FedEx Corporation (FDX) — 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. Also explore how large is FedEx Corporation's balance sheet for the complete picture of this company's asset base.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
FedEx Corporation Cash Flow Quality Index (1990–2025)
Historical Cash Flow Quality Index for FedEx Corporation across 38 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check tangible equity quality of FedEx Corporation to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for FedEx Corporation (1990–2025)
Year-by-year earnings quality comparison for FedEx Corporation. For live market cap and the full company financial profile, see FDX company net worth.
| 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 | — |