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About

FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally. It operates through Federal Express and FedEx Freight segments. The company offers transportation services, including express, freight, less-than-truckload freight, and time-specific freight-shipping; and small-package ground delivery services. It also provides e-commerce and digital solutions; dataworks; printing and shipping management, including digital printing, professional finishing, document creation, design solutions, direct mail, signs and graphics, custom-branded boxes, copying, computer rental, free Wi-Fi, corporate print solutions, shredding, expedited U.S. passport processing and renewal, and digital notarization; packing services, as well as packing supplies and boxes; document and business services; and retail access for package transportation. In addition, the company offers logistics services, air and ocean freight-forwarding and cargo transportation, specialty transportation, customs brokerage and clearance, trade management tools and data, and door-to-door solutions; and third party logistics and supply chain management solutions, such as inbound logistics, warehousing and distribution, fulfillment, contract packaging and product configuration, systems integration, returns process and disposition, test, repair, refurbishment, and product liquidation. Further, it provides sales, marketing, administrative, information technology, and back-office support services. FedEx Corporation was founded in 1971 and is headquartered in Memphis, Tennessee.

Fundamentals
Scroll to Statements
Sector Industrials Industry Integrated Freight & Log Market Cap 91.21B
Enterprise Value — Income 4.33B Sales 90.09B
Book/sh 119.75 Cash/sh — Dividend Yield 151.00%
Payout 31.32% Employees 300000 IPO —
P/E 21.39 Forward P/E 17.87 PEG —
P/S 1.01 P/B 3.23 P/C —
EV/EBITDA — EV/Sales — Quick Ratio 1.17
Current Ratio 1.27 Debt/Eq — LT Debt/Eq —
EPS (ttm) 18.07 EPS next Y 21.63 EPS Growth -13.30%
Revenue Growth 13.90% Earnings 2026-03-19 ROA 5.07%
ROE 15.89% ROIC — Gross Margin 27.62%
Oper. Margin 7.64% Profit Margin 4.81% Shs Outstand 235.12M
Shs Float 217.12M Short Float 1.40% Short Ratio 1.81
Short Interest — 52W High 391.27 52W Low 194.30
Beta 1.34 Avg Volume 1.83M Volume 891.74K
Target Price $371.82 Recom Buy Prev Close $383.71
Price $386.56 Change 0.74%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$371.82
Mean price target
2. Current target
$386.56
Latest analyst target
3. DCF / Fair value
$355.38
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$386.56
Low
$220.00
High
$479.00
Mean
$371.82

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-24 main Evercore ISI Group In-Line → In-Line $380
2026-02-13 main TD Cowen Buy → Buy $383
2026-02-13 main Evercore ISI Group In-Line → In-Line $364
2026-02-13 main Stephens & Co. Overweight → Overweight $405
2026-02-13 main Wells Fargo Overweight → Overweight $430
2026-02-13 main BMO Capital Market Perform → Market Perform $400
2026-02-10 main Barclays Overweight → Overweight $450
2026-02-05 main Citigroup Buy → Buy $401
2026-02-04 main UBS Buy → Buy $412
2026-02-03 up Wells Fargo Equal-Weight → Overweight $380
