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FedEx Corporation(FDX)Earnings, Financials & Key Ratios
FDX•NYSE
$377.19
$88.69B mkt cap·22.4× P/E·Price updated May 6, 2026
SectorIndustrialsIndustryFreight & LogisticsSub-IndustryAsset-Based Parcel, Express and LTL Carriers
AboutFedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences. The company's FedEx Freight segment offers less-than-truckload freight transportation services. As of May 31, 2022, this segment had approximately 30,000 vehicles and 400 service centers. Its FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office support services. The company's Corporate, Other and Eliminations segment offers integrated supply chain management solutions, specialty transportation, customs brokerage, and global ocean and air freight forwarding services; and document and business services, as well as retail access to its customers for its package transportation businesses. FedEx Corporation was founded in 1971 and is based in Memphis, Tennessee.Show more
- Revenue$87.93B+0.3%
- EBITDA$10.35B-2.8%
- Net Income$4.09B-5.5%
- EPS (Diluted)16.81-2.3%
- Gross Margin21.6%
- EBITDA Margin11.77%-3.0%
- Operating Margin6.92%-4.5%
- Net Margin4.65%-5.8%
- ROE14.7%-8.9%
- ROIC7.68%-6.2%
- Debt/Equity1.33-2.5%
- Interest Coverage7.71-9.6%
FDX Key Insights
FedEx Corporation (FDX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 26.0%
- ✓Momentum leader: RS Rating 85 (top 15%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Good 3Y average ROE of 15.5%
- ✓Share count reduced 3.2% through buybacks
- ✓Efficient asset utilization: 1.0x turnover
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
FDX Price & Volume
FedEx Corporation (FDX) stock price & volume — 10-year historical chart
Loading chart...
FDX Growth Metrics
FedEx Corporation (FDX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.36%
5 Years4.9%
3 Years-2.03%
TTM4.69%
Profit CAGR
10 Years14.57%
5 Years26.05%
3 Years2.27%
TTM14.45%
EPS CAGR
10 Years16.5%
5 Years27.96%
3 Years5.39%
TTM16.81%
Return on Capital
10 Years9.51%
5 Years8.54%
3 Years8.11%
Last Year8.34%
FDX Recent Earnings
FedEx Corporation (FDX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Mar 19, 2026EPS
$5.25
Est $4.15
+26.5%
Revenue
$24.0B
Est $23.5B
+2.2%
Q4 2025
Dec 18, 2025EPS
$4.82
Est $4.12
+17.0%
Revenue
$23.5B
Est $22.8B
+3.0%
Q4 2025
Sep 18, 2025EPS
$3.83
Est $3.60
+6.4%
Revenue
$22.2B
Est $21.6B
+2.8%
Q3 2025
Jun 24, 2025EPS
$6.07
Est $5.82
+4.3%
Revenue
$22.2B
Est $21.7B
+2.2%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 19, 2026 | $5.25vs $4.15+26.5% | $24.0Bvs $23.5B+2.2% |
