FedEx Corporation (FDX) FCF Payout Ratio: 25.82%
Is FedEx Corporation’s FCF payout ratio high or low?
FedEx Corporation's FCF payout ratio of 25.82% is 22% below its 5-year average of 33.08%, around the middle of its 5-year range (16.14%–44.92%).
28.05% below its 12-month average of 35.89%.
FDX FCF Payout Ratio Chart
Reported annual fiscal-period values; no daily interpolation.
FDX Average FCF Payout Ratio Chart
FDX Current vs Average FCF Payout Ratio Chart
FDX FCF Payout Ratio Metrics
FCF PAYOUT RATIO
25.82%
FCF PAYOUT RATIO AVG TTM
35.89%
FCF PAYOUT RATIO AVG 3Y
39.12%
FCF PAYOUT RATIO AVG 5Y
33.08%
FCF PAYOUT RATIO AVG 10Y
98.11%
FCF PAYOUT RATIO AVG 15Y
27.97%
FCF PAYOUT RATIO AVG 20Y
27.81%
CURRENT VS TTM AVG
-28.05%
CURRENT VS 3Y AVG
-34.00%
CURRENT VS 5Y AVG
-21.94%
CURRENT VS 10Y AVG
-73.68%
CURRENT VS 15Y AVG
-7.68%
CURRENT VS 20Y AVG
-7.14%
Payout Ratio Comparison
FCF Payout Ratio
25.8%
Earnings Payout Ratio
25.5%
Dividend Yield
1.49%
FCF Yield
5.68%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2026 | $5.12B | $1.37B | 26.9% |
| 2025 | $2.98B | $1.34B | 44.9% |
| 2024 | $3.14B | $1.26B | 40.1% |
| 2023 | $2.64B | $1.18B | 44.6% |
| 2022 | $3.07B | $793.00M | 25.8% |
| 2021 | $4.25B | $686.00M | 16.1% |
| 2020 | ($771.00M) | $679.00M | N/A (Loss) |
| 2019 | $123.00M | $683.00M | 555.3% |
| 2018 | ($989.00M) | $535.00M | N/A (Loss) |
| 2017 | ($186.00M) | $426.00M | N/A (Loss) |
| 2016 | $890.00M | $277.00M | 31.1% |
| 2015 | $1.02B | $227.00M | 22.3% |
| 2014 | $731.00M | $187.00M | 25.6% |
| 2013 | $1.31B | $177.00M | 13.5% |
| 2012 | $828.00M | $164.00M | 19.8% |
| 2011 | $607.00M | $151.00M | 24.9% |
| 2010 | $322.00M | $138.00M | 42.9% |
| 2009 | $294.00M | $137.00M | 46.6% |
| 2008 | $537.00M | $124.00M | 23.1% |
| 2007 | $681.00M | $110.00M | 16.2% |
| 2006 | $1.16B | $97.00M | 8.4% |
| 2005 | $881.00M | $84.00M | 9.5% |
| 2004 | $1.75B | $66.00M | 3.8% |
| 2003 | $360.00M | $60.00M | 16.7% |
| 2002 | $613.00M | $0 | 0.0% |
| 2001 | $150.42M | $0 | 0.0% |
| 2000 | ($2.18M) | $0 | N/A (Loss) |
| 1999 | $2.17M | $0 | 0.0% |
| 1998 | ($173.80M) | $7.79M | N/A (Loss) |
| 1997 | ($463.10M) | $0 | N/A (Loss) |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
FedEx Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
FedEx Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for FedEx Corporation (FDX)?
- The FCF payout ratio for FDX stock is 25.82%.
- Is FedEx Corporation's FCF payout ratio high or low?
- FedEx Corporation's FCF payout ratio of 25.82% is 22% below its 5-year average of 33.08%, around the middle of its 5-year range (16.14%–44.92%).
- What is the TTM average FCF payout ratio for FedEx Corporation (FDX)?
- The TTM average FCF payout ratio for FDX stock is 35.89%.
- What is the 3Y average FCF payout ratio for FedEx Corporation (FDX)?
- The 3Y average FCF payout ratio for FDX stock is 39.12%.
- What is the 5Y average FCF payout ratio for FedEx Corporation (FDX)?
- The 5Y average FCF payout ratio for FDX stock is 33.08%.
- What is the 10Y average FCF payout ratio for FedEx Corporation (FDX)?
- The 10Y average FCF payout ratio for FDX stock is 98.11%.
- What is the 15Y average FCF payout ratio for FedEx Corporation (FDX)?
- The 15Y average FCF payout ratio for FDX stock is 27.97%.
- What is the 20Y average FCF payout ratio for FedEx Corporation (FDX)?
- The 20Y average FCF payout ratio for FDX stock is 27.81%.
FedEx Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-05-31 | 26.86% |
| 2025-05-31 | 44.92% |
| 2024-05-31 | 40.15% |
| 2023-05-31 | 44.57% |
| 2022-05-31 | 25.84% |
| 2021-05-31 | 16.14% |
| 2019-05-31 | 555.28% |
| 2016-05-31 | 31.12% |
| 2015-05-31 | 22.28% |
| 2014-05-31 | 25.58% |
| 2013-05-31 | 13.48% |
| 2012-05-31 | 19.81% |
| 2011-05-31 | 24.88% |
| 2010-05-31 | 42.86% |
| 2009-05-31 | 46.60% |
| 2008-05-31 | 23.09% |
| 2007-05-31 | 16.15% |
| 2006-05-31 | 8.38% |
| 2005-05-31 | 9.53% |
| 2004-05-31 | 3.77% |
| 2003-05-31 | 16.67% |
About FedEx Corporation
FedEx Corporation is a prominent global entity that delivers an extensive array of services encompassing transportation, e-commerce solutions, and diverse business support, catering to clients both within the United States and across international borders. Its operational structure is divided into several key segments: The FedEx Express division specializes in expedited shipping, offering rapid package and freight delivery, crucial time-sensitive logistics, and comprehensive cross-border, technological, and e-commerce transportation services. FedEx Ground focuses on reliable, scheduled delivery services for both commercial clients and individual households. The FedEx Freight unit manages less-than-truckload (LTL) cargo shipments, supported by a significant infrastructure that, as of May 31, 2022, included approximately 30,000 vehicles and 400 service centers. FedEx Services provides essential internal support functions across the company, such as sales, marketing, information technology, communications, customer and technical assistance, billing, collections, and other vital administrative operations. Finally, the Corporate, Other, and Eliminations segment broadens FedEx's offerings to include integrated supply chain management, specialized transportation, customs brokerage, global ocean and air freight forwarding, document and business services, and convenient retail access points for its package delivery operations. Established in 1971, FedEx Corporation maintains its headquarters in Memphis, Tennessee.
- Sector
- Industrials
- Industry
- Integrated Freight & Logistics
- CEO
- Rajesh Subramaniam