Cash Flow Statement

Operating Cash Flow

-8%

-1%

10Y

Currency: USD

	Feb-2002	May-2002	Aug-2002	Nov-2002	Feb-2003	May-2003	Aug-2003	Nov-2003	Feb-2004	May-2004	Aug-2004	Nov-2004	Feb-2005	May-2005	Aug-2005	Nov-2005	Feb-2006	May-2006	Aug-2006	Nov-2006	Feb-2007	May-2007	Aug-2007	Nov-2007	Feb-2008	May-2008	Aug-2008	Nov-2008	Feb-2009	May-2009	Aug-2009	Nov-2009	Feb-2010	May-2010	Aug-2010	Nov-2010	Feb-2011	May-2011	Aug-2011	Nov-2011	Feb-2012	May-2012	Aug-2012	Nov-2012	Feb-2013	May-2013	Aug-2013	Nov-2013	Feb-2014	May-2014	Aug-2014	Nov-2014	Feb-2015	May-2015	Aug-2015	Nov-2015	Feb-2016	May-2016	Aug-2016	Nov-2016	Feb-2017	May-2017	Aug-2017	Nov-2017	Feb-2018	May-2018	Aug-2018	Nov-2018	Feb-2019	May-2019	Aug-2019	Nov-2019	Feb-2020	May-2020	Aug-2020	Nov-2020	Feb-2021	May-2021	Aug-2021	Nov-2021	Feb-2022	May-2022	Aug-2022	Nov-2022	Feb-2023	May-2023	Aug-2023	Nov-2023	Feb-2024	May-2024	Aug-2024	Nov-2024	Feb-2025	May-2025	Aug-2025	Nov-2025
Operating Cash Flow
Net Income	474	710	868	1 113	786	830	800	646	706	838	1 040	1 303	1 413	1 449	1 458	1 575	1 686	1 806	1 942	1 982	1 974	2 016	2 035	2 003	1 976	1 125	1 015	1 029	733	98	(105)	(253)	(111)	1 184	1 383	1 321	1 313	1 452	1 536	1 750	2 040	2 032	2 027	1 968	1 808	2 716	2 746	2 808	2 825	2 324	2 488	2 557	2 759	1 050	1 089	1 211	1 138	1 820	1 843	1 852	1 907	2 997	2 878	2 953	4 465	4 572	4 811	4 971	3 636	540	450	75	(349)	1 286	1 786	2 452	3 029	5 231	5 098	4 916	5 136	3 826	3 589	3 333	2 992	3 972	4 175	4 287	4 395	4 331	4 047	3 888	3 918	4 092	4 122	4 337
Depreciation & Amortization	1 019	1 364	1 703	2 041	1 356	1 351	1 346	1 344	1 350	1 375	1 401	1 428	1 456	1 462	1 470	1 493	1 516	1 548	1 579	1 623	1 681	1 742	1 816	1 868	1 911	1 946	1 965	1 974	1 978	1 975	1 978	1 974	1 966	1 958	1 942	1 957	1 962	1 973	2 003	2 019	2 069	2 113	2 177	2 251	2 307	2 386	2 452	2 507	2 560	2 587	2 599	2 603	2 603	2 611	2 608	2 610	2 621	2 631	2 722	2 809	2 908	2 995	3 007	3 023	3 047	3 095	3 152	3 224	3 289	3 353	3 424	3 497	3 554	3 615	3 662	3 697	3 745	3 793	3 838	3 897	3 927	3 970	4 023	4 074	4 119	4 176	4 223	4 217	4 258	4 287	4 294	4 317	4 311	4 264	4 278	4 283
Change in Deffered Taxes	0	84	0	0	0	329	0	0	0	(8)	0	(56)	(47)	63	32	183	183	187	231	127	146	37	56	63	156	124	127	169	44	299	316	274	411	331	312	421	624	669	767	807	887	1 126	1 117	1 115	925	734	701	668	633	339	228	195	309	(572)	(530)	(677)	(646)	31	184	399	217	909	833	916	(479)	(231)	(305)	(322)	933	(233)	438	695	1 275	2 449	2 286	2 767	2 711	2 887	3 240	3 118	3 365	2 931	2 821	2 807	2 858	3 472	3 426	3 310	3 188	2 919	3 008	3 081	3 131	3 156	3 057	3 004