| Q4 2025 | Dec 18, 2025 | $4.82vs $4.12+17.0% | $23.5Bvs $22.8B+3.0% |
| Q4 2025 | Sep 18, 2025 | $3.83vs $3.60+6.4% | $22.2Bvs $21.6B+2.8% |
| Q3 2025 | Jun 24, 2025 | $6.07vs $5.82+4.3% | $22.2Bvs $21.7B+2.2% |
Based on last 12 quarters of dataView full earnings history →
FDX Peer Comparison
FedEx Corporation (FDX) competitors in Asset-Based Parcel, Express and LTL Carriers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 UPS | 84.87B | 99.88 | 15.23 | -2.49% | 5.94% | 32.98% | 1.99 | |
 XPO | 24.84B | 211.58 | 80.14 | 1.05% | 4.19% | 19.04% | 2.53 | |
 ODFL | 41.81B | 200.62 | 41.54 | -5.48% | 18.63% | 24.03% | 0.03 | |
 SAIA | 11.99B | 449.40 | 47.21 | 0.79% | 7.84% | 10.04% | 0.16 | |
 JBHT | 23.27B | 245.95 | 40.19 | -0.73% | 4.99% | 16.78% | 0.41 | |
 CHRW | 20B | 168.59 | 34.90 | -8.42% | 3.7% | 33.32% | 0.88 | |
 EXPD | 20.11B | 151.24 | 25.42 | 4.42% | 7.48% | 36.68% | 0.24 | |
 FWRD | 572.92M | 18.36 | -5.28 | 0.84% | -4.32% | -66.68% | 13.36 |
Compare FDX vs Peers
FedEx Corporation (FDX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FDX Income Statement
FedEx Corporation (FDX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | May'17 | May'18 | May'19 | May'20 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 60.32B | 65.45B | 69.69B | 69.22B | 83.79B | 93.51B | 90.16B | 87.69B | 87.93B | 91.93B |
| Revenue Growth % | 19.76% | 8.51% | 6.48% | -0.68% | 21.06% | 11.6% | -3.59% | -2.73% | 0.27% | 4.69% |
| Cost of Goods Sold | 46.55B | 51.35B | 54.87B | 55.87B | 66B | 73.34B | 70.99B | 68.74B | 68.93B | 69.5B |
| COGS % of Revenue | 77.18% | 78.45% | 78.73% | 80.72% | 78.77% | 78.43% | 78.74% | 78.39% | 78.4% | - |
| Gross Profit | 13.77B▲ 0% | 14.1B▲ 2.4% | 14.83B▲ 5.1% | 13.34B▼ 10.0% | 17.79B▲ 33.3% | 20.17B▲ 13.4% | 19.17B▼ 5.0% | 18.95B▼ 1.1% | 19B▲ 0.2% | 22.44B▲ 0% |
| Gross Margin % | 22.82% | 21.55% | 21.27% | 19.28% | 21.23% | 21.57% | 21.26% | 21.61% | 21.6% | 24.41% |
| Gross Profit Growth % | 16.4% | 2.45% | 5.14% | -10% | 33.31% | 13.37% | -4.96% | -1.12% | 0.23% | - |
| Operating Expenses | 8.34B | 8.97B | 10.04B | 10.49B | 11.77B | 13.64B | 13.83B | 12.6B | 12.91B | 16.43B |
| OpEx % of Revenue | 13.83% | 13.71% | 14.41% | 15.16% | 14.05% | 14.59% | 15.34% | 14.36% | 14.69% | - |
| Selling, General & Admin | 8.34B | 8.97B | 10.04B | 10.49B | 11.77B | 13.64B | 13.83B | 12.6B | 12.91B | 11.54B |
| SG&A % of Revenue | 13.83% | 13.71% | 14.41% | 15.16% | 14.05% | 14.59% | 15.34% | 14.36% | 14.69% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
| Operating Income | 5.42B▲ 0% | 5.13B▼ 5.5% | 4.79B▼ 6.7% | 2.85B▼ 40.4% | 6.02B▲ 111.0% | 6.52B▲ 8.4% | 5.34B▼ 18.2% | 6.36B▲ 19.1% | 6.08B▼ 4.3% | 6.01B▲ 0% |
