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FedEx Balance Sheet Statement

Assets, liabilities, and shareholders' equity

FedEx holds $94.7B in total assets. Shareholders' equity is $29.8B against $43.2B in total debt. Cash and equivalents total $8.0B. The current ratio is 1.47 and debt-to-equity is 1.45. Based on the Q1 2026 filing.

Total Assets$94.7BTotal Stockholders Equity$29.8BLong Term Debt$22.8BCash And Equivalents$8.0BTotal Current Assets$25.5BTotal Current Liabilities$17.3B
Latest FilingQ1 2026
Report Date2026-03-19
Market Cap$88.2B
P/E Ratio19.67
ROE15.87%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$3.9B$3.6B$3.7B$4.2B$4.7B$4.2B
Accrued expenses$2.7B$2.6B$2.7B$2.3B$2.7B$3.1B
Accrued Manufacturing Costs$2.7B$2.6B$2.7B$2.3B$2.7B$3.1B
Other Commercial Liabilities$4.7B$4.6B$5.0B$5.5B$5.3B$5.0B
Accrued Liabilities, Current$4.7B$4.6B$5.0B$5.5B$5.3B$5.0B
Compensation and benefits$2.7B$2.6B$2.7B$2.3B$2.7B$3.1B
Current portion of long-term debt$592.0M$611.0M$1.4B$883.0M$901.0M$2.4B
Current Portion of Long-Term Debt and Finance Lease Obligations$592.0M$611.0M$1.4B$883.0M$901.0M$2.4B
Deferred revenue——$23.0M$20.0M$22.0M$22.0M
Derivative Liabilities - Fair Value——$108.0M$119.0M$96.0M$126.0M
Dividends Payable Per Share———$1.45——
Finance Lease Liability Payment Due———$1.1B$1.2B$1.6B
Finance Lease Liability - Undiscounted Excess Amount———$347.0M$351.0M$372.0M
Lease Liability Payments - 2020 (Remaining Three Months)———$2.3B$1.5B$642.0M
Lease Liability Payments - 2021———$116.0M$138.0M$194.0M
Operating Lease Liability Payments - 2024 (Lessee)———$2.7B$2.8B$2.9B
Operating Lease Liability Payments - 2025 (Lessee)———$1.8B$1.9B$2.1B
Lease Liability Payments - Due Year Two———$115.0M$138.0M$296.0M
Lease Liability Payments - Due Year Three———$2.3B$2.4B$2.5B
Lease Liability Payments - Due Year Four———$1.8B$1.9B$2.1B
Lease Liability Payments - Remainder of Fiscal Year———$85.0M$65.0M$45.0M
Operating lease liabilities, current$2.5B$2.5B$2.6B$2.6B$2.6B$2.6B
Operating Lease Liability Payments Due———$20.2B$20.0B$20.2B
Operating Lease Liability - Undiscounted Excess Amount———$3.5B$3.5B$3.5B
Short-Term Debt - Weighted-Average Interest Rate———3.6%3.6%3.8%
Total current liabilities$14.4B$13.9B$15.4B$15.5B$16.2B$17.3B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$10.7B$10.2B$11.4B$11.5B$12.2B$11.8B
Allowance for Doubtful Accounts$385.0M$415.0M$773.0M$822.0M$900.0M$932.0M
Allowance for Doubtful Accounts Receivable (Current)——$773.0M$822.0M$900.0M$932.0M
Cash and cash equivalents$5.0B$5.1B$5.5B$6.2B$6.6B$8.0B
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)$5.0B$5.1B$5.5B$6.2B$6.6B$11.7B
Contract assets——$673.0M$645.0M$759.0M$692.0M
Spare parts, supplies, and fuel, less allowances of $322 and $308$620.0M$617.0M$602.0M$604.0M$631.0M$631.0M
Derivative Assets - Fair Value——$13.0M$12.0M$13.0M$11.0M
Prepaid expenses and other current assets$1.3B$1.2B$914.0M$1.1B$1.3B$1.4B
Restricted cash—$0.0$0.0——$3.7B
Total current assets$17.7B$17.2B$18.4B$19.3B$20.7B$25.5B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Employee Benefits (Non-Current)$1.6B$1.7B$1.7B$1.7B$1.7B$1.7B
Defined Benefit Pension Plan Liabilities (Non-Current)$1.6B$1.7B$1.7B$1.7B$1.7B$1.7B
