FedEx

Industrials Air Freight & Logistics Memphis, Tennessee Last filing Jul 20, 2026 · FY2026

                    Revenue
                    FY2026
                
$94.7B
                    3y CAGR +1.7%
                    
                    P20
                    
                    +7.7%
                    
                    Net income
                    FY2026
                
$4.4B
                    Net margin +4.7%
                    
                    P20
                    
                    +8.3%
                    
                    Total assets
                    FY2026
                
$98.9B
                    ROA +4.5%
                    
                    P20
                    
                    +12.9%
                    
                    Operating cash flow
                    FY2026
                
$8.9B
                    FCF margin +5.4%
                    
                    P20
                    
                    +26.8%

19 yrs · FY2008–FY2026 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 10 years

Total assets $98.9B

Total liabilities ~$67.3B

Shareholders equity $31.6B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	13.5%	6.3%	7.5%	7.9%	8.0%	8.6%	6.6%	4.3%	6.2%	8.2%
Accounts Receivable	12.8%	13.0%	11.6%	11.7%	13.8%	14.6%	13.7%	16.8%	16.2%	15.7%
Inventory	0.7%	0.7%	0.7%	0.7%	0.7%	0.7%	0.8%	1.0%	1.0%	1.1%
Prepaid Expenses	1.3%	1.0%	1.2%	1.1%	1.1%	1.0%	1.1%	2.0%	2.0%	1.1%
Total Current Assets	28.2%	21.0%	20.9%	21.4%	23.7%	24.9%	22.3%	24.1%	25.5%	26.0%
Property,Plant and Equipment	42.5%	47.5%	47.7%	46.7%	44.3%	43.2%	45.7%	55.9%	53.8%	53.5%
Operating Lease Assets	17.0%	18.8%	19.7%	19.9%	19.3%	18.6%	18.9%	25.9%	—	—
Goodwill	6.8%	7.5%	7.4%	7.4%	7.6%	8.4%	8.7%	12.7%	13.3%	14.7%
Other Noncurrent Assets	5.5%	5.2%	4.3%	4.7%	5.1%	4.9%	4.4%	7.4%	7.4%	26.2%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	4.4%	4.2%	3.7%	4.4%	4.7%	4.6%	4.4%	5.6%	5.7%	5.7%
Accrued Liabilities	9.6%	8.8%	8.8%	8.3%	9.0%	9.0%	6.9%	9.2%	10.1%	10.6%
Current Portion of Long Term Debt	2.4%	1.6%	0.1%	0.1%	0.1%	0.2%	0.1%	1.8%	2.6%	0.0%
Operating Lease Liabilities	2.7%	2.9%	2.8%	2.7%	2.8%	2.7%	2.6%	—	—	—
Total Current Liabilities	19.1%	17.6%	15.3%	15.6%	16.6%	16.5%	14.1%	16.6%	18.4%	16.3%
Long Term Debt	23.5%	21.9%	23.1%	23.5%	23.5%	25.0%	29.9%	30.5%	29.1%	30.7%
Operating Lease Liabilities Noncurrent	14.7%	16.3%	17.3%	17.6%	16.8%	16.2%	16.6%	—	—	—
Deferred Tax Liabilities	3.7%	4.8%	5.2%	5.2%	4.8%	4.7%	4.3%	5.2%	—	—
Other Noncurrent Liabilities	6.9%	7.4%	7.4%	8.2%	9.3%	8.4%	10.3%	15.1%	15.4%	19.9%
Equity
Preferred Stock	0.0%	0.0%	—	—	—	—	—	—	—	—
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%
Additional Paid In Capital	4.8%	4.9%	4.6%	4.3%	4.3%	4.2%	4.6%	5.9%	6.0%	6.2%
Retained Earnings	44.9%	47.2%	44.4%	40.5%	38.1%	36.0%	34.3%	45.3%	47.4%	42.9%
Treasury Stock	16.5%	18.6%	15.8%	13.4%	12.2%	10.2%	12.5%	17.1%	15.2%	15.2%
Accumulated Other Comprehensive Income	-1.2%	-1.6%	-1.6%	-1.5%	-1.3%	-0.9%	-1.6%	-1.6%	-1.1%	-0.9%
Total Stockholders Equity	32.0%	32.0%	31.7%	29.9%	29.0%	29.2%	24.9%	32.6%	37.1%	33.1%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

