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Created by potrace 1.16, written by Peter Selinger 2001-2019
beatandraise.com
Created by potrace 1.16, written by Peter Selinger 2001-2019
beatandraise.com
beta
Latest Financials
Filings:
Category
Date
Search Filings
Institutional Holders
beta
Earnings Transcripts
beta
Global Search
SEC Edgar
FEDEX CORP
Notes
Support
about
terms
Created by potrace 1.16, written by Peter Selinger 2001-2019
beatandraise.com
beta
Latest Financials
Filings:
Category
Date
Search Filings
Institutional Holders
beta
Earnings Transcripts
beta
Global Search
SEC Edgar
FEDEX CORP
Notes
Support
about
terms
$
FDX
FEDEX CORP
CIK:
0001048911
|
SEC Filings
Income Statement
Cash Flow
Balance Sheet
v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2024
Income Statement [Abstract]
REVENUE
$ 94,720
$ 87,926
$ 87,693
OPERATING EXPENSES:
Salaries and employee benefits
33,844
31,232
30,961
Purchased transportation
23,620
21,768
20,921
Rentals and landing fees
4,883
4,647
4,571
Depreciation and amortization
4,369
4,264
4,287
Fuel
4,052
3,775
4,710
Maintenance and repairs
3,330
3,245
3,291
Separation and other costs
771
38
0
Business optimization and realignment costs
366
756
582
Goodwill and other asset impairment charges
23
21
157
Other
13,999
12,963
12,654
Total operating expenses
89,257
82,709
82,134
OPERATING INCOME
5,463
5,217
5,559
OTHER INCOME (EXPENSE):
Interest expense
(970)
(789)
(745)
Other retirement plans income
885
713
722
Interest income
437
363
370
Other, net
(22)
(63)
(70)
Total other (expense) income
330
224
277
INCOME BEFORE INCOME TAXES
5,793
5,441
5,836
PROVISION FOR INCOME TAXES
1,360
1,349
1,505
NET INCOME
$ 4,433
$ 4,092
$ 4,331
EARNINGS PER COMMON SHARE:
Basic (in dollar per share)
$ 18.71
$ 16.96
$ 17.41
Diluted (in dollar per share)
$ 18.55
$ 16.81
$ 17.21
v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2024
OPERATING ACTIVITIES
Net income
$ 4,433
$ 4,092
$ 4,331
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
4,369
4,264
4,287
Provision for uncollectible accounts
946
521
421
Other noncash items including leases and deferred income taxes
2,937
3,156
2,919
Stock-based compensation
177
154
163
Retirement plans mark-to-market adjustments
(647)
(515)
(561)
Goodwill and other asset impairment charges
23
21
157
Separation and other costs, net of payments
248
15
0
Business optimization and realignment costs, net of payments
(48)
43
26
Changes in assets and liabilities:
Receivables
(2,247)
(1,780)
(270)
Other current assets
(121)
90
(43)
Pension and postretirement healthcare assets and liabilities, net
(169)
(553)
(522)
Accounts payable and other liabilities
(933)
(2,460)
(2,553)
Other, net
(43)
(12)
(43)
Cash provided by operating activities
8,925
7,036
8,312
INVESTING ACTIVITIES
Capital expenditures
(3,809)
(4,055)
(5,176)
Purchase of investments
(682)
(262)
(176)
Proceeds from sale of investments
483
110
38
Proceeds from asset dispositions, and other investing activities, net
97
115
114
Cash used in investing activities
(3,911)
(4,092)
(5,200)
FINANCING ACTIVITIES
Proceeds from debt issuances
5,289
0
0
Short-term borrowings, net
742
0
0
Principal payments on debt
(2,049)
(157)
(147)
Proceeds from stock issuances
992
524
491
Dividends paid
(1,374)
(1,339)
(1,259)
Purchase of common stock
(796)
(3,017)
(2,500)
Other, net
(55)
(30)
(11)
Cash provided by (used in) financing activities
2,749
(4,019)
(3,426)
Effect of exchange rate changes on cash
46
76
(41)
Net increase (decrease) in cash and cash equivalents
7,809
(999)
(355)
Cash and cash equivalents at beginning of period
5,502
6,501
6,856
Cash and cash equivalents at end of period
$ 13,311
$ 5,502
$ 6,501
v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 31, 2026
May 31, 2025
CURRENT ASSETS
Cash and cash equivalents
$ 13,311
$ 5,502
Receivables, less allowances of $864 and $773
12,672
11,368
Spare parts, supplies, and fuel, less allowances of $324 and $308
669
602
Prepaid expenses and other
1,251
914
Total current assets
27,903
18,386
PROPERTY AND EQUIPMENT, AT COST
Aircraft and related equipment
32,107
31,584
Package handling and ground support equipment
19,816
18,878
Information technology
9,942
9,706
Vehicles and trailers
11,150
10,949
Facilities and other
17,911
16,505
Total property and equipment, at cost
90,926
87,622
Less accumulated depreciation and amortization
48,882
45,980
Net property and equipment
42,044
41,642
OTHER LONG-TERM ASSETS
Operating lease right-of-use assets, net
16,822
16,453
Goodwill
6,733
6,603
Other assets
5,435
4,543
Total other long-term assets
28,990
27,599
TOTAL ASSETS
98,937
87,627
CURRENT LIABILITIES
Accrued expenses
5,725
4,995
Accounts payable
4,327
3,692
Accrued salaries and employee benefits
3,759
2,731
Operating lease liabilities
2,680
2,565
Current portion of long-term debt
1,676
1,428
Short-term borrowings
745
0
Total current liabilities
18,912
15,411
LONG-TERM DEBT, LESS CURRENT PORTION
23,293
19,151
OTHER LONG-TERM LIABILITIES
Operating lease liabilities
14,549
14,272
Self-insurance accruals
4,413
4,033
Deferred income taxes
3,664
4,205
Pension, postretirement healthcare, and other benefit obligations
1,625
1,698
Other liabilities
834
783
Total other long-term liabilities
25,085
24,991
COMMITMENTS AND CONTINGENCIES
COMMON STOCKHOLDERS’ INVESTMENT
Preferred Stock, Value, Issued
0
0
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of May 31, 2026 and 2025
32
32
Additional paid-in capital
4,717
4,290
Retained earnings
44,461
41,402
Accumulated other comprehensive loss
(1,227)
(1,362)
Treasury stock, at cost; 78 million shares as of May 31, 2026 and 80 million shares as of May 31, 2025
(16,336)
(16,288)
Total common stockholders’ investment
31,647
28,074
TOTAL LIABILITIES AND COMMON STOCKHOLDERS’ INVESTMENT
$ 98,937
$ 87,627