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FedExFDX

Legal name
FedEx Corp.
Sector
Other
Industry
Air Courier Services
Exchange
NYSE

Stock Price $FDX

Latest filings

You are here#30 of 86 in Industrials by market cap

Filing record · 2016–202610-K1210-Q328-K159

FDX filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 159 current reports (8-K) between 2016 and 2026.

  1. Impairment8-K · May ’18May ’18
  2. Material agreement8-K · Mar ’20Mar ’20
  3. Leadership change8-K · Mar ’22Mar ’22
  4. Leadership change8-K · Jan ’26Jan ’26

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $94.72B
YoY changeLargest recent move+21.3%in FY21Latest +7.7%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

View full history →
All FDX Financial Metrics55 metrics

Income Statement14

Balance Sheet24

Cash Flow12

Per Share5

02—Overview

FedEx Financial Overview 2022–2026

Updated Nov 2, 2026

FedEx extracting a $4.1 billiona internal cash dividend ahead of spinning off its freight division highlights the financial magnitude of its recent corporate overhaul. The core investment thesis centers on a strict pivot from pursuing raw shipping volume to enforcing structural efficiency, utilizing billion-dollar cost cuts to expand margins despite a sluggish global economy.

Top-line expansion was nearly nonexistent over a volatile post-pandemic stretch, with consolidated revenue creeping from $93.5 billion in FY2022 to $94.72 billionb in FY2026. However, operational profitability accelerated. The Federal Express segment posted a 21% surge in operating income during Q3 2026, driven by improved priority pricing and network consolidations. By slashing capital expenditures by 22% down to $4.1 billion in FY2025, FedEx permanently lowered its capital intensity to fund aggressive shareholder returns. This cash generation supported $2.0 billion in stock buybacks during the four months ended September 30, 2026 alone.

The market heavily rewarded this portfolio simplification and margin discipline. At the close of FY2025, FedEx traded at $218.10c with a multiple of 13.0x earnings. By the end of FY2026, following the execution of the freight spin-off and the realization of its structural savings targets, the stock had surged to $331.79, commanding an expanded 17.9x earnings premium.

Recent Developments (Q4 2026 and Q2 2027)

FedEx accelerated its portfolio simplification by closing the $1.4 billiond sale of its Supply Chain division on October 1, 2026. Reporting is now bifurcated into Express U.S. Domestic and Express International segments under a new December 31 fiscal year-end. Top-line growth accelerated, with revenue for the quarter ended September 30, 2026, rising 12% year-over-year to $22.9 billion. Adjusted diluted EPS jumped to $3.74, up from $2.93, prompting an increased calendar 2026 adjusted EPS outlook of $18.00 to $18.60. Leadership shifts include Jamere Jackson taking over as CFO on November 30, 2026.

Bulls argue that shedding non-core assets and retiring $4.857 billione in senior notes positions the express business to maximize earnings. Conversely, bears warn the Express International unit still struggles, posting a 2.3% operating margin in calendar 2025. Trading at 16.4x earnings as of the October 28, 2026 report date, the stock appears fairly valued against its elevated profit outlook.

What to watch: margin progression within Express International; capital allocation strategies under the incoming CFO.

