FDX - FedEx Stock

Market Summary

USD260.72+10.20

Delayedas of 21 Sep 2023, 11:28 am

4.07%

FDX Stock Price

FDX RSI Chart

FDX Valuation

Market Cap

59.7B

Price/Earnings (Trailing)

17.9

Price/Sales (Trailing)

0.63

EV/EBITDA

9

Price/Free Cashflow

6.72

FDX Price/Sales (Trailing)

FDX Profitability

EBT Margin

4.23%

Return on Equity

12.1%

Return on Assets

3.49%

Free Cashflow Yield

14.87%

FDX Fundamentals

FDX Revenue

Revenue (TTM)

90.2B

Revenue Y/Y

-10.1%

Revenue Q/Q

-1.08%

FDX Earnings

Earnings (TTM)

4.0B

Earnings Y/Y

175.63%

Earnings Q/Q

99.48%

Price Action

52 Week Range

141.92270.95

(Low)(High)

Last 7 days

-0.6%

Last 30 days

-3.6%

Last 90 days

7.6%

Trailing 12 Months

59.2%

FDX Financial Health

Current Ratio

1.32

Debt/Equity

0.81

Debt/Cashflow

0.44

FDX Investor Care

Dividend Yield

2.34%

Dividend/Share (TTM)

5.86

Diluted EPS (TTM)

15.48

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for FDX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-07-20	Lenz Michael C.	gifted	-	-	-190	evp chief financial off
2023-07-20	Lenz Michael C.	acquired	824,666	143	5,745	evp chief financial off
2023-07-20	Lenz Michael C.	sold	-1,504,470	261	-5,745	evp chief financial off
2023-07-19	Krishnasamy Sriram	acquired	-	-	934	evp - cto & ceo dataworks
2023-06-28	CARTER ROBERT B	sold	-4,740,420	246	-19,270	evp / chief info officer
2023-06-28	CARTER ROBERT B	acquired	2,766,110	143	19,270	evp / chief info officer
2023-06-27	Johnson Jennifer L	acquired	1,598,140	147	10,801	cvp prin acct officer
2023-06-27	Johnson Jennifer L	sold	-2,577,190	238	-10,801	cvp prin acct officer
2023-06-22	Krishnasamy Sriram	acquired	-	-	3,959	evp - cto & ceo dataworks
2023-06-22	Lenz Michael C.	acquired	-	-	4,227	evp chief financial off

Which funds bought or sold FDX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-19	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	reduced	-6.66	46,882	3,735,850	1.56%
2023-09-14	IMS Capital Management	added	0.1	37,797	477,947	0.26%
2023-09-12	Prosperity Wealth Management, Inc.	sold off	-100	-77,944	-	-%
2023-09-12	Farther Finance Advisors, LLC	unchanged	-	4,523	57,761	0.01%
2023-09-08	TUCKER ASSET MANAGEMENT LLC	sold off	-100	-2,056	-	-%
2023-09-07	ST GERMAIN D J CO INC	new	-	80,320	80,320	-%
2023-09-07	JAG CAPITAL MANAGEMENT, LLC	added	1.66	226,345	2,425,850	0.28%
2023-09-05	Delos Wealth Advisors, LLC	reduced	-45.56	-8,417	12,148	0.01%
2023-09-05	Westshore Wealth, LLC	reduced	-2.33	14,004	248,892	0.13%
2023-08-30	CHAPIN DAVIS, INC.	reduced	-0.33	94,706	1,258,640	0.60%

