Goodwill
FedEx Goodwill increased by 2.0% to $6.76B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 6.7%, from $6.33B to $6.76B. Over 4 years (FY 2021 to FY 2025), Goodwill shows relatively stable performance with a -1.4% CAGR.
Analysis
How to read this metric
A stable or growing balance is expected during growth-by-acquisition phases, while a sudden decrease signals impairment and potential failure of past acquisition strategies.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during a business acquisition...
Peer comparison
Common in industries with frequent consolidation and M&A activity.
goodwillHistorical 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 | $6.99B | $6.84B | $6.7B | $6.76B | $6.54B | $6.32B | $6.38B | $6.46B | $6.44B | $6.42B | $6.47B | $6.43B | $6.42B | $6.51B | $6.29B | $6.33B | $6.6B | $6.67B | $6.63B | $6.76B |
| QoQ Change | — | -2.1% | -2.1% | +0.8% | -3.1% | -3.5% | +1.0% | +1.2% | -0.3% | -0.2% | +0.7% | -0.7% | -0.0% | +1.4% | -3.4% | +0.7% | +4.3% | +1.0% | -0.7% | +2.0% |
| YoY Change | — | — | — | — | -6.4% | -7.7% | -4.8% | -4.4% | -1.7% | +1.7% | +1.4% | -0.5% | -0.2% | +1.4% | -2.8% | -1.4% | +2.8% | +2.5% | +5.3% | +6.7% |
Business Segments
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| Federal Express segment | — | — | — | — | $5.95B |
| FedEx Freight Segment | $767M | $767M | $771M | — | $638M |
| Fedex Express | $5.36B | $4.93B | $4.85B | $4.84B | — |
| Fedex Ground | $943M | $932M | $932M | $932M | — |
| Total | $6.99B | $6.54B | $6.44B | $6.42B | $6.6B |
Federal Express segment, Fedex Express, FedEx Freight Segment, Fedex Ground were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Goodwill at Other Companies
Frequently Asked Questions
- What is FedEx's goodwill?
- FedEx (FDX) reported goodwill of $6.76B in Q4 2025.
- How has FedEx's goodwill changed year-over-year?
- FedEx's goodwill increased by 6.7% year-over-year, from $6.33B to $6.76B.
- What is the long-term trend for FedEx's goodwill?
- Over 4 years (2021 to 2025), FedEx's goodwill has grown at a -1.4% compound annual growth rate (CAGR), from $6.99B to $6.6B.
- What does goodwill mean?
- The excess purchase price paid for an acquired company over the fair value of its net assets.