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FedEx FDX FedEx Freight
Segment — Purchased transportation

Other segment segments

Federal Express segment
$5.59B+13.9%

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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 fdx:PurchasedTransportationCosts.

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 itemYears ended May 31, 2026Years ended May 31, 2025Years ended May 31, 2024
REVENUE$94,720$87,926$87,693
OPERATING EXPENSES:
Salaries and employee benefits33,84431,23230,961
Purchased transportation23,62021,76820,921
Rentals and landing fees4,8834,6474,571
Depreciation and amortization4,3694,2644,287
Fuel4,0523,7754,710
Maintenance and repairs3,3303,2453,291

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's fedex freight
segment — purchased transportation?
FedEx (FDX) reported fedex freight
segment — purchased transportation of $216M in Q1 2026.
How has FedEx's fedex freight
segment — purchased transportation changed year-over-year?
FedEx's fedex freight
segment — purchased transportation increased by 5.4% year-over-year, from $205M to $216M.
What is the long-term trend for FedEx's fedex freight
segment — purchased transportation?
Over 3 years (2023 to 2026), FedEx's fedex freight
segment — purchased transportation has grown at a -9.2% compound annual growth rate (CAGR), from $1.08B to $807M.
What does fedex freight
segment — purchased transportation mean?
This represents costs paid to third-party carriers or contractors to supplement the company's own fleet capacity. It is a variable cost used to manage peak demand and optimize network flexibility.

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segment — purchased transportation.

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