2026-01-21 down Rothschild & Co Buy → Neutral $317
2026-01-09 main Bernstein Market Perform → Market Perform $306
2025-12-19 main Citigroup Buy → Buy $327
2025-12-19 main Truist Securities Buy → Buy $330
2025-12-19 main Morgan Stanley Underweight → Underweight $210
2025-12-19 main BMO Capital Market Perform → Market Perform $290
2025-12-19 main JP Morgan Neutral → Neutral $294
2025-12-19 main Jefferies Buy → Buy $326
2025-12-19 main Stifel Buy → Buy $328
2025-12-19 main Wells Fargo Equal-Weight → Equal-Weight $295
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 13225 2153294 — Conversion of Exercise of derivative security at price 162.82 per share. SUBRAMANIAM RAJESH Chief Executive Officer — 2026-02-18 00:00:00 D
1 823 — — Stock Award(Grant) at price 0.00 per share. WALSH PAUL S Director — 2025-09-29 00:00:00 D
2 823 — — Stock Award(Grant) at price 0.00 per share. LANE AMY BETH Director — 2025-09-29 00:00:00 D
3 1118 69881 — Stock Award(Grant) at price 0.00 - 236.88 per share. SCHWAB SUSAN C Director — 2025-09-29 00:00:00 D
4 6401 — — Stock Award(Grant) at price 0.00 per share. MARTIN ROBERT BRAD Officer and Director — 2025-09-29 00:00:00 D
5 823 — — Stock Award(Grant) at price 0.00 per share. GORMAN STEPHEN E Director — 2025-09-29 00:00:00 D
6 1118 69881 — Stock Award(Grant) at price 0.00 - 236.88 per share. DAVILA SILVIA Director — 2025-09-29 00:00:00 D
7 1414 139999 — Stock Award(Grant) at price 0.00 - 236.88 per share. GRIFFITH SUSAN PATRICIA Director — 2025-09-29 00:00:00 D
8 1118 69881 — Stock Award(Grant) at price 0.00 - 236.88 per share. ELLISON MARVIN R Director — 2025-09-29 00:00:00 D
9 1414 139999 — Stock Award(Grant) at price 0.00 - 236.88 per share. RAMO JOSHUA COOPER Director — 2025-09-29 00:00:00 D
Financials
Line Item2025-05-312024-05-312023-05-312022-05-31
TaxEffectOfUnusualItems-192.70M-190.66M-110.33M-60.88M
TaxRateForCalcs0.250.260.260.22
NormalizedEBITDA11.27B11.61B10.66B9.83B
TotalUnusualItems-777.00M-739.00M-426.00M-278.00M
TotalUnusualItemsExcludingGoodwill-777.00M-739.00M-426.00M-278.00M
NetIncomeFromContinuingOperationNetMinorityInterest4.09B4.33B3.97B3.83B
ReconciledDepreciation4.26B4.29B4.18B3.97B
ReconciledCostOfRevenue68.93B68.74B70.99B73.34B
EBITDA10.49B10.87B10.23B9.55B
EBIT6.23B6.58B6.06B5.58B
NetInterestIncome-426.00M-375.00M-496.00M-636.00M
InterestExpense789.00M745.00M694.00M689.00M
InterestIncome363.00M370.00M198.00M53.00M
NormalizedIncome4.68B4.88B4.29B4.04B
NetIncomeFromContinuingAndDiscontinuedOperation4.09B4.33B3.97B3.83B
TotalExpenses81.93B81.39B84.82B86.99B
RentExpenseSupplemental4.65B4.57B4.74B4.71B
TotalOperatingIncomeAsReported5.22B5.56B4.91B6.25B
DilutedAverageShares243.43M251.66M256.59M266.99M
BasicAverageShares243.00M251.00M256.00M266.00M
DilutedEPS16.8117.2115.4814.33
BasicEPS16.8417.2515.5214.38
DilutedNIAvailtoComStockholders4.09B4.33B3.97B3.82B
NetIncomeCommonStockholders4.09B4.33B3.97B3.82B
OtherunderPreferredStockDividend5.00M6.00M6.00M7.00M
NetIncome4.09B4.33B3.97B3.83B
NetIncomeIncludingNoncontrollingInterests4.09B4.33B3.97B3.83B
NetIncomeContinuousOperations4.09B4.33B3.97B3.83B
TaxProvision1.35B1.50B1.39B1.07B
PretaxIncome5.44B5.84B5.36B4.90B
OtherIncomeExpense-127.00M-87.00M521.00M-991.00M
OtherNonOperatingIncomeExpenses650.00M652.00M947.00M-713.00M
