FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

FDX
2026-05-31 · figures in $M

FCF UP

Free cash flow rose 72% to $5.1B — the highest of its last 8 readings, and covered net income 1.15×.

CASH FROM OPS +26.8%
8,925 9.4% MGN
CAPITAL EXPENDITURE -6.1%
3,809
FREE CASH FLOW +71.6%
5,116
FCF / NET INCOME +58.4%
1.15× TARGET >1.0×
Cash flow FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 YoY TTM 8Q
Net income
540 1,286 5,231 3,826 3,972 4,331 4,092 4,433 +8.3% 4,433 2024-08-31 · $794.0M2024-11-30 · $741.0M2025-02-28 · $909.0M2025-05-31 · $1.6B2025-08-31 · $824.0M2025-11-30 · $956.0M2026-02-28 · $1.1B2026-05-31 · $1.6B
Depreciation & amortization
3,353 3,615 3,793 3,970 4,176 4,287 4,264 4,369 +2.5% 4,369
Stock-based comp
174 168 200 190 182 163 154 177 +14.9% 177
Cash from operations
5,613 5,097 10,135 9,832 8,848 8,312 7,036 8,925 +26.8% 8,925 2024-08-31 · $1.2B2024-11-30 · $1.3B2025-02-28 · $2.0B2025-05-31 · $2.5B2025-08-31 · $1.7B2025-11-30 · $2.0B2026-02-28 · $2.0B2026-05-31 · $3.3B
Cash conversion
10.39× 3.96× 1.94× 2.57× 2.23× 1.92× 1.72× 2.01× +17.1% 2.01×
Capital expenditures
(5,490) (5,868) (5,884) (6,763) (6,174) (5,176) (4,055) (3,809) -6.1% (3,809)
Free cash flow
123 -771 4,251 3,069 2,674 3,136 2,981 5,116 +71.6% 5,116 2024-08-31 · $420.0M2024-11-30 · $500.0M2025-02-28 · $1.0B2025-05-31 · $1.0B2025-08-31 · $1.1B2025-11-30 · $1.2B2026-02-28 · $1.0B2026-05-31 · $1.8B
FCF margin
0.2% -1.1% 5.1% 3.3% 3.0% 3.6% 3.4% 5.4% +59.3% 5.4%
Cash from investing
-5,473 -5,846 -6,010 -6,816 -6,174 -5,200 -4,092 -3,911 — -3,911
Dividends paid
683 679 686 793 1,177 1,259 1,339 1,374 +2.6% 1,374
Share repurchases
NOT DISCLOSED
1,480 3 — 2,248 1,500 2,500 3,017 796 -73.6% 796
Debt repayment
1,436 2,548 6,318 161 152 147 157 2,049 13.1× 2,049
Cash from financing
-1,039 3,381 -2,090 -3,019 -2,597 -3,426 -4,019 2,749 — 2,749
Net change in cash
-946 2,562 2,206 -190 -41 -355 -999 7,809 — 7,809
Ending cash balance
2,319 4,881 7,087 6,897 6,856 6,501 5,502 13,311 +141.9% 13,311

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM2,981 CASH FROM OPERATIONS+1,889 CAPITAL EXPENDITURES+246 TO5,116
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-K FILED 2026-07-20 ↗