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). Explore capital reinvestment ratio of FedEx Corporation to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see FedEx Corporation (FDX) cash flow conversion.
Annual Free Cash Flow Generation for FedEx Corporation (1990–2025)
Year-by-year Free Cash Flow Generation Index for FedEx Corporation. Check FedEx Corporation total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |