FedEx Corporation
FDXNYSECIK 1048911Industrials / Trucking, Shipping & Logisticsfiscal year ends May73 quarters since 2008
Latest quarter Q2 FY2027, filed October 28, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.
The last 16 quarters
Q2 FY2023 to Q2 FY2027, through the filing of October 28, 2026.
Net income losses drawn in red.
Operating cash flow less capital expenditures; negative quarters in red.
Positions at each quarter end, as filed; short-term investments are not included.
Income statement
Last eight quarters, newest first, through Q2 FY2027 filed October 28, 2026.
| Millions of dollars | Q2 FY2027ended Sep 30, 2026filed Oct 28, 2026 | Q4 FY2026ended May 31, 2026filed Jul 20, 2026 | Q3 FY2026ended Feb 28, 2026filed Mar 19, 2026 | Q2 FY2026ended Nov 30, 2025filed Dec 18, 2025 | Q1 FY2026ended Aug 31, 2025filed Sep 18, 2025 | Q4 FY2025ended May 31, 2025filed Jul 21, 2025 | Q3 FY2025ended Feb 28, 2025filed Mar 20, 2025 | Q2 FY2025ended Nov 30, 2024filed Dec 19, 2024 | YoYQ2 FY2027vs Q2 FY2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22,855 | 25,007 | 24,000 | 23,469 | 22,244 | 22,220 | 22,160 | 21,967 | −2.6% |
| Cost of revenue | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Research and development | — | — | — | — | — | — | — | — | — |
| Selling, general and administrative | — | — | — | — | — | — | — | — | — |
| Operating income | 1,067 | 1,551 | 1,348 | 1,378 | 1,186 | 1,793 | 1,292 | 1,052 | −22.6% |
| Other income (expense) | (643) | 556 | (85) | (89) | (52) | 430 | (111) | (71) | −622.5% |
| Pretax income | 424 | 2,107 | 1,263 | 1,289 | 1,134 | 2,223 | 1,181 | 981 | −67.1% |
| Income tax | 134 | 510 | 207 | 333 | 310 | 575 | 272 | 240 | −59.8% |
| Net income | 290 | 1,597 | 1,056 | 956 | 824 | 1,648 | 909 | 741 | −69.7% |
| Diluted EPS ($) | 1.21 | — | 4.41 | 4.04 | 3.46 | — | 3.76 | 3.03 | −70.0% |
| Diluted shares (millions) | 239 | — | 239 | 236 | 238 | — | 242 | 244 | — |
Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.
Balance sheet
Last eight quarters, newest first, through Q2 FY2027 filed October 28, 2026.
| Millions of dollars | Q2 FY2027ended Sep 30, 2026filed Oct 28, 2026 | Q4 FY2026ended May 31, 2026filed Jul 20, 2026 | Q3 FY2026ended Feb 28, 2026filed Mar 19, 2026 | Q2 FY2026ended Nov 30, 2025filed Dec 18, 2025 | Q1 FY2026ended Aug 31, 2025filed Sep 18, 2025 | Q4 FY2025ended May 31, 2025filed Jul 21, 2025 | Q3 FY2025ended Feb 28, 2025filed Mar 20, 2025 | Q2 FY2025ended Nov 30, 2024filed Dec 19, 2024 | YoYQ2 FY2027vs Q2 FY2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 7,961 | 13,060 | 8,008 | 6,570 | 6,166 | 5,502 | 5,135 | 5,029 | +21.2% |
| Short-term investments | 3,254 | 0 | — | — | — | — | — | — | — |
| Total current assets | 25,003 | 27,903 | 25,477 | 20,653 | 19,344 | 18,386 | 17,214 | 17,721 | +21.1% |
| Total assets | 92,926 | 98,937 | 94,733 | 89,181 | 88,416 | 87,627 | 85,043 | 85,481 | +4.2% |
| Total current liabilities | 18,840 | 18,912 | 17,287 | 16,214 | 15,524 | 15,411 | 13,896 | 14,392 | +16.2% |
| Long-term debt | — | 23,293 | — | — | — | 19,151 | — | — | — |
| Total liabilities | — | — | — | — | — | — | — | — | — |
| Stockholders’ equity | 34,568 | 31,647 | 29,804 | 28,140 | 27,771 | 28,074 | 26,708 | 26,460 | +22.8% |
| Shares outstanding (millions) | 234 | 237 | 239 | 235 | 236 | 236 | 240 | 241 | — |
Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.
