Finance Lease Liabilities
FedEx Finance Lease Liabilities increased by 34.8% to $1.18B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 109.6%, from $562M to $1.18B. Over 4 years (FY 2021 to FY 2025), Finance Lease Liabilities shows an upward trend with a 9.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests higher reliance on leased assets to support operations, potentially increasing financial leverage and fixed costs. A decrease indicates either the repayment of existing lease obligations or a shift toward purchasing assets outright rather than leasing.
Detailed definition
This represents the present value of future lease payments for assets where the company has effectively assumed the risk...
Peer comparison
Peers in the logistics and transportation sector often carry significant finance lease liabilities due to the capital-intensive nature of maintaining large fleets of aircraft and delivery vehicles.
finance_lease_liabilitiesHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $429M | $504M | $510M | $501M | $436M | $544M | $580M | $539M | $725M | $730M | $706M | $432M | $413M | $424M | $420M | $562M | $621M | $795M | $874M | $1.18B |
| QoQ Change | — | +17.5% | +1.2% | -1.8% | -13.0% | +24.8% | +6.6% | -7.1% | +34.5% | +0.7% | -3.3% | -38.8% | -4.4% | +2.7% | -0.9% | +33.8% | +10.5% | +28.0% | +9.9% | +34.8% |
| YoY Change | — | — | — | — | +1.6% | +7.9% | +13.7% | +7.6% | +66.3% | +34.2% | +21.7% | -19.9% | -43.0% | -41.9% | -40.5% | +30.1% | +50.4% | +87.5% | +108.1% | +109.6% |
Finance Lease Liabilities at Other Companies
Frequently Asked Questions
- What is FedEx's finance lease liabilities?
- FedEx (FDX) reported finance lease liabilities of $1.18B in Q4 2025.
- How has FedEx's finance lease liabilities changed year-over-year?
- FedEx's finance lease liabilities increased by 109.6% year-over-year, from $562M to $1.18B.
- What is the long-term trend for FedEx's finance lease liabilities?
- Over 4 years (2021 to 2025), FedEx's finance lease liabilities has grown at a 9.7% compound annual growth rate (CAGR), from $429M to $621M.
- What does finance lease liabilities mean?
- The total amount of future payments owed for long-term leases that are treated as debt obligations.