FEDEX CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 5/31/26
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 24,200 | 43.3 |
| Stockholders' equity | 31,647 | 56.7 |
| Total capitalization | 55,847 | 100.0 |
236,581,188 shares outstanding at 16 July 2026 (cover page of the 10-K filed 20 July 2026).
LONG-TERM DEBT 5/31/26
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 23,455 |
| Long-term debt, noncurrent | 23,293 |
| Current maturities | 1,676 |
| Short-term borrowings / commercial paper | 745 |
CAPITAL STOCK 5/31/26
| Common shares authorized | 800,000,000 |
| Common shares issued | 318,000,000 |
| Treasury shares | 78,000,000 |
| Par or stated value per share ($) | 0.1 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/16/26 | 236,581,188 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2026 | 5.80 | 31.3 |
| 2025 | 5.52 | 32.8 |
| 2024 | 3.78 | 22.0 |
| 2023 | 5.86 | 37.9 |
| 2022 | 3.00 | 20.9 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as FDX CORP (to 10 February 2000).
BUSINESS: Classified by the SEC under Standard Industrial Classification 4513, Air Courier Services. Large accelerated filer. Principal executive office: 942 South Shady Grove Road, Memphis, TN 38120-. Fiscal year ends May 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 5/31/26 | 5/31/25 | 5/31/24 |
|---|---|---|---|
| Revenues | 94,720 | 87,926 | 87,693 |
| Depreciation and amortization | 4,369 | 4,264 | 4,287 |
| Operating income | 5,463 | 5,217 | 5,559 |
| Interest expense | 970 | 789 | 745 |
| Income before income taxes | 5,793 | 5,441 | 5,836 |
| Income taxes | 1,360 | 1,349 | 1,505 |
| Net income | 4,433 | 4,092 | 4,331 |
| Earned per share, diluted ($) | 18.55 | 16.81 | 17.21 |
| Dividends per share ($) | 5.80 | 5.52 | 3.78 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 5/31/26 | 5/31/25 |
|---|---|---|
| Cash and equivalents | 13,311 | 5,502 |
| Receivables, net | 12,672 | 11,368 |
| Total current assets | 27,903 | 18,386 |
| Property, plant and equipment, net | 42,044 | 41,642 |
| Goodwill | 6,733 | 6,603 |
| Total assets | 98,937 | 87,627 |
| Total current liabilities | 18,912 | 15,411 |
| Long-term debt | 23,293 | 19,151 |
| Stockholders' equity | 31,647 | 28,074 |
| Total liabilities and equity | 98,937 | 87,627 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5/31/26 | 94,720 | 5,463 | 4,433 | 4.7 | 18.55 | 5.80 | 8,925 | 3,809 | 5,116 | 98,937 | 67,290d | 24,200 | 31,647 | 14.0 | 0.76 |
| 5/31/25 | 87,926 | 5,217 | 4,092 | 4.7 | 16.81 | 5.52 | 7,036 | 4,055 | 2,981 | 87,627 | 59,553d | 19,899 | 28,074 | 14.6 | 0.71 |
| 5/31/24 | 87,693 | 5,559 | 4,331 | 4.9 | 17.21 | 3.78 | 8,312 | 5,176 | 3,136 | 87,007 | 59,425d | 19,772 | 27,582 | 15.7 | 0.72 |
| 5/31/23 | 90,155 | 4,912 | 3,972 | 4.4 | 15.48 | 5.86 | 8,848 | 6,174 | 2,674 | 87,143 | 61,055d | 19,779 | 26,088 | 15.2 | 0.76 |
| 5/31/22 | 93,512 | 6,245 | 3,826 | 4.1 | 14.33 | 3.00 | 9,832 | 6,763 | 3,069 | 85,994 | 61,055d | 19,796 | 24,939 | 15.3 | 0.79 |
| 5/31/21 | 83,959 | 5,857 | 5,231 | 6.2 | 19.45 | 2.60 | 10,135 | 5,884 | 4,251 | 82,777 | 58,609d | 19,422 | 24,168 | 21.6 | 0.80 |
| 5/31/20 | 69,217 | 2,417 | 1,286 | 1.9 | 4.90 | 2.60 | 5,097 | 5,868 | (771) | 73,537 | 55,242d | 21,518 | 18,295 | 7.0 | 1.18 |
| 5/31/19 | 69,693 | 4,466 | 540 | 0.8 | 2.03 | 2.60 | 5,613 | 5,490 | 123 | 54,403 | 36,646d | 17,518 | 17,757 | 3.0 | 0.99 |
| 5/31/18 | 65,450 | 4,272 | 4,572 | 7.0 | 16.79 | 2.00 | 4,674 | 5,663 | (989) | 52,330 | 32,914d | 16,510 | 19,416 | 23.5 | 0.85 |
| 5/31/17 | 60,319 | 4,566 | 2,997 | 5.0 | 11.07 | 1.60 | 4,930 | 5,116 | (186) | 48,552 | 32,479d | 14,878 | 16,073 | 18.6 | 0.93 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
FEDEX CORP
CIK 1048911 · EIN 62-1721435
PRINCIPAL OFFICE:
942 South Shady Grove Road, Memphis, TN 38120-
Tel.: 9018187500
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
4513 · Air Courier Services
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 5/31/26, filed 20 July 2026
FORMER NAMES:
FDX CORP
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2026 (filed 7/20/26) · 10-K FY2025 (filed 7/21/25) · 10-K FY2024 (filed 7/15/24) · 10-K FY2023 (filed 7/17/23) · 10-K FY2022 (filed 7/18/22) · 10-K FY2021 (filed 7/19/21) · 10-K FY2020 (filed 7/20/20) · 10-K FY2019 (filed 7/16/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.