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FedEx FDX Debt-to-equity

Debt-to-equity at other companies

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Old Dominion Freight LineODFL
0.0×
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ArcBestARCB
0.3×0.0×
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Forward AirFWRD
26.5×+12.6×
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AmazonAMZN
0.2×-0.2×
United Parcel Service, Inc. logo
United Parcel Service, Inc.UPS
0.3×0.0×
XPO
XPOXPO
-0.4×

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+41.7%
Enterprise value$102.2B+23.9%
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
Current ratio1.5×+0.3×

Where this comes from

Calculated from FedEx’s reported figures.

Based on the most recent quarter.

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

Filed
Jul 20, 2026, 4:14 PM EDT
Fiscal year
FY2026
Accession
0001048911-26-000105

FAQ

What is FedEx's debt-to-equity?
FedEx (FDX) reported debt-to-equity of 1.4× in Q1 2026.
How has FedEx's debt-to-equity changed year-over-year?
FedEx's debt-to-equity increased by 3.5% year-over-year, from 1.3× to 1.4×.
What is the long-term trend for FedEx's debt-to-equity?
Over 5 years (2021 to 2026), FedEx's debt-to-equity has grown at a -2.5% compound annual growth rate (CAGR), from 1.5× to 1.4×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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