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FedEx FDX

US equityMarket cap rank #247Integrated Freight & Logistics
$281.65
−$9.85 (-3.38%)
Market open · Sep 24, 2:00 pm ET
After hours $292.00 +0.17%
Open$290.91
Prev close$291.50
Day range$280.83 – $291.34
Volume1.20M
Market cap$66.66B
P/E (TTM)15.2
Dividend yield2.06%

Fundamentals

Latest reported quarter: Q4, ended May 2026

Revenue$25.01B+12.5% YoY
Operating profit$2.09B+6.0% YoY
Net profit$1.60B-3.1% YoY
Diluted EPS$6.60-4.1% YoY
Free cash flow$1.79B+71.2% YoY
Operating cash flow$3.27B

Revenue, last 8 quarters

$21.6BAug '24$22.0BNov '24$22.2BFeb '25$22.2BMay '25$22.2BAug '25$23.5BNov '25$24.0BFeb '26$25.0BMay '26

Net profit, last 8 quarters

$794.0MAug '24$741.0MNov '24$909.0MFeb '25$1.6BMay '25$824.0MAug '25$956.0MNov '25$1.1BFeb '26$1.6BMay '26

Diluted EPS by quarter

3.21Aug '243.03Nov '243.76Feb '256.88May '253.46Aug '254.04Nov '254.41Feb '266.60May '26

Free cash flow by quarter

$420.0MAug '24$500.0MNov '24$1.0BFeb '25$1.0BMay '25$1.1BAug '25$1.2BNov '25$1.0BFeb '26$1.8BMay '26

Annual revenue

$84.0BFY21$93.5BFY22$90.2BFY23$87.7BFY24$87.9BFY25$94.7BFY26

Profitability & balance sheet

Gross margin21.8%
Operating margin7.0%
Net margin4.7%
Return on equity14.8%
Return on assets4.7%
Return on invested capital6.9%
Current ratio1.48
Liabilities / assets68.0%
Cash & investments$13.31B
Total debt$40.26B
Net cash (debt)-$26.95B
Free cash flow / sales5.4%

Where the revenue comes from

Quarter 2026/FY

By business line

  • Federal Express segment$82.27B 86.9%
  • FedEx Freight Segment$8.80B 9.3%
  • Corporate, Other and Eliminations$3.65B 3.9%

By region

  • U.S.$67.94B 71.7%
  • International$26.78B 28.3%

Income statement

Line item 2026 ANNUAL 2026 Q4 2026 Q3 2026 Q2 2026 Q1
Total Revenue as Reported $94.72B $25.01B $24.00B $23.47B $22.24B
Total Operating Revenue $94.72B $25.01B $24.00B $23.47B $22.24B
Cost of Revenue $74.10B $19.33B $18.88B $18.34B $17.55B
Gross Profit $20.62B $5.67B $5.12B $5.13B $4.69B
Operating Expense $14.00B $3.58B $3.51B $3.51B $3.40B
Other Operating Expenses $14.00B $3.58B $3.51B $3.51B $3.40B
Operating Profit $6.62B $2.09B $1.62B $1.62B $1.30B
Net Non-Operating Interest Income (Expense) -$533.00M -$141.00M -$138.00M -$135.00M -$119.00M
Non-Operating Interest Income $437.00M – – – –
Non-Operating Interest Expense $970.00M – – – –
Other Income (Expense) -$297.00M $159.00M -$214.00M -$197.00M -$45.00M
Special Income (Charges) -$1.16B -$538.00M -$267.00M -$243.00M -$112.00M
-Less:Restructuring and Mergern & Acquisition $1.14B $515.00M $267.00M $243.00M $112.00M
-Less:Impairment of Capital Assets $23.00M – – – –
Other Non-Operating Income (Expenses) $863.00M $697.00M $53.00M $46.00M $67.00M
Pretax Profit $5.79B $2.11B $1.26B $1.29B $1.13B
Tax $1.36B $510.00M $207.00M $333.00M $310.00M
Net Profit $4.43B $1.60B $1.06B $956.00M $824.00M
Profit from Continuing Operations $4.43B $1.60B $1.06B $956.00M $824.00M
Net Income to Parent Company $4.43B $1.60B $1.06B $956.00M $824.00M
Other Preferred Stock Dividends $7.00M $2.00M $2.00M $1.00M $1.00M
Net Income to Common Stockholders $4.43B $1.60B $1.05B $955.00M $823.00M
Basic EPS $18.71 $6.63 $4.46 $4.07 $3.48
Diluted EPS $18.55 $6.60 $4.41 $4.04 $3.46
Dividend Per Share $5.80 $1.45 $1.45 $1.45 $1.45
Total Other Finance Costs – – $138.00M $135.00M $119.00M

