What is FedEx's operating cash flow?

FedEx (FDX) reported operating cash flow of $3.27B in Q1 2026.

How has FedEx's operating cash flow changed year-over-year?

FedEx's operating cash flow increased by 29.6% year-over-year, from $2.52B to $3.27B.

What is the long-term trend for FedEx's operating cash flow?

Over 5 years (2021 to 2026), FedEx's operating cash flow has grown at a -2.5% compound annual growth rate (CAGR), from $10.14B to $8.93B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

FedEx FDX Operating Cash Flow

Operating Cash Flow at other companies

Pitney BowesPBI

$44.16M+365%

Old Dominion Freight LineODFL

$373.63M+11.0%

ArcBestARCB

$8.54M+136%

Forward AirFWRD

$45.74M+65.6%

AmazonAMZN

$26.03B+53.0%

United Parcel Service, Inc.UPS

$2.22B-4.1%

Other financials

Income statement

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Revenue$25.0B+12.5%

Operating income$1.6B-13.5%

Net income$1.6B-3.0%

EPS (diluted)$6.60-3.2%

Balance sheet

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Cash & equivalents$13.3B+142%

Total debt$23.3B-38.9%

Total equity$31.6B+12.7%

Total assets$107.19B+22.3%

Cash flow

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CapEx$1.5B+0.1%

Free cash flow$1.8B+71.2%

Valuation

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Market cap$78.61B+45.1%

Enterprise value$88.59B+2.1%

P/E17.7×+4.5×

P/S0.8×+0.2×

Profitability

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Gross margin76%—

Operating margin5.8%-0.2pp

Net margin4.7%0.0pp

FCF margin5.4%+2.0pp

Returns & leverage

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Return on equity14.8%+0.1pp

Debt / equity0.7×-0.6×

Current ratio1.5×+0.3×

Where this comes from

Reported directly by FedEx in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

The official record: FedEx’s 8-K, filed June 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FedEx's operating cash flow?: FedEx (FDX) reported operating cash flow of $3.27B in Q1 2026.
How has FedEx's operating cash flow changed year-over-year?: FedEx's operating cash flow increased by 29.6% year-over-year, from $2.52B to $3.27B.
What is the long-term trend for FedEx's operating cash flow?: Over 5 years (2021 to 2026), FedEx's operating cash flow has grown at a -2.5% compound annual growth rate (CAGR), from $10.14B to $8.93B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.