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	103	132	157	180	101	105	103	102	99	101	101	101	101	100	99	99	98	101	102	103	105	108	109	109	109	114	116	116	117	120	125	129	133	138	140	142	144	148	151	152	154	159	164	166	167	173	172	173	174	173	170	170	168	176	185	192	200	194	191	190	190	189	186	181	182	170	170	170	163	155	151	149	154	162	169
Other Non-Cash Items	(150)	130	(94)	(88)	(796)	(729)	(637)	(404)	366	304	640	408	523	19	85	106	113	191	112	116	99	140	173	195	237	844	850	866	875	470	472	458	444	(368)	(373)	(372)	(362)	110	125	132	130	(54)	(47)	(41)	(43)	(948)	(953)	(969)	(976)	(191)	(190)	(170)	(162)	2 022	2 020	2 008	2 009	1 417	1 432	1 408	1 415	(1 457)	(1 431)	(1 372)	(1 348)	(1 647)	(1 619)	(1 598)	(1 597)	3 535	3 557	3 645	3 671	931	977	1 017	1 074	(221)	(217)	(47)	4	1 527	1 604	1 382	1 359	(255)	(468)	(464)	(550)	(316)	(294)	(141)	(107)	(329)	(245)	(204)
Cash Taxes Paid	297	312	283	146	82	53	121	277	308	364	427	596	685	824	713	806	960	880	978	1 047	1 006	1 064	1 030	989	925	816	798	564	521	509	223	32	(43)	43	328	534	538	387	380	328	282	257	62	339	369	0	642	646	716	0	802	886	852	1 113	1 038	1 184	1 180	991	948	363	350	377	391	772	747	189	193	(195)	(147)	371	336	296	29	36	104	401	1 000	1 319	1 272	1 112	1 013	177	204	470	372	1 043	933	1 214	1 388	1 433	1 503	1 575	1 462	1 250	1 272	1 500
Cash Interest Paid	161	146	162	135	131	125	132	140	143	151	145	158	153	162	151	141	140	145	136	145	141	136	161	142	131	105	74	71	66	61	102	71	94	88	72	87	93	93	82	71	60	52	54	65	66	0	99	115	121	0	160	160	196	201	244	244	289	321	325	407	437	484	494	490	514	524	574	594	592	617	578	588	630	639	657	737	721	819	787	772	722	695	699	698	696	694	707	718	735	744	735	763	788	814	851	856
Change in Working Capital	1 115	(60)	(96)	(763)	348	90	454	406	275	511	103	(84)	(97)	124	118	(344)	(122)	(56)	(306)	41	(339)	(378)	(385)	(656)	(650)	(574)	(597)	(382)	(121)	(89)	292	202	(270)	33	(228)	465	150	(163)	(326)	(510)	(525)	(382)	(396)	(908)	(203)	(200)	(232)	(435)	(752)	(795)	(808)	(379)	(350)	255	438	517	567	(191)	(743)	(579)	(1 890)	(514)	(738)	(1 727)	(2 238)	(1 115)	(1 254)	(920)	574	(1 582)	(2 392)	(2 404)	(2 583)	(3 184)	(1 528)	(1 680)	(1 348)	(1 555)	(2 391)	(2 897)	(3 359)	(2 422)	(2 682)	(2 721)	(2 425)	(2 517)	(1 885)	(1 623)	(2 230)	(2 909)	(3 786)	(4 332)	(4 038)	(4 147)	(3 647)	(3 222)
