FedEx Cash Flow Statement

Financials in millions USD. Fiscal year is June - May.

Millions USD. Fiscal year is Jun - May.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Net Income	4,433	4,092	4,331	3,972	3,826
Depreciation & Amortization	4,369	4,264	4,287	4,176	3,970
Asset Writedown & Restructuring Costs	-25	64	183	140	53
Stock-Based Compensation	177	154	163	182	190
Provision & Write-off of Bad Debts	946	521	421	696	403
Other Operating Activities	2,538	2,656	2,358	2,822	4,509
Change in Accounts Receivable	-2,247	-1,780	-270	782	-310
Change in Accounts Payable	-933	-2,460	-2,553	-3,331	-1,861
Change in Other Net Operating Assets	-333	-475	-608	-591	-948
Operating Cash Flow	8,925	7,036	8,312	8,848	9,832
Operating Cash Flow Growth	26.85%	-15.35%	-6.06%	-10.01%	-2.99%
Capital Expenditures	-3,809	-4,055	-5,176	-6,174	-6,763
Sale of Property, Plant & Equipment	97	115	114	84	94
Investment in Securities	-199	-152	-138	-84	-147
Investing Cash Flow	-3,911	-4,092	-5,200	-6,174	-6,816
Short-Term Debt Issued	742	-	-	-	-
Long-Term Debt Issued	5,289	-	-	-	-
Total Debt Issued	6,031	-	-	-	-
Long-Term Debt Repaid	-2,049	-157	-147	-152	-161
Net Debt Issued (Repaid)	3,982	-157	-147	-152	-161
Issuance of Common Stock	992	524	491	231	184
Repurchase of Common Stock	-796	-3,017	-2,500	-1,500	-2,248
Common Dividends Paid	-1,374	-1,339	-1,259	-1,177	-793
Other Financing Activities	-55	-30	-11	1	-1
Financing Cash Flow	2,749	-4,019	-3,426	-2,597	-3,019
Foreign Exchange Rate Adjustments	46	76	-41	-118	-187
Net Cash Flow	7,809	-999	-355	-41	-190
Free Cash Flow	5,116	2,981	3,136	2,674	3,069
Free Cash Flow Growth	71.62%	-4.94%	17.28%	-12.87%	-27.81%
Free Cash Flow Margin	5.40%	3.39%	3.58%	2.97%	3.28%
Free Cash Flow Per Share	21.41	12.27	12.49	10.45	11.54
Levered Free Cash Flow	5,657	3,495	2,773	3,082	1,058
Unlevered Free Cash Flow	6,263	3,988	3,239	3,516	1,488
Cash Interest Paid	881	814	744	694	695
Cash Income Tax Paid	1,912	1,250	1,433	1,043	177
Change in Working Capital	-3,513	-4,715	-3,431	-3,140	-3,119

SEC Filings: 10-K · 10-Q