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FedEx FDX Self-insurance accruals

Self-insurance accruals at other companies

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Heartland ExpressHTLD
$29.7M-16.8%

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$75.37B+42.2%
Enterprise value$104.84B+24.6%
P/E17×+4.1×
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:SelfInsuranceReserveNoncurrent.

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 itemMay 31, 2026May 31, 2025
LONG-TERM DEBT, LESS CURRENT PORTION23,29319,151
OTHER LONG-TERM LIABILITIES
Operating lease liabilities14,54914,272
Self-insurance accruals4,4134,033
Deferred income taxes3,6644,205
Pension, postretirement healthcare, and other benefit obligations1,6251,698
Other liabilities834783
Total other long-term liabilities25,08524,991

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's self-insurance accruals?
FedEx (FDX) reported self-insurance accruals of $4.41B in Q1 2026.
How has FedEx's self-insurance accruals changed year-over-year?
FedEx's self-insurance accruals increased by 9.4% year-over-year, from $4.03B to $4.41B.
What is the long-term trend for FedEx's self-insurance accruals?
Over 2 years (2024 to 2026), FedEx's self-insurance accruals has grown at a 9.2% compound annual growth rate (CAGR), from $3.7B to $4.41B.
What does self-insurance accruals mean?
Reserves set aside for long-term claims and liabilities where the company acts as its own insurer, such as workers' compensation or general liability. This reflects the estimated cost of future claims that are expected to be settled beyond the next year.

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