| Operating Margin % | 8.99% | 7.84% | 6.87% | 4.12% | 7.18% | 6.98% | 5.92% | 7.25% | 6.92% | 6.54% |
| Operating Income Growth % | 54.34% | -5.46% | -6.69% | -40.41% | 111.01% | 8.39% | -18.17% | 19.05% | -4.3% | - |
| EBITDA | 8.42B | 8.22B | 8.14B | 6.47B | 9.81B | 10.49B | 9.51B | 10.64B | 10.35B | 10.34B |
| EBITDA Margin % | 13.96% | 12.57% | 11.68% | 9.34% | 11.71% | 11.22% | 10.55% | 12.14% | 11.77% | 11.25% |
| EBITDA Growth % | 37% | -2.33% | -1.03% | -20.54% | 51.71% | 6.95% | -9.33% | 11.86% | -2.78% | -0.14% |
| D&A (Non-Cash Add-back) | 3B | 3.1B | 3.35B | 3.62B | 3.79B | 3.97B | 4.18B | 4.29B | 4.26B | 4.33B |
| EBIT | 5.09B | 4.91B | 1.24B | 2.34B | 7.47B | 5.58B | 6.06B | 6.58B | 6.23B | 6.24B |
| Net Interest Income | -479M | -510M | -529M | -617M | -741M | -636M | -496M | -375M | -426M | -378M |
| Interest Income | 33M | 48M | 59M | 55M | 52M | 53M | 198M | 370M | 363M | 0 |
| Interest Expense | 512M | 558M | 588M | 672M | 793M | 689M | 694M | 745M | 789M | 378M |
| Other Income/Expense | -846M | -776M | -4.13B | -1.18B | 656M | -1.63B | 25M | -519M | -641M | -102M |
| Pretax Income | 4.58B▲ 0% | 4.35B▼ 4.9% | 655M▼ 85.0% | 1.67B▲ 154.8% | 6.67B▲ 299.9% | 4.9B▼ 26.6% | 5.36B▲ 9.5% | 5.84B▲ 8.8% | 5.44B▼ 6.8% | 5.91B▲ 0% |
| Pretax Margin % | 7.59% | 6.65% | 0.94% | 2.41% | 7.96% | 5.24% | 5.95% | 6.65% | 6.19% | 6.43% |
| Income Tax | 1.58B | -219M | 115M | 383M | 1.44B | 1.07B | 1.39B | 1.5B | 1.35B | 1.43B |
| Effective Tax Rate % | 34.55% | -5.03% | 17.56% | 22.95% | 21.62% | 21.85% | 25.94% | 25.79% | 24.79% | 24.12% |
| Net Income | 3B▲ 0% | 4.57B▲ 52.6% | 540M▼ 88.2% | 1.29B▲ 138.1% | 5.23B▲ 306.8% | 3.83B▼ 26.9% | 3.97B▲ 3.8% | 4.33B▲ 9.0% | 4.09B▼ 5.5% | 4.48B▲ 0% |
| Net Margin % | 4.97% | 6.99% | 0.77% | 1.86% | 6.24% | 4.09% | 4.41% | 4.94% | 4.65% | 4.88% |
| Net Income Growth % | 64.67% | 52.55% | -88.19% | 138.15% | 306.77% | -26.86% | 3.82% | 9.04% | -5.52% | 14.45% |
| Net Income (Continuing) | 3B | 4.57B | 540M | 1.29B | 5.23B | 3.83B | 3.97B | 4.33B | 4.09B | 4.48B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 11.07▲ 0% | 16.81▲ 51.9% | 2.04▼ 87.9% | 4.90▲ 140.2% | 19.48▲ 297.6% | 14.36▼ 26.3% | 15.49▲ 7.9% | 17.21▲ 11.1% | 16.81▼ 2.3% | 18.45▲ 0% |
| EPS Growth % | 70.05% | 51.85% | -87.86% | 140.2% | 297.55% | -26.28% | 7.87% | 11.1% | -2.32% | 16.81% |
| EPS (Basic) | 11.24 | 17.12 | 2.06 | 4.92 | 19.77 | 14.52 | 15.61 | 17.44 | 16.96 | - |
| Diluted Shares Outstanding | 270M | 272M | 265M | 262M | 268M | 266M | 256M | 251M | 243M | 243M |
| Basic Shares Outstanding | 266M | 267M | 262M | 261M | 264M | 263M | 254M | 248M | 243M | 243M |
