Free cash flow
FedEx Free cash flow decreased by 13.1% to $1.04B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 2.3%, from $1.02B to $1.04B. Over 3 years (FY 2022 to FY 2025), Free cash flow shows relatively stable performance with a -1.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $514.00M | $425.00M | $1.01B | $1.12B | $323.00M | -$340.00M | $998.00M | $1.69B | $940.00M | $469.00M | $231.00M | $1.50B | $420.00M | $500.00M | $1.02B | $1.05B | $1.09B | $1.19B | $1.04B |
| QoQ Change | — | -17.3% | +138.1% | +10.5% | -71.1% | -205.3% | +393.5% | +69.6% | -44.5% | -50.1% | -50.7% | +547.6% | -71.9% | +19.0% | +103.0% | +3.1% | +4.5% | +9.2% | -13.1% |
| YoY Change | — | — | — | — | -37.2% | -180.0% | -1.4% | +51.4% | +191.0% | +237.9% | -76.9% | -11.6% | -55.3% | +6.6% | +339.4% | -30.1% | +160.2% | +138.8% | +2.3% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is FedEx's free cash flow?
- FedEx (FDX) reported free cash flow of $1.04B in Q4 2025.
- How has FedEx's free cash flow changed year-over-year?
- FedEx's free cash flow increased by 2.3% year-over-year, from $1.02B to $1.04B.
- What is the long-term trend for FedEx's free cash flow?
- Over 3 years (2022 to 2025), FedEx's free cash flow has grown at a -1.0% compound annual growth rate (CAGR), from $3.07B to $2.98B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.