FedEx (FDX) balance sheet
NYSE · Industrials · Integrated Freight & Logistics · 530,000 employees · CEO Rajesh Subramaniam
- Price
- $313.28 +1.77%
- Market cap
- $73.4B
- Enterprise value
- $99.5B
- Last report
- Q1 '27 filed 2026-10-28
- Next report
- 2027-02-02 EPS est. $6.40
At the end of Q1 '27 FedEx (FDX) held $11.2B in cash and short-term investments against $34.1B of debt incl. leases. Total assets $92.9B, total liabilities $58.4B, shareholders' equity $34.6B.
Balance sheet
| Balance sheet | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $6.73B | $5.64B | $6.5B | $5.94B | $5.03B | $5.14B | $5.5B | $6.17B | $6.57B | $8.01B | $13.3B | $7.96B | |
| Short-term investments | $0 | $0 | $0 | $76M | $77M | $72M | $70M | $71M | $0 | $0 | $0 | $3.25B | |
| Receivables | $10.7B | $9.9B | $10.1B | $10.3B | $10.7B | $10.2B | $11.4B | $11.5B | $12.2B | $11.8B | $12.7B | $10.9B | |
| Inventory | $632M | $640M | $614M | $611M | $620M | $617M | $602M | $604M | $631M | $631M | $669M | $646M | |
| Other current assets | $1.09B | $1.24B | $1.01B | $1.23B | $1.34B | $1.23B | $13M | $987M | $0 | $3.68B | $0 | $0 | |
| Current assets | $19.1B | $17.4B | $18.2B | $18.1B | $17.7B | $17.2B | $18.4B | $19.3B | $20.7B | $25.5B | $27.9B | $25B | |
| Property, plant & equipment (net) | $58.8B | $58.5B | $58.6B | $58.3B | $57.8B | $57.4B | $58.1B | $57.8B | $41.3B | $41.5B | $58.9B | $54.1B | |
| Long-term investments | $0 | $0 | $0 | $414M | $400M | $447M | $506M | $535M | $0 | $0 | $0 | $2.5B | |
| Goodwill | $6.47B | $6.43B | $6.42B | $6.51B | $6.29B | $6.33B | $6.6B | $6.67B | $6.63B | $6.76B | $6.73B | $0 | |
| Deferred tax assets | $0 | $0 | $1.31B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-current assets | $3.69B | $3.8B | $2.46B | $3.34B | $3.24B | $3.62B | $4.04B | $4.11B | $20.6B | $21B | $5.44B | $11.3B | |
| Non-current assets | $68.9B | $68.7B | $68.8B | $68.6B | $67.8B | $67.8B | $69.2B | $69.1B | $68.5B | $69.3B | $71B | $67.9B | |
| Total assets | $88.1B | $86.1B | $87B | $86.7B | $85.5B | $85B | $87.6B | $88.4B | $89.2B | $94.7B | $98.9B | $92.9B | |
| Liabilities | |||||||||||||
| Accounts payable | $4B | $3.78B | $3.19B | $3.74B | $3.9B | $3.6B | $3.69B | $4.22B | $4.66B | $4.15B | $4.33B | $6.96B | |
| Accrued expenses | $7.48B | $7.01B | $5.39B | $7.24B | $7.37B | $7.16B | $5.71B | $7.83B | $5.31B | $8.09B | $6.78B | $2.23B | |
| Short-term debt | $334M | $67M | $68M | $622M | $592M | $611M | $1.43B | $883M | $901M | $2.42B | $2.42B | $2.05B | |
| Taxes payable | $0 | $0 | $334M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | $0 | $0 | $1.92B | $0 | $0 | $0 | $1.65B | $0 | $2.72B | $0 | $2.31B | $5.09B | |
| Current liabilities | $14.2B | $13.3B | $13.4B | $14.1B | $14.4B | $13.9B | $15.4B | $15.5B | $16.2B | $17.3B | $18.9B | $18.8B | |
| Long-term debt | $20.2B | $20.1B | $20.1B | $19.7B | $19.4B | $19.5B | $19.2B | $20.3B | $20.3B | $22.8B | $23.3B | $17.3B | |
| Lease obligations (non-current) | $15.2B | $14.9B | $15.1B | $15B | $14.7B | $14.4B | $14.3B | $14.1B | $14B | $14.1B | $14.5B | $12.3B | |
| Deferred tax liabilities | $4.39B | $4.38B | $4.48B | $4.49B | $4.44B | $4.31B | $4.21B | $4.05B | $3.9B | $3.84B | $3.66B | $3.01B | |
| Other non-current liabilities | $7.24B | $7.05B | $6.4B | $6.31B | $6.05B | $6.24B | $6.51B | $6.64B | $6.69B | $6.83B | $6.87B | $6.94B | |
| Non-current liabilities | $47B | $46.4B | $46.1B | $45.4B | $44.6B | $44.4B | $44.1B | $45.1B | $44.8B | $47.6B | $48.4B | $39.5B | |
| Total liabilities | $61.3B | $59.7B | $59.4B | $59.5B | $59B | $58.3B | $59.6B | $60.6B | $61B | $64.9B | $67.3B | $58.4B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | |
| Retained earnings | $36.6B | $37.2B | $38.6B | $38.8B | $39.2B | $39.8B | $41.4B | $41.5B | $42.2B | $42.9B | $44.5B | $49.7B | |
| Accumulated other comprehensive income | -$1.29B | -$1.34B | -$1.36B | -$1.33B | -$1.52B | -$1.5B | -$1.36B | -$1.37B | -$1.41B | -$1.22B | -$1.23B | -$1.77B | |