Cash flow statement
Last eight quarters, newest first, through Q2 FY2027 filed October 28, 2026.
| Millions of dollars | Q2 FY2027ended Sep 30, 2026filed Oct 28, 2026 | Q4 FY2026ended May 31, 2026filed Jul 20, 2026 | Q3 FY2026ended Feb 28, 2026filed Mar 19, 2026 | Q2 FY2026ended Nov 30, 2025filed Dec 18, 2025 | Q1 FY2026ended Aug 31, 2025filed Sep 18, 2025 | Q4 FY2025ended May 31, 2025filed Jul 21, 2025 | Q3 FY2025ended Feb 28, 2025filed Mar 20, 2025 | Q2 FY2025ended Nov 30, 2024filed Dec 19, 2024 | YoYQ2 FY2027vs Q2 FY2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | 3,265 | 1,993 | 1,951 | 1,716 | 2,519 | 2,012 | 1,318 | — |
| Capital expenditures | — | 1,474 | 955 | 757 | 623 | 1,473 | 997 | 818 | — |
| Free cash flow (CFO − capex) | — | 1,791 | 1,038 | 1,194 | 1,093 | 1,046 | 1,015 | 500 | — |
| Depreciation and amortization | 967 | 1,097 | 1,112 | 1,068 | 1,092 | 1,057 | 1,066 | 1,063 | −9.5% |
| Share repurchases | — | 0 | 0 | 296 | 500 | 500 | 497 | 1,020 | — |
| Dividends paid | — | 346 | 341 | 342 | 345 | 331 | 332 | 337 | — |
10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.
Annual statements
Every fiscal year filed, newest first, through FY2026 filed July 20, 2026.
Income statement
| Millions of dollars | FY2026ended May 31, 2026filed Jul 20, 2026 | FY2025ended May 31, 2025filed Jul 21, 2025 | FY2024ended May 31, 2024filed Jul 15, 2024 | FY2023ended May 31, 2023filed Jul 17, 2023 | FY2022ended May 31, 2022filed Jul 18, 2022 | FY2021ended May 31, 2021filed Jul 19, 2021 | FY2020ended May 31, 2020filed Jul 20, 2020 | FY2019ended May 31, 2019filed Jul 16, 2019 | FY2018ended May 31, 2018filed Jul 16, 2018 | FY2017ended May 31, 2017filed Jul 17, 2017 | FY2016ended May 31, 2016filed Jul 18, 2016 | FY2015ended May 31, 2015filed Jul 14, 2015 | FY2014ended May 31, 2014filed Jul 14, 2014 | FY2013ended May 31, 2013filed Jul 15, 2013 | FY2012ended May 31, 2012filed Jul 16, 2012 | FY2011ended May 31, 2011filed Jul 12, 2011 | FY2010ended May 31, 2010filed Jul 15, 2010 | FY2009ended May 31, 2009filed Sep 18, 2009 | FY2008ended May 31, 2008filed Dec 18, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 94,720 | 87,926 | 87,693 | 90,155 | 93,512 | 83,959 | 69,217 | 69,693 | 65,450 | 60,319 | 50,365 | 47,453 | 45,567 | 44,287 | 42,680 | 39,304 | 34,734 | 35,497 | 37,953 |
| Cost of revenue | — | — | — | — | — | — | — | 16,654 | 15,101 | 13,630 | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Research and development | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general and administrative | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | 5,463 | 5,217 | 5,559 | 4,912 | 6,245 | 5,857 | 2,417 | 4,466 | 4,272 | 4,566 | 3,077 | 1,867 | 3,815 | 4,434 | 3,186 | 2,378 | 1,998 | 747 | 2,075 |
| Other income (expense) | 330 | 224 | 277 | 451 | (1,349) | 817 | (748) | (3,811) | 81 | 13 | (337) | (240) | (157) | (96) | (45) | (113) | (104) | (70) | (59) |
| Pretax income | 5,793 | 5,441 | 5,836 | 5,363 | 4,896 | 6,674 | 1,669 | 655 | 4,353 | 4,579 | 2,740 | 1,627 | 3,658 | 4,338 | 3,141 | 2,265 | 1,894 | 677 | 2,016 |
| Income tax | 1,360 | 1,349 | 1,505 | 1,391 | 1,070 | 1,443 | 383 | 115 | (219) | 1,582 | 920 | 577 | 1,334 | 1,622 | 1,109 | 813 | 710 | 579 | 891 |
