What is FedEx's interest expense?

FedEx (FDX) reported interest expense of -$138M in Q4 2025.

How has FedEx's interest expense changed year-over-year?

FedEx's interest expense decreased by 19.0% year-over-year, from -$116M to -$138M.

What is the long-term trend for FedEx's interest expense?

Over 3 years (2022 to 2025), FedEx's interest expense has grown at a 4.6% compound annual growth rate (CAGR), from $689M to $789M.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

FedEx FDX Interest Expense

Interest Expense at other companies

ArcBestARCB

$4.29M+55.6%

Forward AirFWRD

$43.59M-4.3%

AmazonAMZN

$800M+47.9%

United Parcel Service, Inc.UPS

$266M+19.8%

XPO

XPOXPO

$53M-5.4%

Radiant LogisticsRLGT

$564K+86.1%

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$74.17B+31.7%

Enterprise value$84.15B-5.4%

P/E16.7×+3.0×

P/S0.8×+0.1×

Profitability

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Gross margin76%—

Operating margin5.8%-0.2pp

Net margin4.7%0.0pp

FCF margin5.4%+2.0pp

Returns & leverage

See full

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:InterestIncomeExpenseNonoperatingNet.

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 interest expense?: FedEx (FDX) reported interest expense of -$138M in Q4 2025.
How has FedEx's interest expense changed year-over-year?: FedEx's interest expense decreased by 19.0% year-over-year, from -$116M to -$138M.
What is the long-term trend for FedEx's interest expense?: Over 3 years (2022 to 2025), FedEx's interest expense has grown at a 4.6% compound annual growth rate (CAGR), from $689M to $789M.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.