FedEx Corporation (FDX) Financial Statements (2025 and earlier)

Company Profile

Business Address 942 SOUTH SHADY GROVE ROAD
MEMPHIS, TN 38120-
State of Incorp. DE
Fiscal Year End May 31
Industry (SIC) 4513 - Air Courier Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

2/28/2025
MRQ
11/30/2024
MRQ
5/31/2024
5/31/2023
5/31/2022
5/31/2021
5/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,4296,5016,8566,8977,0874,881
Cash and cash equivalent5,0296,5016,8566,8977,0874,881
Short-term investments 400     
Receivables10,73710,08710,18811,86312,06910,102
Other undisclosed current assets1,5551,6191,5661,6051,4241,400
Total current assets:17,72118,20718,61020,36520,58016,383
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  373821455504480
Operating lease, right-of-use asset16,82117,11517,34716,61315,38313,917
Property, plant and equipment41,00641,49140,69838,09135,75233,608
Intangible assets, net (including goodwill)6,2906,6046,6696,8457,3146,694
Goodwill6,2906,4236,4356,5446,9926,372
Intangible assets, net (excluding goodwill)  181234301322322
Deferred income tax assets  1,3131,1631,2071,4181,347
Other noncurrent assets3,6433,7714,0534,3814,0703,257
Other undisclosed noncurrent assets  (1,867)(2,218)(1,963)(2,244)(2,149)
Total noncurrent assets:67,76068,80068,53365,62962,19757,154
TOTAL ASSETS:85,48187,00787,14385,99482,77773,537
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,5548,1518,59511,74911,3068,370
Employee-related liabilities2,5312,9031,569
Accounts payable3,8963,1893,8484,0303,8413,269
Accrued liabilities4,6584,9624,7475,1884,5623,532
Deferred revenue2223198910
Debt592681268214651
Other undisclosed current liabilities5,2245,1134,8462,4352,1991,913
Total current liabilities:14,39213,35513,58614,27413,66010,344
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,43320,13520,45320,18220,73321,952
Finance lease, liability  413725436429434
Other undisclosed long-term debt and lease obligation19,43319,72219,7285,2596,9299,323
Liabilities, other than long-term debt, including:25,19625,93527,01626,5998,4118,647
Deferred income tax liabilities4,4364,4824,4894,0933,9273,162
Liability, pension and other postretirement and postemployment benefits1,5712,0103,1304,4483,5015,019
Other liabilities651689695682983466
Operating lease, liability14,71315,05315,36314,48713,37512,195
Self insurance reserve3,825     
Other undisclosed liabilities, other than long-term debt  3,7013,33917,376  
Total noncurrent liabilities:44,62946,07047,46946,78129,14430,599
Total liabilities:59,02159,42561,05561,05542,80440,943
Equity
Equity, attributable to parent26,46027,58226,08824,93924,16818,295
Common stock323232323232
Treasury stock, value(15,397)(13,728)(11,645)(10,484)(8,430)(9,162)
Additional paid in capital4,1653,9883,7693,7123,4813,356
Accumulated other comprehensive loss(1,515)(1,359)(1,327)(1,103)(732)(1,147)
Retained earnings39,17538,64935,25932,78229,81725,216
Total equity:26,46027,58226,08824,93924,16818,295
Other undisclosed liabilities and equity     15,80514,299
TOTAL LIABILITIES AND EQUITY:85,48187,00787,14385,99482,77773,537

Income Statement (P&L) ($ in millions)

2/28/2025
TTM
11/30/2024
TTM
5/31/2024
5/31/2023
5/31/2022
5/31/2021
5/31/2020
Revenues87,39387,69390,15593,51283,95969,217
Cost of revenue(68,459)(68,241)(69,897)(72,482)(64,599)(54,447)
Gross profit:18,93419,45220,25821,03019,36014,770
Operating expenses(14,004)(13,893)(15,346)(14,785)(13,503)(12,353)
Operating income:4,9305,5594,9126,2455,8572,417
Nonoperating income (expense)318277451(1,349)817(748)
Investment income, nonoperating  370198535255
Net periodic defined benefits expense (reversal of expense), excluding service cost component1397221,054(726)1,983(122)
Other nonoperating income (expense)(17)(70)(107)13(32)(9)
Interest and debt expense (745)(694)(689)(393)(672)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(745)   393672
Income from continuing operations before equity method investments, income taxes:4,5035,0914,6694,2076,6741,669
Other undisclosed income from continuing operations before income taxes745745694689  
Income from continuing operations before income taxes:5,2485,8365,3634,8966,6741,669
Income tax expense(1,360)(1,505)(1,391)(1,070)(1,443)(383)
Income from continuing operations:3,8884,3313,9723,8265,2311,286
Income before gain (loss) on sale of properties:3,8265,2311,286
Net income attributable to parent:3,8884,3313,9723,8265,2311,286
Undistributed earnings (loss) allocated to participating securities, basic(2)     
Other undisclosed net loss available to common stockholders, basic(4)(6)(6)(7)(11)(2)
Net income available to common stockholders, basic:3,8824,3253,9663,8195,2201,284
Other undisclosed net income available to common stockholders, diluted     1 
Net income available to common stockholders, diluted:3,8824,3253,9663,8195,2211,284

Comprehensive Income ($ in millions)

2/28/2025
TTM
11/30/2024
TTM
5/31/2024
5/31/2023
5/31/2022
5/31/2021
5/31/2020
Net income:3,8884,3313,9723,8265,2311,286
Other comprehensive income (loss)(11)4(27)19(10)43
Comprehensive income:3,8774,3353,9453,8455,2211,329
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(210)(36)(197)(390)425(376)
Comprehensive income, net of tax, attributable to parent:3,6674,2993,7483,4555,646953

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: