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FedEx FDX Total Federal Express segment — CapEx

Other segment segments

FedEx Freight segment
$95M+21.8%

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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:PaymentsToAcquireProductiveAssets.

The source filing: FedEx’s 10-Q, filed March 19, 2026.

Filed
Mar 19, 2026, 4:15 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001048911-26-000011
Line itemFederal Express SegmentFed Ex Freight SegmentCorporate, other, and eliminationsConsolidated Total
Capital expenditures
February 28, 2026$1,990$284$61$2,335
February 28, 20252,145359782,582

Item 1. Financial Statements

FAQ

What is FedEx's total federal express segment — capex?
FedEx (FDX) reported total federal express segment — capex of $782M in Q4 2025.
How has FedEx's total federal express segment — capex changed year-over-year?
FedEx's total federal express segment — capex decreased by 7.3% year-over-year, from $844M to $782M.
What is the long-term trend for FedEx's total federal express segment — capex?
Over 2 years (2023 to 2025), FedEx's total federal express segment — capex has grown at a -20.0% compound annual growth rate (CAGR), from $5.48B to $3.51B.
What does total federal express segment — capex mean?
This metric tracks the cash outflows used by the express segment to acquire, upgrade, or maintain physical assets such as aircraft fleets, automated sorting technology, and logistics hubs. It is a key indicator of the company's commitment to long-term growth and operational modernization within the express market. High levels of expenditure typically signal future capacity expansion or efficiency-driven technological upgrades.

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