The Tip Desk

FEDEX CORP

Company Stats

Market Cap
$67.4B
as of Sep 30, 2026
Enterprise Value
$77.8B
Shares Outstanding
236.6M
Free Float
91.6%

Income Statement

Revenue
$94.7B
Operating Income
$5.5B
Net Income
$4.4B
EBITDA
$9.8B
Non-cash Impairment
$23.0M
Revenue Growth, 3Y
1.7%
FCF Margin, 3Y Avg
4.1%
FCF Margin, Worst Year
3.4%

Cash Flow

Free Cash Flow
$5.1B
FCF Yield
7.6%
Owner FCF Yield
7.3%

Balance Sheet

Cash & Equivalents
$13.3B
Total Debt
$23.7B
Net Debt
$10.4B
Net Debt / EBITDA
1.06x
EV / EBITDA
7.92x
Net Debt / EBIT
1.90x

Returns & Capital

Dividends Paid
$1.4B
Dividend Yield
2.0%
Dividend Payout, 3Y Avg
30.9%
Share Repurchases
$796.0M
Buyback Yield, 3Y Avg
3.1%
SBC, 3Y Avg
$164.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2026$94.7B$5.1B5.4%
FY2025$87.9B$3.0B3.4%
FY2024$87.7B$3.1B3.6%
FY2023$90.2B$2.7B3.0%
FY2022$93.5B$3.1B3.3%

Annual filing data through FY ended May 31, 2026; shares and float as of October 9, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage