FedEx Corporation (FDX) — Cash Flow Reinvestment Rate
FedEx Corporation (FDX) has a Cash Flow Reinvestment Rate of 0.48x as of February 2026, reinvesting $955.00 Million (capex $955.00 Million ) from operating cash flow of $1.99 Billion. See FDX free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
FedEx Corporation Cash Flow Reinvestment Rate (1990–2025)
Historical reinvestment intensity for FedEx Corporation across 39 annual periods. For the full cash flow conversion analysis, see FedEx Corporation (FDX) cash conversion ratio.
Annual Cash Flow Reinvestment Rate for FedEx Corporation (1990–2025)
Year-by-year capital reinvestment analysis for FedEx Corporation. See financial agility of FedEx Corporation to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.16x | $8.15 Billion | $7.04 Billion | $4.05 Billion | ▼ -7.2% |
| 2024 | 1.25x | $10.38 Billion | $8.31 Billion | $5.18 Billion | ▼ -10.9% |
| 2023 | 1.40x | $12.35 Billion | $8.81 Billion | $6.17 Billion | ▲ +99.3% |
| 2022 | 0.70x | $6.91 Billion | $9.83 Billion | $6.76 Billion | ▼ -40.1% |
| 2021 | 1.17x | $11.89 Billion | $10.13 Billion | $5.88 Billion | ▼ -48.9% |
| 2020 | 2.30x | $11.71 Billion | $5.10 Billion | $5.87 Billion | ▲ +17.7% |
| 2019 | 1.95x | $10.96 Billion | $5.61 Billion | $5.49 Billion | ▼ -19.5% |
| 2018 | 2.43x | $11.34 Billion | $4.67 Billion | $5.66 Billion | ▲ +90.6% |
| 2017 | 1.27x | $3.13 Billion | $2.46 Billion | $3.13 Billion | ▼ -37.8% |
| 2017 | 2.05x | $10.10 Billion | $4.93 Billion | $5.12 Billion | ▲ +102.6% |
| 2016 | 1.01x | $2.92 Billion | $2.89 Billion | $2.92 Billion | ▼ -59.5% |
| 2016 | 2.50x | $14.26 Billion | $5.71 Billion | $4.82 Billion | ▲ +78.1% |
| 2015 | 1.40x | $3.67 Billion | $2.62 Billion | $3.53 Billion | ▲ +73.2% |
| 2015 | 0.81x | $4.35 Billion | $5.37 Billion | $4.35 Billion | ▼ -2.2% |
| 2014 | 0.83x | $3.53 Billion | $4.26 Billion | $3.53 Billion | ▲ +15.1% |
| 2013 | 0.72x | $3.38 Billion | $4.69 Billion | $3.38 Billion | ▼ -13.1% |
| 2012 | 0.83x | $4.01 Billion | $4.83 Billion | $4.01 Billion | ▼ -2.5% |
| 2011 | 0.85x | $3.43 Billion | $4.04 Billion | $3.43 Billion | ▼ -5.3% |
| 2010 | 0.90x | $2.82 Billion | $3.14 Billion | $2.82 Billion | ▲ +0.5% |
| 2009 | 0.89x | $2.46 Billion | $2.75 Billion | $2.46 Billion | ▲ +5.6% |
| 2008 | 0.85x | $2.95 Billion | $3.48 Billion | $2.95 Billion | ▲ +4.6% |
| 2007 | 0.81x | $2.88 Billion | $3.56 Billion | $2.88 Billion | ▲ +18.1% |
| 2006 | 0.68x | $2.52 Billion | $3.68 Billion | $2.52 Billion | ▼ -4.5% |
| 2005 | 0.72x | $2.24 Billion | $3.12 Billion | $2.24 Billion | ▲ +70.4% |
| 2004 | 0.42x | $1.27 Billion | $3.02 Billion | $1.27 Billion | ▼ -47.9% |
| 2003 | 0.81x | $1.51 Billion | $1.87 Billion | $1.51 Billion | ▲ +11.4% |
| 2002 | 0.72x | $1.61 Billion | $2.23 Billion | $1.61 Billion | ▼ -21.8% |
| 2001 | 0.93x | $1.89 Billion | $2.04 Billion | $1.89 Billion | ▼ -7.5% |
| 2000 | 1.00x | $1.63 Billion | $1.63 Billion | $1.63 Billion | ▲ +0.3% |
| 1999 | 1.00x | $1.77 Billion | $1.77 Billion | $1.77 Billion | ▼ -9.4% |
| 1998 | 1.10x | $1.88 Billion | $1.71 Billion | $1.88 Billion | ▼ -24.5% |
| 1997 | 1.46x | $1.47 Billion | $1.01 Billion | $1.47 Billion | ▼ -2.2% |
| 1996 | 1.49x | $1.41 Billion | $946.60 Million | $1.41 Billion | ▲ +45.0% |
| 1995 | 1.03x | $1.06 Billion | $1.03 Billion | $1.06 Billion | ▼ -27.4% |
| 1994 | 1.42x | $1.09 Billion | $767.30 Million | $1.09 Billion | ▲ +0.4% |
| 1993 | 1.41x | $1.02 Billion | $725.10 Million | $1.02 Billion | ▼ -19.7% |
| 1992 | 1.76x | $915.90 Million | $520.80 Million | $915.90 Million | ▲ +34.7% |
| 1991 | 1.31x | $1.03 Billion | $787.40 Million | $1.03 Billion | ▼ -42.1% |
| 1990 | 2.25x | $1.16 Billion | $516.30 Million | $1.16 Billion | — |