Cash from Operating Activities	2 458 N/A	2 228 -9%	2 381 +7%	2 303 -3%	1 694 -26%	1 871 +10%	1 963 +5%	1 992 +1%	2 697 +35%	3 020 +12%	3 184 +5%	2 999 -6%	3 248 +8%	3 117 -4%	3 163 +1%	3 013 -5%	3 376 +12%	3 676 +9%	3 558 -3%	3 889 +9%	3 561 -8%	3 557 0%	3 695 +4%	3 473 -6%	3 630 +5%	3 465 -5%	3 360 -3%	3 656 +9%	3 509 -4%	2 753 -22%	2 953 +7%	2 655 -10%	2 440 -8%	3 138 +29%	3 036 -3%	3 792 +25%	3 687 -3%	4 041 +10%	4 105 +2%	4 198 +2%	4 601 +10%	4 835 +5%	4 878 +1%	4 385 -10%	4 794 +9%	4 688 -2%	4 714 +1%	4 579 -3%	4 290 -6%	4 264 -1%	4 317 +1%	4 806 +11%	5 159 +7%	5 366 +4%	5 625 +5%	5 669 +1%	5 689 +0%	5 708 +0%	5 438 -5%	5 889 +8%	4 557 -23%	4 930 +8%	4 549 -8%	3 793 -17%	3 447 -9%	4 674 +36%	4 785 +2%	5 355 +12%	6 835 +28%	5 613 -18%	5 477 -2%	5 508 +1%	5 568 +1%	5 097 -8%	7 183 +41%	8 253 +15%	9 211 +12%	10 135 +10%	9 568 -6%	8 987 -6%	9 073 +1%	9 832 +8%	9 355 -5%	8 875 -5%	8 903 +0%	8 848 -1%	9 471 +7%	9 727 +3%	9 061 -7%	8 312 -8%	7 269 -13%	6 813 -6%	7 215 +6%	7 036 -2%	7 565 +8%	8 198 +8%
Investing Cash Flow
Capital Expenditures	(1 922)	(1 615)	(1 651)	(1 566)	(1 488)	(1 511)	(1 275)	(1 231)	(1 229)	(1 271)	(1 366)	(1 838)	(2 040)	(2 236)	(2 512)	(2 387)	(2 431)	(2 518)	(2 546)	(2 651)	(2 774)	(2 882)	(2 949)	(2 936)	(2 935)	(2 947)	(2 817)	(2 821)	(2 769)	(2 459)	(2 703)	(2 621)	(2 453)	(2 816)	(2 948)	(3 326)	(3 538)	(3 434)	(3 532)	(3 592)	(3 677)	(4 007)	(3 869)	(3 678)	(3 491)	(3 375)	(2 975)	(3 177)	(3 499)	(3 533)	(3 681)	(3 733)	(3 948)	(4 347)	(4 836)	(5 019)	(4 957)	(4 828)	(4 834)	(4 947)	(5 039)	(5 116)	(4 945)	(5 056)	(5 320)	(5 663)	(5 798)	(5 676)	(5 426)	(5 490)	(5 730)	(6 122)	(6 438)	(5 868)	(5 873)	(5 428)	(5 365)	(5 884)	(6 030)	(6 201)	(6 061)	(6 763)	(6 477)	(6 762)	(6 804)	(6 174)	(6 180)	(5 627)	(5 728)	(5 176)	(4 653)	(4 166)	(3 784)	(4 055)	(3 911)	(3 850)
Other Items	189	3	(9)	(8)	(11)	21	25	22	(2 395)	(2 391)	(2 396)	(2 520)	(107)	(112)	(115)	42	44	64	68	(725)	(936)	(1 242)	(1 252)	(479)	(248)	50	70	69	47	76	87	79	72	35	12	9	(77)	15	(94)	(91)	2	(42)	(407)	(406)	(386)	(428)	53	54	33	(18)	(24)	(30)	(1 454)	(1 405)	(1 399)	(1 400)	8	(4 618)	(4 619)	(4 530)	(4 495)	135	132	3	(11)	(14)	58	71	71	17	0	(32)	(30)	22	28	32	(130)	(126)	(112)	(109)	(63)	(53)	(98)	(142)	11	0	35	45	18	(24)	(69)	(32)	(110)	(37)	2	(116)
