What is FedEx's capex?

FedEx (FDX) reported capex of $1.47B in Q1 2026.

How has FedEx's capex changed year-over-year?

FedEx's capex increased by 0.1% year-over-year, from $1.47B to $1.47B.

What is the long-term trend for FedEx's capex?

Over 5 years (2021 to 2026), FedEx's capex has grown at a -8.3% compound annual growth rate (CAGR), from $5.88B to $3.81B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

FedEx FDX CapEx

CapEx at other companies

Pitney BowesPBI

$15.85M-6.2%

Old Dominion Freight LineODFL

$62.57M-29.0%

ArcBestARCB

$9.76M-32.8%

Forward AirFWRD

$6.95M-41.7%

AmazonAMZN

$44.2B+76.7%

United Parcel Service, Inc.UPS

$1.03B+17.7%

Segments

By segment

See full

Total Federal Express segment$782M-7.3%

FedEx Freight segment$152M+17.8%

Other financials

Income statement

See full

Revenue$25.0B+12.5%

Operating income$1.6B-13.5%

Net income$1.6B-3.0%

EPS (diluted)$6.60-3.2%

Balance sheet

See full

Cash & equivalents$13.3B+142%

Total debt$23.3B-38.9%

Total equity$31.6B+12.7%

Total assets$107.19B+22.3%

Cash flow

See full

Operating cash flow$3.3B+29.6%

Free cash flow$1.8B+71.2%

Valuation

See full

Market cap$78.61B+45.1%

Enterprise value$88.59B+2.1%

P/E17.7×+4.5×

P/S0.8×+0.2×

Profitability

See full

Gross margin76%—

Operating margin5.8%-0.2pp

Net margin4.7%0.0pp

FCF margin5.4%+2.0pp

Returns & leverage

See full

Return on equity14.8%+0.1pp

Debt / equity0.7×-0.6×

Current ratio1.5×+0.3×

Where this comes from

Reported directly by FedEx in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: FedEx’s 8-K, filed June 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FedEx's capex?: FedEx (FDX) reported capex of $1.47B in Q1 2026.
How has FedEx's capex changed year-over-year?: FedEx's capex increased by 0.1% year-over-year, from $1.47B to $1.47B.
What is the long-term trend for FedEx's capex?: Over 5 years (2021 to 2026), FedEx's capex has grown at a -8.3% compound annual growth rate (CAGR), from $5.88B to $3.81B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.