15 accounts · 10 years

Revenue $94.7B

Operating income $5.5B

Net income $4.4B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	95.7%	100.3%	100.8%	103.5%	108.7%	101.4%	94.1%	128.1%	125.1%	124.2%
Expenses Selling,General and Administrative	34.2%	35.6%	35.6%	35.6%	37.3%	36.5%	34.0%	45.5%	45.5%	45.3%
Expenses Depreciation and Amortization	4.4%	4.9%	4.9%	4.8%	4.6%	4.6%	4.9%	6.2%	5.9%	6.2%
Expenses Restructuring and Asset Impairment	0.4%	0.9%	0.7%	0.4%	0.3%	0.1%	—	—	—	—
Expenses Other Operating Expenses	51.2%	53.0%	53.2%	57.1%	59.3%	53.2%	51.9%	68.2%	65.5%	35.3%
Other Income Expense Operating Income	5.5%	6.0%	6.4%	5.6%	7.3%	7.1%	3.3%	8.2%	8.2%	9.4%
Other Income Expense Interest Income	0.4%	0.4%	0.4%	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
Other Income Expense Interest Expense	1.0%	0.9%	0.9%	0.8%	0.8%	1.0%	0.9%	1.1%	1.1%	1.1%
Other Income Expense Other Income/expense	0.9%	0.7%	0.7%	1.1%	-0.8%	1.9%	-0.2%	-6.0%	1.1%	1.0%
Other Income Expense Income Before Tax	5.9%	6.2%	6.7%	6.2%	5.7%	8.1%	2.3%	1.2%	8.3%	9.4%
Income Tax Income Tax Expense	1.4%	1.5%	1.7%	1.6%	1.2%	1.7%	0.5%	0.2%	-0.4%	3.3%
net Income net Income	4.5%	4.7%	5.0%	4.6%	4.4%	6.3%	1.7%	1.0%	8.7%	6.2%
net Income Comprehensive Income	4.6%	4.7%	4.9%	4.3%	4.0%	6.8%	1.3%	0.5%	8.4%	5.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $8.9B