Cash from Investing Activities	(1 733) N/A	(1 612) +7%	(1 660) -3%	(1 574) +5%	(1 499) +5%	(1 490) +1%	(1 250) +16%	(1 209) +3%	(3 624) -200%	(3 662) -1%	(3 762) -3%	(4 358) -16%	(2 147) +51%	(2 348) -9%	(2 627) -12%	(2 345) +11%	(2 387) -2%	(2 454) -3%	(2 478) -1%	(3 376) -36%	(3 710) -10%	(4 124) -11%	(4 201) -2%	(3 415) +19%	(3 183) +7%	(2 897) +9%	(2 747) +5%	(2 752) 0%	(2 722) +1%	(2 383) +12%	(2 616) -10%	(2 542) +3%	(2 381) +6%	(2 781) -17%	(2 936) -6%	(3 317) -13%	(3 615) -9%	(3 419) +5%	(3 626) -6%	(3 683) -2%	(3 675) +0%	(4 049) -10%	(4 276) -6%	(4 084) +4%	(3 877) +5%	(3 803) +2%	(2 922) +23%	(3 123) -7%	(3 466) -11%	(3 551) -2%	(3 705) -4%	(3 763) -2%	(5 402) -44%	(5 752) -6%	(6 235) -8%	(6 419) -3%	(4 949) +23%	(9 446) -91%	(9 453) 0%	(9 477) 0%	(9 534) -1%	(4 981) +48%	(4 813) +3%	(5 053) -5%	(5 331) -6%	(5 677) -6%	(5 740) -1%	(5 605) +2%	(5 355) +4%	(5 473) -2%	(5 791) -6%	(6 154) -6%	(6 468) -5%	(5 846) +10%	(5 845) +0%	(5 396) +8%	(5 495) -2%	(6 010) -9%	(6 142) -2%	(6 310) -3%	(6 124) +3%	(6 816) -11%	(6 575) +4%	(6 904) -5%	(6 793) +2%	(6 174) +9%	(6 145) +0%	(5 582) +9%	(5 710) -2%	(5 200) +9%	(4 722) +9%	(4 198) +11%	(3 894) +7%	(4 092) -5%	(3 909) +4%	(3 966) -1%
Financing Cash Flow
Net Issuance of Common Stock	(39)	(89)	(132)	(135)	(90)	(105)	(140)	(162)	(144)	(64)	34	97	113	99	87	91	116	144	156	146	132	115	0	110	93	108	113	66	47	41	43	57	67	94	95	95	122	108	128	(82)	(70)	(69)	(313)	(97)	20	34	103	(612)	(3 463)	(4 300)	(4 847)	(4 219)	(1 522)	(934)	(384)	(1 215)	(2 244)	(2 539)	(2 577)	(1 670)	(578)	(172)	74	(67)	(353)	(690)	(1 354)	(1 851)	(1 723)	(1 379)	(770)	(130)	(37)	61	134	469	508	740	193	(328)	(1 839)	(2 064)	(1 518)	(2 838)	(1 353)	(1 269)	(1 693)	(647)	(1 618)	(2 009)	(2 262)	(2 800)	(2 319)	(2 493)	(2 379)	(1 659)
Net Issuance of Debt	(614)	(320)	(454)	(295)	(87)	(10)	(41)	(53)	1 419	1 280	1 298	1 250	(522)	(791)	(873)	(820)	(973)	(369)	504	506	757	148	(1 137)	(1 140)	(1 246)	(639)	(133)	(125)	983	499	(8)	(125)	(1 132)	(653)	(157)	(40)	(283)	(262)	(267)	(268)	(28)	(29)	678	563	573	1 322	632	745	2 491	1 743	0	1 745	2 490	2 486	2 471	3 708	1 206	6 478	6 481	5 214	6 409	1 108	1 108	1 373	2 214	1 442	1 751	1 916	1 004	1 027	1 838	1 553	564	4 008	3 814	3 681	3 527	(2 106)	(3 084)	(3 073)	(3 084)	(161)	(126)	(121)	(171)	(152)	(189)	(214)	(172)	(147)	(115)	(100)	(93)	(157)	249	240
