FDX · Fedex Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.00B | $23.47B | $22.24B | $21.97B | $22.16B | $21.58B | $22.16B | $21.74B | $21.68B | $22.81B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $22.65B | $22.09B | $21.06B | $20.91B | $20.87B | $20.50B | $20.89B | $20.50B | $20.20B | $21.64B |
| D&A | $1.11B | $1.07B | $1.09B | $1.06B | $1.07B | $1.08B | $1.04B | $1.07B | $1.07B | $1.05B |
| Operating Income | $1.35B | $1.38B | $1.19B | $1.05B | $1.29B | $1.08B | $1.28B | $1.24B | $1.49B | $1.18B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $207.00M | $333.00M | $310.00M | $240.00M | $272.00M | $262.00M | $302.00M | $304.00M | $345.00M | $271.00M |
| Net Income | $1.06B | $956.00M | $824.00M | $741.00M | $909.00M | $794.00M | $900.00M | $879.00M | $1.08B | $788.00M |
| EPS - Basic | $3.59 | $3.28 | $2.80 | $2.47 | $3.05 | $2.61 | $2.89 | $2.86 | $3.45 | $2.48 |
| EPS - Diluted | $3.55 | $3.26 | $2.79 | $2.44 | $3.03 | $2.59 | $2.86 | $2.83 | $3.41 | $2.47 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.01B | $6.57B | $6.17B | $5.50B | $5.13B | $5.94B | $6.50B | $5.64B | $7.05B | $6.86B |
| Accounts Receivable | $11.81B | $12.16B | $11.52B | $11.37B | $10.23B | $10.31B | $10.09B | $9.90B | $10.21B | $10.19B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $4.15B | $4.66B | $4.22B | $3.69B | $3.60B | $3.74B | $3.19B | $3.78B | $3.79B | $3.85B |
| Current Assets | $25.48B | $20.65B | $19.34B | $18.39B | $17.21B | $18.09B | $18.21B | $17.42B | $18.89B | $18.61B |
| Total Assets | $94.73B | $89.18B | $88.42B | $87.63B | $85.04B | $86.71B | $87.01B | $86.11B | $87.58B | $87.14B |
| Current Liabilities | $17.29B | $16.21B | $15.52B | $15.41B | $13.90B | $14.11B | $13.36B | $13.31B | $13.81B | $13.59B |
| Long-term Debt | - | - | - | $19.90B | - | - | $19.77B | - | - | $19.78B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $29.80B | $28.14B | $27.77B | $28.07B | $26.71B | $27.18B | $27.58B | $26.38B | $26.53B | $26.09B |
| Retained Earnings | $42.86B | $42.15B | $41.54B | $41.40B | $39.75B | $38.77B | $38.65B | $37.17B | $36.02B | $35.26B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $1.72B | - | - | $1.19B | - | - | $2.23B | - |
| Investing Cash Flow | - | - | ($619.00M) | - | - | ($802.00M) | - | - | ($1.28B) | - |
| Financing Cash Flow | - | - | ($460.00M) | - | - | ($969.00M) | - | - | ($727.00M) | - |
| CapEx | - | - | $623.00M | - | - | $767.00M | - | - | $1.29B | - |
| Free Cash Flow | - | - | $1.09B | - | - | $420.00M | - | - | $940.00M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 5.6% | 5.9% | 5.3% | 4.8% | 5.8% | 5.0% | 5.8% | 5.7% | 6.8% | 5.2% |
| EBITDA margin | 10.3% | 10.4% | 10.2% | 9.6% | 10.6% | 10.0% | 10.4% | 10.6% | 11.8% | 9.7% |
| Net margin | 4.4% | 4.1% | 3.7% | 3.4% | 4.1% | 3.7% | 4.1% | 4.0% | 5.0% | 3.5% |
| Free cash flow margin | - | - | 4.9% | - | - | 1.9% | - | - | 4.3% | - |
| FCF / Net income | - | - | 1.33 | - | - | 0.53 | - | - | 0.87 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 16.4% | 25.8% | 27.3% | 24.5% | 23.0% | 24.8% | 25.1% | 25.7% | 24.2% | 25.6% |
| Return on assets | 1.1% | 1.1% | 0.9% | 0.8% | 1.1% | 0.9% | 1.0% | 1.0% | 1.2% | 0.9% |
| Return on equity | 3.5% | 3.4% | 3.0% | 2.6% | 3.4% | 2.9% | 3.3% | 3.3% | 4.1% | 3.0% |
| Return on invested capital | - | - | - | 1.7% | - | - | 2.0% | - | - | 1.9% |
| Liquidity | ||||||||||
| Current ratio | 1.47 | 1.27 | 1.25 | 1.19 | 1.24 | 1.28 | 1.36 | 1.31 | 1.37 | 1.37 |
| Quick ratio | 1.47 | 1.27 | 1.25 | 1.19 | 1.24 | 1.28 | 1.36 | 1.31 | 1.37 | 1.37 |
| Cash ratio | 0.46 | 0.41 | 0.40 | 0.36 | 0.37 | 0.42 | 0.49 | 0.42 | 0.51 | 0.50 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 0.71 | - | - | 0.72 | - | - | 0.76 |
