InsiderClue
Stocks · Industrials · Air Courier Services

FedEx

FDX Clue Score45
United States Fiscal year ends May CIK 0001048911
$291.71 -0.01% Close, 9 Oct 2026
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Price $291.71 +32.70% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue60.32Operating income4.57Net income3.00EPS, diluted11.07Fiscal year 2018Revenue65.45 +8.5%Operating income4.27Net income4.57 +52.6%EPS, diluted16.79 +51.7%Fiscal year 2019Revenue69.69 +6.5%Operating income4.47Net income0.54 −88.2%EPS, diluted2.03 −87.9%Fiscal year 2020Revenue69.22 −0.7%Operating income2.42Net income1.29 +138.1%EPS, diluted4.90 +141.4%Fiscal year 2021Revenue83.96 +21.3%Operating income5.86Net income5.23 +306.8%EPS, diluted19.45 +296.9%Fiscal year 2022Revenue93.51 +11.4%Operating income6.25Net income3.83 −26.9%EPS, diluted14.33 −26.3%Fiscal year 2023Revenue90.16 −3.6%Operating income4.91Net income3.97 +3.8%EPS, diluted15.48 +8.0%Fiscal year 2024Revenue87.69 −2.7%Operating income5.56Net income4.33 +9.0%EPS, diluted17.21 +11.2%Fiscal year 2025Revenue87.93 +0.3%Operating income5.22Net income4.09 −5.5%EPS, diluted16.81 −2.3%Fiscal year 2026Revenue94.72 +7.7%Operating income5.46Net income4.43 +8.3%EPS, diluted18.55 +10.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 60.32 65.45 69.69 69.22 83.96 93.51 90.16 87.69 87.93 94.72
Growth +8.5% +6.5% −0.7% +21.3% +11.4% −3.6% −2.7% +0.3% +7.7%
Operating income 4.57 4.27 4.47 2.42 5.86 6.25 4.91 5.56 5.22 5.46
Net income 3.00 4.57 0.54 1.29 5.23 3.83 3.97 4.33 4.09 4.43
Growth +52.6% −88.2% +138.1% +306.8% −26.9% +3.8% +9.0% −5.5% +8.3%
EPS, diluted 11.07 16.79 2.03 4.90 19.45 14.33 15.48 17.21 16.81 18.55
Growth +51.7% −87.9% +141.4% +296.9% −26.3% +8.0% +11.2% −2.3% +10.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin7.6%Net margin5.0%Free cash flow margin−0.3%Fiscal year 2018Operating margin6.5%Net margin7.0%Free cash flow margin−1.5%Fiscal year 2019Operating margin6.4%Net margin0.8%Free cash flow margin0.2%Fiscal year 2020Operating margin3.5%Net margin1.9%Free cash flow margin−1.1%Fiscal year 2021Operating margin7.0%Net margin6.2%Free cash flow margin5.1%Fiscal year 2022Operating margin6.7%Net margin4.1%Free cash flow margin3.3%Fiscal year 2023Operating margin5.4%Net margin4.4%Free cash flow margin3.0%Fiscal year 2024Operating margin6.3%Net margin4.9%Free cash flow margin3.6%Fiscal year 2025Operating margin5.9%Net margin4.7%Free cash flow margin3.4%Fiscal year 2026Operating margin5.8%Net margin4.7%Free cash flow margin5.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating margin 7.6% 6.5% 6.4% 3.5% 7.0% 6.7% 5.4% 6.3% 5.9% 5.8%
Net margin 5.0% 7.0% 0.8% 1.9% 6.2% 4.1% 4.4% 4.9% 4.7% 4.7%
Free cash flow margin −0.3% −1.5% 0.2% −1.1% 5.1% 3.3% 3.0% 3.6% 3.4% 5.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow4.93Capital expenditure−5.12Free cash flow−0.19Buybacks−0.51Dividends paid−0.43Fiscal year 2018Operating cash flow4.67Capital expenditure−5.66Free cash flow−0.99Buybacks−1.02Dividends paid−0.54Fiscal year 2019Operating cash flow5.61Capital expenditure−5.49Free cash flow0.12Buybacks−1.48Dividends paid−0.68Fiscal year 2020Operating cash flow5.10Capital expenditure−5.87Free cash flow−0.77 −726.8%Buybacks−0.00Dividends paid−0.68Fiscal year 2021Operating cash flow10.14Capital expenditure−5.88Free cash flow4.25Dividends paid−0.69Fiscal year 2022Operating cash flow9.83Capital expenditure−6.76Free cash flow3.07 −27.8%Buybacks−2.25Dividends paid−0.79Fiscal year 2023Operating cash flow8.85Capital expenditure−6.17Free cash flow2.67 −12.9%Buybacks−1.50Dividends paid−1.18Fiscal year 2024Operating cash flow8.31Capital expenditure−5.18Free cash flow3.14 +17.3%Buybacks−2.50Dividends paid−1.26Fiscal year 2025Operating cash flow7.04Capital expenditure−4.06Free cash flow2.98 −4.9%Buybacks−3.02Dividends paid−1.34Fiscal year 2026Operating cash flow8.93Capital expenditure−3.81Free cash flow5.12 +71.6%Buybacks−0.80Dividends paid−1.37
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 4.93 4.67 5.61 5.10 10.14 9.83 8.85 8.31 7.04 8.93
Capital expenditure −5.12 −5.66 −5.49 −5.87 −5.88 −6.76 −6.17 −5.18 −4.06 −3.81
Free cash flow −0.19 −0.99 0.12 −0.77 4.25 3.07 2.67 3.14 2.98 5.12
Growth −726.8% −27.8% −12.9% +17.3% −4.9% +71.6%
Buybacks −0.51 −1.02 −1.48 −0.00 n/a −2.25 −1.50 −2.50 −3.02 −0.80
Dividends paid −0.43 −0.54 −0.68 −0.68 −0.69 −0.79 −1.18 −1.26 −1.34 −1.37