Latest Funds Activity

Are funds buying FDX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FDX

No. of Funds

Schedule 13G FIlings of FedEx

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	dodge & cox	6.9%	17,331,895	SC 13G/A
Feb 09, 2023	primecap management co/ca/	5.52%	13,921,967	SC 13G/A
Feb 09, 2023	vanguard group inc	7.55%	19,050,450	SC 13G/A
Feb 07, 2023	blackrock inc.	6.6%	16,691,254	SC 13G/A
Feb 06, 2023	smith frederick w	8.2%	20,658,394	SC 13G/A
Mar 11, 2022	blackrock inc.	6.2%	16,526,633	SC 13G/A
Feb 14, 2022	dodge & cox	6.3%	16,674,920	SC 13G/A
Feb 10, 2022	primecap management co/ca/	4.98%	13,195,532	SC 13G/A
Feb 08, 2022	blackrock inc.	6.2%	16,526,633	SC 13G
Jan 28, 2022	smith frederick w	7.9%	20,783,462	SC 13G/A

Recent SEC filings of FedEx

View All Filings

Date Filed	Form Type	Document
Sep 20, 2023	10-Q	Quarterly Report
Sep 20, 2023	8-K	Current Report
Aug 18, 2023	PX14A6G	PX14A6G
Aug 16, 2023	PX14A6G	PX14A6G
Aug 10, 2023	ARS	ARS
Aug 10, 2023	DEF 14A	DEF 14A
Aug 10, 2023	DEFA14A	DEFA14A
Aug 04, 2023	3/A	Insider Trading
Aug 01, 2023	3	Insider Trading
Jul 31, 2023	8-K	Current Report

Peers (Alternatives to FedEx)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FDX	59.7B	90.2B	-3.62%	59.16%	17.9	0.63	-3.59%	3.82%
DAL	24.5B	55.7B	-6.85%	18.72%	298.7	0.53	33.38%	398.83%
LUV	17.0B	25.1B	-10.65%	-17.87%	39.1	0.68	18.83%	-71.05%
EXPD	16.9B	12.6B	0.21%	27.60%	16.01	1.34	-33.44%	-31.22%
CHRW	10.2B	20.1B	-6.35%	-13.50%	19.07	0.51	-23.75%	-51.25%
MID-CAP
XPO	8.0B	7.6B	-1.85%	48.55%	95.29	1.05	0.77%	-87.90%
AAWW	2.9B	4.5B	0.24%	22.01%	8.22	0.64	12.86%	-27.86%
FWRD	1.7B	1.8B	2.61%	-27.07%	11.39	0.95	-2.22%	-6.61%
JBLU	1.5B	9.9B	-27.42%	-42.17%	56.49	0.15	24.14%	106.11%
SMALL-CAP
SAVE	2.0B	5.5B	-7.26%	-30.78%	-4.4	0.37	29.98%	-29.36%
ATSG	1.5B	2.1B	-3.58%	-18.17%	9.8	0.72	7.02%	-29.07%
RLGT	269.6M	1.1B	-14.41%	-7.62%	13.09	0.25	49.19%	-53.68%
AIRT	62.7M	267.9M	-0.35%	23.69%	-5.5	0.23	40.28%	-223.76%
HUBG	2.6M	4.8B	-0.97%	12.10%	0.01	5e-4	-3.92%	-13.56%

FedEx News

Returns for FDX

Cumulative Returns on FDX

8.9%

10-Year Cumulative Returns

6.4%

7-Year Cumulative Returns

1.3%

5-Year Cumulative Returns

1.8%

3-Year Cumulative Returns

Risks for FDX

What is the probability of a big loss on FDX?

98.5%

Probability that FedEx stock will be more than 20% underwater in next one year

65%

Probability that FedEx stock will be more than 30% underwater in next one year.

10.8%

Probability that FedEx stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FDX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if FedEx was unfortunately bought at previous high price.

