FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

FDX
2026-05-31 · figures in $M

FCF UP

Free cash flow rose 17% to $5.1B — the highest of its last 8 readings, and covered net income 1.15×.

CASH FROM OPS +9.1%
8,925 9.4% MGN
CAPITAL EXPENDITURE +0.0%
3,809
FREE CASH FLOW +17.0%
5,116
FCF / NET INCOME +18.4%
1.15× TARGET >1.0×
Cash flow TTM 24-08 TTM 24-11 TTM 25-02 TTM 25-05 TTM 25-08 TTM 25-11 TTM 26-02 vs prior TTM YoY TTM 8Q
Net income
4,047 3,888 3,918 4,092 4,122 4,337 4,484 4,433 -1.1% +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
4,294 4,317 4,311 4,264 4,278 4,283 4,329 4,369 +0.9% +2.5% 4,369
Stock-based comp
155 151 149 154 162 169 174 177 +1.7% +14.9% 177
Cash from operations
7,269 6,813 7,215 7,036 7,565 8,198 8,179 8,925 +9.1% +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
1.80× 1.75× 1.84× 1.72× 1.84× 1.89× 1.82× 2.01× +10.4% +17.1% 2.01×
Capital expenditures
(4,653) (4,166) (3,784) (4,055) (3,911) (3,850) (3,808) (3,809) +0.0% -6.1% (3,809)
Free cash flow
2,616 2,647 3,431 2,981 3,654 4,348 4,371 5,116 +17.0% +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
3.0% 3.0% 3.9% 3.4% 4.1% 4.8% 4.8% 5.4% +13.6% +59.3% 5.4%
Cash from investing
-4,722 -4,198 -3,894 -4,092 -3,909 -3,966 -3,867 -3,911 — — -3,911
Dividends paid
1,280 1,300 1,318 1,339 1,345 1,350 1,359 1,374 +1.1% +2.6% 1,374
Share repurchases
3,000 3,520 3,017 3,017 2,517 1,793 1,296 796 -38.6% -73.6% 796
Debt repayment
115 100 93 157 748 757 782 2,049 +162.0% 13.1× 2,049
Cash from financing
-3,668 -4,217 -3,764 -4,019 -3,510 -2,802 2,029 2,749 +35.5% — 2,749
Net change in cash
-1,112 -1,700 -509 -999 223 1,541 6,553 7,809 +19.2% — 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
FROM4,371 CASH FROM OPERATIONS+746 CAPITAL EXPENDITURES-1 TO5,116
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-K FILED 2026-07-20 ↗