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FedEx Corporation

FDX Industrials Integrated Freight & Logistics

FedEx Corporation’s revenue for fiscal 2026 (year ended May 2026) was $94.7 billion, up 7.73% from fiscal 2025.

Revenue
+11.9%
EPS
−68.5%
Free cash flow
+62.2%
Total debt
−18.3%

Quarter to September 2026, against a year earlier

317.76 11.64 −3.53%
Market cap
$74.2B
P/E
19.4×
Fwd P/E
15.0×
Dividend yield
1.68%
F-score
7/9
Altman Z
2.56
Beneish M
−2.65
Dividend safety
70/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

FedEx Corporation (FDX) Debt to equity

Alert me on Debt to equity

FedEx Corporation's debt to equity at the end of the quarter to 30 September 2026 was 0.5×, down 0.3× from fiscal 2026 (0.8×). Over the past ten years it has ranged from 0.5× (fiscal 2015) to 1.2× (fiscal 2020); the current reading is higher than 50% of that period. That is above the Integrated Freight & Logistics industry median of 0.1× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 0.8× 10.85%
FY2025 0.7× 0.07%
FY2024 0.7× (7.14%)
FY2023 0.8× (2.92%)
FY2022 0.8× (5.95%)
FY2021 0.9× (28.17%)
FY2020 1.2× 21.47%
FY2019 1.0× 15.91%
FY2018 0.9× (8.04%)
FY2017 0.9× (6.96%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.5× (25.37%)
May 2026 0.7× (20.83%)
Feb 2026 0.8× 12.49%
Nov 2025 0.8× (1.22%)
43 more quarters

Against its own ten years

Low 0.5× High 1.2×
Ten-year median 0.8×
Current reading's percentile 50

Debt to equity against peers

Company Debt to equity
FDXF FedEx Freight Holding Company Inc. compare −17.5×
EXPD Expeditors International of Washington, Inc. compare 0.0×
LSTR Landstar System, Inc. compare 0.1×
JBHT J.B. Hunt Transport Services, Inc. compare 0.3×
ZTO ZTO Express (Cayman) Inc. compare 0.3×
FDX FedEx Corporation 0.5×
GXO GXO Logistics, Inc. compare 0.9×
CHRW C.H. Robinson Worldwide, Inc. compare 1.2×
UPS United Parcel Service, Inc. compare 1.7×
Integrated Freight & Logistics industry median 0.1×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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