FedEx Corporation Cash Flow Quality Index
FedEx Corporation cash flow quality index. FedEx Corporation (FDX) has a Cash Flow Quality Index of 1.89x as of February 2026. Operating cash flow of $1.99 Billion exceeds net income of $1.06 Billion, indicating high earnings quality where cash backs reported profits. Explore FDX operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of FedEx Corporation (1990–2025)
Cash flow quality index of FedEx Corporation from 1990 to 2025. Historical Cash Flow Quality Index for FedEx Corporation across 38 annual periods. Values consistently above 1.0x indicate high-quality earnings. See FDX net asset quality index to measure how much of total assets are equity-financed.
FedEx Corporation Cash Flow Quality Index by Year (1990–2025)
FedEx Corporation cash flow quality index by year from 1990 to 2025. Year-by-year earnings quality comparison for FedEx Corporation. For the full cash flow conversion analysis, see FedEx Corporation cash conversion from operations.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.72x | $7.04 Billion | $4.09 Billion | ▼ -10.4% |
| 2024 | 1.92x | $8.31 Billion | $4.33 Billion | ▼ -13.5% |
| 2023 | 2.22x | $8.81 Billion | $3.97 Billion | ▼ -13.6% |
| 2022 | 2.57x | $9.83 Billion | $3.83 Billion | ▲ +32.6% |
| 2021 | 1.94x | $10.13 Billion | $5.23 Billion | ▼ -51.1% |
| 2020 | 3.96x | $5.10 Billion | $1.29 Billion | ▼ -61.9% |
| 2019 | 10.39x | $5.61 Billion | $540.00 Million | ▲ +916.8% |
| 2018 | 1.02x | $4.67 Billion | $4.57 Billion | ▼ -53.1% |
| 2017 | 2.18x | $2.46 Billion | $1.13 Billion | ▲ +32.6% |
| 2017 | 1.64x | $4.93 Billion | $3.00 Billion | ▲ +8.3% |
| 2016 | 1.52x | $2.89 Billion | $1.90 Billion | ▼ -51.6% |
| 2016 | 3.14x | $5.71 Billion | $1.82 Billion | ▼ -18.2% |
| 2015 | 3.83x | $2.62 Billion | $682.00 Million | ▼ -25.0% |
| 2015 | 5.11x | $5.37 Billion | $1.05 Billion | ▲ +151.3% |
| 2014 | 2.03x | $4.26 Billion | $2.10 Billion | ▼ -32.3% |
| 2013 | 3.00x | $4.69 Billion | $1.56 Billion | ▲ +26.2% |
| 2012 | 2.38x | $4.83 Billion | $2.03 Billion | ▼ -14.5% |
| 2011 | 2.78x | $4.04 Billion | $1.45 Billion | ▲ +5.0% |
| 2010 | 2.65x | $3.14 Billion | $1.18 Billion | ▼ -90.6% |
| 2009 | 28.09x | $2.75 Billion | $98.00 Million | ▲ +807.1% |
| 2008 | 3.10x | $3.48 Billion | $1.12 Billion | ▲ +75.2% |
| 2007 | 1.77x | $3.56 Billion | $2.02 Billion | ▼ -13.2% |
| 2006 | 2.04x | $3.68 Billion | $1.81 Billion | ▼ -5.4% |
| 2005 | 2.15x | $3.12 Billion | $1.45 Billion | ▼ -40.3% |
| 2004 | 3.60x | $3.02 Billion | $838.00 Million | ▲ +59.9% |
| 2003 | 2.25x | $1.87 Billion | $830.00 Million | ▼ -28.2% |
| 2002 | 3.14x | $2.23 Billion | $710.00 Million | ▼ -10.3% |
| 2001 | 3.50x | $2.04 Billion | $584.37 Million | ▲ +48.1% |
| 2000 | 2.36x | $1.63 Billion | $688.34 Million | ▼ -15.9% |
| 1999 | 2.81x | $1.77 Billion | $631.33 Million | ▼ -18.1% |
| 1998 | 3.43x | $1.71 Billion | $498.15 Million | ▲ +22.8% |
| 1997 | 2.79x | $1.01 Billion | $361.20 Million | ▼ -9.3% |
| 1996 | 3.08x | $946.60 Million | $307.80 Million | ▼ -11.2% |
| 1995 | 3.46x | $1.03 Billion | $297.60 Million | ▼ -7.7% |
| 1994 | 3.75x | $767.30 Million | $204.40 Million | ▼ -43.2% |
| 1993 | 6.60x | $725.10 Million | $109.80 Million | ▼ -95.1% |
| 1991 | 133.46x | $787.40 Million | $5.90 Million | ▲ +2893.3% |
| 1990 | 4.46x | $516.30 Million | $115.80 Million | — |