FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Q

Three-Statement Breakdown

FDX
2026-05-31 · figures in $M

FCF UP

Free cash flow rose 73% to $1.8B — the highest of its last 8 readings, and covered net income 1.12×.

CASH FROM OPS +63.8%
3,265 13.1% MGN
CAPITAL EXPENDITURE +54.3%
1,474
FREE CASH FLOW +72.5%
1,791
FCF / NET INCOME +14.1%
1.12× TARGET >1.0×
Cash flow 24-08 24-11 25-02 25-05 25-08 25-11 26-02 QoQ YoY TTM 8Q
Net income
794 741 909 1,648 824 956 1,056 1,597 +51.2% -3.1% 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
1,078 1,063 1,066 1,057 1,092 1,068 1,112 1,097 -1.3% +3.8% 4,369
Stock-based comp
48 36 32 38 56 43 37 41 +10.8% +7.9% 177
Cash from operations
1,187 1,318 2,012 2,519 1,716 1,951 1,993 3,265 +63.8% +29.6% 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
1.49× 1.78× 2.21× 1.53× 2.08× 2.04× 1.89× 2.04× +8.3% +33.8% 2.01×
Capital expenditures
(767) (818) (997) (1,473) (623) (757) (955) (1,474) +54.3% +0.1% (3,809)
Free cash flow
420 500 1,015 1,046 1,093 1,194 1,038 1,791 +72.5% +71.2% 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
1.9% 2.3% 4.6% 4.7% 4.9% 5.1% 4.3% 7.2% +65.6% +52.1% 5.4%
Cash from investing
-802 -804 -1,054 -1,432 -619 -861 -955 -1,476 — — -3,911
Dividends paid
339 337 332 331 345 342 341 346 +1.5% +4.5% 1,374
Share repurchases
1,000 1,020 497 500 500 296 0 0 — PAUSED 796
Debt repayment
34 13 42 68 625 22 67 1,335 19.9× 19.6× 2,049
Cash from financing
-969 -1,340 -863 -847 -460 -632 3,968 -127 — — 2,749
Net change in cash
-558 -914 106 367 664 404 5,118 1,623 -68.3% 4.4× 7,809
Ending cash balance
5,943 5,029 5,135 5,502 6,166 6,570 8,008 13,311 +66.2% +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
FROM1,038 CASH FROM OPERATIONS+1,272 CAPITAL EXPENDITURES-519 TO1,791
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-K FILED 2026-07-20 ↗