FedEx (FDX) Business optimization costs — Quarterly & Annual

Screener

Segments

By segment

Federal Express segment$208M+384%

Other financials

Income statement

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

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

Operating cash flow$3.3B+29.6%

CapEx$1.5B+0.1%

Free cash flow$1.8B+71.2%

Valuation

Market cap$72.73B+42.6%

Enterprise value$102.2B+24.4%

P/E16.4×+3.9×

P/S0.8×+0.2×

Profitability

Gross margin76%—

Operating margin5.8%-0.2pp

Net margin4.7%0.0pp

FCF margin5.4%+2.0pp

Returns & leverage

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 fdx:BusinessOptimizationCosts.

The source filing: FedEx’s 10-Q, filed March 19, 2026.

Filed: Mar 19, 2026, 4:15 PM EDT
Fiscal quarter: Q3 FY2026
Calendar quarter: Q1 2026
Accession: 0001048911-26-000011

Line item	Three Months Ended / February 28, 2026	Three Months Ended / February 28, 2025	Nine Months Ended / February 28, 2026	Nine Months Ended / February 28, 2025
Fuel	856	889	2,618	2,911
Maintenance and repairs	771	783	2,503	2,443
Separation and other costs	202	5	460	5
Business optimization costs	65	179	162	633
Other	3,508	3,255	10,415	9,624
	22,652	20,868	65,801	62,282
OPERATING INCOME	1,348	1,292	3,912	3,424
OTHER (EXPENSE) INCOME:

Item 1. Financial Statements

FAQ

What is FedEx's business optimization costs?: FedEx (FDX) reported business optimization costs of $65M in Q4 2025.
How has FedEx's business optimization costs changed year-over-year?: FedEx's business optimization costs decreased by 63.7% year-over-year, from $179M to $65M.

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