03—Filings

Recent SEC Filings

  1. 8-KFedEx 8-K Report, Financial Results (Oct 28, 2026)FedEx Corporation (FDX) has filed an 8-K to report significant operational and financial structure changes. Effective June 1, 2026, the company officially changed its fiscal year-end from May 31 to December 31, meaning it will now report on a calendar-year basis. This transition period, covering seven months, will be detailed in a subsequent 10-K filing. Furthermore, FedEx successfully completed the spin-off of its less-than-truckload (LTL) freight transportation businesses, FedEx Freight, into a new, independent publicly traded company. This spin-off results in FedEx no longer consolidating the FedEx Freight segment, which will now be presented as discontinued operations in its financial reporting. In conjunction with these major structural changes, FedEx has realigned its reporting segments. The former Federal Express segment has been divided into two new reportable segments: Express U.S. Domestic and Express International. These adjustments are intended to better reflect the company's operational structure and provide clearer insights into performance and resource allocation. Supplemental historical financial information for the calendar quarters ended March 31 and June 30, 2026, has been provided to aid investors in understanding these transitions and their impact on historical results.
  2. 8-KFedEx 8-K Report, Financial Results (Oct 28, 2026)FedEx Corporation (FDX) reported strong financial results for the fiscal quarter ended September 30, 2026, exceeding investor expectations. The company highlighted robust revenue growth driven by increased package yields and volumes across its U.S. Domestic and International segments. Significant strategic moves, including the completion of the FedEx Freight spin-off and the sale of FedEx Supply Chain, are reshaping the company's portfolio and contributing to its financial performance. Adjusted diluted EPS saw a substantial increase, bolstered by operational efficiencies and disciplined cost management. FedEx also announced a positive revision to its full-year calendar 2026 earnings outlook, reflecting confidence in its ongoing transformation and strategic execution. The company continued its commitment to shareholder returns by completing $2 billion in share repurchases during the quarter. Investors should note the impact of certain one-time items, such as the loss on the retained investment in FedEx Freight, which are detailed in the adjusted figures.
  3. 8-KFedEx 8-K Report, Executive Changes (Oct 26, 2026)FedEx Corporation (FDX) announced a significant leadership change, appointing Jamere Jackson as its new Executive Vice President and Chief Financial Officer, effective November 30, 2026. Mr. Jackson brings a wealth of experience from his previous roles as CFO at AutoZone, Hertz Global Holdings, and Nielsen Holdings, as well as leadership positions at General Electric. His appointment signals a focus on strong financial management, capital allocation, and driving profitable growth, as highlighted by CEO Raj Subramaniam. This announcement comes with a comprehensive compensation package for Mr. Jackson, including a base salary of $1,000,000, a $2,000,000 signing bonus, and substantial equity awards (restricted stock units and stock options) totaling over $8 million, with a significant portion intended to compensate for forfeited AutoZone equity. These incentives are designed to align Mr. Jackson with FedEx's long-term strategic objectives and shareholder value creation.
  4. 8-KFedEx 8-K Report, Shareholder Vote Results (Sep 29, 2026)FedEx's September 28, 2026 annual stockholder meeting produced routine outcomes on the board and auditor, with shareholder dissent on compensation. All eleven director nominees were elected, and each received more votes for than against. Support was strongest for Nancy A. Norton and Mark A. Edmunds and weakest for Paul S. Walsh and Susan Patricia Griffith, who each drew roughly 12.4 to 12.6 million against votes. Stockholders approved the advisory say-on-pay proposal with 90.6% of voted shares in favor, and ratified Ernst & Young LLP as the independent registered public accounting firm for the transition period from June 1, 2026 through December 31, 2026, with 94.3% support. The transition period reflects FedEx's fiscal year change. All three stockholder proposals failed. A proposal for an independent board chair received 39.2% support, the highest of the three, and a proposal to lower the threshold for calling special meetings received 14.9%. A proposal on reporting risks related to distributing abortion drugs received only 1.1%. The board's stance on these matters was therefore upheld, and the governance results do not signal a near-term shift in leadership structure or shareholder rights. Separately, the board completed its annual review of outside director pay and approved no change to the $140,000 annual retainer or to the Lead Independent Director and committee chair fees. It did approve a $20,000 increase to the annual equity grant, which is now $215,000 in RSUs. For the transition period, the retainer, equity grant, and role-based fees will be prorated. The changes are modest and immaterial to FedEx's overall financial results.
  5. 8-KFedEx 8-K Report, Corporate Update (Sep 14, 2026)FedEx Corporation has successfully closed two significant debt offerings on September 14, 2026, raising a total of approximately €2 billion and $1.1 billion through the issuance of Euro Notes and USD Notes, respectively. The Euro Notes consist of €1.1 billion of 4.000% Notes due 2030 and €900 million of 4.625% Notes due 2034, while the USD Notes comprise $1.1 billion of 5.750% Notes due 2036. These offerings were facilitated through separate underwriting agreements with prominent financial institutions.
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04—See also

Related Companies

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