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FedEx FDX Federal Express segment — Maintenance and repairs

Other segment segments

FedEx Freight
Segment
$71M-7.8%

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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$73.16B+42.6%
Enterprise value$102.63B+24.4%
P/E16.5×+4.0×
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:CostOfPropertyRepairsAndMaintenance.

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
Rentals and landing fees4,1533,9393,863
Depreciation and amortization3,7993,7223,754
Fuel3,5653,3164,137
Maintenance and repairs2,9062,7992,848
Asset impairment charges2321157
Separation and other costs92
Business optimization costs303384251
Intercompany allocations (charges)(853)(791)(684)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's federal express segment — maintenance and repairs?
FedEx (FDX) reported federal express segment — maintenance and repairs of $726M in Q1 2026.
How has FedEx's federal express segment — maintenance and repairs changed year-over-year?
FedEx's federal express segment — maintenance and repairs increased by 4.8% year-over-year, from $693M to $726M.
What is the long-term trend for FedEx's federal express segment — maintenance and repairs?
Over 3 years (2023 to 2026), FedEx's federal express segment — maintenance and repairs has grown at a -0.0% compound annual growth rate (CAGR), from $2.91B to $2.91B.
What does federal express segment — maintenance and repairs mean?
This covers the costs of keeping the express segment's aircraft, vehicles, and sorting equipment in operational condition. It is critical for ensuring service reliability and safety standards.

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