Drawdowns

Financials for FedEx

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	-2.7%	90,155	92,619	94,091	94,751	93,512	91,683	89,552	86,641	83,959	78,752	74,729	71,490	69,217	69,666	69,189	69,689	69,693	69,200	68,716	67,205	65,450
Costs and Expenses	-2.3%	85,243	87,286	88,474	88,713	87,267	85,565	83,755	80,976	78,102	74,217	70,788	68,460	66,800	66,408	65,431	65,317	65,227	64,722	64,291	62,833	61,178
EBITDA	-100.0%	-	8,068	8,346	8,616	9,555	11,448	11,142	11,124	11,260	8,241	7,580	6,631	5,956	3,636	4,048	4,570	4,643	8,487	8,367	8,237	-
EBITDA Margin	-100.0%	-	0.09*	0.09*	0.09*	0.10*	0.12*	0.12*	0.13*	0.13*	0.10*	0.10*	0.09*	0.09*	0.05*	0.06*	0.07*	0.07*	0.12*	0.12*	0.12*	-
Interest Expenses	-	694	-	-	-	689	-	-	-	793	-	-	-	672	-	-	-	588	-	-	-	558
Earnings Before Taxes	36.8%	5,363	3,919	4,272	4,593	4,896	6,825	6,499	6,525	6,674	3,742	3,113	2,279	1,669	-566	-55.00	550	655	4,567	4,510	4,472	4,353
EBT Margin	-100.0%	-	0.04*	0.05*	0.05*	0.05*	0.07*	0.07*	0.08*	0.08*	0.05*	0.04*	0.03*	0.02*	-0.01*	0.00*	0.01*	0.01*	0.07*	0.07*	0.07*	-
Net Income	32.8%	3,972	2,992	3,333	3,589	3,826	5,136	4,916	5,098	5,231	3,029	2,452	1,786	1,286	-349	75.00	450	540	3,636	4,971	4,811	4,572
Net Income Margin	-100.0%	-	0.03*	0.04*	0.04*	0.04*	0.06*	0.05*	0.06*	0.06*	0.04*	0.03*	0.02*	0.02*	-0.01*	0.00*	0.01*	0.01*	0.05*	0.07*	0.07*	-
Free Cashflow	-100.0%	-	8,903	8,875	9,355	9,832	9,073	8,987	9,568	10,135	9,211	8,253	7,183	5,097	5,568	5,508	5,477	5,613	6,835	5,355	4,785	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	1.6%	87,143	85,775	85,591	85,826	85,994	84,108	84,247	82,048	82,777	82,793	81,156	77,648	73,537	70,014	69,954	68,452	54,403	54,464	53,289	51,901	52,330
Current Assets	3.7%	18,610	17,944	18,217	19,606	20,365	19,466	20,747	19,546	20,580	21,710	21,265	18,903	16,383	12,541	13,198	13,017	13,086	13,500	13,438	12,641	13,341
Cash Equivalents	27.6%	6,856	5,373	4,646	6,850	6,897	6,065	6,833	6,853	7,087	8,856	8,339	6,954	4,881	1,766	2,031	2,389	2,319	2,872	2,123	2,369	3,265
Net PPE	2.1%	40,698	39,849	39,721	38,806	38,091	37,376	37,153	36,481	35,752	34,990	34,610	34,262	33,608	33,306	32,408	31,610	30,429	29,768	29,387	28,779	28,154
Goodwill	-0.3%	6,435	6,455	6,377	6,316	6,544	6,755	6,702	6,843	6,992	6,977	6,702	6,633	6,372	6,814	6,861	6,821	6,884	6,916	6,908	6,869	6,973
Current Liabilities	0.0%	13,586	13,580	14,039	13,765	14,274	13,990	13,884	12,910	13,660	13,566	12,115	11,195	10,344	10,325	10,547	9,935	9,013	9,256	9,496	9,606	9,627
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	150	-	-	225	250	299	-
Long Term Debt	1.6%	20,453	20,122	20,076	19,918	20,182	20,393	20,386	20,554	20,733	22,797	23,221	23,204	21,952	18,973	18,691	18,726	16,617	17,218	16,399	15,241	15,243
Shareholder's Equity	5.5%	26,088	24,733	24,115	25,140	24,939	24,526	24,940	24,321	24,168	21,981	21,039	19,462	18,295	18,831	18,659	18,166	17,757	19,894	19,294	19,173	19,416
Retained Earnings	3.6%	35,259	34,040	33,557	33,060	32,782	32,225	31,307	30,462	29,817	27,924	27,208	26,108	25,216	25,569	25,431	25,048	24,648	26,650	26,080	25,315	24,823
Additional Paid-In Capital	0.9%	3,769	3,735	3,487	3,751	3,712	3,686	3,653	3,610	3,481	3,445	3,400	3,375	3,356	3,324	3,287	3,257	3,231	3,209	3,185	3,154	3,117
Accumulated Depreciation	1.1%	39,926	39,486	38,811	37,906	37,184	36,770	35,821	35,061	34,325	33,713	32,904	32,184	31,416	30,999	30,307	29,826	29,082	28,396	28,114	27,547	26,967

