What is FedEx's deferred revenue?

FedEx (FDX) reported deferred revenue of $22M in Q4 2025.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

FedEx FDX Deferred Revenue

Deferred Revenue at other companies

Pitney BowesPBI

$71.69M-6.0%

AmazonAMZN

$20.43B-5.7%

Expeditors International of WashingtonEXPD

$256.9M-28.5%

Schneider NationalSNDR

$284.5M+157%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$3.3B+29.6%

CapEx$1.5B+0.1%

Free cash flow$1.8B+71.2%

Valuation

See full

Market cap$73.96B+33.7%

Enterprise value$103.43B+19.6%

P/E16.7×+3.2×

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 / 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:ContractWithCustomerLiabilityCurrent.

The official record: FedEx’s 10-Q, filed March 19, 2026, on SEC EDGAR. View the filing →

Ask your AI about FedEx's deferred revenue.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is FedEx's deferred revenue?: FedEx (FDX) reported deferred revenue of $22M in Q4 2025.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.