| Dividend Payout Ratio | 14.21% | 11.7% | 126.48% | 52.8% | 13.11% | 20.73% | 29.63% | 29.07% | 32.72% | - |
FDX Balance Sheet
FedEx Corporation (FDX) balance sheet — assets, liabilities & shareholders' equity
| Line item | May'17 | May'18 | May'19 | May'20 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 12.63B | 13.34B | 13.09B | 16.38B | 20.58B | 20.36B | 18.58B | 18.21B | 18.39B | 25.48B |
| Cash & Short-Term Investments | 3.97B | 3.27B | 2.32B | 4.88B | 7.09B | 6.9B | 6.86B | 6.5B | 5.57B | 8.01B |
| Cash Only | 3.97B | 3.27B | 2.32B | 4.88B | 7.09B | 6.9B | 6.86B | 6.5B | 5.5B | 8.01B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70M | 0 |
| Accounts Receivable | 7.6B | 8.48B | 9.12B | 10.1B | 12.07B | 11.86B | 10.19B | 10.09B | 11.37B | 11.81B |
| Days Sales Outstanding | 45.98 | 47.3 | 47.74 | 53.27 | 52.57 | 46.3 | 41.25 | 41.98 | 47.19 | 46.5 |
| Inventory | 514M | 525M | 553M | 572M | 587M | 637M | 604M | 614M | 602M | 631M |
| Days Inventory Outstanding | 4.03 | 3.73 | 3.68 | 3.74 | 3.25 | 3.17 | 3.11 | 3.26 | 3.19 | 3.24 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 929M | 1B | 13M | 3.68B |
| Total Non-Current Assets | 35.92B | 38.99B | 41.32B | 57.15B | 62.2B | 65.63B | 68.53B | 68.8B | 69.24B | 69.26B |
| Property, Plant & Equipment | 25.98B | 28.15B | 30.43B | 47.52B | 51.13B | 54.7B | 58.05B | 58.61B | 58.09B | 41.54B |
| Fixed Asset Turnover | 2.32x | 2.32x | 2.29x | 1.46x | 1.64x | 1.71x | 1.55x | 1.50x | 1.51x | 1.85x |
| Goodwill | 7.15B | 6.97B | 6.88B | 6.37B | 6.99B | 6.54B | 6.43B | 6.42B | 6.6B | 6.76B |
| Intangible Assets | 529M | 480M | 416M | 322M | 352M | 301M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 506M | 1.04B |
| Other Non-Current Assets | 2.26B | 3.38B | 3.59B | 2.94B | 3.72B | 4.08B | 4.05B | 2.46B | 4.04B | 49.69B |
| Total Assets | 48.55B▲ 0% | 52.33B▲ 7.8% | 54.4B▲ 4.0% | 73.54B▲ 35.2% | 82.78B▲ 12.6% | 85.99B▲ 3.9% | 87.11B▲ 1.3% | 87.01B▼ 0.1% | 87.63B▲ 0.7% | 94.73B▲ 0% |
| Asset Turnover | 1.24x | 1.25x | 1.28x | 0.94x | 1.01x | 1.09x | 1.03x | 1.01x | 1.00x | 1.02x |
| Asset Growth % | 5.4% | 7.78% | 3.96% | 35.17% | 12.57% | 3.89% | 1.3% | -0.12% | 0.71% | 18.4% |
| Total Current Liabilities | 7.92B | 9.63B | 9.01B | 10.34B | 13.66B | 14.27B | 13.59B | 13.36B | 15.41B | 17.29B |
| Accounts Payable | 2.75B | 2.98B | 3.03B | 3.27B | 3.84B | 4.03B | 3.85B | 3.19B | 3.69B | 4.15B |
| Days Payables Outstanding | 21.58 | 21.16 | 20.16 | 21.36 | 21.24 | 20.06 | 19.79 | 16.93 | 19.55 | 21.97 |
| Short-Term Debt | 22M | 1.34B | 964M | 0 | 50M | 50M | 126M | 68M | 1.43B | 2.42B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.48B | 1.68B | 1.32B | 1.13B | 2.28B | 1.78B | 1.65B | 1.92B | 1.65B | 0 |