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash3.97Total debt14.88Net cash (debt)−10.91Shareholders’ equity16.07Debt to equity0.93Fiscal year 2018Cash3.27Total debt16.51Net cash (debt)−13.25Shareholders’ equity19.42Debt to equity0.85Fiscal year 2019Cash2.32Total debt17.52Net cash (debt)−15.20Shareholders’ equity17.76Debt to equity0.99Fiscal year 2020Cash4.88Total debt21.52Net cash (debt)−16.64Shareholders’ equity18.30Debt to equity1.18Fiscal year 2021Cash7.09Total debt19.42Net cash (debt)−12.34Shareholders’ equity24.17Debt to equity0.80Fiscal year 2022Cash6.90Total debt19.80Net cash (debt)−12.90Shareholders’ equity24.94Debt to equity0.79Fiscal year 2023Cash6.86Total debt19.78Net cash (debt)−12.92Shareholders’ equity26.09Debt to equity0.76Fiscal year 2024Cash6.50Total debt19.77Net cash (debt)−13.27Shareholders’ equity27.58Debt to equity0.72Fiscal year 2025Cash5.50Total debt19.15Net cash (debt)−13.65Shareholders’ equity28.07Debt to equity0.68Fiscal year 2026Cash13.31Total debt23.29Net cash (debt)−9.98Shareholders’ equity31.65Debt to equity0.74
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 3.97 3.27 2.32 4.88 7.09 6.90 6.86 6.50 5.50 13.31
Total debt 14.88 16.51 17.52 21.52 19.42 19.80 19.78 19.77 19.15 23.29
Net cash (debt) −10.91 −13.25 −15.20 −16.64 −12.34 −12.90 −12.92 −13.27 −13.65 −9.98
Shareholders’ equity 16.07 19.42 17.76 18.30 24.17 24.94 26.09 27.58 28.07 31.65
Debt to equity 0.93 0.85 0.99 1.18 0.80 0.79 0.76 0.72 0.68 0.74

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending May, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 May 2017 FY2018 31 May 2018 FY2019 31 May 2019 FY2020 31 May 2020 FY2021 31 May 2021 FY2022 31 May 2022 FY2023 31 May 2023 FY2024 31 May 2024 FY2025 31 May 2025 FY2026 31 May 2026
Revenue and profit
60.32 65.45 69.69 69.22 83.96 93.51 90.16 87.69 87.93 94.72
Growth +8.5% +6.5% −0.7% +21.3% +11.4% −3.6% −2.7% +0.3% +7.7%
13.63 15.10 16.65 n/a n/a n/a n/a n/a n/a n/a
4.57 4.27 4.47 2.42 5.86 6.25 4.91 5.56 5.22 5.46
Growth −6.4% +4.5% −45.9% +142.3% +6.6% −21.3% +13.2% −6.2% +4.7%
4.58 4.35 0.66 1.67 6.67 4.90 5.36 5.84 5.44 5.79
1.58 −0.22 0.12 0.38 1.44 1.07 1.39 1.51 1.35 1.36
3.00 4.57 0.54 1.29 5.23 3.83 3.97 4.33 4.09 4.43
Growth +52.6% −88.2% +138.1% +306.8% −26.9% +3.8% +9.0% −5.5% +8.3%
Per share
11.24 17.08 2.06 4.92 19.79 14.54 15.60 17.41 16.96 18.71
11.07 16.79 2.03 4.90 19.45 14.33 15.48 17.21 16.81 18.55
Growth +51.7% −87.9% +141.4% +296.9% −26.3% +8.0% +11.2% −2.3% +10.4%
266.0 267.0 262.0 261.0 264.0 263.0 254.0 248.0 241.0 237.0
270.0 272.0 265.0 262.0 268.0 266.0 256.0 251.0 243.0 239.0
Growth +0.7% −2.6% −1.1% +2.3% −0.7% −3.8% −2.0% −3.2% −1.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 2.4% a year over five years, and earnings per share fell 0.9% a year.
  • The diluted share count fell 10.8% in five years, so buybacks did some of the work per share.
  • Operating margin is down 1.2 points on five years ago, at 5.8%.
  • Profitable in every one of the 10 years on file.