FDX NYSE
FedEx Corporation
1W: +2.3%
1M: +5.1%
3M: -3.5%
YTD: +28.3%
1Y: +58.8%
3Y: +62.3%
5Y: +80.2%
$307.10
+6.52 (+2.17%)
After Hours: $306.84 (-0.26, -0.08%)
Weekly Expected Move ±2.1%
$286
$292
$299
$305
$312
Credit Risk of going bust: lower than 70% of companies Debt: 37.6% of company value Bonds: $85.1M held by 208 funds, 66 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $6.82 (down 98%), FedEx Corporation would be worth roughly what it owes.
Total debt $42.94B against a stock market value of $71.14B.
Distance to default 7.63 (Merton model): prices to 2026-10-26, balance sheet 2026-05-31, debt counted $14.07B (short-term plus half of long-term), stock volatility 28.2%; Altman Z'' 3.01. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $6.82 (down 98%), FedEx Corporation would be worth roughly what it owes.
Total debt $42.94B against a stock market value of $71.14B.
Distance to default 7.63 (Merton model): prices to 2026-10-26, balance sheet 2026-05-31, debt counted $14.07B (short-term plus half of long-term), stock volatility 28.2%; Altman Z'' 3.01. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$8.9B
+26.8% ▲
5Y CAGR: -2.5%
Capital Expenditures
$3.8B
+6.1% ▲
5Y CAGR: -8.3%
Free Cash Flow
$5.1B
+71.6% ▲
5Y CAGR: +3.8%
Dividends Paid
$1.4B
-2.6% ▼
Buybacks
$796M
+73.6% ▲
Net Change in Cash
$7.8B
+881.7% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $3.8B | $4.0B | $4.3B | $4.1B | $4.4B |
| Depreciation & Amort. | $4.0B | $4.2B | $4.3B | $4.3B | $4.4B |
| Stock-Based Comp. | $190M | $182M | $163M | $154M | $177M |
| Change in Working Capital | -$3.1B | -$3.2B | -$3.4B | -$4.7B | -$3.5B |
| Other Non-Cash Items | $2.0B | $3.8B | $3.0B | $3.2B | $3.5B |
| Operating Cash Flow | $9.8B | $8.8B | $8.3B | $7.0B | $8.9B |
| — Investing Activities — | |||||
| Capital Expenditures | -$6.8B | -$6.2B | -$5.2B | -$4.1B | -$3.8B |
| Acquisitions (Net) | $94M | $84M | $114M | $115M | $97M |
| Investment Purchases | -$147M | -$84M | -$176M | -$262M | -$682M |
| Investment Sales | -$94M | -$84M | $38M | $110M | $483M |
| Other Investing | $94M | $84M | $0 | $0 | $0 |
| Investing Cash Flow | -$6.8B | -$6.2B | -$5.2B | -$4.1B | -$3.9B |
| — Financing Activities — | |||||
| Net Debt Issuance | -$161M | -$152M | -$147M | -$157M | $4.0B |
| Stock Repurchased | -$2.2B | -$1.5B | -$2.5B | -$3.0B | -$796M |
| Dividends Paid | -$793M | -$1.2B | -$1.3B | -$1.3B | -$1.4B |
| Other Financing | -$1M | $1M | -$11M | -$30M | -$55M |
| Financing Cash Flow | -$3.0B | -$2.6B | -$3.4B | -$4.0B | $2.7B |
| Net Change in Cash | -$190M | -$74M | -$355M | -$999M | $7.8B |
| Cash End of Period | $6.9B | $6.8B | $6.5B | $5.5B | $13.3B |
| Free Cash Flow | $3.1B | $2.6B | $3.1B | $3.0B | $5.1B |