| Current Ratio | 1.59x | 1.39x | 1.45x | 1.58x | 1.51x | 1.43x | 1.37x | 1.36x | 1.19x | 1.19x |
| Quick Ratio | 1.53x | 1.33x | 1.39x | 1.53x | 1.46x | 1.38x | 1.32x | 1.32x | 1.15x | 1.15x |
| Cash Conversion Cycle | 28.44 | 29.87 | 31.26 | 35.65 | 34.58 | 29.42 | 24.57 | 28.31 | 30.83 | 27.77 |
| Total Non-Current Liabilities | 24.56B | 23.29B | 27.63B | 44.9B | 44.95B | 46.78B | 47.47B | 46.07B | 44.14B | 47.64B |
| Long-Term Debt | 14.91B | 15.24B | 16.62B | 21.52B | 20.3B | 19.75B | 20.45B | 20.14B | 19.15B | 22.83B |
| Capital Lease Obligations | 0 | 0 | 0 | 12.63B | 13.8B | 14.92B | 15.36B | 15.05B | 14.27B | 56.51B |
| Deferred Tax Liabilities | 2.48B | 2.87B | 2.82B | 3.16B | 3.93B | 4.09B | 4.49B | 4.48B | 4.21B | 15.99B |
| Other Non-Current Liabilities | 7.03B | 5.06B | 8.1B | 7.59B | 6.91B | 8.02B | 7.16B | 6.4B | 6.51B | 26.67B |
| Total Liabilities | 32.48B | 32.91B | 36.65B | 55.24B | 58.61B | 61.05B | 61.05B | 59.42B | 59.55B | 64.93B |
| Total Debt | 14.93B | 16.59B | 17.58B | 36.12B | 36.46B | 37.19B | 38.33B | 37.72B | 37.42B | 42.02B |
| Net Debt | 10.96B | 13.32B | 15.26B | 31.24B | 29.38B | 30.3B | 31.48B | 31.22B | 31.91B | 34.01B |
| Debt / Equity | 0.93x | 0.85x | 0.99x | 1.97x | 1.51x | 1.49x | 1.47x | 1.37x | 1.33x | 1.33x |
| Debt / EBITDA | 1.77x | 2.02x | 2.16x | 5.59x | 3.72x | 3.54x | 4.03x | 3.54x | 3.62x | 4.06x |
| Net Debt / EBITDA | 1.30x | 1.62x | 1.88x | 4.83x | 2.99x | 2.89x | 3.31x | 2.93x | 3.08x | 3.08x |
| Interest Coverage | 10.60x | 9.19x | 8.14x | 4.24x | 7.59x | 9.47x | 7.69x | 8.53x | 7.71x | 16.50x |
| Total Equity | 16.07B▲ 0% | 19.42B▲ 20.8% | 17.76B▼ 8.5% | 18.3B▲ 3.0% | 24.17B▲ 32.1% | 24.94B▲ 3.2% | 26.09B▲ 4.6% | 27.58B▲ 5.7% | 28.07B▲ 1.8% | 29.8B▲ 0% |
| Equity Growth % | 16.61% | 20.8% | -8.54% | 3.03% | 32.1% | 3.19% | 4.61% | 5.73% | 1.78% | 21.91% |
| Book Value per Share | 59.53 | 71.38 | 67.01 | 69.83 | 90.18 | 93.76 | 101.91 | 109.89 | 115.53 | 122.65 |
| Total Shareholders' Equity | 16.07B | 19.42B | 17.76B | 18.3B | 24.17B | 24.94B | 26.09B | 27.58B | 28.07B | 29.8B |
| Common Stock | 32M | 32M | 32M | 32M | 32M | 32M | 32M | 32M | 32M | 32M |
| Retained Earnings | 20.83B | 24.82B | 24.65B | 25.22B | 29.82B | 32.78B | 35.26B | 38.65B | 41.4B | 42.86B |
| Treasury Stock | -7.38B | -7.98B | -9.29B | -9.16B | -8.43B | -10.48B | -11.64B | -13.73B | -16.29B | -16.49B |
| Accumulated OCI | -415M | -578M | -865M | -1.15B | -732M | -1.1B | -1.33B | -1.36B | -1.36B | -1.22B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