| Debt / Assets | - | - | - | 0.23 | - | - | 0.23 | - | - | 0.23 |
| Debt / EBITDA | - | - | - | 9.41 | - | - | 8.54 | - | - | 8.90 |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 3.18 | 3.17 | 3.18 | 3.12 | 3.18 | 3.19 | 3.15 | 3.26 | 3.30 | 3.34 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.25 | 0.26 | 0.25 | 0.25 | 0.26 | 0.25 | 0.25 | 0.25 | 0.25 | 0.26 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 180d | 189d | 189d | 189d | 168d | 174d | 166d | 166d | 172d | 163d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 108.9x | 84.7x | 82.9x | 89.3x | 86.8x | 115.5x | 88.8x | 88.0x | 76.6x | 88.1x |
| P / B | 3.1x | 2.3x | 2.0x | 1.9x | 2.4x | 2.7x | 2.3x | 2.4x | 2.5x | 2.1x |
| P / S | 3.9x | 2.8x | 2.5x | 2.4x | 2.9x | 3.4x | 2.9x | 2.9x | 3.1x | 2.4x |
| EV / EBITDA | 34.3x | 23.9x | 21.4x | 32.0x | 24.8x | 31.4x | 33.5x | 24.4x | 23.2x | 30.9x |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.3% | 6.8% | 3.1% | -0.9% | 1.9% | -0.5% | -2.8% | -1.9% | -6.7% | -2.8% |
| Revenue CAGR (3y) | 2.7% | 0.9% | -1.5% | -2.2% | -2.1% | -0.6% | 2.5% | 0.4% | 3.9% | 9.6% |
| Revenue CAGR (5y) | 2.2% | 2.7% | 2.9% | 4.9% | 4.9% | 4.8% | 4.5% | 5.0% | 4.9% | 6.9% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 4.3% | 31.0% | 9.8% | -17.6% | 3.9% | -27.3% | 8.5% | 19.3% | 24.7% | -26.4% |
| Net income growth (YoY) | 16.2% | 29.0% | 3.8% | -17.7% | 3.4% | -26.3% | 14.2% | 14.0% | 23.2% | -24.5% |
| EPS growth (YoY) | 17.3% | 33.3% | 7.8% | -14.6% | 7.1% | -24.1% | 15.6% | -7.3% | 2.4% | -36.2% |
| EPS CAGR (3y) | 5.2% | 9.6% | -5.7% | -14.3% | -10.3% | -14.2% | -14.3% | -5.0% | -10.3% | 5.1% |
| EPS CAGR (5y) | 1.5% | -6.5% | -10.0% | 2.8% | 20.4% | -1.9% | -4.0% | 0.2% | 1.9% | -2.7% |
| FCF growth (YoY) | - | - | 160.2% | - | - | -55.3% | - | - | 191.0% | - |
| FCF CAGR (5y) | - | - | -2.3% | - | - | - | - | - | - | - |
| Book value growth (YoY) | 11.6% | 0.2% | 2.2% | 1.8% | 1.3% | 2.4% | 5.7% | 6.6% | 5.5% | 4.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-05-31.
Business segments
$84.20B totalFederal Express Segment$75.30B · 89.4%
Fedex Freight Segment$8.89B · 10.6%
Product / service
$213.65B totalPackage Revenue$68.51B · 32.1%
United States Domestic Package Revenue$49.41B · 23.1%
United States Ground$33.89B · 15.9%
International Export Package Revenue$14.60B · 6.8%
United States Priority$10.52B · 4.9%
International Priority$8.74B · 4.1%
International Economy$5.86B · 2.7%
Freight Revenue$5.83B · 2.7%
United States Deferred$5.01B · 2.3%
International Domestic$4.50B · 2.1%
International Priority Freight$2.32B · 1.1%
International Economy Freight$1.98B · 0.9%
United States Freight$1.54B · 0.7%
Other$966.00M · 0.5%
Geographic
$86.64B totalUS$62.92B · 72.6%
Non Us$23.72B · 27.4%
Peer comparison
Same SIC group: Air Courier Services
Comparing FEDEX CORP against the 3 most active filers in the same SIC group.
Dividends
$5.80/share trailing 12 months · +5.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 9, 2026 | $1.4500 |
| Dec 15, 2025 | $1.4500 |
| Sep 8, 2025 | $1.4500 |
| Jun 23, 2025 | $1.4500 |
| Mar 10, 2025 | $1.3800 |
| Dec 9, 2024 | $1.3800 |
| Sep 9, 2024 | $1.3800 |
| Jun 24, 2024 | $1.3800 |
| Mar 8, 2024 | $1.2600 |
| Dec 8, 2023 | $1.2600 |
| Sep 8, 2023 | $1.2600 |
| Jun 9, 2023 | $1.2600 |
| Mar 10, 2023 | $1.1500 |
| Dec 9, 2022 | $1.1500 |
| Sep 1, 2022 | $1.1500 |
| Jun 24, 2022 | $1.1500 |
| Mar 4, 2022 | $0.7500 |
| Dec 10, 2021 | $0.7500 |
| Sep 2, 2021 | $0.7500 |
| Jun 25, 2021 | $0.7500 |
| Mar 5, 2021 | $0.6500 |
| Dec 11, 2020 | $0.6500 |
| Sep 3, 2020 | $0.6500 |
| Jun 26, 2020 | $0.6500 |