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FedExFDX

$76.3B market cap
FedExFDX
Revenue

Revenue: is the business selling more than it used to?

$94.7B+8% YoYFY 2025

0.00$50.0B$100B201120122013201420152016201720182019202020212022202320242025$94.7B

Revenue reached $94.7B in 2025, compounding +2% a year since 2022 though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Net income

Net income: how much of that revenue becomes profit?

$4,433+8% YoYFY 2025

0.00$2.0B$4.0B2011201220132014201520162017201820192020$5.2B202120222023202420254433

Net income was $4,433 in 2025, compounding +4% a year over three years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Growth rate

How fast is it growing, year by year?

+7.7%revenue growth, FY 2025

-100%0.0%100%201220132014201520162017201820192020202120222023202420257.7%8.3%

Off the axis: 2020 earnings +306.8% - rebounds off a collapsed prior year.

Revenue grew +8% in 2025 against a five-year average of +3%. Earnings grew faster (+8%), so each new dollar of sales is arriving more profitably. 2020's +307% earnings rebound off a collapsed base sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$396.32revenue per share, FY 2025

0.0020040020112012201320142015201620172018201920202021202220232024202539621.41

Revenue per share reached $396.32 in 2025, compounding +4% a year against +2% for FDX as a whole. Buybacks added roughly 2.4 points to your per-share result. Free cash flow per share stands at $21.41.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Free cash flow

Free cash flow: what is left in real cash after everything?

$5.1B+72% YoYFY 2025

0.00$2.5B$5.0B201120122013201420152016201720182019202020212022202320242025$5.1B

Free cash flow was $5.1B in 2025, compounding +24% a year since 2022. That is the most cash the business has ever thrown off in a year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%5.0%2011201220132014201520162017201820192020202120222023202420255.4%

5 cents of every sales dollar became free cash in 2025, up 2 points since 2022 - the best conversion in its filed history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%5.0%10%2011201220132014201520162017201820192020202120222023202420254.0%0.2%

The biggest claim on each sales dollar is capital spending, at 4% of revenue (stock compensation 0%). That share has fallen since 2022, so the cost of competing is easing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Operating leverage

When sales grow, do profits grow faster?

0.0%100%201220132014201520162017201820192020202120222023202420257.7%4.7%

Operating profit outgrew revenue in only 1 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Margins

Margins: of every $1 of sales, how much survives each cost layer?

0.0%5.0%10%2011201220132014201520162017201820192020202120222023202420255.8%0.0%

Operating margin has held near 6% since 2022. After everything, 0 cents of each sales dollar reaches net profit. FDX doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Returns on capital

What does it earn on the money it uses?

0.0%10%20%20112012201320142015201620172018201920202021202220232024202520260.0%0.0%7.5%

2026 = trailing twelve months to the latest filed quarter (2026-05-31), not a full fiscal year

ROE of 0% and ROCE of 7% sit close together, so the returns come from the business itself rather than from borrowing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Valuation history

What has the market paid for FDX over time?

17388287.8xP/E today

0.00$10M20152016201720182019202020212022202320242025202611-year median 72.0xP/E $17M

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

At 17388287.8x earnings, the market is paying +24136428% more than FDX's own 11-year median of 72.0x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Free cash flow yield

What cash return does the business throw off per dollar of market value?

6.7%FCF yield today

0.0%5.0%20152016201720182019202020212022202320242025202611-year median 5.9%FCF yield 6.7%

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

Every dollar of market value currently buys 6.7% of annual free cash flow, more than its 11-year median of 5.9% - the cash is cheaper than usual.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Debt & cash

Could it handle its debt if things went wrong?

0.00$10.0B$20.0B201220132014201520162017201820192020202120222023202420252026$24.0B$13.3B

Debt of $24.0B sits against $13.3B of cash, or 0.8x shareholders' equity. Earnings cover interest 5.6 times - adequate, with less room than it looks in a downturn.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Shareholders' equity

Is the company's own capital growing?

0.00$20.0B201220132014201520162017201820192020202120222023202420252026$31.6B

The company's own capital grew from $26.8B in 2023 to $31.6B (+18%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$2.0B$4.0B201120122013201420152016201720182019202120222023202420252026

Shareholders received $796M in buybacks and $1.4B in dividends in 2025. Stock compensation issued $177M of new shares in the same year, offsetting 8% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Dilution rate

How fast is your ownership being diluted - or concentrated?

-5.0%0.0%2012201320142015201620172018201920202.3%20212022202320242025-1.6%

The share count shrank 1.6% in 2025, averaging 2.3% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Dividend per share

Is the dividend cheque growing?

0.002.505.00201120122013201420152016201720182019202020212022202320242025DPS 5.75

The dividend per share reached $5.75 in 2025, compounding +18% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Payout quality

Can it afford the dividend?

0.0%20000000%20112012201320142015201620172018201920202021202220232024202530994812%27%

The dividend consumed 30994812% of profit and 27% of free cash flow in 2025. That is a thin cushion: a bad year would put the payment under real pressure.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Return on capital employed

Does FDX earn more on its capital than that capital costs?

0.0%10%20112012201320142015201620172018201920202021202220232024202510% cost of capitalreturn on capital 7.5%

FDX earns 7.5% on the capital it employs, below the 10% most investors treat as the cost of capital. It was 6.9% in 2022, so the trend is up, though the path has been bumpy.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Dilution against what it bought

FDX has issued or retired shares - did shareholders end up better off?

020020112012201320142015201620172018201920202021202220232024202575294

FDX has shrunk its share count -25% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +194% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

FedExFDX
Insider flow

Are the people running it buying or selling?

$10M0.00Apr '26Jun '26

Insiders sold $20M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 52 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

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