FDX Cash Flow Statement
FedEx Corporation (FDX) cash flow — operating, investing & free cash flow history
| Line item | May'17 | May'18 | May'19 | May'20 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 4.93B | 4.67B | 5.61B | 5.1B | 10.13B | 9.83B | 8.81B | 8.31B | 7.04B | 7.04B |
| Operating CF Margin % | 8.17% | 7.14% | 8.05% | 7.36% | 12.1% | 10.51% | 9.78% | 9.48% | 8% | - |
| Operating CF Growth % | -13.63% | -5.19% | 20.09% | -9.19% | 98.84% | -2.99% | -10.34% | -5.71% | -15.35% | 85.01% |
| Net Income | 3B | 4.57B | 540M | 1.29B | 5.23B | 3.83B | 3.97B | 4.33B | 4.09B | 4.48B |
| Depreciation & Amortization | 3B | 3.1B | 3.35B | 3.62B | 3.79B | 3.97B | 4.18B | 4.29B | 4.26B | 4.33B |
| Stock-Based Compensation | 154M | 167M | 174M | 168M | 200M | 190M | 182M | 163M | 154M | 174M |
| Deferred Taxes | 909M | -231M | -233M | 1.06B | 2.89B | 2.93B | -182M | 0 | 0 | 0 |
| Other Non-Cash Items | 77M | 531M | 4.27B | 3.06B | -104M | 2.03B | 3.84B | 2.96B | 3.24B | -207M |
| Working Capital Changes | -2.2B | -3.46B | -2.49B | -4.09B | -1.87B | -3.12B | -3.17B | -3.43B | -4.71B | -601M |
| Change in Receivables | -556M | -1.05B | -873M | -1.33B | -1.39B | -310M | 782M | -270M | -1.78B | -2.18B |
| Change in Inventory | 78M | -135M | 873M | 1.33B | 1.39B | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 103M | 141M | -571M | -1.79B | 71M | -1.86B | -3.33B | -2.55B | -2.44B | -1.21B |
| Cash from Investing | -4.98B | -5.68B | -5.47B | -5.85B | -6.01B | -6.82B | -6.17B | -5.2B | -4.09B | -3.87B |
| Capital Expenditures | -5.12B | -5.66B | -5.49B | -5.87B | -5.88B | -6.76B | -6.17B | -5.18B | -4.05B | -3.81B |
| CapEx % of Revenue | 8.48% | 8.65% | 7.88% | 8.48% | 7.02% | 7.23% | 6.85% | 5.9% | 4.61% | - |
| Acquisitions | 135M | -56M | -66M | 22M | -228M | 94M | 84M | 114M | 115M | 73M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 35M | 42M | 83M | 0 | 102M | 94M | 84M | 0 | 0 | 73M |
| Cash from Financing | 528M | 227M | -1.04B | 3.38B | -2.09B | -3.02B | -2.6B | -3.43B | -4.02B | 2.03B |
| Debt Issued (Net) | 1.11B | 1.44B | 1.03B | 4.01B | -2.11B | -161M | -152M | -147M | -157M | 282M |
| Equity Issued (Net) | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -3M |
| Dividends Paid | -426M | -535M | -683M | -679M | -686M | -793M | -1.18B | -1.26B | -1.34B | -1.36B |
| Share Repurchases | -509M | -1.02B | -1.48B | -3M | 0 | -2.25B | -1.5B | -2.5B | -3.02B | -1.3B |
| Other Financing | 355M | 337M | 97M | -9M | -38M | -1M | 1M | -11M | -30M | 4.3B |
| Net Change in Cash | 435M▲ 0% | -704M▼ 261.8% | -946M▼ 34.4% | 2.56B▲ 370.8% | 2.21B▼ 13.9% | -190M▼ 108.6% | -74M▲ 61.1% | -355M▼ 379.7% | -999M▼ 181.4% | 6.55B▲ 0% |