Cashflow (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-0.6%	8,848	8,903	8,875	9,355	9,832	9,073	8,987	9,568	10,135	9,211	8,253	7,183	5,097	5,568	5,508	5,477	5,613	6,835	5,355	4,785	4,674
Share Based Compensation	0.6%	182	181	186	189	190	190	191	194	200	192	185	176	168	170	170	173	174	173	172	173	167
Cashflow From Investing	9.1%	-6,174	-6,793	-6,904	-6,575	-6,816	-6,124	-6,310	-6,142	-6,010	-5,495	-5,396	-5,845	-5,846	-6,468	-6,154	-5,791	-5,473	-5,355	-5,605	-5,740	-5,677
Cashflow From Financing	0.4%	-2,597	-2,607	-3,950	-2,536	-3,019	-5,719	-4,172	-3,645	-2,090	3,335	3,453	3,264	3,381	-165	564	375	-1,039	-1,357	-367	-157	227
Dividend Payments	8.7%	1,177	1,083	991	892	793	771	745	716	686	683	681	679	679	678	849	680	683	647	440	574	535
Buy Backs	1662.5%	1,500	-96.00	2,904	-	2,200	2,997	1,496	2,196	-	-	-	-	3.00	118	211	857	1,480	1,806	2,001	1,539	1,000

FDX Income Statement

2023-05-31

Consolidated Statements of Income - USD ($)
$ in Millions

12 Months Ended

May 31, 2023

May 31, 2022

May 31, 2021

Income Statement [Abstract]

REVENUE

^[1]

$ 90,155

$ 93,512

$ 83,959

OPERATING EXPENSES:

Salaries and employee benefits

31,019

32,058

30,173

Purchased transportation

21,790

24,118

21,674

Rentals and landing fees

4,738

4,712

4,155

Depreciation and amortization

4,176

3,970

3,793

Fuel

5,909

5,115

2,882

Maintenance and repairs

3,357

3,372

3,328

Goodwill and other asset impairment charges

117

Business optimization and realignment costs

309

278

116

Other

13,828

13,644

11,981

TOTAL OPERATING EXPENSES

85,243

87,267

78,102

OPERATING INCOME

4,912

^[2]

6,245

^[3]

5,857

^[4]

OTHER INCOME (EXPENSE):

Interest expense

(694)

(689)

(793)

Interest income

198

53

52

Other retirement plans income (expense)

1,054

(726)

1,983

Loss on debt extinguishment

(393)

Other, net

(107)

13

(32)

TOTAL OTHER INCOME (EXPENSE)

451

(1,349)

