NYSE · Financials

FedEx Corporation financials & valuation

Reported statements, fiscal periods and valuation definitions in one place.

Last confirmed price: $298.72-1.71%; Oct 23, 2026, 4:00 PM EDT · Prices may be delayed
Market cap · last reported: $70.7B; Oct 24, 2026 · Valuation and sources

Data dates

Prices as of Oct 23, 4:00 PM EDT · Fundamentals checked Oct 24, 2:13 PM EDT · Statement period ended May 31, 2026

Financial statements

Period Statement

Show / hide line items

Revenue

94.72B

FY2026 · ended May 31, 2026

Operating Income

5.46B

FY2026 · ended May 31, 2026

Net Income

4.43B

FY2026 · ended May 31, 2026

Amounts in USD. B = billions · M = millions. Scroll horizontally for earlier periods.

Sources, units & calculation notes

Reported statement data. Per-share figures are in USD/share; margins in %, debt/equity in ×. TTM sums four consecutive quarters; balance sheets remain period-end balances. A trailing-twelve-month EPS figure is not the sum of the quarterly EPS cells. Growth requires comparable positive values. EPS reflects the reported share count and any stock splits. A missing quarter may show calculated EPS when the necessary net income and share figures are available. EPS comparisons require consistent accounting and split adjustments. Use Tab to move between controls and arrow keys within the table.

FDX annual income
FY2026Ended May 31, 2026Filed Jul 20, 2026Source filing	FY2025Ended May 31, 2025As reported in the Jul 20, 2026 filingSource filing	FY2024Ended May 31, 2024As reported in the Jul 20, 2026 filingSource filing	FY2023Ended May 31, 2023Filed Jul 21, 2025Source filing	1Y change	3Y annual growth
94.72B	87.93B	87.69B	90.16B	7.7%	1.7%
4.43B	4.09B	4.33B	3.97B	8.3%	3.7%
5.46B	5.22B	5.56B	4.91B	4.7%	3.6%

Earnings quality · May 31, 2026

Net income: 4.43B
Free cash flow: 5.12B
Stock-based compensation: 177M
FCF / net income: 115.4%
Accrual gap / revenue: -4.7%
Cash conversion: Strong cash conversion

Accrual gap = (net income − operating cash flow) / revenue. TECHi descriptive thresholds: strong ≥100%, moderate 75–100%, weak <75%. CapEx timing, working capital and industry structure affect the ratio; it is not an accounting audit.

Download quarterly income CSV

Changes between reports

Q4 May 31, 2026 versus Q3 Feb 28, 2026

Reported periods shown above are compared directly; a missing intervening quarter is not inferred. Margin changes are in percentage points (pp).

Revenue: 25.01B↑ +4.2%; Previous: 24B · USD
Operating margin: 6.20%↑ +0.6 pp; Previous: 5.62%
Net margin: 6.39%↑ +2.0 pp; Previous: 4.40%
Cash: 13.31B↑ +66.2%; Previous: 8.01B · USD
Debt: 24.97B↑ +930.9%; Previous: 2.42B · USD
Capex: 1.47B↑ +54.3%; Previous: 955M · USD
Stock-based compensation: 41M↑ +10.8%; Previous: 37M · USD

Reported-period comparison. Guidance and risk-factor changes require reading the filings.

Read the filings

Valuation & ratios

Multiples with negative or missing earnings are not meaningful. Annual free cash flow yield uses the latest fiscal year; provider forward multiples may use a different earnings horizon.

Enterprise value is market cap plus total debt minus cash (balance sheet May 31, 2026): market cap $70.67B, total debt $24.97B, cash $13.31B.

Valuation history and definitions

5Y median / percentile: Five-year observations unavailable
Forward EPS vs trailing EPS: -4.23%
PEG: —PEG is the forward P/E divided by the expected EPS growth rate in percent.

EPS growth proxy compares the available annual estimate (FY2026 period end 2026-12-31) with trailing EPS; it is not a multi-year consensus growth rate. Historical valuation uses dated observations, using price divided by the annual EPS estimate recorded that day. P/E observations without a stated earnings period are excluded. Available P/E observations: 22 since 2026-09-26.

Why valuation ratios differ

Forward P/E can use next fiscal year, current fiscal year or next-twelve-month earnings; trailing P/E can use GAAP or adjusted earnings and different closing prices. TECHi compares figures with the same earnings basis and reporting period. Different definitions are not averaged together.

Metric	Value / formula	Reporting period and date
Trailing P/E	16.10	Oct 24, 2026, 2:13 PM EDT
Trailing EPS	18.55	Oct 24, 2026, 2:13 PM EDT
Price ÷ annual EPS estimate	16.81×	TECHi calculation · FY2026 period end 2026-12-31

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