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FedEx FDX Federal Express segment — Goodwill

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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:Goodwill.

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 itemFederal Express SegmentFed Ex Freight SegmentCorporate, Other, and EliminationsTotal
Balance as of May 31, 20245,769638166,423
Goodwill acquired(2)3838
Other(1)142142
Balance as of May 31, 20255,949638166,603
Goodwill acquired(2)55
Other(1)125125
Balance as of May 31, 20266,079638166,733
Accumulated goodwill impairment charges as of May 31, 2026$(133)$(1,945)$(2,078)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's federal express segment — goodwill?
FedEx (FDX) reported federal express segment — goodwill of $6.08B in Q1 2026.
What does federal express segment — goodwill mean?
The current net carrying value of goodwill assigned to the Federal Express segment after accounting for any accumulated impairment losses. It represents the intangible value of the segment's market position and synergies that is not captured by tangible assets.

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