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FedEx FDX Federal Express segment — Asset impairment charges

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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:AssetImpairmentCharges.

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 item202620252024
Depreciation and amortization3,7993,7223,754
Fuel3,5653,3164,137
Maintenance and repairs2,9062,7992,848
Asset impairment charges2321157
Separation and other costs92
Business optimization costs303384251
Intercompany allocations (charges)(853)(791)(684)
Other13,09611,96411,582

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's federal express segment — asset impairment charges?
FedEx (FDX) reported federal express segment — asset impairment charges of $5.75M in Q1 2026.
How has FedEx's federal express segment — asset impairment charges changed year-over-year?
FedEx's federal express segment — asset impairment charges increased by 9.5% year-over-year, from $5.25M to $5.75M.
What is the long-term trend for FedEx's federal express segment — asset impairment charges?
Over 3 years (2023 to 2026), FedEx's federal express segment — asset impairment charges has grown at a -31.0% compound annual growth rate (CAGR), from $70M to $23M.
What does federal express segment — asset impairment charges mean?
Non-cash charges recognized when the carrying amount of long-lived assets within the Federal Express segment exceeds their recoverable value. This reflects management's assessment of declining utility or market value for specific operational assets.

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