| Shareholders' equity | $26.8B | $26.4B | $27.6B | $27.2B | $26.5B | $26.7B | $28.1B | $27.8B | $28.1B | $29.8B | $31.6B | $34.6B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $38.2B | $37.5B | $37.7B | $37.8B | $37.3B | $37B | $37.4B | $37.9B | $37.8B | $42B | $42.9B | $34.1B | |
| Net debt (debt - cash) | $31.5B | $31.9B | $31.2B | $31.8B | $32.2B | $31.9B | $31.9B | $31.7B | $31.2B | $34B | $29.6B | $26.2B | |
| Balance sheet | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $3.97B | $3.27B | $2.32B | $4.88B | $7.09B | $6.9B | $6.86B | $6.5B | $5.5B | $13.3B | |
| Short-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $70M | $0 | |
| Receivables | $7.6B | $8.48B | $9.12B | $10.1B | $12.1B | $11.9B | $10.2B | $10.1B | $11.4B | $12.7B | |
| Inventory | $514M | $525M | $553M | $572M | $587M | $637M | $604M | $614M | $602M | $669M | |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $929M | $1.01B | $13M | $0 | |
| Current assets | $12.6B | $13.3B | $13.1B | $16.4B | $20.6B | $20.4B | $18.6B | $18.2B | $18.4B | $27.9B | |
| Property, plant & equipment (net) | $26B | $28.2B | $30.4B | $47.5B | $51.1B | $54.7B | $58B | $58.6B | $58.1B | $58.9B | |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $506M | $0 | |
| Goodwill | $7.15B | $6.97B | $6.88B | $6.37B | $6.99B | $6.54B | $6.44B | $6.42B | $6.6B | $6.73B | |
| Intangible assets | $529M | $480M | $416M | $322M | $352M | $301M | $0 | $0 | $0 | $0 | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.31B | $0 | $0 | |
| Other non-current assets | $2.26B | $3.38B | $3.59B | $2.94B | $3.72B | $4.08B | $4.05B | $2.46B | $4.04B | $5.44B | |
| Non-current assets | $35.9B | $39B | $41.3B | $57.2B | $62.2B | $65.6B | $68.5B | $68.8B | $69.2B | $71B | |
| Total assets | $48.6B | $52.3B | $54.4B | $73.5B | $82.8B | $86B | $87.1B | $87B | $87.6B | $98.9B | |
| Liabilities | |||||||||||
| Accounts payable | $2.75B | $2.98B | $3.03B | $3.27B | $3.84B | $4.03B | $3.85B | $3.19B | $3.69B | $4.33B | |
| Accrued expenses | $3.38B | $3.3B | $3.4B | $3.55B | $4.55B | $5.41B | $5.27B | $5.39B | $5.71B | $6.78B | |
| Short-term debt | $22M | $1.34B | $964M | $0 | $50M | $50M | $126M | $68M | $1.43B | $2.42B | |
| Taxes payable | $283M | $334M | $304M | $417M | $637M | $532M | $305M | $334M | $0 | $0 | |
| Other current liabilities | $1.48B | $1.68B | $1.32B | $1.13B | $2.28B | $1.78B | $1.65B | $1.92B | $1.65B | $2.31B | |
| Current liabilities | $7.92B | $9.63B | $9.01B | $10.3B | $13.7B | $14.3B | $13.6B | $13.4B | $15.4B | $18.9B | |
| Long-term debt | $14.9B | $15.2B | $16.6B | $21.5B | $20.3B | $19.7B | $20.5B | $20.1B | $19.2B | $23.3B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $12.6B | $13.8B | $14.9B | $15.4B | $15.1B | $14.3B | $14.5B | |
| Deferred revenue (non-current) | $137M | $121M | $99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred tax liabilities | $2.49B | $2.87B | $2.82B | $3.16B | $3.93B | $4.09B | $4.49B | $4.48B | $4.21B | $3.66B | |
| Other non-current liabilities | $7.03B | $5.06B | $8.1B | $7.59B | $6.91B | $8.02B | $7.16B | $6.4B | $6.51B | $6.87B | |
| Non-current liabilities | $24.6B | $23.3B | $27.6B | $44.9B | $44.9B | $46.8B | $47.5B | $46.1B | $44.1B | $48.4B | |
| Total liabilities | $32.5B | $32.9B | $36.6B | $55.2B | $58.6B | $61.1B | $61.1B | $59.4B | $59.6B | $67.3B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | |
| Retained earnings | $20.8B | $24.8B | $24.6B | $25.2B | $29.8B | $32.8B | $35.3B | $38.6B | $41.4B | $44.5B | |
| Accumulated other comprehensive income | -$415M | -$578M | -$865M | -$1.15B | -$732M | -$1.1B | -$1.33B | -$1.36B | -$1.36B | -$1.23B | |
| Shareholders' equity | $16.1B | $19.4B | $17.8B | $18.3B | $24.2B | $24.9B | $26.1B | $27.6B | $28.1B | $31.6B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $14.9B | $16.6B | $17.6B | $36.1B | $36.5B | $37.2B | $38.3B | $37.7B | $37.4B | $42.9B | |
| Net debt (debt - cash) | $11B | $13.3B | $15.3B | $31.2B | $29.4B | $30.3B | $31.5B | $31.2B | $31.9B | $29.6B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-K 2026-05-31, 10-Q 2026-02-28, 10-Q 2025-11-30, 10-Q 2025-08-31, 10-K 2025-05-31, 10-Q 2025-02-28, 10-Q 2024-11-30, 10-Q 2024-08-31
Data as of 2026-11-01