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NEW YORK STOCK EXCHANGE, INC. · Logistics & Transportation · CIK 0001048911
$303.92
+1.91% · live
Updated
$71.90B market value
From FEDEX CORP's FY2026 10-K, filed Jul 20, 2026 · read the filing
FEDEX runs airlines. It took in $94.72B last year, which makes it a very large company. Of every dollar it sells, about 5 cents is left as profit.
The financial picture is led by debt, with profitability and growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by WALSH PAUL S, not under a pre-arranged plan.
$1.6M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Generally healthy, with a few things to watch.
From FEDEX CORP's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Free cash flow
$2.98B → $5.12B
Cash
$5.50B → $13.31B
Long-term debt
$19.15B → $23.29B
Revenue
$87.93B → $94.72B
Measured against FY2025, from the 10-K filed Jul 20, 2026
Improved: +71.6%
$2.98B to $5.12BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
How the latest move compares (quote live), and what was published around it
FDX rose 1.91% on the latest quote. The average Industrials company tracked here moved +0.34%, and the S&P 500 −1.04%. That is 1.6 points above its sector and 2.9 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 3% a year for the next 10 years. Over the last 10 years it grew by about 19% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 5 cents of every dollar of sales as profit, earning $4.43B last year.
Slowly. Sales grew 7.7% last year.
No. At its current cash flow it could clear its debt in about 1.2 years. For every $1 it owes, it owns $1.47 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 31 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 15% of the cash its operations generated. It has paid in each of the last 12 years.
GoodFigures from the FY2026 annual filing
Last year it earned $4.43B and generated $8.93B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Jul 20, 2026Filing for FY2026 | FY202510-K · Jul 20, 2026Filing for FY2025 | FY202410-K · Jul 15, 2024Filing for FY2024 | FY202310-K · Jul 17, 2023Filing for FY2023 | FY202210-K · Jul 18, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $94.72B | $87.93B | $87.69B | $90.16B | $93.51B | +7.7% |
| Operating income | $5.46B | $5.22B | $5.56B | $4.91B | $6.25B | +4.7% |
| Operating marginOperating income ÷ revenueWhat is this? | 5.8% | 5.9% | 6.3% | 5.4% | 6.7% | −0.2 pts |
| Interest expense | $970.0M | $789.0M | $745.0M | $694.0M | $689.0M | +22.9% |
| Income before tax | $5.79B | $5.44B | $5.84B | $5.36B | $4.90B | +6.5% |
| Net income | $4.43B | $4.09B | $4.33B | $3.97B | $3.83B | +8.3% |
| Net marginNet income ÷ revenueWhat is this? | 4.7% | 4.7% | 4.9% | 4.4% | 4.1% | +0.0 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $18.74 | $17.35 | $17.73 | $15.81 | $14.72 | +8.0% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| FDXFEDEX CORP · this page | 7.3/10 | 6/8 | 7.7% |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 5,042 shares at $137.85 ($695.0K)
Holds 13,559 shares after this filing.
Had shares withheld to cover taxes — 2,436 shares at $285.40 ($695.2K)
Holds 11,123 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Held a shareholder vote · Reported another event
Read the filingReported another event
Read the filingWrite down why you are following FEDEX CORP, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from FDX's 10-K for fiscal year 2026 (period ending 2026-05-31, filed Jul 20, 2026), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 7.3 | 6/8 | 10-K, filed Jul 20, 2026 |
| FY2025 | 7.3 | 5/8 | 10-K, filed Jul 21, 2025 |
| FY2024 | 6.0 | 5/8 | 10-K, filed Jul 15, 2024 |
| FY2023 | 6.0 | 6/8 | 10-K, filed Jul 17, 2023 |
| FY2022 | 7.3 | 6/8 | 10-K, filed Jul 18, 2022 |
| FY2021 | 8.7 | 6/8 | 10-K, filed Jul 19, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
2.93
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +141.9%
$5.50B to $13.31BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +21.6%
$19.15B to $23.29BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +7.7%
$87.93B to $94.72BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +8.3%
$4.09B to $4.43BNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +8.0%
$17.35 to $18.74Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Changed: -6.1%
$4.05B to $3.81BNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
5 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 1% and 5%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 34 analysts covering this company, as of . Their views, not this site's.
Of 34 analysts publishing on this company, 9 say strong buy, 15 say buy, 8 say hold and 2 say sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 2.3% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 19.2x — investors pay $19.2 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
| 4.7% |
| 16.22x |
| 2.13x |
| UPSUNITED PARCEL SERVICE INC | 6.0/10 | 5/8 | -2.6% | 6.3% | 15.47x | 3.50x |
|---|
| EXPDEXPEDITORS INTERNATIONAL OF WASHINGTON INC | 6.0/10 | 7/7 | 4.4% | 7.3% | 32.41x | 1.08x |
|---|
| CHRWC. H. ROBINSON WORLDWIDE, INC. | 6.0/10 | 6/8 | -8.4% | 3.6% | 28.71x | 1.74x |
|---|
| Median of peers | 6.0/10 | — | -2.6% | 6.3% | 28.71x | 1.74x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Exercised stock options — 5,042 shares at $137.85 ($695.0K)
Holds 13,903 shares after this filing.
Had shares withheld to cover taxes — 2,097 shares at $331.44 ($695.0K)
Holds 11,806 shares after this filing.
Was granted or awarded shares — 1,489 shares
Holds 15,525 shares after this filing.
Reported another kind of transaction — 253,927 shares
Holds 0 shares after this filing.
Exercised stock options — 5,042 shares at $137.85 ($695.0K)
Holds 21,401 shares after this filing.
Sold on the open market — 5,042 shares at $324.56 ($1.6M)
Holds 16,359 shares after this filing.
Was granted or awarded shares — 4,734 shares
Holds 113,629 shares after this filing.
Was granted or awarded shares — 14,591 shares
Holds 105,683 shares after this filing.
Was granted or awarded shares — 4,734 shares
Holds 14,036 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 5,042 shares ($1.6M) on or after .
Shares originally obtained via Employment Related.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Proxy statement for a shareholder meeting
Had a director or senior officer leave or join
Read the filingPublished results
Read the filingAnnual report for FY2026
Revenue +7.7% · Free cash flow +71.6% · Cash +141.9% — against FY2025
Read the filingReported another event
Read the filingReported another event
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingSigned a material agreement · Completed an acquisition or disposal · Had a director or senior officer leave or join · Reported another event
Read the filingReported another event
Read the filingHad a director or senior officer leave or join
Read the filingReported another event
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q3 FY2026
Revenue +8.3% · Cash +55.9% · Profit +16.2% — against Q3 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingReported another event
Read the filingYahoo ·
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Primary sources and further research