| Net income | 4,433 | 4,092 | 4,331 | 3,972 | 3,826 | 5,231 | 1,286 | 540 | 4,572 | 2,997 | 1,820 | 1,050 | 2,324 | 2,716 | 2,032 | 1,452 | 1,184 | 98 | 1,125 |
| Diluted EPS ($) | 18.55 | 16.81 | 17.21 | 15.48 | 14.33 | 19.45 | 4.90 | 2.03 | 16.79 | 11.07 | 6.51 | 3.65 | 7.48 | 8.55 | 6.41 | 4.57 | 3.76 | 0.31 | — |
| Diluted shares (millions) | 239 | 243 | 251 | 256 | 266 | 268 | 262 | 265 | 272 | 270 | 279 | 287 | 310 | 317 | 317 | 317 | 314 | 312 | — |
Balance sheet
| Millions of dollars | FY2026ended May 31, 2026filed Jul 20, 2026 | FY2025ended May 31, 2025filed Jul 21, 2025 | FY2024ended May 31, 2024filed Jul 15, 2024 | FY2023ended May 31, 2023filed Jul 17, 2023 | FY2022ended May 31, 2022filed Jul 18, 2022 | FY2021ended May 31, 2021filed Jul 19, 2021 | FY2020ended May 31, 2020filed Jul 20, 2020 | FY2019ended May 31, 2019filed Jul 16, 2019 | FY2018ended May 31, 2018filed Jul 16, 2018 | FY2017ended May 31, 2017filed Jul 17, 2017 | FY2016ended May 31, 2016filed Jul 18, 2016 | FY2015ended May 31, 2015filed Jul 14, 2015 | FY2014ended May 31, 2014filed Jul 14, 2014 | FY2013ended May 31, 2013filed Jul 15, 2013 | FY2012ended May 31, 2012filed Jul 16, 2012 | FY2011ended May 31, 2011filed Jul 12, 2011 | FY2010ended May 31, 2010filed Jul 15, 2010 | FY2009ended May 31, 2009filed Sep 18, 2009 | FY2008ended May 31, 2008filed Dec 18, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 13,060 | 5,502 | 6,501 | 6,856 | 6,897 | 7,087 | 4,881 | 2,319 | 3,265 | 3,969 | 3,534 | 3,763 | 2,908 | 4,917 | 2,843 | 2,328 | 1,952 | 2,292 | 1,539 |
| Short-term investments | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | 27,903 | 18,386 | 18,207 | 18,610 | 20,365 | 20,580 | 16,383 | 13,086 | 13,341 | 12,628 | 11,989 | 10,335 | 9,683 | 11,274 | 9,056 | 8,285 | 7,284 | 7,116 | — |
| Total assets | 98,937 | 87,627 | 87,007 | 87,143 | 85,994 | 82,777 | 73,537 | 54,403 | 52,330 | 48,552 | 45,959 | 36,469 | 33,070 | 33,567 | 29,903 | 27,385 | 24,902 | 24,244 | — |
| Total current liabilities | 18,912 | 15,411 | 13,355 | 13,586 | 14,274 | 13,660 | 10,344 | 9,013 | 9,627 | 7,918 | 8,008 | 5,956 | 5,312 | 5,750 | 5,374 | 4,882 | 4,645 | 4,524 | — |
| Long-term debt | 23,293 | 19,151 | 19,772 | 19,779 | 19,796 | 19,422 | 21,518 | 17,518 | 16,510 | 14,878 | 13,687 | 7,217 | 4,700 | 3,000 | — | 1,539 | 1,789 | 1,930 | — |
| Total liabilities | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stockholders’ equity | 31,647 | 28,074 | 27,582 | 26,088 | 24,939 | 24,168 | 18,295 | 17,757 | 19,416 | 16,073 | 13,784 | 14,993 | 15,277 | 17,398 | 14,727 | 15,220 | 13,811 | 13,626 | 14,851 |
| Shares outstanding (millions) | 237 | 236 | 244 | 251 | 260 | 267 | 262 | 261 | 266 | 268 | 266 | 282 | 285 | 317 | 317 | 317 | 315 | 313 | — |
Cash flow statement
| Millions of dollars | FY2026ended May 31, 2026filed Jul 20, 2026 | FY2025ended May 31, 2025filed Jul 21, 2025 | FY2024ended May 31, 2024filed Jul 15, 2024 | FY2023ended May 31, 2023filed Jul 17, 2023 | FY2022ended May 31, 2022filed Jul 18, 2022 | FY2021ended May 31, 2021filed Jul 19, 2021 | FY2020ended May 31, 2020filed Jul 20, 2020 | FY2019ended May 31, 2019filed Jul 16, 2019 | FY2018ended May 31, 2018filed Jul 16, 2018 | FY2017ended May 31, 2017filed Jul 17, 2017 | FY2016ended May 31, 2016filed Jul 18, 2016 | FY2015ended May 31, 2015filed Jul 14, 2015 | FY2014ended May 31, 2014filed Jul 14, 2014 | FY2013ended May 31, 2013filed Jul 15, 2013 | FY2012ended May 31, 2012filed Jul 16, 2012 | FY2011ended May 31, 2011filed Jul 12, 2011 | FY2010ended May 31, 2010filed Jul 15, 2010 | FY2009ended May 31, 2009filed Sep 18, 2009 | FY2008ended May 31, 2008filed Dec 18, 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 8,925 | 7,036 | 8,312 | 8,848 | 9,832 | 10,135 | 5,097 | 5,613 | 4,674 | 4,930 | 5,708 | 5,366 | 4,264 | 4,688 | 4,835 | 4,041 | 3,138 | 2,753 | 3,465 |
| Capital expenditures | 3,809 | 4,055 | 5,176 | 6,174 | 6,763 | 5,884 | 5,868 | 5,490 | 5,663 | 5,116 | 4,818 | 4,347 | 3,533 | 3,375 | 4,007 | 3,434 | 2,816 | 2,459 | 2,947 |
| Free cash flow (CFO − capex) | 5,116 | 2,981 | 3,136 | 2,674 | 3,069 | 4,251 | (771) | 123 | (989) | (186) | 890 | 1,019 | 731 | 1,313 | 828 | 607 | 322 | 294 | 518 |
| Depreciation and amortization | 4,369 | 4,264 | 4,287 | 4,176 | 3,970 | 3,793 | 3,615 | 3,353 | 3,095 | 2,995 | 2,631 | 2,611 | 2,587 | 2,386 | 2,113 | 1,973 | 1,958 | 1,975 | 1,946 |
| Share repurchases | 796 | 3,017 | 2,500 | 1,500 | 2,248 | — | 3 | 1,480 | 1,017 | 509 | 2,722 | 1,254 | 4,857 | 246 | 197 | — | — | — | — |
| Dividends paid | 1,374 | 1,339 | 1,259 | 1,177 | 793 | 686 | 679 | 683 | 535 | 426 | 277 | 227 | 187 | 177 | 164 | 151 | 138 | 137 | 124 |
Insider activity
Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.
The last 25 transactions
| Traded | Insider | Role | Transaction | Shares | Price | Value | Held after | Filed |
|---|---|---|---|---|---|---|---|---|
| Oct 30, 2026 | Brightman Tracy B | EVP - Chief People Officer | option exercise | 4,332 | $127.76 | $553K | 20,118 | Oct 30, 2026 |
| Oct 30, 2026 | Brightman Tracy B | EVP - Chief People Officer | option exercise | 3,534 | $103.38 | $365K | 23,652 | Oct 30, 2026 |
| Oct 30, 2026 | Brightman Tracy B | EVP - Chief People Officer | option exercise | 1,691 | $179.14 | $303K | 25,343 | Oct 30, 2026 |
| Oct 30, 2026 | Brightman Tracy B | EVP - Chief People Officer | option exercise | 4,889 | $181.23 | $886K | 30,232 | Oct 30, 2026 |
| Oct 30, 2026 | Brightman Tracy B | EVP - Chief People Officer | option exercise | 3,524 | $230.59 | $813K | 33,756 | Oct 30, 2026 |
| Oct 30, 2026 | Brightman Tracy B | EVP - Chief People Officer | option exercise | 5,100 | $176.07 | $898K | 38,856 | Oct 30, 2026 |
| Oct 30, 2026 | Brightman Tracy B | EVP - Chief People Officer | open-market sale | 23,070 | $316.73 | $7M | 15,786 | Oct 30, 2026 |
| Oct 30, 2026 | Brightman Tracy B | EVP - Chief People Officer | open-market sale | 3,541 | $316.40 | $1M | 12,245 | Oct 30, 2026 |
| Sep 24, 2026 | Ramo Joshua Cooper | Director | option exercise | 5,042 | $137.85 | $695K | 13,559 | Sep 25, 2026 |
| Sep 24, 2026 | Ramo Joshua Cooper | Director | tax withholding | 2,436 | $285.40 | $695K | 11,123 | Sep 25, 2026 |
| Aug 28, 2026 | Ellison Marvin R | Director | option exercise | 5,042 | $137.85 | $695K | 13,903 | Aug 31, 2026 |
| Aug 28, 2026 | Ellison Marvin R | Director | tax withholding | 2,097 | $331.44 | $695K | 11,806 | Aug 31, 2026 |
| Aug 17, 2026 | Talwar Vishal | EVP CDIO & PRESIDENT FDW | award | 1,489 | $0.00 | — | 15,525 | Aug 18, 2026 |