SpecialIncomeCharges-777.00M-739.00M-426.00M-278.00M
OtherSpecialCharges393.00M
ImpairmentOfCapitalAssets21.00M157.00M117.00M0.00
RestructuringAndMergernAcquisition756.00M582.00M309.00M278.00M
NetNonOperatingInterestIncomeExpense-426.00M-375.00M-496.00M-636.00M
InterestExpenseNonOperating789.00M745.00M694.00M689.00M
InterestIncomeNonOperating363.00M370.00M198.00M53.00M
OperatingIncome5.99B6.30B5.34B6.52B
OperatingExpense13.00B12.65B13.83B13.64B
OtherOperatingExpenses13.00B12.65B13.83B13.64B
SellingGeneralAndAdministration-722.00M-1.05B726.00M-1.98B
GeneralAndAdministrativeExpense-722.00M-1.05B726.00M-1.98B
SalariesAndWages-722.00M-1.05B726.00M-1.98B
GrossProfit19.00B18.95B19.17B20.17B
CostOfRevenue68.93B68.74B70.99B73.34B
TotalRevenue87.93B87.69B90.16B93.51B
OperatingRevenue87.93B87.69B90.16B93.51B
Line Item2025-05-312024-05-312023-05-312022-05-31
TreasurySharesNumber80.00M73.70M66.81M58.15M
OrdinarySharesNumber238.00M244.30M251.19M259.85M
ShareIssued318.00M318.00M318.00M318.00M
NetDebt15.08B13.70B13.72B12.90B
TotalDebt37.42B37.72B38.33B37.19B
TangibleBookValue21.47B21.16B19.65B18.09B
InvestedCapital48.65B47.78B46.67B44.73B
WorkingCapital2.98B4.85B5.02B6.09B
NetTangibleAssets21.47B21.16B19.65B18.09B
CapitalLeaseObligations16.84B17.52B17.75B17.40B
CommonStockEquity28.07B27.58B26.09B24.94B
TotalCapitalization47.23B47.72B46.54B44.69B
TotalEquityGrossMinorityInterest28.07B27.58B26.09B24.94B
StockholdersEquity28.07B27.58B26.09B24.94B
GainsLossesNotAffectingRetainedEarnings-1.36B-1.36B-1.33B-1.10B
OtherEquityAdjustments-1.36B-1.36B-1.33B-1.10B
TreasuryStock16.29B13.73B11.64B10.48B
RetainedEarnings41.40B38.65B35.26B32.78B
AdditionalPaidInCapital4.29B3.99B3.77B3.71B
CapitalStock32.00M32.00M32.00M32.00M
CommonStock32.00M32.00M32.00M32.00M
TotalLiabilitiesNetMinorityInterest59.55B59.42B61.05B61.05B
TotalNonCurrentLiabilitiesNetMinorityInterest44.14B46.07B47.47B46.78B
OtherNonCurrentLiabilities783.00M689.00M695.00M682.00M
EmployeeBenefits1.70B2.01B3.13B4.45B
NonCurrentPensionAndOtherPostretirementBenefitPlans1.70B2.01B3.13B4.45B
NonCurrentAccruedExpenses4.03B3.70B3.34B2.89B
NonCurrentDeferredLiabilities4.21B4.48B4.49B4.09B
NonCurrentDeferredTaxesLiabilities4.21B4.48B4.49B4.09B
LongTermDebtAndCapitalLeaseObligation33.42B35.19B35.82B34.67B
LongTermCapitalLeaseObligation14.27B15.05B15.36B14.92B
LongTermDebt19.15B20.14B20.45B19.75B
CurrentLiabilities15.41B13.36B13.59B14.27B
CurrentDebtAndCapitalLeaseObligation3.99B2.53B2.52B2.52B
CurrentCapitalLeaseObligation2.56B2.46B2.39B2.48B
CurrentDebt1.43B68.00M126.00M50.00M
OtherCurrentBorrowings1.43B68.00M126.00M50.00M
PensionandOtherPostRetirementBenefitPlansCurrent1.65B1.92B1.65B1.78B
PayablesAndAccruedExpenses9.77B8.91B9.42B9.97B
CurrentAccruedExpenses5.71B5.38B5.27B5.41B
Payables4.06B3.52B4.15B4.56B
TotalTaxPayable372.00M334.00M305.00M532.00M
AccountsPayable3.69B3.19B3.85B4.03B
TotalAssets87.63B87.01B87.14B85.99B
TotalNonCurrentAssets69.24B68.80B68.53B65.63B
OtherNonCurrentAssets4.54B3.77B4.05B4.08B
GoodwillAndOtherIntangibleAssets6.60B6.42B6.43B6.84B
OtherIntangibleAssets234.00M301.00M352.00M
Goodwill6.60B6.42B6.43B6.54B
NetPPE58.09B58.61B58.05B54.70B
AccumulatedDepreciation-45.98B-42.90B-39.93B-37.18B
GrossPPE104.08B101.51B97.97B91.89B
