FedEx Corporation (FDX) — Free Cash Flow Generation Index
FedEx Corporation (FDX) has a Free Cash Flow Generation Index of 0.52x as of February 2026. Free cash flow of $1.04 Billion represents 1% of operating cash flow ($1.99 Billion). See FDX net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
FedEx Corporation Free Cash Flow Generation Index (1990–2025)
Historical FCF Generation Index trend for FedEx Corporation across 39 annual periods. Explore FedEx Corporation debt service capacity to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for FedEx Corporation (1990–2025)
Year-by-year Free Cash Flow Generation Index for FedEx Corporation. For the full company profile including market capitalisation, see FedEx Corporation (FDX) market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.42x | $2.98 Billion | $7.04 Billion | $4.05 Billion | ▲ +12.3% |
| 2024 | 0.38x | $3.14 Billion | $8.31 Billion | $5.18 Billion | ▲ +25.9% |
| 2023 | 0.30x | $2.64 Billion | $8.81 Billion | $6.17 Billion | ▼ -4.0% |
| 2022 | 0.31x | $3.07 Billion | $9.83 Billion | $6.76 Billion | ▼ -25.6% |
| 2021 | 0.42x | $4.25 Billion | $10.13 Billion | $5.88 Billion | ▲ +377.3% |
| 2020 | -0.15x | $-771.00 Million | $5.10 Billion | $5.87 Billion | ▼ -790.3% |
| 2019 | 0.02x | $123.00 Million | $5.61 Billion | $5.49 Billion | ▲ +110.4% |
| 2018 | -0.21x | $-989.00 Million | $4.67 Billion | $5.66 Billion | ▼ -109.3% |
| 2017 | 2.27x | $5.59 Billion | $2.46 Billion | $3.13 Billion | ▲ +6124.8% |
| 2017 | -0.04x | $-186.00 Million | $4.93 Billion | $5.12 Billion | ▼ -101.9% |
| 2016 | 2.01x | $5.81 Billion | $2.89 Billion | $2.92 Billion | ▲ +1189.4% |
| 2016 | 0.16x | $890.00 Million | $5.71 Billion | $4.82 Billion | ▼ -93.4% |
| 2015 | 2.35x | $6.15 Billion | $2.62 Billion | $3.53 Billion | ▲ +1138.1% |
| 2015 | 0.19x | $1.02 Billion | $5.37 Billion | $4.35 Billion | ▲ +10.8% |
| 2014 | 0.17x | $731.00 Million | $4.26 Billion | $3.53 Billion | ▼ -38.8% |
| 2013 | 0.28x | $1.31 Billion | $4.69 Billion | $3.38 Billion | ▲ +63.5% |
| 2012 | 0.17x | $828.00 Million | $4.83 Billion | $4.01 Billion | ▲ +14.0% |
| 2011 | 0.15x | $607.00 Million | $4.04 Billion | $3.43 Billion | ▲ +46.4% |
| 2010 | 0.10x | $322.00 Million | $3.14 Billion | $2.82 Billion | ▼ -3.9% |
| 2009 | 0.11x | $294.00 Million | $2.75 Billion | $2.46 Billion | ▼ -30.7% |
| 2008 | 0.15x | $537.00 Million | $3.48 Billion | $2.95 Billion | ▼ -19.4% |
| 2007 | 0.19x | $681.00 Million | $3.56 Billion | $2.88 Billion | ▼ -39.3% |
| 2006 | 0.32x | $1.16 Billion | $3.68 Billion | $2.52 Billion | ▲ +11.5% |
| 2005 | 0.28x | $881.00 Million | $3.12 Billion | $2.24 Billion | ▼ -51.2% |
| 2004 | 0.58x | $1.75 Billion | $3.02 Billion | $1.27 Billion | ▲ +201.0% |
| 2003 | 0.19x | $360.00 Million | $1.87 Billion | $1.51 Billion | ▼ -30.1% |
| 2002 | 0.28x | $613.00 Million | $2.23 Billion | $1.61 Billion | ▲ +273.8% |
| 2001 | 0.07x | $150.42 Million | $2.04 Billion | $1.89 Billion | ▲ +5597.1% |
| 2000 | 0.00x | $-2.18 Million | $1.63 Billion | $1.63 Billion | ▼ -209.1% |
| 1999 | 0.00x | $2.17 Million | $1.77 Billion | $1.77 Billion | ▲ +101.2% |
| 1998 | -0.10x | $-173.80 Million | $1.71 Billion | $1.88 Billion | ▲ +77.8% |
| 1997 | -0.46x | $-463.10 Million | $1.01 Billion | $1.47 Billion | ▲ +6.5% |
| 1996 | -0.49x | $-465.60 Million | $946.60 Million | $1.41 Billion | ▼ -1584.3% |
| 1995 | -0.03x | $-30.10 Million | $1.03 Billion | $1.06 Billion | ▲ +93.0% |
| 1994 | -0.42x | $-320.40 Million | $767.30 Million | $1.09 Billion | ▼ -1.4% |
| 1993 | -0.41x | $-298.60 Million | $725.10 Million | $1.02 Billion | ▲ +45.7% |
| 1992 | -0.76x | $-395.10 Million | $520.80 Million | $915.90 Million | ▼ -148.6% |
| 1991 | -0.31x | $-240.30 Million | $787.40 Million | $1.03 Billion | ▲ +75.7% |
| 1990 | -1.25x | $-647.80 Million | $516.30 Million | $1.16 Billion | — |