| Free Cash Flow | -186M▲ 0% | -989M▼ 431.7% | 123M▲ 112.4% | -771M▼ 726.8% | 4.25B▲ 651.4% | 3.07B▼ 27.8% | 2.64B▼ 13.9% | 3.14B▲ 18.7% | 2.98B▼ 4.9% | 4.37B▲ 0% |
| FCF Margin % | -0.31% | -1.51% | 0.18% | -1.11% | 5.07% | 3.28% | 2.93% | 3.58% | 3.39% | 4.75% |
| FCF Growth % | -120.9% | -431.72% | 112.44% | -726.83% | 651.36% | -27.81% | -13.95% | 18.74% | -4.94% | 27.4% |
| FCF per Share | -0.69 | -3.64 | 0.46 | -2.94 | 15.86 | 11.54 | 10.32 | 12.49 | 12.27 | 12.27 |
| FCF Conversion (FCF/Net Income) | 1.64x | 1.02x | 10.39x | 3.96x | 1.94x | 2.57x | 2.22x | 1.92x | 1.72x | 0.97x |
| Interest Paid | 484M | 524M | 617M | 639M | 819M | 695M | 694M | 744M | 814M | 650M |
| Taxes Paid | 397M | 760M | 407M | 389M | 1.37B | 751M | 1.1B | 1.55B | 1.28B | -1.23B |
FDX Key Ratios
FedEx Corporation (FDX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 20.08% | 25.77% | 2.91% | 7.13% | 24.64% | 15.58% | 15.57% | 16.14% | 14.7% | 15.76% |
| Return on Invested Capital (ROIC) | 15.91% | 12.87% | 10.92% | 5.18% | 8.76% | 8.99% | 7.1% | 8.19% | 7.68% | 7.68% |
| Gross Margin | 22.82% | 21.55% | 21.27% | 19.28% | 21.23% | 21.57% | 21.26% | 21.61% | 21.6% | 24.41% |
| Net Margin | 4.97% | 6.99% | 0.77% | 1.86% | 6.24% | 4.09% | 4.41% | 4.94% | 4.65% | 4.88% |
| Debt / Equity | 0.93x | 0.85x | 0.99x | 1.97x | 1.51x | 1.49x | 1.47x | 1.37x | 1.33x | 1.33x |
| Interest Coverage | 10.60x | 9.19x | 8.14x | 4.24x | 7.59x | 9.47x | 7.69x | 8.53x | 7.71x | 16.50x |
| FCF Conversion | 1.64x | 1.02x | 10.39x | 3.96x | 1.94x | 2.57x | 2.22x | 1.92x | 1.72x | 0.97x |
| Revenue Growth | 19.76% | 8.51% | 6.48% | -0.68% | 21.06% | 11.6% | -3.59% | -2.73% | 0.27% | 4.69% |
FDX SEC Filings & Documents
FedEx Corporation (FDX) SEC filings — annual & quarterly reports (10-K, 10-Q)
FDX Frequently Asked Questions
FedEx Corporation (FDX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
FedEx Corporation (FDX) reported $91.93B in revenue for fiscal year 2025. This represents a 795% increase from $10.27B in 1996.
FedEx Corporation (FDX) grew revenue by 0.3% over the past year. Growth has been modest.
Yes, FedEx Corporation (FDX) is profitable, generating $4.48B in net income for fiscal year 2025 (4.7% net margin).
Dividend & Returns
Yes, FedEx Corporation (FDX) pays a dividend with a yield of 1.46%. This makes it attractive for income-focused investors.
FedEx Corporation (FDX) has a return on equity (ROE) of 14.7%. This is reasonable for most industries.
FedEx Corporation (FDX) generated $4.37B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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