OtherProperties35.33B34.99B34.19B31.54B
MachineryFurnitureEquipment26.21B25.42B24.49B22.66B
CurrentAssets18.39B18.21B18.61B20.36B
OtherCurrentAssets914.00M1.00B962.00M968.00M
PrepaidAssets968.00M837.00M
Inventory602.00M614.00M604.00M637.00M
Receivables11.37B10.09B10.19B11.86B
AccountsReceivable11.37B10.09B10.19B11.86B
AllowanceForDoubtfulAccountsReceivable-773.00M-775.00M-800.00M-692.00M
GrossAccountsReceivable12.14B10.86B10.99B12.55B
CashCashEquivalentsAndShortTermInvestments5.50B6.50B6.86B6.90B
CashAndCashEquivalents5.50B6.50B6.86B6.90B
Line Item2025-05-312024-05-312023-05-312022-05-31
FreeCashFlow2.98B3.14B2.67B3.07B
RepurchaseOfCapitalStock-3.02B-2.50B-1.50B-2.25B
RepaymentOfDebt-157.00M-147.00M-152.00M-161.00M
IssuanceOfDebt0.000.004.21B
IssuanceOfCapitalStock524.00M491.00M231.00M184.00M
CapitalExpenditure-4.05B-5.18B-6.17B-6.76B
InterestPaidSupplementalData814.00M744.00M694.00M695.00M
IncomeTaxPaidSupplementalData1.28B1.55B1.10B751.00M
EndCashPosition5.50B6.50B6.86B6.90B
BeginningCashPosition6.50B6.86B6.90B7.09B
EffectOfExchangeRateChanges76.00M-41.00M-118.00M-187.00M
ChangesInCash-1.07B-314.00M77.00M-3.00M
FinancingCashFlow-4.02B-3.43B-2.60B-3.02B
CashFlowFromContinuingFinancingActivities-4.02B-3.43B-2.60B-3.02B
NetOtherFinancingCharges-30.00M-11.00M1.00M-1.00M
CashDividendsPaid-1.34B-1.26B-1.18B-793.00M
CommonStockDividendPaid-1.34B-1.26B-1.18B-793.00M
NetCommonStockIssuance-2.49B-2.01B-1.27B-2.06B
CommonStockPayments-3.02B-2.50B-1.50B-2.25B
CommonStockIssuance524.00M491.00M231.00M184.00M
NetIssuancePaymentsOfDebt-157.00M-147.00M-152.00M-161.00M
NetLongTermDebtIssuance-157.00M-147.00M-152.00M-161.00M
LongTermDebtPayments-157.00M-147.00M-152.00M-161.00M
LongTermDebtIssuance0.000.004.21B
InvestingCashFlow-4.09B-5.20B-6.17B-6.82B
CashFlowFromContinuingInvestingActivities-4.09B-5.20B-6.17B-6.82B
NetOtherInvestingChanges115.00M114.00M84.00M94.00M
NetInvestmentPurchaseAndSale-152.00M-138.00M-84.00M-147.00M
SaleOfInvestment110.00M38.00M0.000.00
PurchaseOfInvestment-262.00M-176.00M-84.00M-147.00M
NetBusinessPurchaseAndSale0.000.00-228.00M
PurchaseOfBusiness0.000.00-228.00M
CapitalExpenditureReported-4.05B-5.18B-6.17B-6.76B
OperatingCashFlow7.04B8.31B8.85B9.83B
CashFlowFromContinuingOperatingActivities7.04B8.31B8.85B9.83B
ChangeInWorkingCapital-4.70B-3.43B-3.14B-3.12B
ChangeInOtherWorkingCapital-565.00M-565.00M-639.00M-790.00M
ChangeInOtherCurrentAssets90.00M-43.00M48.00M-158.00M
ChangeInPayablesAndAccruedExpense-2.44B-2.55B-3.33B-1.86B
ChangeInPayable-2.44B-2.55B-3.33B-1.86B
ChangeInAccountPayable-2.44B-2.55B-3.33B-1.86B
ChangeInReceivables-1.78B-270.00M782.00M-310.00M
OtherNonCashItems3.20B2.94B3.50B2.98B
StockBasedCompensation154.00M163.00M182.00M190.00M
ProvisionandWriteOffofAssets521.00M421.00M696.00M403.00M
AssetImpairmentCharge21.00M157.00M117.00M0.00
DeferredTax3.47B2.93B2.89B
DeferredIncomeTax3.47B2.93B2.89B
DepreciationAmortizationDepletion4.26B4.29B4.18B3.97B
DepreciationAndAmortization4.26B4.29B4.18B3.97B
OperatingGainsLosses-515.00M-561.00M-650.00M1.58B
PensionAndEmployeeBenefitExpense-515.00M-561.00M-650.00M1.58B
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations4.09B4.33B3.97B3.83B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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