D&A
FedEx D&A increased by 4.1% to $1.11B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.3%, from $1.07B to $1.11B. Over 4 years (FY 2021 to FY 2025), D&A shows an upward trend with a 3.0% CAGR.
Analysis
How to read this metric
Higher levels indicate significant capital investment in infrastructure or acquisitions, while lower levels may suggest aging assets or limited capital expenditure.
Detailed definition
This represents the non-cash expense allocated to the cost of tangible and intangible assets over their useful lives. Be...
Peer comparison
High in capital-intensive industries like manufacturing and healthcare devices; lower in service-based sectors.
depreciation_and_amortization_cfHistorical 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 | $975.00M | $971.00M | $995.00M | $986.00M | $1.02B | $1.02B | $1.05B | $1.03B | $1.08B | $1.07B | $1.04B | $1.07B | $1.10B | $1.08B | $1.06B | $1.07B | $1.06B | $1.09B | $1.07B | $1.11B |
| QoQ Change | — | -0.4% | +2.5% | -0.9% | +3.2% | +0.6% | +2.1% | -1.4% | +4.3% | -0.4% | -2.9% | +3.1% | +3.0% | -2.4% | -1.4% | +0.3% | -0.8% | +3.3% | -2.2% | +4.1% |
| YoY Change | — | — | — | — | +4.4% | +5.5% | +5.1% | +4.6% | +5.6% | +4.6% | -0.6% | +4.0% | +2.7% | +0.7% | +2.2% | -0.6% | -4.3% | +1.3% | +0.5% | +4.3% |
Business Segments
| Segment | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| FedEx Freight segment | — | $110.00M | $112.00M | $113.00M | $81.00M | $110.00M | $113.00M | $112.00M |
| Fedex Express | $543.00M | — | — | — | — | — | — | — |
| Fedex Ground | $279.75M | — | — | — | — | — | — | — |
| Total | $1.10B | $1.08B | $1.06B | $1.07B | $1.06B | $1.09B | $1.07B | $1.11B |
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.
D&A at Other Companies
Frequently Asked Questions
- What is FedEx's d&a?
- FedEx (FDX) reported d&a of $1.11B in Q4 2025.
- How has FedEx's d&a changed year-over-year?
- FedEx's d&a increased by 4.3% year-over-year, from $1.07B to $1.11B.
- What is the long-term trend for FedEx's d&a?
- Over 4 years (2021 to 2025), FedEx's d&a has grown at a 3.0% compound annual growth rate (CAGR), from $3.79B to $4.26B.
- What does d&a mean?
- The non-cash accounting expense for the wear and tear or expiration of assets.