Free Cash Flow history table for FedEx (FDX) from 1990 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $2.98B | -4.9% | ||
| 2024 | $3.14B | +18.7% | ||
| 2023 | $2.64B | -13.9% | ||
| 2022 | $3.07B | -27.8% | ||
| 2021 | $4.25B | -651.4% | ||
| 2020 | -$771.00M | -726.8% | ||
| 2019 | $123.00M | -112.4% | ||
| 2018 | -$989.00M | +431.7% | ||
| 2017 | -$186.00M | -120.9% | ||
| 2016 | $890.00M | -12.7% | ||
| 2015 | $1.02B | +39.4% | ||
| 2014 | $731.00M | -44.3% | ||
| 2013 | $1.31B | +58.6% | ||
| 2012 | $828.00M | +36.4% | ||
| 2011 | $607.00M | +88.5% | ||
| 2010 | $322.00M | +9.5% | ||
| 2009 | $294.00M | -45.3% | ||
| 2008 | $537.00M | -21.1% | ||
| 2007 | $681.00M | -41.2% | ||
| 2006 | $1.16B | +31.4% | ||
| 2005 | $881.00M | -49.6% | ||
| 2004 | $1.75B | +385.8% | ||
| 2003 | $360.00M | -41.3% | ||
| 2002 | $613.00M | +307.5% | ||
| 2001 | $150.42M | -7012.8% | ||
| 2000 | -$2.18M | -200.1% | ||
| 1999 | $2.17M | -101.3% | ||
| 1998 | -$173.80M | -62.5% | ||
| 1997 | -$463.10M | -0.5% | ||
| 1996 | -$465.60M | +1446.8% | ||
| 1995 | -$30.10M | -90.6% | ||
| 1994 | -$320.40M | +7.3% | ||
| 1993 | -$298.60M | -24.4% | ||
| 1992 | -$395.10M | +64.4% | ||
| 1991 | -$240.30M | -62.9% | ||
| 1990 | -$647.80M | — |
Free Cash Flow values are taken from FedEx's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
FedEx (FDX) most recent annual free cash flow stands at $2.98B (2025) – edged down 4.9% year-over-year.
FedEx free cash flow compound annual growth for the 2015–2025 (10 years) window is +11.3%, with the latest reading among the more recent periods of the dataset.
Between 2021 and 2025, FedEx free cash flow declined 29.9%, falling from $4.25B to $2.98B.
The dataset's maximum free cash flow sits at $4.25B (2021); the minimum reading of -$989.00M dates to 2018.
Within Industrials, FedEx (FDX) ranks 8th among 8 peers we track. The peer median for free cash flow is $5.45B.
FedEx Free Cash Flow by Year
FedEx Free Cash Flow 2025: $2.98B
FedEx free cash flow in 2025 was $2.98B, edged down 4.9% below 2024.
FedEx Free Cash Flow 2024: $3.14B
FedEx free cash flow in 2024 was $3.14B, grew 18.7% from 2023.
FedEx Free Cash Flow 2023: $2.64B
FedEx free cash flow in 2023 was $2.64B, declined 13.9% below 2022.
FedEx Free Cash Flow 2022: $3.07B
FedEx free cash flow in 2022 was $3.07B, declined 27.8% below 2021.
FedEx Free Cash Flow 2021: $4.25B
FedEx free cash flow in 2021 was $4.25B.
See more financial history for FedEx (FDX).
Sector peers — Free Cash Flow
Companies in the same sector as FedEx, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Caterpillar Inc. (CAT) | $10.27B | Industrials |
| RTX Corporation (RTX) | $7.94B | Industrials |
| GE Aerospace (GE) | $7.26B | Industrials |
| Union Pacific Corporation (UNP) | $5.50B | Industrials |
| Honeywell International Inc. (HON) | $5.39B | Industrials |
| Eaton Corporation plc (ETN) | $4.47B | Industrials |
| Deere & Company (DE) | $3.23B | Industrials |
| The Boeing Company (BA) | -$1.88B | Industrials |
Frequently asked questions
What is FedEx's free cash flow?
Latest reported free cash flow for FedEx (FDX) is $4.37B (period ending February 28, 2026).
How has FedEx free cash flow changed year-over-year?
FedEx (FDX) free cash flow changed -4.9% year-over-year on the latest annual filing.
What is the long-term growth rate of FedEx free cash flow?
FedEx (FDX) free cash flow compound annual growth rate is +11.3% over the most recent 10 years available.
When did FedEx free cash flow hit its highest annual value?
FedEx free cash flow reached its highest annual value of $4.25B in 2021.
What was FedEx free cash flow in 2024?
FedEx (FDX) free cash flow in 2024 was $3.14B.
What was FedEx free cash flow in 2025?
FedEx (FDX) free cash flow in 2025 was $2.98B.
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