Existing training-based speech emotion editing methods often require substantial task-specific training and can be unstable. This motivates us to investigate whether the pretrained generative dynamics of large-scale text-to-speech (TTS) models can be directly manipulated for training-free emotion editing. To answer this question, we probe the editability of pretrained flow-matching and hybrid TTS models by constructing a controlled test set and systematically diagnosing editing effects along the generative trajectory. Our analysis reveals that pretrained TTS models are substantially editable in emotion, but such editability is architecture- and trajectory-dependent and can be disrupted by early flow-matching steps, while cross-speaker emotion transport carries additional acoustic attributes beyond emotion. To address these limitations, we propose SEmoEdit, the first training-free framework that formulates emotion editing as dynamic velocity transport between source and target emotions, enabling robust, flow-based speech emotion editing directly within pretrained TTS models. SEmoEdit unifies three core operations: emotion replacement, emotion erasure, and continuous emotion interpolation, requiring neither parameter updates nor task-specific optimization. To systematically evaluate these capabilities, we introduce SEmoEditBench, a dataset comprising 600 editing cases, and conduct extensive experiments across state-of-the-art (SOTA) models and backbones. Our results show that SEmoEdit is highly effective and broadly applicable, outperforming existing training-based and activation-steering methods. Ultimately, this work reveals that pretrained speech flows possess rich, latent emotion-editing capabilities, providing useful guidance for real applications. Code, benchmark, and Audio samples are available at https://github.com/imxtx/SEmoEdit.

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