Fedex › Financials
Fedex financials
FDXTen years from Fedex’s own SEC filings. Fiscal years end in May.
Income statement
| May 2017fiscal year | May 2018fiscal year | May 2019fiscal year | May 2020fiscal year | May 2021fiscal year | May 2022fiscal year | May 2023fiscal year | May 2024fiscal year | May 2025fiscal year | May 2026fiscal year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.32B | $65.45B | $69.69B | $69.22B | $83.96B | $93.51B | $90.16B | $87.69B | $87.93B | $94.72B |
| Operating income | $4.57B | $4.27B | $4.47B | $2.42B | $5.86B | $6.25B | $4.91B | $5.56B | $5.22B | $5.46B |
| Net income | $3.00B | $4.57B | $540.0M | $1.29B | $5.23B | $3.83B | $3.97B | $4.33B | $4.09B | $4.43B |
| Earnings per share, diluted | $11.07 | $16.79 | $2.03 | $4.90 | $19.45 | $14.33 | $15.48 | $17.21 | $16.81 | $18.55 |
Balance sheet
| May 2017fiscal year | May 2018fiscal year | May 2019fiscal year | May 2020fiscal year | May 2021fiscal year | May 2022fiscal year | May 2023fiscal year | May 2024fiscal year | May 2025fiscal year | May 2026fiscal year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $3.97B | $3.27B | $2.32B | $4.88B | $7.09B | $6.90B | $6.86B | $6.50B | $5.50B | $13.31B |
| Total assets | $48.55B | $52.33B | $54.40B | $73.54B | $82.78B | $85.99B | $87.14B | $87.01B | $87.63B | $98.94B |
| Debt | $14.88B | $16.51B | $17.52B | $21.52B | $19.42B | $19.80B | $19.78B | $19.77B | $19.90B | $23.45B |
| Total liabilities | $32.48B | $32.91B | $36.65B | $55.24B | $58.61B | $61.05B | $61.05B | $59.42B | $59.55B | $67.29B |
| Shareholders' equity | $16.07B | $19.42B | $17.76B | $18.30B | $24.17B | $24.94B | $26.09B | $27.58B | $28.07B | $31.65B |
Cash flow
| May 2017fiscal year | May 2018fiscal year | May 2019fiscal year | May 2020fiscal year | May 2021fiscal year | May 2022fiscal year | May 2023fiscal year | May 2024fiscal year | May 2025fiscal year | May 2026fiscal year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.93B | $4.67B | $5.61B | $5.10B | $10.13B | $9.83B | $8.85B | $8.31B | $7.04B | $8.93B |
| Capital spending | $5.12B | $5.66B | $5.49B | $5.87B | $5.88B | $6.76B | $6.17B | $5.18B | $4.05B | $3.81B |
| Free cash flow | −$186.0M | −$989.0M | $123.0M | −$771.0M | $4.25B | $3.07B | $2.67B | $3.14B | $2.98B | $5.12B |
| Buybacks | $509.0M | $1.02B | $1.48B | $3.0M | — | $2.25B | $1.50B | $2.50B | $3.02B | $796.0M |
| Dividends | $426.0M | $535.0M | $683.0M | $679.0M | $686.0M | $793.0M | $1.18B | $1.26B | $1.34B | $1.37B |
| Returned to shareholders | $935.0M | $1.55B | $2.16B | $682.0M | $686.0M | $3.04B | $2.68B | $3.76B | $4.36B | $2.17B |
| Stock-based pay | $154.0M | $167.0M | $174.0M | $168.0M | $200.0M | $190.0M | $182.0M | $163.0M | $154.0M | $177.0M |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Fedex financials, answered
What is Fedex's market cap?
$69.45B at $293.55 a share, with 236,581,188 shares outstanding as of Jul 16, 2026, from the cover of its latest SEC filing.
How much does Fedex earn?
Revenue of $94.72B and net income of $4.43B in the fiscal 2026.
How much debt does Fedex have?
Fedex reported $23.45B of debt and $13.31B of cash and equivalents on its balance sheet in May 2026.
Does Fedex make free cash flow?
Yes. Operating cash flow minus capital spending was $5.12B in the fiscal 2026.
How much cash does Fedex return to shareholders?
$2.17B in buybacks and dividends in fiscal 2026, from the cash flow statement.