Finance lease liabilities$420.0M$562.0M$621.0M$795.0M$874.0M$1.2B
Finance Lease Liabilities (Total)$420.0M$562.0M$680.0M$795.0M$874.0M$1.2B
Operating Lease Liability Payments - 2026 (Lessee)———$2.3B$2.4B$2.5B
Operating Lease Liability Payments - 2027 (Lessee)———$2.3B$2.4B$2.5B
Operating Lease Liability Payments - 2028 (Lessee)———$1.8B$1.9B$2.1B
Long-term debt$19.4B$19.5B$19.2B$20.3B$20.3B$22.8B
Long-Term Debt and Finance Lease Obligations$19.4B$19.5B$19.2B$20.3B$20.3B$22.8B
Liability, Pension and Other Postretirement and Postemployment Benefits, Noncurrent$1.6B$1.7B$1.7B$1.7B$1.7B$1.7B
Operating lease liabilities, non-current$14.7B$14.4B$14.3B$14.1B$14.0B$14.1B
Operating Lease Liabilities (Total)$17.2B$16.9B$16.8B$16.7B$16.6B$16.8B
Other non-current liabilities$651.0M$657.0M$783.0M$817.0M$790.0M$823.0M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$4.2B$4.2B$4.3B$4.3B$4.4B$4.6B
Accumulated other comprehensive income (loss)-$1.5B-$1.5B-$1.4B-$1.4B-$1.4B-$1.2B
Common stock32M32M800M800M800M800M
Common Stock Par Value Per Share——$0.10$0.10$0.10$0.10
Common Stock Shares Issued——318M318M318M318M
Additional paid-in capital$4.2B$4.2B$4.3B$4.3B$4.4B$4.6B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$32.0M$32.0M$32.0M$32.0M$32.0M$32.0M
Treasury Stock, Value$15.4B$15.8B$16.3B$16.8B$17.0B$16.5B
Retained earnings$39.2B$39.8B$41.4B$41.5B$42.2B$42.9B
Total liabilities and stockholders' equity$85.5B$85.0B$87.6B$88.4B$89.2B$94.7B
Total stockholders' equity$26.5B$26.7B$28.1B$27.8B$28.1B$29.8B
Treasury stock$15.4B$15.8B$16.3B$16.8B$17.0B$16.5B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$85.7B$86.6B$87.6B$88.1B$88.9B$90.1B
Fair Value Measurement Disclosure——$108.0M$119.0M$96.0M$126.0M
Gross Assets/Liabilities——$108.0M$119.0M$96.0M$126.0M
Accounts Receivable, Allowance for Credit Loss$385.0M$415.0M$438.0M$492.0M$555.0M$581.0M
Allowance for doubtful accounts——$773.0M$822.0M$900.0M$932.0M
Allowances for spare parts, supplies and fuel——$308.0M$315.0M$317.0M$322.0M
Cash and cash equivalents, end of period$5.0B$5.1B$5.5B$6.2B$6.6B$11.7B
Commercial paper borrowings outstanding—————$0.0
Common stock, par value (in dollars per share)——$0.1$0.1$0.1$0.1
Common stock, shares authorized (in shares)——$800.0M$800.0M$800.0M$800.0M
Common stock, shares issued (in shares)——$318.0M$318.0M$318.0M$318.0M
Contract with Customer, Asset, after Allowance for Credit Loss——$526.0M$536.0M$643.0M$570.0M
Debt securities——$70.0M$71.0M$187.0M$211.0M
Financial covenant compliance ratio———190.0%190.0%190.0%
Deferred income taxes$4.4B$4.3B$4.2B$4.1B$3.9B$3.8B
Deposit and progress payments———$528.0M$343.0M$387.0M
Derivative, gross, assets——$13.0M$12.0M$13.0M$11.0M
Derivatives, gross, liabilities——$108.0M$119.0M$96.0M$126.0M
Derivative instruments in hedge investments——$506.0M$845.0M$854.0M$843.0M
Environmental matters threshold———$1.0M$1.0M$1.0M
Finance Lease Liability Payments Due———$1.1B$1.2B$1.6B
Thereafter———$619.0M$631.0M$664.0M
2027———$116.0M$138.0M$194.0M
Finance Lease Liability Payments Due Year Four———$95.0M$118.0M$167.0M
Finance Lease Liability Payments Due Year Three———$112.0M$135.0M$184.0M
Finance Lease Liability Payments Due Year Two———$115.0M$138.0M$296.0M
Finance Lease Liability Undiscounted Excess Amount———$347.0M$351.0M$372.0M
