Non-Current Assets
Accumulated Depreciation
FedEx Accumulated Depreciation increased by 2.2% to $48.57B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 6.5%, from $45.6B to $48.57B. Over 4 years (FY 2021 to FY 2025), Accumulated Depreciation shows an upward trend with a 7.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ4 2015
Last reportedQ3 2026Mar 19, 2026
Parent metricPP&E (Net)
How to read this metric
A rising ratio of accumulated depreciation to gross assets suggests an aging asset base that may soon require significant capital expenditure for replacement.
Detailed definition
This is the cumulative amount of depreciation expense charged against property, plant, and equipment since their acquisi...
Peer comparison
Commonly reported in all industries with significant tangible asset bases.
Metric ID:
ppe_accumulated_depreciationHistorical 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 | $34.33B | $35.06B | $35.82B | $36.77B | $37.18B | $37.91B | $38.81B | $39.49B | $39.93B | $40.82B | $41.75B | $42.62B | $42.9B | $43.9B | $44.65B | $45.6B | $45.98B | $46.74B | $47.54B | $48.57B |
| QoQ Change | — | +2.1% | +2.2% | +2.6% | +1.1% | +1.9% | +2.4% | +1.7% | +1.1% | +2.2% | +2.3% | +2.1% | +0.7% | +2.3% | +1.7% | +2.1% | +0.8% | +1.7% | +1.7% | +2.2% |
| YoY Change | — | — | — | — | +8.3% | +8.1% | +8.3% | +7.4% | +7.4% | +7.7% | +7.6% | +7.9% | +7.4% | +7.6% | +7.0% | +7.0% | +7.2% | +6.5% | +6.5% | +6.5% |
| % of PP&E (Net) | 96.0% | 96.1% | 96.4% | 98.4% | 97.6% | 97.7% | 97.7% | 99.1% | 98.1% | 99.1% | 100.5% | 102.6% | 103.4% | 106.4% | 108.9% | 111.3% | 110.4% | 112.9% | 115.1% | 116.9% |
| Share Change | — | +0.1pp | +0.3pp | +2.0pp | -0.8pp | +0.1pp | +0.0pp | +1.4pp | -1.0pp | +1.0pp | +1.4pp | +2.1pp | +0.8pp | +3.0pp | +2.5pp | +2.4pp | -0.9pp | +2.5pp | +2.1pp | +1.9pp |
Range$34.33B – $48.57B
CAGR+7.6%
Avg YoY Growth+7.4%
Median YoY Growth+7.4%
Current Streak19+ quarters growth
Accumulated Depreciation at Other Companies
Frequently Asked Questions
- What is FedEx's accumulated depreciation?
- FedEx (FDX) reported accumulated depreciation of $48.57B in Q4 2025.
- How has FedEx's accumulated depreciation changed year-over-year?
- FedEx's accumulated depreciation increased by 6.5% year-over-year, from $45.6B to $48.57B.
- What is the long-term trend for FedEx's accumulated depreciation?
- Over 4 years (2021 to 2025), FedEx's accumulated depreciation has grown at a 7.6% compound annual growth rate (CAGR), from $34.33B to $45.98B.
- What does accumulated depreciation mean?
- The total amount of depreciation recorded for physical assets over their entire useful life.