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. Explore cash flow conversion of FedEx Corporation to assess how effectively this company generates cash.
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 FedEx Corporation investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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 FedEx Corporation (FDX) market capitalisation.
| 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 | — |