Company Analysis

FedEx Corporation (FDX)

NYSE: FDX · Air Courier Services · Memphis, TN · filing with the SEC since 1997
Grade5.7
◀ Past 7.2● Present 5.6▶ Future 4.3

The grade of FedEx Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.7/10
◀ Past7.230% of the headline
● Present5.640% of the headline
▶ Future4.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

7.2/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.5/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 75th percentile among 12 sector filers · read for itself

From the record

FedEx Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.2/10

What has it actually done, year after year?

+5.1% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 61st percentile among 12 sector filers · read for its customers

From the record

FedEx Corporation's 10 filed years say what it did: revenue went from $60 billion in fiscal 2017 to $95 billion in fiscal 2026, up 5.1% a year; it rose in 6 of 9 years; the deepest fall was 6% from fiscal 2022 to fiscal 2024; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span5.1%bottom 38% of its family
  • the share of years revenue rosebottom 42% of its family
  • the share of filed years with a profittop 21% of its family
  • the deepest fall from a revenue peak6.2%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.8/10

How has it treated the people who own it?

Share count shrank 2.3% a year. 42% of cash flow returned. Insiders: 13 sales, 0 purchases.

weight 22% of this tense · 89th percentile among 8 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-05-31, FedEx Corporation's diluted share count shrank about 2.3% a year, and dividends and buybacks returned about 42% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 13 sales and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 4% of its family
  • cash returned against operating cash flowtop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.6/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.7/10

Is it financially healthy right now?

ROE 14%: 14¢ of profit per shareholder dollar. Leverage 68%: owes 68¢ per asset dollar.

weight 33% of this tense · 57th percentile among 12 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-05-31, FedEx Corporation earned about 14 cents of profit for every dollar of shareholders' money. Leverage: it owed about 68 cents per dollar of assets, and net share issuance: its share count shrank 1.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 46% of its family
  • return on equitybottom 21% of its family
  • the share count against the year beforetop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.4/10

How strong is its position in its industry?

top 46% of 12 in its family; net margin 4.7%.

weight 45% of this tense · 54th percentile among 12 sector filers · read for its customers

From the record

FedEx Corporation's standing among 12 graded names in its industry family: revenue of $95 billion in fiscal 2026 ranks in the top 6% by size; a net margin of 4.7% ranks in the bottom 29%; revenue growth of 1.7% a year over the last 3 filed years ranks in the bottom 38% (its annual reports).

What it rests on

  • revenue against the family$94.72Btop 6% of its family
  • net margin4.7%bottom 29% of its family
  • three-year revenue growth1.7%bottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.9/10

What are the people in charge doing?

top 41% of 5 in its family for leadership; chief executive since 2022.

weight 22% of this tense · 59th percentile among 5 sector filers · read for its shareholders

From the record

FedEx Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Subramaniam, Rajesh (President/CEO, as filed), filing under that title since 2022-07-01, 4.4 years (top 30% of its family); the 22 officers and directors filing in the last fifteen months have been on the record a median of 4.2 years (top 50%); 18 officer or director changes were reported on Form 8-K since 2023-11-13, against the 22 people in charge now (top 44%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge18 in three years among 22 peopletop 44% of its family
  • the median years the people in charge have filed4.2 yearstop 50% of its family
  • the chief executive's years on the record4.4 yearstop 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.1/10

How much room does it have to grow?

top 39% of 11 in its family for room to expand.

weight 22% of this tense · 61st percentile among 11 sector filers · read for itself

From the record

FedEx Corporation's room to grow, from the newest filed statements (fiscal 2026): cash of $13 billion against debt of $23 billion leaves -10.3% of its assets as net cash, top 41% of its family; cash from operations less capital spending is 5.4% of revenue (top 37%) (its annual report).

What it rests on

  • cash less debt against assets-10.3%top 41% of its family
  • cash from operations less capital spending against revenue5.4%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.6/10

What could actually drive growth from here?

bottom 36% of 12 in its family for growth drivers.

weight 45% of this tense · 36th percentile among 12 sector filers · read for its customers

From the record

FedEx Corporation's growth drivers, from the filed years to fiscal 2026: revenue grew 1.7% a year over the last three filed years against 5.1% over all 10, slowing (bottom 21% of its family); the newest year grew 7.7% (top 29%); capital spending grew -14.9% a year (bottom 15%) (its annual reports). FedEx Corporation reported 2 lines of business in fiscal 2025: Federal Express at $75 billion, Fedex Freight at $8.9 billion. 1 of 2 grew in the latest filed year, and the largest line is 89% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-3.5 points a yearbottom 21% of its family
  • the newest year's revenue growth7.7%top 29% of its family
  • three-year growth of capital spending-14.9%bottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.1/10

Did its newest year beat what its own record pointed to?

bottom 41% of 11 in its family for expectations against reality.

weight 33% of this tense · 41st percentile among 11 sector filers · read for its shareholders

From the record

FedEx Corporation's newest year against its own record: revenue of $95 billion in fiscal 2026 came in 9.1% above the $87 billion its prior three years' pace pointed to (top 32% of its family); net income of $4.4 billion against a prior three-year average of $4.1 billion (bottom 14%); a net margin of 4.7% against 4.7% before (bottom 41%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace9.1%top 32% of its family
  • net income against the prior three years' average+7%bottom 14% of its family
  • net margin against its prior average+0.0 pointsbottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FDX · research, not advice