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FedEx FDX Aircraft fuel

Aircraft fuel at other companies

Forward Air logo
Forward AirFWRD
$4.93M-12.8%
Heartland Express logo
Heartland ExpressHTLD
$32.74M-13.7%
Knight-Swift Transportation Holdings Inc. logo
Knight-Swift Transportation Holdings Inc.KNX
$307.36M+51.0%
Schneider National logo
Schneider NationalSNDR
$124.1M+11.5%
Covenant Logistics Group logo
Covenant Logistics GroupCVLG

Segments

By segment

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Federal Express segment$1.28B+70.0%
FedEx Freight
Segment$158M+39.8%

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$72.73B+42.6%
Enterprise value$102.2B+24.4%
P/E16.4×+3.9×
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:FuelCosts.

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 itemYears ended May 31, 2026Years ended May 31, 2025Years ended May 31, 2024
Purchased transportation23,62021,76820,921
Rentals and landing fees4,8834,6474,571
Depreciation and amortization4,3694,2644,287
Fuel4,0523,7754,710
Maintenance and repairs3,3303,2453,291
Separation and other costs77138
Business optimization and realignment costs366756582
Goodwill and other asset impairment charges2321157

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's aircraft fuel?
FedEx (FDX) reported aircraft fuel of $1.43B in Q1 2026.
How has FedEx's aircraft fuel changed year-over-year?
FedEx's aircraft fuel increased by 66.0% year-over-year, from $864M to $1.43B.
What is the long-term trend for FedEx's aircraft fuel?
Over 4 years (2022 to 2026), FedEx's aircraft fuel has grown at a -5.7% compound annual growth rate (CAGR), from $5.12B to $4.05B.
What does aircraft fuel mean?
This metric represents the total expenditure on aviation fuel and associated taxes incurred to operate the company's air fleet. It is a critical variable cost component for logistics firms heavily reliant on air cargo networks, reflecting exposure to global energy market price volatility and operational flight volume.

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