FedEx (FDX): financials, SEC filings and peers
FedEx (FDX) is an air freight & logistics company in the Industrials sector of the S&P 500, headquartered in Memphis, Tennessee.
It was founded in 1971 and joined the S&P 500 on December 31, 1980.
Its fiscal year ends in May, and its shares trade on the NYSE.
In its SEC filings it is classified as “Air Courier Services”.
FedEx at a glance
- Revenue (12 months)
- $94.7B
- Revenue growth
- +7.7%
- Operating margin
- 5.8%
- Net income (12 months)
- $4.4B
- Free cash flow (12 months)
- $5.1B
- Cash
- $13.3B
- Debt
- $24.2B
- Diluted EPS (12 months)
- $18.55
Twelve months to May 31, 2026, from the 10-K filed July 20, 2026.
Latest twelve months
Over the twelve months to May 31, 2026, FedEx reported revenue of $94.7 billion, about the same as a year earlier (+7.7%).
Its operating margin was 5.8%: for every $100 of sales, about $6 was left as operating profit.
Net income was $4.4 billion (4.7% of revenue), 8.3% higher than a year earlier.
Operating cash flow was $8.9 billion and capital spending $3.8 billion, leaving free cash flow of $5.1 billion (5.4% of revenue).
At the end of the period it held $13.3 billion in cash and $24.2 billion in debt, a net debt position of $10.9 billion.
The diluted share count fell 200.0% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $84.0 billion in fiscal 2021 to $94.7 billion in fiscal 2026, about 2.4% a year.
- Operating margin has been steady, around 5.8%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $93.5B | $90.2B | $87.7B | $87.9B | $94.7B |
| Revenue growth | 11.4% | -3.6% | -2.7% | 0.3% | 7.7% |
| Operating margin | 6.7% | 5.4% | 6.3% | 5.9% | 5.8% |
| Net income | $3.8B | $4.0B | $4.3B | $4.1B | $4.4B |
| Free cash flow | $3.1B | $2.7B | $3.1B | $3.0B | $5.1B |
| Diluted EPS | $14.33 | $15.48 | $17.21 | $16.81 | $18.55 |
Fiscal years as reported in FedEx’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 14, 2026 — Other event
- 8-K filed July 24, 2026 — Executive or director change
- 8-K filed July 21, 2026 — Earnings results
- 10-K filed July 20, 2026 — annual report
- 8-K filed July 10, 2026 — Other event
- 8-K filed June 25, 2026 — Other event
- 8-K filed June 23, 2026 — Earnings results
- 8-K filed June 8, 2026 — Executive or director change
Companies like FedEx
Other S&P 500 companies in Air Freight & Logistics:
- CHRWC.H. RobinsonEden Prairie, Minnesota
- EXPDExpeditors InternationalSeattle, Washington
- UPSUnited Parcel ServiceSandy Springs, Georgia
More from Industrials
Questions about FedEx
Is FedEx's revenue growing?
Yes. Revenue for the twelve months to May 31, 2026 was $94.7 billion, up 7.7% from a year earlier, according to its SEC filings.
Is FedEx profitable?
Yes. It earned $4.4 billion in net income over the twelve months to May 31, 2026, a net margin of 4.7%.
Does FedEx have more cash or more debt?
At May 31, 2026 it had $13.3 billion in cash and $24.2 billion in debt, so more debt than cash.
When did FedEx last file financial results?
Its latest annual report (10-K) was filed with the SEC on July 20, 2026.
Which companies are similar to FedEx?
In the S&P 500, FedEx is grouped in Air Freight & Logistics within the Industrials sector. C.H. Robinson (CHRW), Expeditors International (EXPD), United Parcel Service (UPS) are in the same group.
Understand the numbers
Source: FedEx’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.