CapEx
FedEx CapEx increased by 26.2% to $955.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 4.2%, from $997.00M to $955.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows a downward trend with a -8.9% CAGR.
Analysis
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
capital_expendituresHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.68B | $1.57B | $1.57B | $1.24B | $2.38B | $1.28B | $1.86B | $1.28B | $1.75B | $1.29B | $1.31B | $1.38B | $1.20B | $767.00M | $818.00M | $997.00M | $1.47B | $623.00M | $757.00M | $955.00M |
| QoQ Change | — | -6.7% | +0.2% | -21.4% | +92.9% | -46.1% | +44.7% | -31.2% | +37.2% | -26.5% | +1.2% | +5.7% | -12.8% | -36.2% | +6.6% | +21.9% | +47.7% | -57.7% | +21.5% | +26.2% |
| YoY Change | — | — | — | — | +41.7% | -18.2% | +18.1% | +3.4% | -26.4% | +0.5% | -29.8% | +7.9% | -31.5% | -40.5% | -37.3% | -27.7% | +22.5% | -18.8% | -7.5% | -4.2% |
Business Segments
| Segment | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| FedEx Freight segment | — | $35.00M | $195.00M | $129.00M | $78.00M | $32.00M | $100.00M | $152.00M |
| Fedex Express | $822.75M | — | — | — | — | — | — | — |
| Fedex Ground | $254.50M | — | — | — | — | — | — | — |
| Total | $1.20B | $767.00M | $818.00M | $997.00M | $1.47B | $623.00M | $757.00M | $955.00M |
Fedex Express, Fedex Ground, Fedex Services are derived from annual filings.
Fedex Express, Fedex Ground were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is FedEx's capex?
- FedEx (FDX) reported capex of $955.00M in Q4 2025.
- How has FedEx's capex changed year-over-year?
- FedEx's capex decreased by 4.2% year-over-year, from $997.00M to $955.00M.
- What is the long-term trend for FedEx's capex?
- Over 4 years (2021 to 2025), FedEx's capex has grown at a -8.9% compound annual growth rate (CAGR), from $5.88B to $4.06B.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.