Non-Current Liabilities
Operating Lease Liabilities
FedEx Operating Lease Liabilities increased by 1.4% to $14.15B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.5%, from $14.37B to $14.15B. Over 4 years (FY 2021 to FY 2025), Operating Lease Liabilities shows relatively stable performance with a 1.6% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ1 2020
Last reportedQ3 2026Mar 19, 2026
How to read this metric
Reflects the long-term commitment to asset leasing; high levels indicate a strategy of leasing rather than owning capital assets.
Detailed definition
The portion of operating lease obligations that is due beyond the one-year reporting period. It represents the long-term...
Peer comparison
Standard for companies with significant leased asset portfolios, particularly in the transportation sector.
Metric ID:
operating_lease_liabilities_non_currentHistorical Data
20 periods
| 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 | $13.38B | $13.38B | $13.96B | $14.45B | $14.49B | $15.12B | $15.29B | $15.37B | $15.36B | $15.34B | $15.22B | $14.88B | $15.05B | $14.97B | $14.71B | $14.37B | $14.27B | $14.14B | $13.95B | $14.15B |
| QoQ Change | — | +0.1% | +4.3% | +3.5% | +0.3% | +4.4% | +1.1% | +0.5% | -0.1% | -0.2% | -0.8% | -2.3% | +1.2% | -0.6% | -1.7% | -2.4% | -0.7% | -0.9% | -1.4% | +1.4% |
| YoY Change | — | — | — | — | +8.3% | +13.0% | +9.6% | +6.4% | +6.0% | +1.5% | -0.4% | -3.2% | -2.0% | -2.4% | -3.3% | -3.4% | -5.2% | -5.5% | -5.2% | -1.5% |
Range$13.38B – $15.37B
CAGR+1.2%
Avg YoY Growth+0.8%
Median YoY Growth-1.8%
Operating Lease Liabilities at Other Companies
Frequently Asked Questions
- What is FedEx's operating lease liabilities?
- FedEx (FDX) reported operating lease liabilities of $14.15B in Q4 2025.
- How has FedEx's operating lease liabilities changed year-over-year?
- FedEx's operating lease liabilities decreased by 1.5% year-over-year, from $14.37B to $14.15B.
- What is the long-term trend for FedEx's operating lease liabilities?
- Over 4 years (2021 to 2025), FedEx's operating lease liabilities has grown at a 1.6% compound annual growth rate (CAGR), from $13.38B to $14.27B.
- What does operating lease liabilities mean?
- The amount of lease payments due after more than one year.