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FedEx FDX Impairment Charges

Discontinued — last reported Q4 '26

Impairment Charges at other companies

Heartland Express logo
Heartland ExpressHTLD
$4.75M
Knight-Swift Transportation Holdings Inc. logo
Knight-Swift Transportation Holdings Inc.KNX
$0-100%

Segments

By segment

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Federal Express segment$23M+9.5%

Other financials

Income statement

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Revenue$25.0B+12.5%
Operating income$1.6B-13.5%
Net income$1.6B-3.1%
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:AssetImpairmentCharges.

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 itemYears ended May 31, 2026Years ended May 31, 2025Years ended May 31, 2024
Maintenance and repairs3,3303,2453,291
Separation and other costs77138
Business optimization and realignment costs366756582
Goodwill and other asset impairment charges2321157
Other13,99912,96312,654
TOTAL OPERATING EXPENSES89,25782,70982,134
OPERATING INCOME5,4635,2175,559
OTHER INCOME (EXPENSE):

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's impairment charges?
FedEx (FDX) reported impairment charges of $5.75M in Q1 2026.
What does impairment charges mean?
Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.

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