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 revenue.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 3 years

Total assets $98.9B

Total liabilities ~$67.3B

Shareholders equity $31.6B

Account	2026	2025	2024
Assets
Cash and Cash Equivalents	14.1%	6.3%	7.4%
Accounts Receivable	13.4%	12.9%	11.5%
Inventory	0.7%	0.7%	0.7%
Prepaid Expenses	1.3%	1.0%	1.1%
Total Current Assets	29.5%	20.9%	20.8%
Property,Plant and Equipment	44.4%	47.4%	47.3%
Operating Lease Assets	17.8%	18.7%	19.5%
Goodwill	7.1%	7.5%	7.3%
Other Noncurrent Assets	5.7%	5.2%	4.3%
Total Assets	104.5%	99.7%	99.2%
Liabilities
Accounts Payable	4.6%	4.2%	3.6%
Accrued Liabilities	10.0%	8.8%	8.7%
Current Portion of Long Term Debt	2.6%	1.6%	0.1%
Operating Lease Liabilities	2.8%	2.9%	2.8%
Total Current Liabilities	20.0%	17.5%	15.2%
Long Term Debt	24.6%	21.8%	23.0%
Operating Lease Liabilities Noncurrent	15.4%	16.2%	17.2%
Deferred Tax Liabilities	3.9%	4.8%	5.1%
Other Noncurrent Liabilities	7.3%	7.4%	7.3%
Equity
Preferred Stock	0.0%	0.0%	—
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	5.0%	4.9%	4.5%
Retained Earnings	46.9%	47.1%	44.1%
Treasury Stock	17.2%	18.5%	15.7%
Accumulated Other Comprehensive Income	-1.3%	-1.5%	-1.5%
Total Stockholders Equity	33.4%	31.9%	31.5%
Total Liabilitiesand Equity	104.5%	99.7%	99.2%

Income Statement

Revenue, expense, and profitability

15 accounts · 3 years

Revenue $94.7B

Operating income $5.5B

Net income $4.4B

Account	2026	2025	2024
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Selling,General and Administrative	35.7%	35.5%	35.3%
Expenses Depreciation and Amortization	4.6%	4.8%	4.9%
Expenses Restructuring and Asset Impairment	0.4%	0.9%	0.7%
Expenses Other Operating Expenses	53.5%	52.8%	52.8%
Other Income Expense Operating Income	5.8%	5.9%	6.3%
Other Income Expense Interest Income	0.5%	0.4%	0.4%
Other Income Expense Interest Expense	1.0%	0.9%	0.8%
Other Income Expense Other Income/expense	0.9%	0.7%	0.7%
Other Income Expense Income Before Tax	6.1%	6.2%	6.7%
Income Tax Income Tax Expense	1.4%	1.5%	1.7%
net Income net Income	4.7%	4.7%	4.9%
net Income Comprehensive Income	4.8%	4.7%	4.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $8.9B

Investing cash flow $-3.9B

Financing cash flow $2.7B

Account	2026	2025	2024
CashFlow
Operating Activities net Income	4.7%	4.7%	4.9%
Operating Activities Depreciation and Amortization	4.6%	4.8%	4.9%
Operating Activities Stock Based Compensation	0.2%	0.2%	0.2%
Operating Activities Changes In Operating Assets and Liabilities	-3.7%	-5.4%	-3.9%
Operating Activities Other Non Cash Items	3.7%	3.7%	3.4%
Operating Activities net Cash From Operating Activities	9.4%	8.0%	9.5%
Investing Activities Capital Expenditures	-4.0%	-4.6%	-5.9%
Investing Activities Purchases of Investments	-0.7%	-0.3%	-0.2%
Investing Activities Proceeds From Sale of Investments	0.5%	0.1%	0.0%
Investing Activities Other Investing Activities	0.1%	0.1%	0.1%
Investing Activities net Cash From Investing Activities	-4.1%	-4.7%	-5.9%
Financing Activities Proceeds From Debt	6.4%	0.0%	0.0%
Financing Activities Repayment of Debt	-2.2%	-0.2%	-0.2%
Financing Activities Repurchase of Common Stock	-0.8%	-3.4%	-2.9%
Financing Activities Dividends Paid	-1.5%	-1.5%	-1.4%
Financing Activities Proceeds From Stock Issuance	1.0%	0.6%	0.6%
Financing Activities Other Financing Activities	-0.1%	-0.0%	-0.0%
Financing Activities net Cash From Financing Activities	2.9%	-4.6%	-3.9%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	0.1%	-0.0%
Cash Reconciliation net Change In Cash	8.2%	-1.1%	-0.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2026	2025	2024
Profitability
Gross margin	—	—	—
Operating margin	+5.8%	+5.9%	+6.3%
Net margin	+4.7%	+4.7%	+4.9%
FCF margin	+5.4%	+3.4%	+3.6%
Growth
Revenue CAGR (3y)	+1.7%	-2.0%	+1.5%
Returns
ROE	+14.0%	+14.6%	+15.7%
ROA	+4.5%	+4.7%	+5.0%
ROIC	+9.5%	+9.1%	+10.0%
Liquidity
Current ratio	1.48x	1.19x	1.36x
Quick ratio	1.37x	1.09x	1.24x
Leverage
D/E	2.13x	2.12x	2.15x
Interest coverage	5.63x	6.61x	7.46x
Efficiency
Asset turnover	0.96x	1.00x	1.01x
Cash conversion cycle	—	—	—

Valuation

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FY2026 fundamentals · no price

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FedEx

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