Balance sheet

Line item 2026 ANNUAL 2026 Q4 2026 Q3 2026 Q2 2026 Q1
Total Assets $98.94B $98.94B $94.73B $89.18B $88.42B
Total Current Assets $27.90B $27.90B $25.48B $20.65B $19.34B
Cash and Cash Equivalents & Short-Term Investments $13.31B $13.31B $8.01B $6.57B $6.17B
-Cash and Cash Equivalents $13.31B $13.31B $8.01B $6.57B $6.17B
Receivables $12.67B $12.67B $11.81B $12.16B $11.52B
-Accounts Receivable $12.67B $12.67B $11.81B $12.16B $11.52B
Inventory $669.00M $669.00M $631.00M $631.00M $604.00M
Other Current Assets $1.25B $1.25B $1.35B $1.29B $1.06B
Total Non-Current Assets $71.03B $71.03B $69.26B $68.53B $69.07B
Net PPE $58.87B $58.87B $57.93B $57.51B $57.75B
-Gross PPE $107.75B $107.75B $106.50B $105.05B $104.49B
-Accumulated Depreciation -$48.88B -$48.88B -$48.57B -$47.54B -$46.74B
Goodwill and Other Intangible Assets $6.73B $6.73B $6.76B $6.63B $6.67B
-Goodwill $6.73B $6.73B $6.76B $6.63B $6.67B
Other Non-Current Assets $5.44B $5.44B $4.57B $4.40B $4.65B
Total Liabilities $67.29B $67.29B $64.93B $61.04B $60.65B
Total Current Liabilities $18.91B $18.91B $17.29B $16.21B $15.52B
Payables $4.72B $4.72B $4.15B $4.66B $4.22B
-Accounts Payable $4.33B $4.33B $4.15B $4.66B $4.22B
-Total Tax Payable $392.00M $392.00M – – –
Current Accrued Expenses $6.78B $6.78B $8.09B $8.03B $7.83B
Short-Term Debt and Capital Lease Obligation $5.10B $5.10B $5.05B $3.52B $3.47B
-Current Debt $2.42B $2.42B $2.42B $901.00M $883.00M
-Current Capital Lease Obligation $2.68B $2.68B $2.62B $2.62B $2.59B
Total Non-Current Liabilities $48.38B $48.38B $47.64B $44.83B $45.12B
Non-Current Accrued Expenses $4.41B $4.41B $4.32B $4.23B $4.13B
Long Term Debt and Capital Lease Obligation $37.84B $37.84B $36.98B $34.24B $34.43B
-Long Term Debt $23.29B $23.29B $22.83B $20.29B $20.29B
-Long Term Capital Lease Obligation $14.55B $14.55B $14.15B $13.95B $14.14B
Non-Current Deferred Liabilities $3.66B $3.66B $3.84B $3.90B $4.05B
Employee Benefits $1.63B $1.63B $1.68B $1.67B $1.69B
Other Non-Current Liabilities $834.00M $834.00M $823.00M $790.00M $817.00M
Total Equity $31.65B $31.65B $29.80B $28.14B $27.77B
Stockholders' Equity $31.65B $31.65B $29.80B $28.14B $27.77B
Capital Stock $32.00M $32.00M $32.00M $32.00M $32.00M
-Common Stock $32.00M $32.00M $32.00M $32.00M $32.00M
-Preferred Stock $0.00 $0.00 – – –
Additional Paid-In Capital $4.72B $4.72B $4.61B $4.37B $4.33B
Retained Earnings $44.46B $44.46B $42.86B $42.15B $41.54B
Less: Treasury Stock $16.34B $16.34B $16.49B $17.00B $16.76B
Gains/Losses Not Affecting Retained Earnings -$1.23B -$1.23B -$1.22B -$1.41B -$1.37B
Restricted Cash – – $3.68B – –

Cash flow

Line item 2026 ANNUAL 2026 Q4 2026 Q3 2026 Q2 2026 Q1
Operating Cash Flow $8.93B $3.27B $1.99B $1.95B $1.72B
Net cash flow from continuing operations $8.93B $3.27B $1.99B $1.95B $1.72B
Net Income from Continuing Operations $4.43B $1.60B $1.06B $956.00M $824.00M
Gain/Loss from Continuing Operations -$647.00M – – – –
Depreciation & Depletion & Amortization $4.37B $1.10B $1.11B $1.07B $1.09B
Other Non-Cash Items $3.14B $940.00M $744.00M $818.00M $635.00M
Change in Working Capital -$3.51B -$38.00M -$1.18B -$1.18B -$1.11B
-Change in Receivables -$2.25B -$1.16B $225.00M -$979.00M -$336.00M
-Change in Payables and Accrued Expense -$933.00M $1.21B -$1.42B -$154.00M -$571.00M
-Change in Other Current Assets -$121.00M $120.00M $12.00M -$93.00M -$160.00M
-Change In Other Working Capital -$212.00M – – $42.00M -$43.00M
Net cash flow from investing -$3.91B -$1.48B -$955.00M -$861.00M -$619.00M
Net Cash Flow from Continuing Investing Activities -$3.91B -$1.48B -$955.00M -$861.00M -$619.00M
Capital Expenditure -$3.81B -$1.47B -$955.00M -$757.00M -$623.00M
Net Investment Purchase and Sale -$199.00M -$26.00M -$24.00M -$145.00M -$4.00M
Net Other Investing Changes $97.00M $24.00M $24.00M $41.00M $8.00M
Financing Cash Flow $2.75B -$127.00M $3.97B -$632.00M -$460.00M
Net Cash Flow from Continuing Financing Activities $2.75B -$127.00M $3.97B -$632.00M -$460.00M
Net Issuance Payments Of Debt $3.98B $7.00M $3.63B -$22.00M $372.00M
Net Common Stock Issuance $196.00M $218.00M $724.00M -$264.00M -$482.00M
Cash Dividends Paid -$1.37B -$346.00M -$341.00M -$342.00M -$345.00M
Net Other Financing Charges -$55.00M -$6.00M -$40.00M -$4.00M -$5.00M
Ending Cash Balance $13.31B $13.31B $11.69B $6.57B $6.17B
Net Change in Cash $7.76B $1.66B $5.01B $458.00M $637.00M
Beginning Cash Balance $5.50B $11.69B $6.57B $6.17B $5.50B
Effect of Exchange Rate Changes $46.00M -$39.00M $112.00M -$54.00M $27.00M
Free Cash Flow $5.12B $1.79B $1.04B $1.19B $1.09B
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