| Aug 7, 2026 | Smith Richard W | COO INTL - CEO Airline FEC, Director | otherindirect | 253,927 | $0.00 | — | 0 | Aug 7, 2026 |
| Jun 30, 2026 | Walsh Paul S | Director | option exercise | 5,042 | $137.85 | $695K | 21,401 | Jul 2, 2026 |
| Jun 30, 2026 | Walsh Paul S | Director | open-market sale | 5,042 | $324.56 | $2M | 16,359 | Jul 2, 2026 |
| Jun 25, 2026 | Talwar Vishal | EVP CDIO & PRESIDENT FDW | award | 4,734 | $0.00 | — | 14,036 | Jun 26, 2026 |
| Jun 25, 2026 | Subramaniam Rajesh | President/CEO, Director | award | 14,591 | $0.00 | — | 105,683 | Jun 26, 2026 |
| Jun 25, 2026 | Smith Richard W | COO INTL - CEO Airline FEC, Director | award | 4,734 | $0.00 | — | 113,629 | Jun 26, 2026 |
| Jun 25, 2026 | Russ Claude F | Interim CFO & Interim CAO | award | 1,635 | $0.00 | — | 5,177 | Jun 26, 2026 |
| Jun 25, 2026 | Ray Scott L | COO, U.S. & CANADA | award | 4,734 | $0.00 | — | 19,376 | Jun 26, 2026 |
| Jun 25, 2026 | Preet Kawal | EVP - Plng, Eng, & Transfmtn | award | 4,734 | $0.00 | — | 15,687 | Jun 26, 2026 |
| Jun 25, 2026 | Martin R Brad | Executive Chairman, Director | award | 8,711 | $0.00 | — | 49,550 | Jun 26, 2026 |
| Jun 25, 2026 | Edmunds Mark A | Director | award | 187 | $0.00 | — | 187 | Jun 26, 2026 |
| Jun 25, 2026 | Carere Brie | EVP/Chief Customer Officer | award | 4,734 | $0.00 | — | 28,296 | Jun 26, 2026 |
Full insider history for FedEx Corporation, or insider activity across all companies. A record of filings, not a recommendation.
Tracked funds holding it
1 of the tracked managers held FDX in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded FDX by quarter.
| Fund | Manager | Quarter | Value | Shares | Weight | Move |
|---|---|---|---|---|---|---|
| Gates Foundation Trust | Michael Larson | Q2 2026 | $747M | 2M | 2.17% | held |
Sources
Fiscal year ends in month 5; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.
- Filer
- FedEx Corporation, CIK 1048911 on EDGAR
- Extract generated
- October 29, 2026
- Withheld
- 4 line-years whose four quarters do not sum to the filed year: net income FY2013, operating income FY2013, buybacks FY2016, operating income FY2017
- Repaired
- 5 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: net income FY2009, operating income FY2009, pretax income FY2009, income tax FY2019, pretax income FY2019
XBRL concepts behind each line
Income statement
RevenueFromContractWithCustomerExcludingAssessedTax, RevenuesCostOfGoodsAndServicesSoldOperatingIncomeLossNonoperatingIncomeExpenseIncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest, IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestmentsIncomeTaxExpenseBenefitNetIncomeLossEarningsPerShareDilutedWeightedAverageNumberOfDilutedSharesOutstandingBalance sheet
CashAndCashEquivalentsAtCarryingValueShortTermInvestmentsAssetsCurrentAssetsLiabilitiesCurrentLongTermDebt, LongTermDebtNoncurrentStockholdersEquitydei:EntityCommonStockSharesOutstandingCash flow statement
NetCashProvidedByUsedInOperatingActivitiesPaymentsToAcquireProductiveAssetsDepreciationAndAmortization, DepreciationDepletionAndAmortizationPaymentsForRepurchaseOfCommonStockPaymentsOfDividendsThe data
The statements on this page as files, generated October 29, 2026.
- JSON file
/data/financials/FDX.json