Fedex (FDX) Stock Buybacks: 25.4% of Shares Retired Since 2011

Name: Fedex (FDX) shares outstanding since 1999, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings

1999, 298,256,8342026-07-16, 236,581,188

A share bought in 1999

1.3× more of Fedex today, without buying another share. It was one of 298,256,834 shares then. It is one of 236,581,188 now.

Every filing we read28 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
1999	1999-08-02	298,256,834	10-K	cover page
2000	2000-07-26	284,886,605	10-K405	cover page
2001	2001-07-20	297,508,056	10-K405	cover page
2002	2002-07-15	297,626,098	10-K	cover page
2003	2003-07-07	298,503,301	10-K	cover page
2004	2004-07-12	299,997,050	10-K	cover page
2005	2005-07-11	302,630,105	10-K	cover page
2006	2006-07-10	306,410,446	10-K	cover page
2007	2007-07-09	308,769,004	10-K	cover page
2008	2008-07-14	311,187,628	10-K	cover page
2009	2009-07-13	312,334,216	10-K	cover page
2010	2010-07-12	314,540,141	10-K
2011	2011-07-11	317,027,077	10-K
2012	2012-07-13	316,599,754	10-K
2013	2013-07-12	316,584,465	10-K
2014	2014-07-11	285,423,144	10-K
2015	2015-07-10	282,430,208	10-K
2016	2016-07-14	265,524,323	10-K
2017	2017-07-13	268,257,434	10-K
2018	2018-07-12	265,924,840	10-K
2019	2019-07-12	260,808,410	10-K
2020	2020-07-16	261,954,496	10-K
2021	2021-07-15	267,348,232	10-K
2022	2022-07-14	259,845,660	10-K
2023	2023-07-13	251,187,242	10-K
2024	2024-07-11	244,302,246	10-K
2025	2025-07-17	235,899,098	10-K
2026	2026-07-16	236,581,188	10-K	cover page

Source: all 10-K filings of Fedex on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

Fedex buybacks, answered

Is Fedex buying back its stock?

Only enough to stand still. The share count is roughly flat over the last twelve months, at 236,581,188 as of July 16, 2026. Over five years the share count is down 10.9%.

How many shares has Fedex bought back?

Net of every new share it issued, Fedex has 80.4 million fewer shares than at its 2011 peak. That is 25.4% of the company. Since fiscal 2012 alone it bought back about 124.6 million shares, while the count fell by 80.0 million. The difference went to employees and other new shares.

How many shares does Fedex have outstanding?

236,581,188 shares, as of July 16, 2026, from the cover page of its latest 10-K. At the 2011 peak it had 317,027,077.

What do Fedex's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Fedex stock in 2011 owns 1.3 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Fedex compare with other cannibal stocks?

Fedex ranks No. 200 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: D.R. Horton (25.7%), Lithia Motors (25.5%), Pnc Financial Services Group (25.3%), Lennar (25.3%).

Every answer is computed from Fedex's own SEC filings and rebuilt every Monday. Latest count: 10-K on EDGAR.

Superinvestors who own it

Tweedy BrowneTweedy, Browne10,774 shares, $3.4M, Q2 2026

Andreas HalvorsenViking Global Investors2,151,983 shares, $673.9M, Q2 2026

Mason HawkinsSoutheastern Asset Management194,828 shares, $61.0M, Q2 2026

Gates FoundationGates Foundation Trust2,384,362 shares, $746.6M, Q2 2026

From the latest 13F filings. All superinvestors.

Fedex