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FedEx FDX Accrued Expenses

Accrued Expenses at other companies

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Other financials

Income statement

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Revenue$25.0B+12.5%
Operating income$1.6B-13.5%
Net income$1.6B-3.1%
EPS (diluted)$6.64-2.6%

Balance sheet

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Cash & equivalents$13.3B+142%
Total debt$42.8B+16.7%
Total equity$31.6B+12.7%
Total assets$98.9B+12.9%

Cash flow

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Operating cash flow$3.3B+29.6%
CapEx$1.5B+0.1%
Free cash flow$1.8B+71.2%

Valuation

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Market cap$73.51B+37.6%
Enterprise value$102.98B+21.7%
P/E16.6×+3.5×
P/S0.8×+0.2×

Profitability

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Gross margin76%
Operating margin5.8%-0.2pp
Net margin4.7%0.0pp
FCF margin5.4%+2.0pp

Returns & leverage

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Return on equity14.8%+0.1pp
Debt / equity1.4×0.0×
Current ratio1.5×+0.3×

Where this comes from

Reported directly by FedEx in its filing.

Tagged under the XBRL concept us-gaap:EmployeeRelatedLiabilitiesCurrent.

The source filing: FedEx’s 10-K, filed July 20, 2026.

Filed
Jul 20, 2026, 4:14 PM EDT
Fiscal year
FY2026
Accession
0001048911-26-000105
Line itemMay 31, 2026May 31, 2025
CURRENT LIABILITIES
Accrued expenses$5,725$4,995
Accounts payable4,3273,692
Accrued salaries and employee benefits3,7592,731
Operating lease liabilities2,6802,565
Current portion of long-term debt1,6761,428
Short-term borrowings745
Total current liabilities18,91215,411

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's accrued expenses?
FedEx (FDX) reported accrued expenses of $3.76B in Q1 2026.
How has FedEx's accrued expenses changed year-over-year?
FedEx's accrued expenses increased by 37.6% year-over-year, from $2.73B to $3.76B.
What is the long-term trend for FedEx's accrued expenses?
Over 5 years (2021 to 2026), FedEx's accrued expenses has grown at a 5.3% compound annual growth rate (CAGR), from $2.9B to $3.76B.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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