Additional leases not yet commenced, undiscounted future payments———$1.0B$1.1B$1.3B
2028———$2.8B$2.9B$3.2B
Lessee Operating Lease And Finance Lease Liability Undiscounted Excess Amount———$3.8B$3.8B$3.8B
2027———$3.2B$3.3B$3.5B
Thereafter———$8.7B$8.9B$9.5B
Lessee Operating Lease And Finance Lease Liability Payments Due———$21.4B$21.3B$21.8B
2030———$1.9B$2.0B$2.2B
2026 (remainder)———$2.4B$1.6B$687.0M
2029———$2.4B$2.5B$2.6B
Lessee Operating Lease Liability Payments Due———$20.2B$20.0B$20.2B
Thereafter———$8.1B$8.3B$8.9B
Lessee Operating Lease Liability Undiscounted Excess Amount———$3.5B$3.5B$3.5B
Long-Term Debt and Lease Obligation$19.4B$19.5B$19.2B$20.3B$20.3B$22.8B
Less: current maturities$592.0M$611.0M$1.4B$883.0M$901.0M$2.4B
Long term debt, including current maturities and exclusive of finance leases carrying value——$19.9B$20.4B$20.3B$24.1B
Long term debt, including current maturities and exclusive of finance leases fair value——$17.2B$18.2B$18.5B$22.7B
Number of class actions—————5.00
Net book value of Boeing aircraft———$1.6B$1.6B$1.5B
Number of Boeing aircraft———19.0019.0019.00
Present value of lease liability———$17.5B$17.4B$17.9B
Self-insurance accruals$3.8B$3.9B$4.0B$4.1B$4.2B$4.3B
Treasury stock, shares (in shares)——$80.0M$82.0M$83.0M$79.0M
Unrecorded Unconditional Purchase Obligation, to be Paid, Year Two———$1.5B$1.6B$1.8B
Unrecorded Unconditional Purchase Obligation———$7.1B$7.2B$8.3B
Purchase commitments, Due in 2027———$1.8B$2.0B$2.1B
Unrecorded Unconditional Purchase Obligation, to be Paid, Remainder of Fiscal Year———$1.4B$1.1B$683.0M
Thereafter———$1.2B$1.2B$2.2B
Remainder of Fiscal Year 2024———$2.3B$1.5B$642.0M
Unrecorded Unconditional Purchase Obligation———$1.8B$2.0B$2.1B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred tax assets$4.4B$4.3B$4.2B$4.1B$3.9B$3.8B
Deferred Tax Assets and Other Non-Current Assets$3.6B$4.1B$4.5B$4.6B$4.4B$4.6B
Equity Securities (FV-NI) - Non-Current——$506.0M$535.0M$552.0M$551.0M
Equity Securities (Non-Current)——$506.0M$535.0M$552.0M$551.0M
Available-for-sale securities——$70.0M$71.0M$187.0M$211.0M
Total investments——$506.0M$535.0M$552.0M$551.0M
Goodwill$6.3B$6.3B$6.6B$6.7B$6.6B$6.8B
Net Investment in Lease$16.8B$16.5B$16.5B$16.4B$16.2B$16.4B
Aircraft and related equipment——$31.6B———
Facilities and other——$16.5B———
Information technology——$9.7B———
Operating lease right-of-use assets$16.8B$16.5B$16.5B$16.4B$16.2B$16.4B
Other non-current assets$3.6B$4.1B$4.5B$4.6B$4.4B$4.6B
Other Long Term Assets Noncurrent Excluding Property And Equipment$26.8B$26.9B$27.6B$27.7B$27.2B$27.7B
Package handling and ground support equipment——$18.9B———
Property, plant and equipment at cost$85.7B$86.6B$87.6B$88.1B$88.9B$90.1B
Vehicles and trailers——$10.9B———
Operating lease right-of-use assets$16.8B$16.5B$16.5B$16.4B$16.2B$16.4B
Operating Lease Right-of-Use Assets in Other Assets$16.8B$16.5B$16.5B$16.4B$16.2B$16.4B
Other non-current assets$3.6B$4.1B$4.5B$4.6B$4.4B$4.6B
Accumulated depreciation$44.7B$45.6B$46.0B$46.7B$47.5B$48.6B
Property and equipment, net$41.0B$41.0B$41.6B$41.4B$41.3B$41.5B
Software and Technology Licenses, Net$3.6B$4.1B$4.5B$4.6B$4.4B$4.6B
Total assets$85.5B$85.0B$87.6B$88.4B$89.2B$94.7B
Total noncurrent assets——$69.2B$69.1B$68.5B$69.3B