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 3 years (FY 2022 to FY 2025), D&A shows relatively stable performance with a 2.4% CAGR.
Analysis
How to read this metric
Higher levels typically reflect significant historical capital expenditures or acquisitions that are now being expensed over time.
Detailed definition
This metric represents the non-cash accounting charges used to allocate the cost of tangible assets and intangible asset...
Peer comparison
Capital-intensive hardware manufacturers generally show higher D&A relative to revenue than pure-play software companies.
cf_depreciation_and_amortizationHistorical Data
| Q2 '21 | Q3 '21 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $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 | — | +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 | — | — | — | — | +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 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Fedex Freight | — | $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, Fedex Services 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 3 years (2022 to 2025), FedEx's d&a has grown at a 2.4% compound annual growth rate (CAGR), from $3.97B to $4.26B.
- What does d&a mean?
- The accounting process of spreading the cost of physical and intangible assets over time.