Investing cash flow $-3.9B

Financing cash flow $2.7B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	4.5%	4.7%	5.0%	4.6%	4.4%	6.3%	1.7%	1.0%	8.7%	6.2%
Operating Activities Depreciation and Amortization	4.4%	4.9%	4.9%	4.8%	4.6%	4.6%	4.9%	6.2%	5.9%	6.2%
Operating Activities Stock Based Compensation	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.3%	0.3%
Operating Activities Changes In Operating Assets and Liabilities	-3.6%	-5.4%	-3.9%	-3.6%	-3.6%	-2.3%	-5.6%	-4.6%	-6.6%	-4.5%
Operating Activities Other Non Cash Items	3.5%	3.7%	3.4%	4.2%	5.8%	3.4%	5.6%	7.4%	0.6%	2.0%
Operating Activities net Cash From Operating Activities	9.0%	8.0%	9.6%	10.2%	11.4%	12.2%	6.9%	10.3%	8.9%	10.2%
Investing Activities Capital Expenditures	-3.8%	-4.6%	-5.9%	-7.1%	-7.9%	-7.1%	-8.0%	-10.1%	-10.8%	-10.5%
Investing Activities Purchases of Investments	-0.7%	-0.3%	-0.2%	-0.1%	-0.2%	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	0.5%	0.1%	0.0%	0.0%	—	—	—	—	—	—
Investing Activities Other Investing Activities	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.0%	0.2%	0.3%	0.3%
Investing Activities net Cash From Investing Activities	-4.0%	-4.7%	-6.0%	-7.1%	-7.9%	-7.3%	-7.9%	-10.1%	-10.8%	-10.3%
Financing Activities Proceeds From Debt	6.1%	0.0%	0.0%	—	—	5.1%	8.9%	4.5%	2.8%	2.5%
Financing Activities Repayment of Debt	-2.1%	-0.2%	-0.2%	-0.2%	-0.2%	-7.6%	-3.5%	-2.6%	-0.1%	-0.2%
Financing Activities Repurchase of Common Stock	-0.8%	-3.4%	-2.9%	-1.7%	-2.6%	—	-0.0%	-2.8%	-1.9%	-1.0%
Financing Activities Dividends Paid	-1.4%	-1.5%	-1.4%	-1.4%	-0.9%	-0.8%	-0.9%	-1.3%	-1.0%	-0.9%
Financing Activities Proceeds From Stock Issuance	1.0%	0.6%	0.6%	0.3%	0.2%	0.9%	0.1%	0.2%	0.6%	0.7%
Financing Activities Other Financing Activities	-0.1%	-0.0%	-0.0%	0.0%	-0.0%	-0.0%	-0.0%	-0.0%	0.0%	0.0%
Financing Activities net Cash From Financing Activities	2.8%	-4.6%	-3.9%	-3.0%	-3.5%	-2.5%	4.6%	-1.9%	0.4%	1.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	0.1%	-0.0%	-0.1%	-0.2%	0.2%	-0.1%	-0.1%	0.1%	-0.1%
Cash Reconciliation net Change In Cash	7.9%	-1.1%	-0.4%	-0.0%	-0.2%	2.7%	3.5%	-1.7%	-1.3%	0.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	—	—	—	—	—	—	—	—	—	+77.4%
Operating margin	+5.8%	+5.9%	+6.3%	+5.4%	+6.7%	+7.0%	+3.5%	+6.4%	+6.5%	+7.6%
Net margin	+4.7%	+4.7%	+4.9%	+4.4%	+4.1%	+6.2%	+1.9%	+0.8%	+7.0%	+5.0%
FCF margin	+5.4%	+3.4%	+3.6%	+3.0%	+3.3%	+5.1%	-1.1%	+0.2%	-1.5%	-0.3%
Growth
Revenue CAGR (3y)	+1.7%	-2.0%	+1.5%	+9.2%	+10.3%	+8.7%	+4.7%	+11.4%	+11.3%	+9.8%
Returns
ROE	+14.0%	+14.6%	+15.7%	+15.2%	+15.3%	+21.6%	+7.0%	+3.0%	+23.5%	+18.6%
ROA	+4.5%	+4.7%	+5.0%	+4.6%	+4.4%	+6.3%	+1.7%	+1.0%	+8.7%	+6.2%
ROIC	+9.5%	+9.1%	+10.0%	+9.1%	+12.7%	+12.1%	+5.3%	+11.2%	+13.0%	+11.1%
Liquidity
Current ratio	1.48x	1.19x	1.36x	1.37x	1.43x	1.51x	1.58x	1.45x	1.39x	1.59x
Quick ratio	1.37x	1.09x	1.24x	1.25x	1.31x	1.40x	1.45x	1.27x	1.22x	1.46x
Leverage
D/E	2.13x	2.12x	2.15x	2.34x	2.45x	2.43x	3.02x	2.06x	1.70x	2.02x
Interest coverage	5.63x	6.61x	7.46x	7.08x	9.06x	7.39x	3.60x	7.60x	7.66x	8.92x
Efficiency
Asset turnover	0.96x	1.00x	1.01x	1.03x	1.09x	1.01x	0.94x	1.28x	1.25x	1.24x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	-14d

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FedEx

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