817

INCOME BEFORE INCOME TAXES

5,363

4,896

6,674

PROVISION FOR INCOME TAXES

1,391

1,070

1,443

NET INCOME

$ 3,972

$ 3,826

$ 5,231

BASIC EARNINGS PER COMMON SHARE

$ 15.60

$ 14.54

$ 19.79

DILUTED EARNINGS PER COMMON SHARE

$ 15.48

$ 14.33

$ 19.45

[1]	International revenue includes shipments that either originate in or are destined to locations outside the United States, which could include U.S. payors. Noncurrent assets include property and equipment, operating lease right-of-use assets, goodwill, and other long-term assets. Our flight equipment is registered in the U.S. and is included as U.S. assets; however, many of our aircraft operate internationally.
[2]	Includes business optimization costs of $262 million included in “Corporate, other, and eliminations” and business optimization and realignment costs of $11 million and $36 million, respectively, included in the FedEx Express segment. Includes noncash other asset impairment charges of $70 million primarily related to the decision to permanently retire certain aircraft and related engines at FedEx Express and goodwill and other asset impairment charges of $47 million at FedEx Dataworks related to the ShopRunner acquisition. Also includes $35million in connection with a FedEx Ground legal matter included in “Corporate, other, and eliminations.”
[3]	Includes business realignment costs of $278 million included in the FedEx Express segment, as well as a charge of $210 million related to the pre- and post-judgment interest in connection with a separate FedEx Ground legal matter included in “Corporate, other, and eliminations.” Also includes TNT Express integration expenses of $132 million included in “Corporate, other, and eliminations” and the FedEx Express segment.
[4]	Includes TNT Express integration expenses of $210 million included in “Corporate, other, and eliminations” and the FedEx Express segment. Also includes business realignment costs of $116 million included in the FedEx Express segment.

FDX Balance Sheet

2023-05-31

Consolidated Balance Sheets - USD ($)
$ in Millions

May 31, 2023

May 31, 2022

CURRENT ASSETS

Cash and cash equivalents

$ 6,856

$ 6,897

Receivables, less allowances of $800 and $692

10,188

11,863

Spare parts, supplies, and fuel, less allowances of $276 and $360

604

637

Prepaid expenses and other

962

968

Total current assets

18,610

20,365

PROPERTY AND EQUIPMENT, AT COST

Aircraft and related equipment

29,108

27,874

Package handling and ground support equipment

16,839

14,930

Information technology

8,792

8,098

Vehicles and trailers

10,191

9,806

Facilities and other

15,694

14,567

Total property and equipment, at cost

80,624

75,275

Less accumulated depreciation and amortization

39,926

37,184

Net property and equipment

40,698

38,091

OTHER LONG-TERM ASSETS

Operating lease right-of-use assets, net

17,347

16,613

Goodwill

6,435

6,544

Other assets

4,053

4,381

Total other long-term assets

27,835

27,538

TOTAL ASSETS

^[1]

87,143

85,994

CURRENT LIABILITIES

Current portion of long-term debt

126

82

Accrued salaries and employee benefits

2,475

2,531

Accounts payable

3,848

4,030

Operating lease liabilities

2,390

2,443

Accrued expenses

4,747

5,188

Total current liabilities

13,586

14,274

LONG-TERM DEBT, LESS CURRENT PORTION

20,453

20,182

OTHER LONG-TERM LIABILITIES

Deferred income taxes

4,489

4,093

Pension, postretirement healthcare and other benefit obligations

3,130

4,448

Self-insurance accruals

3,339

2,889

Operating lease liabilities

15,363

14,487

Other liabilities

695

682

Total other long-term liabilities

27,016

26,599

COMMITMENTS AND CONTINGENCIES

COMMON STOCKHOLDERS' INVESTMENT

Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of May 31, 2023 and 2022

32

Additional paid-in capital

3,769

3,712

Retained earnings

35,259

32,782

Accumulated other comprehensive loss

(1,327)

(1,103)

Treasury stock, at cost

(11,645)

(10,484)

Total common stockholders’ investment

26,088

24,939

TOTAL LIABILITIES AND COMMON STOCKHOLDERS' INVESTMENT

$ 87,143

$ 85,994

[1]	Segment assets include intercompany receivables.

About FedEx

Frederick W. Smith

www.fedex.com

65535

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences. The company's FedEx Freight segment offers less-than-truckload freight transportation services. As of May 31, 2021, this segment had approximately 29,000 vehicles and 400 service centers. Its FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office function services. The company's Corporate, Other and Eliminations segment offers integrated supply chain management solutions, specialty transportation, customs brokerage, and global ocean and air freight forwarding services; and an array of document and business services, and retail access to its customers for its package transportation businesses. The company was founded in 1971 and is based in Memphis, Tennessee.