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FDX · NYSE · United States · Air Courier Services
In shortFEDEX CORP is profitable, generates cash and carries moderate debt, with revenue growing (+7.7% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 5.8% | 36/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 4.7% | 39/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 14.8% | 74/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 7.4% | 49/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.48× | 56/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.79× | 67/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.19× | 80/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.63× | 39/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.93 | 47/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 5.4% | 42/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.15× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 6.6% | 87/100 |
| Operating margin volatility | 0.5% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.7% | 26/100 |
|---|---|---|
| EPS growth, 3-year average | 6.2% | 56/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 93,512 | 90,155 | 87,693 | 87,926 | 94,720 |
| Operating income | 6,245 | 4,912 | 5,559 | 5,217 | 5,463 |
| Interest expense | 689 | 694 | 745 | 789 | 970 |
| Pre-tax income | 4,896 | 5,363 | 5,836 | 5,441 | 5,793 |
| Income tax | 1,070 | 1,391 | 1,505 | 1,349 | 1,360 |
| Net income | 3,826 | 3,972 | 4,331 | 4,092 | 4,433 |
| Diluted EPS | $14.33 | $15.48 | $17.21 | $16.81 | $18.55 |
| Diluted shares (millions) | 266 | 256 | 251 | 243 | 239 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
2.93 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: May 31, 2026 · Data updated Jul 20, 2026