FEDEX CORP · Air Courier Services

FDX

Low riskNext report: Due any day

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The short version

A profitable company with growing sales.

Going well

Sales up 13% in the latest quarter vs a year ago
Profitable every year for 10 years
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions added 2% to their holdings in the quarter ending June 2026 (874 bought, 886 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$300.52+0.6% that day

Company value: $71.1B; Share price times all shares
Price vs profit (P/E): 16.2x; You pay about $16 for each $1 of yearly profit
Price vs sales: 0.75x; Company value is 0.75 times a year of sales
Dividend yield: 1.9%; Yearly dividend as a share of today's price
Cash vs value: 19%; Cash as a share of company value
Debt vs value: 28%; Debt as a share of company value

From FDX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, May '26 (worked out from yearly totals)

$25.0B+13% vs a year earlier

Aug '23Tap a barMay '26

Last 12 months: $94.7B, up 7.7% from the 12 months before. Over 5 years, sales grew about 2.4% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of FDX. Starting points are the company's recent numbers.

Sales growth+8% a yearRecently: +7.7% a yearProfit margin1%Last 12 months: 0.0%P/E at the end16xToday: 16.2x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$139.2B

Profit in 5 years$1.4B

Price these guesses point to$104.13-65% vs $300.52 todayAbout -19% a year, before dividends

What today's price needs: with a 1% margin and a 16x P/E, sales would have to grow about 34% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.0.0%
MissDebt under half of equityNot relying on borrowed money.0.71x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.0%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$8.9B
PassShare count not growingNot diluting owners. Falling means buybacks.-6.6% in 3 years

Revenue: $94.7B; +7.7% vs prior year
5-year growth: +2.4%/yr; revenue, per year
Total debt: $19.9B; 0.71x equity
Current ratio: 1.27x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended May 31, 2026

Reported Jul 21

Revenue: $25.0B; +12.5% YoY
EPS: $6.64; vs $6.82
Op. margin: 6.2%; -1.9 pts
Free cash flow: $1.8B
Share count: +0.3%; vs a year ago

Some values are worked out from year-to-date totals in the annual report.

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

40/ 100

This week: 1
Normal week: 1.4
vs normal: 0.7x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+2.0%

Institutions added 2.0% to their holdings. 874 bought, 886 sold. 3 quarters of net buying in a row.

Shares held by institutions191.0M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-2.0%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.7x · $23.5B debt

Shares outstandingLatest reported

237M

Earnings reports

Last 12

Next reportDue any dayEstimated from the same quarter last year

Results filedJul 21
Results filedJun 23
Results filedMar 19
Results filedDec 18, 2025
Results filedSep 18, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusSep 11 · View filing ↗Offering Offering prospectusSep 11 · View filing ↗Offering Offering prospectusSep 9 · View filing ↗Offering Offering prospectusSep 9 · View filing ↗Offering New 5%+ holder (passive)Aug 7 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Leadership changeOct 26 · Form 8-K ↗Shareholder vote resultsSep 29 · Form 8-K ↗

Option exerciseJoshua Cooper RamoDirector

5,042 shares at $137.85 · $695K

+59% of holdings
Now owns 13,559 shares
Exercise price $137.85
Filed 1 day after trade
Also: Shares withheld for taxes

Sep 24Form 4 ↗

CERTSep 15 · Form CERT ↗Other company newsSep 14 · Form 8-K ↗8-A12BSep 14 · Form 8-A12B ↗Offering prospectusSep 11 · Form 424B5 ↗Offering prospectusSep 11 · Form 424B5 ↗Offering prospectusSep 9 · Form 424B3 ↗Offering prospectusSep 9 · Form 424B3 ↗FWPSep 9 · Form FWP ↗FWPSep 9 · Form FWP ↗

Option exerciseMarvin R EllisonDirector

5,042 shares at $137.85 · $695K

+57% of holdings
Now owns 13,903 shares
Exercise price $137.85
Filed 3 days after trade
Also: Shares withheld for taxes

Aug 28Form 4 ↗

Stock awardVishal TalwarEVP CDIO & PRESIDENT FDW

1,489 shares

+11% of holdings
Now owns 15,525 shares
Filed 1 day after trade

Aug 17Form 4 ↗

Proxy statementAug 17 · Form DEF 14A ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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