Cash Paid for Dividends	0	0	(15)	(30)	(45)	(60)	(60)	(60)	(63)	(66)	(72)	(78)	(81)	(84)	(87)	(90)	(94)	(97)	(101)	(104)	(107)	(110)	(113)	(117)	(120)	(124)	(127)	(130)	(134)	(137)	(137)	(138)	(137)	(138)	(142)	(145)	(148)	(151)	(154)	(157)	(161)	(164)	(167)	(170)	(173)	(177)	(181)	(184)	(187)	(187)	(196)	(206)	(216)	(227)	(241)	(254)	(266)	(277)	(312)	(349)	(386)	(426)	(454)	(481)	(509)	(535)	(574)	(440)	(647)	(683)	(680)	(849)	(678)	(679)	(679)	(681)	(683)	(686)	(716)	(745)	(771)	(793)	(892)	(991)	(1 083)	(1 177)	(1 196)	(1 214)	(1 238)	(1 259)	(1 280)	(1 300)	(1 318)	(1 339)	(1 345)	(1 350)
Other	8	3	0	2	(7)	1	1	3	4	0	0	(1)	(2)	0	0	(2)	(1)	(2)	0	8	16	40	87	44	47	38	(11)	27	9	(3)	(18)	(15)	(4)	5	21	20	23	18	21	19	14	18	9	10	11	5	24	28	14	25	21	28	24	24	20	(7)	9	(51)	(70)	(48)	(42)	18	25	26	22	10	20	8	9	(4)	(13)	(10)	(14)	(9)	(5)	(16)	(17)	(38)	(38)	(26)	0	(1)	0	0	0	1	0	0	(7)	(11)	0	(17)	(34)	(30)	(35)	(33)
Cash from Financing Activities	(644) N/A	(406) +37%	(598) -47%	(458) +23%	(229) +50%	(174) +24%	(240) -38%	(272) -13%	1 216 N/A	1 150 -5%	1 260 +10%	1 268 +1%	(492) N/A	(776) -58%	(873) -13%	(821) +6%	(952) -16%	(324) +66%	559 N/A	556 -1%	798 +44%	193 -76%	(1 078) N/A	(1 103) -2%	(1 226) -11%	(617) +50%	(158) +74%	(162) -3%	905 N/A	400 -56%	(120) N/A	(221) -84%	(1 206) -446%	(692) +43%	(183) +74%	(70) +62%	(286) -309%	(287) 0%	(272) +5%	(488) -79%	(245) +50%	(244) +0%	207 N/A	306 +48%	431 +41%	1 184 +175%	578 -51%	(23) N/A	(1 145) -4 878%	(2 719) -137%	(3 279) -21%	(2 652) +19%	776 N/A	1 349 +74%	1 866 +38%	2 232 +20%	(1 295) N/A	3 611 N/A	3 522 -2%	3 147 -11%	5 403 +72%	528 -90%	753 +43%	851 +13%	1 374 +61%	227 -83%	(157) N/A	(367) -134%	(1 357) -270%	(1 039) +23%	375 N/A	564 +50%	(165) N/A	3 381 N/A	3 264 -3%	3 453 +6%	3 335 -3%	(2 090) N/A	(3 645) -74%	(4 172) -14%	(5 719) -37%	(3 019) +47%	(2 536) +16%	(3 950) -56%	(2 607) +34%	(2 597) +0%	(3 077) -18%	(2 075) +33%	(3 035) -46%	(3 426) -13%	(3 668) -7%	(4 217) -15%	(3 764) +11%	(4 019) -7%	(3 510) +13%	(2 802) +20%
Change in Cash
Effect of Foreign Exchange Rates	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6	8	20	20	19	4	(30)	(30)	(17)	(1)	31	23	(5)	3	7	24	41	43	(8)	0	(27)	(25)	14	(16)	5	(17)	(15)	(9)	(3)	(13)	(60)	(97)	(108)	(129)	(101)	(82)	(102)	(61)	(147)	(94)	(42)	25	118	126	72	(22)	(28)	(40)	(47)	(41)	(10)	(41)	(70)	(37)	(2)	39	171	118	(11)	(21)	(187)	(247)	(208)	(195)	(118)	(44)	13	(45)	(41)	9	(98)	(66)	76	77	111
Net Change in Cash	80 N/A	210 +161%	123 -41%	271 +120%	(34) N/A	207 N/A	473 +129%	511 +8%	289 -43%	508 +76%	682 +34%	(91) N/A	609 N/A	(7) N/A	(337) -4 714%	(153) +55%	37 N/A	898 +2 327%	1 639 +83%	1 069 -35%	649 -39%	(368) N/A	(1 576) -328%	(1 025) +35%	(759) +26%	(30) +96%	459 N/A	712 +55%	1 662 +133%	753 -55%	216 -71%	(77) N/A	(1 124) -1 360%	(340) +70%	(80) +76%	412 N/A	(190) N/A	376 N/A	250 -34%	19 -92%	681 +3 484%	515 -24%	784 +52%	621 -21%	1 332 +114%	2 074 +56%	2 353 +13%	1 418 -40%	(330) N/A	(2 009) -509%	(2 680) -33%	(1 669) +38%	436 N/A	855 +96%	1 127 +32%	1 381 +23%	(637) N/A	(229) +64%	(554) -142%	(588) -6%	332 N/A	435 +31%	514 +18%	(291) N/A	(384) -32%	(704) -83%	(1 134) -61%	(645) +43%	83 N/A	(946) N/A	20 N/A	(92) N/A	(1 106) -1 102%	2 562 N/A	4 565 +78%	6 308 +38%	7 090 +12%	2 206 -69%	(101) N/A	(1 506) -1 391%	(2 791) -85%	(190) +93%	(3) +98%	(2 187) -72 800%	(692) +68%	(41) +94%	205 N/A	2 083 +916%	271 -87%	(355) N/A	(1 112) -213%	(1 700) -53%	(509) +70%	(999) -96%	223 N/A	1 541 +591%
Free Cash Flow
Free Cash Flow	536 N/A	613 +14%	730 +19%	737 +1%	206 -72%	360 +75%	688 +91%	761 +11%	1 468 +93%	1 749 +19%	1 818 +4%	1 161 -36%	1 208 +4%	881 -27%	651 -26%	626 -4%	945 +51%	1 158 +23%	1 012 -13%	1 238 +22%	787 -36%	675 -14%	746 +11%	537 -28%	695 +29%	518 -25%	543 +5%	835 +54%	740 -11%	294 -60%	250 -15%	34 -86%	(13) N/A	322 N/A	88 -73%	466 +430%	149 -68%	607 +307%	573 -6%	606 +6%	924 +52%	828 -10%	1 009 +22%	707 -30%	1 303 +84%	1 313 +1%	1 739 +32%	1 402 -19%	791 -44%	731 -8%	636 -13%	1 073 +69%	1 211 +13%	1 019 -16%	789 -23%	650 -18%	732 +13%	880 +20%	604 -31%	942 +56%	(482) N/A	(186) +61%	(396) -113%	(1 263) -219%	(1 873) -48%	(989) +47%	(1 013) -2%	(321) +68%	1 409 N/A	123 -91%	(253) N/A	(614) -143%	(870) -42%	(771) +11%	1 310 N/A	2 825 +116%	3 846 +36%	4 251 +11%	3 538 -17%	2 786 -21%	3 012 +8%	3 069 +2%	2 878 -6%	2 113 -27%	2 099 -1%	2 674 +27%	3 291 +23%	4 100 +25%	3 333 -19%	3 136 -6%	2 616 -17%	2 647 +1%	3 431 +30%	2 981 -13%	3 654 +23%	4 348 +19%

Income Statement Balance Sheet Cash Flow Statement

FedEx Corp
F:FDX

Cash Flow Statement

Cash Flow Statement
FedEx Corp

See Also

Company

Help

Tools

Stocks

FedEx Corp F:FDX

Cash Flow Statement

Cash Flow Statement FedEx Corp

See Also

Company

Help

Tools

Stocks

FedEx Corp
F:FDX

Cash Flow Statement
FedEx Corp