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FedEx FDX Federal Express segment — CapEx

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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:SegmentExpenditureAdditionToLongLivedAssets.

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
Federal Express SegmentFed Ex Freight SegmentOtherConsolidated Total
2026$3,349$379$81$3,809
20253,5054371134,055
20244,5914611245,176

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's federal express segment — capex?
FedEx (FDX) reported federal express segment — capex of $837.25M in Q1 2026.
How has FedEx's federal express segment — capex changed year-over-year?
FedEx's federal express segment — capex decreased by 4.5% year-over-year, from $876.25M to $837.25M.
What is the long-term trend for FedEx's federal express segment — capex?
Over 2 years (2024 to 2026), FedEx's federal express segment — capex has grown at a -14.6% compound annual growth rate (CAGR), from $4.59B to $3.35B.
What does federal express segment — capex mean?
This metric represents the total cash outflows used by the Federal Express segment to acquire, upgrade, and maintain physical assets such as aircraft, sorting facilities, and delivery vehicles. It reflects the segment's ongoing investment in infrastructure and technology necessary to support global express shipping operations and long-term capacity expansion. Monitoring these expenditures helps investors assess the segment's asset intensity and its commitment to modernizing its logistics network.

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