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FedEx FDX FedEx Freight
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
Goodwill at May 31, 2024$5,769$771$1,961$8,501
Accumulated impairment charges(133)(1,945)(2,078)
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

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's fedex freight
segment — goodwill?
FedEx (FDX) reported fedex freight
segment — goodwill of $638M in Q1 2026.
How has FedEx's fedex freight
segment — goodwill changed year-over-year?
FedEx's fedex freight
segment — goodwill decreased by 0.0% year-over-year, from $638M to $638M.
What does fedex freight
segment — goodwill mean?
The net carrying value of goodwill for the Freight segment, representing the residual value of acquisitions after accounting for any accumulated impairment losses. It is a key indicator of the long-term value attributed to the segment's market position and synergies.

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segment — goodwill.

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