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FedEx FDX FedEx Freight
Segment — D&A

Other segment segments

Federal Express segment
$943M0.0%

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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:DepreciationDepletionAndAmortization.

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
Salaries and employee benefits3,9913,8653,923
Purchased transportation807807877
Rentals301287280
Depreciation and amortization450416404
Fuel485457571
Maintenance and repairs314332330
Separation and other costs492
Intercompany allocations (charges)561573543

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's fedex freight
segment — D&A?
FedEx (FDX) reported fedex freight
segment — D&A of $115M in Q1 2026.
How has FedEx's fedex freight
segment — D&A changed year-over-year?
FedEx's fedex freight
segment — D&A increased by 42.0% year-over-year, from $81M to $115M.
What is the long-term trend for FedEx's fedex freight
segment — D&A?
Over 4 years (2022 to 2026), FedEx's fedex freight
segment — D&A has grown at a 2.6% compound annual growth rate (CAGR), from $406M to $450M.
What does fedex freight
segment — D&A mean?
This represents the non-cash allocation of the cost of tangible assets like trucks and trailers, as well as intangible assets, over their useful lives. It provides insight into the capital intensity of the freight segment's operations.

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segment — d&a.

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