Industrials · Integrated Freight & Logistics
Price
$318.53
Market Cap
$76.0B
Employees
306,000
Beta
1.30
Avg Volume
2,374,450
CEO
Rajesh Subramaniam
Business Description
FedEx Corporation is a prominent global entity that delivers an extensive array of services encompassing transportation, e-commerce solutions, and diverse business support, catering to clients both within the United States and across international borders. Its operational structure is divided into several key segments: The FedEx Express division specializes in expedited shipping, offering rapid package and freight delivery, crucial time-sensitive logistics, and comprehensive cross-border, technological, and e-commerce transportation services. FedEx Ground focuses on reliable, scheduled delivery services for both commercial clients and individual households. The FedEx Freight unit manages less-than-truckload (LTL) cargo shipments, supported by a significant infrastructure that, as of May 31, 2022, included approximately 30,000 vehicles and 400 service centers. FedEx Services provides essential internal support functions across the company, such as sales, marketing, information technology, communications, customer and technical assistance, billing, collections, and other vital administrative operations. Finally, the Corporate, Other, and Eliminations segment broadens FedEx's offerings to include integrated supply chain management, specialized transportation, customs brokerage, global ocean and air freight forwarding, document and business services, and convenient retail access points for its package delivery operations. Established in 1971, FedEx Corporation maintains its headquarters in Memphis, Tennessee.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
18.78
Stock Price: $318.53
EPS (Diluted): 16.96
EPS (Diluted): 16.96
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.56
Stock Price: $318.53
Total Equity: $28.07B
Shares: 243,000,000
Total Equity: $28.07B
Shares: 243,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
10.06
Market Cap: $76.00B
Total Debt: $20.58B
Cash: $5.50B
EBITDA: $10.49B
Total Debt: $20.58B
Cash: $5.50B
EBITDA: $10.49B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$110.5B
Market Cap: $76.00B
Total Debt: $20.58B
Cash: $5.50B
Total Debt: $20.58B
Cash: $5.50B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
21.8%
Gross Profit: $19.00B
Revenue: $87.93B
Revenue: $87.93B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
7.0%
Operating Income: $6.08B
Revenue: $87.93B
Revenue: $87.93B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
4.7%
Net Income: $4.09B
Revenue: $87.93B
Revenue: $87.93B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
14.6%
Net Income: $4.09B
Total Equity: $28.07B
Total Equity: $28.07B
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
10.6%
Operating Income: $6.08B
Tax Rate: 24.8%
Equity: $28.07B
Total Debt: $20.58B
Cash: $5.50B
Tax Rate: 24.8%
Equity: $28.07B
Total Debt: $20.58B
Cash: $5.50B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.48
Current Assets: $18.39B
Current Liabilities: $15.41B
Current Liabilities: $15.41B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.73
Short-Term Debt: $1.43B
Long-Term Debt: $19.15B
Total Debt: $20.58B
Total Equity: $28.07B
Long-Term Debt: $19.15B
Total Debt: $20.58B
Total Equity: $28.07B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$361.84
Revenue: $87.93B
Shares: 243,000,000
Shares: 243,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$115.53
Total Equity: $28.07B
Shares: 243,000,000
Shares: 243,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$12.27
Operating CF: $7.04B
CapEx: -$4.06B
Shares: 243,000,000
CapEx: -$4.06B
Shares: 243,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.7%
Last Dividend: N/A
Stock Price: $318.53
Stock Price: $318.53
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $4.09B
Net Income: $4.09B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FDX against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 26, 2026 3:14am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $83.8B | $93.5B | $90.2B | $87.7B | $87.9B |
| Cost of Revenue | $66.0B | $73.3B | $71.0B | $68.7B | $68.9B |
| Gross Profit | $17.8B | $20.2B | $19.2B | $19.0B | $19.0B |
| Operating Expenses | $11.8B | $13.6B | $13.8B | $12.6B | $12.9B |
| Operating Income | $6.0B | $6.5B | $5.3B | $6.4B | $6.1B |
| Net Income | $5.2B | $3.8B | $4.0B | $4.3B | $4.1B |
| EBITDA | $11.3B | $9.6B | $10.2B | $10.9B | $10.5B |
| EPS | $19.77 | $14.52 | $15.61 | $17.44 | $16.96 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 26, 2026 3:14am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $7.1B | $6.9B | $6.9B | $6.5B | $5.5B |
| Total Current Assets | $20.6B | $20.4B | $18.6B | $18.2B | $18.4B |
| Total Assets | $82.8B | $86.0B | $87.1B | $87.0B | $87.6B |
| Current Liabilities | $13.7B | $14.3B | $13.6B | $13.4B | $15.4B |
| Long-Term Debt | $20.3B | $19.7B | $20.5B | $20.1B | $19.2B |
| Total Liabilities | $58.6B | $61.1B | $61.1B | $59.4B | $59.6B |
| Total Equity | $24.2B | $24.9B | $26.1B | $27.6B | $28.1B |
| Retained Earnings | $29.8B | $32.8B | $35.3B | $38.6B | $41.4B |
Cash Flow (Annual)
Last updated: Jun 26, 2026 3:14am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $10.1B | $9.8B | $8.8B | $8.3B | $7.0B |
| Capital Expenditure | -$5.9B | -$6.8B | -$6.2B | -$5.2B | -$4.1B |
| Free Cash Flow | $4.3B | $3.1B | $2.6B | $3.1B | $3.0B |
| Acquisitions (net) | -$228.0M | $94.0M | $84.0M | $114.0M | $115.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$2.2B | -$1.5B | -$2.5B | -$3.0B |
| Net Change in Cash | $2.2B | -$190.0M | -$74.0M | -$355.0M | -$999.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:41am (6h ago)| Metric | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|
| Revenue |
$94.3B $87.3B – $98.3B
|
$98.0B $97.2B – $98.8B
|
$99.1B $94.2B – $102.7B
|
$104.3B $99.1B – $108.0B
|
| EBITDA |
$10.9B $10.1B – $11.3B
|
$11.3B $11.2B – $11.4B
|
$11.4B $10.9B – $11.8B
|
$12.0B $11.4B – $12.5B
|
| Net Income |
$5.1B $4.7B – $6.3B
|
$5.8B $5.5B – $6.2B
|
$6.1B $5.7B – $6.4B
|
$7.1B $6.6B – $7.4B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 26, 2026 3:14am (1d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +11.6% | -3.6% | -2.7% | +0.3% |
| Gross Profit Growth | +13.4% | -5.0% | -1.1% | +0.2% |
| Operating Income Growth | +8.4% | -18.2% | +19.1% | -4.3% |
| Net Income Growth | -26.9% | +3.8% | +9.0% | -5.5% |
| EBITDA Growth | -15.1% | +7.1% | +6.2% | -3.4% |
Dividend History (Last 20)
Last updated: Jun 22, 2026 7:43am (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-22 | $1.22 | 2026-06-08 | 2026-06-22 | 2026-07-07 |
| 2026-03-09 | $1.45 | 2026-02-13 | 2026-03-09 | 2026-04-01 |
| 2025-12-15 | $1.45 | 2025-11-21 | 2025-12-15 | 2026-01-06 |
| 2025-09-08 | $1.45 | 2025-08-07 | 2025-09-08 | 2025-10-01 |
| 2025-06-23 | $1.45 | 2025-06-09 | 2025-06-23 | 2025-07-08 |
| 2025-03-10 | $1.38 | 2025-02-14 | 2025-03-10 | 2025-04-01 |
| 2024-12-09 | $1.38 | 2024-11-15 | 2024-12-09 | 2025-01-03 |
| 2024-09-09 | $1.38 | 2024-08-16 | 2024-09-09 | 2024-10-01 |
| 2024-06-24 | $1.38 | 2024-06-10 | 2024-06-24 | 2024-07-09 |
| 2024-03-08 | $1.26 | 2024-02-16 | 2024-03-11 | 2024-04-01 |
| 2023-12-08 | $1.26 | 2023-11-17 | 2023-12-11 | 2024-01-02 |
| 2023-09-08 | $1.26 | 2023-08-18 | 2023-09-11 | 2023-10-02 |
| 2023-06-09 | $1.26 | 2023-04-05 | 2023-06-12 | 2023-07-03 |
| 2023-03-10 | $1.15 | 2023-02-17 | 2023-03-13 | 2023-04-03 |
| 2022-12-09 | $1.15 | 2022-11-18 | 2022-12-12 | 2023-01-03 |
| 2022-09-01 | $1.15 | 2022-08-12 | 2022-09-02 | 2022-10-03 |
| 2022-06-24 | $1.15 | 2022-06-14 | 2022-06-27 | 2022-07-11 |
| 2022-03-04 | $0.75 | 2022-02-11 | 2022-03-07 | 2022-04-01 |
| 2021-12-10 | $0.75 | 2021-11-19 | 2021-12-13 | 2021-12-27 |
| 2021-09-02 | $0.75 | 2021-08-13 | 2021-09-03 | 2021-10-01 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for FDX — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30