What is FedEx's FX effect on cash?

FedEx (FDX) reported FX effect on cash of $112M in Q4 2025.

How has FedEx's FX effect on cash changed year-over-year?

FedEx's FX effect on cash increased by 918.2% year-over-year, from $11M to $112M.

What does FX effect on cash mean?

The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.

FedEx FDX FX Effect on Cash

FX Effect on Cash at other companies

Pitney BowesPBI

-$461K-134%

Forward AirFWRD

-$284K-180%

AmazonAMZN

-$1M-100%

United Parcel Service, Inc.UPS

-$37M-193%

XPO

XPOXPO

-$2M-300%

Radiant LogisticsRLGT

-$85K-54.5%

Other financials

Income statement

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Revenue$25.0B+12.5%

Operating income$1.6B-13.5%

Net income$1.6B-3.0%

EPS (diluted)$6.60-3.2%

Balance sheet

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Cash & equivalents$13.3B+142%

Total debt$23.3B-38.9%

Total equity$31.6B+12.7%

Total assets$107.19B+22.3%

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$74.71B+41.0%

Enterprise value$84.7B-1.0%

P/E16.9×+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 / equity0.7×-0.6×

Current ratio1.5×+0.3×

Where this comes from

Reported directly by FedEx in its filing.

Tagged under the XBRL concept us-gaap:EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations.

The official record: FedEx’s 10-Q, filed March 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FedEx's FX effect on cash?: FedEx (FDX) reported FX effect on cash of $112M in Q4 2025.
How has FedEx's FX effect on cash changed year-over-year?: FedEx's FX effect on cash increased by 918.2% year-over-year, from $11M to $112M.
What does FX effect on cash mean?: The impact of exchange rate changes on the value of cash and equivalents held in foreign currencies.