FDX logo FedEx Corporation +
Ticker
FDX
UPS
Headquarter
Memphis ,TN
US
Atlanta ,GA
US
CEO
Rajesh Subramaniam
Carol B. Tome
Industry
Integrated Freight & Logistics
Integrated Freight & Logistics
Stock Price
Stock Price
Market Cap
Market Cap
$52.79 B
$71.47 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Employees
  • 188.00 K
  • 241.00 K
  • 440.00 K
  • 536.00 K
  • 500.00 K
  • 490.00 K
Y/Y
1.57%
28.19%
82.57%
0.37%
6.72%
2%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Revenue
  • $90.16 B
  • $87.69 B
  • $87.93 B
  • $100.03 B
  • $90.75 B
  • $90.89 B
Y/Y
3.59%
2.73%
0.27%
2.91%
9.29%
0.16%
Revenue by Products / Services
Revenue by Geography
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Research and Development
  • -
  • -
  • -
  • -
  • -
  • -
Y/Y
0%
0%
0%
0%
0%
0%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Operating Income
  • $5.34 B
  • $6.36 B
  • $6.08 B
  • $12.97 B
  • $9.37 B
  • $8.69 B
Y/Y
18.17%
19.05%
4.3%
1.06%
27.74%
7.32%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Tax Rate (%)
  • 26.00%
  • 26.00%
  • 25.00%
  • 22.00%
  • 22.00%
  • 22.00%
Y/Y
18.72%
0.58%
3.88%
1.03%
1.58%
2.57%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Net Income
  • $3.97 B
  • $4.33 B
  • $4.09 B
  • $11.55 B
  • $6.71 B
  • $5.78 B
Y/Y
3.82%
9.04%
5.52%
10.41%
41.91%
13.8%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Revenue Per Employee
  • $479.55 K
  • $363.87 K
  • $199.83 K
  • $186.63 K
  • $181.49 K
  • $185.50 K
Y/Y
2.05%
24.12%
45.08%
2.53%
2.75%
2.21%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Net Income Per Employee
  • $21.13 K
  • $17.97 K
  • $9.30 K
  • $21.54 K
  • $13.42 K
  • $11.80 K
Y/Y
5.47%
14.94%
48.25%
10.75%
37.73%
12.05%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Total Assets
  • $87.11 B
  • $87.01 B
  • $87.63 B
  • $71.12 B
  • $70.86 B
  • $70.07 B
Y/Y
1.3%
0.12%
0.71%
2.48%
0.38%
1.11%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Total Liabilities
  • $61.06 B
  • $59.43 B
  • $59.55 B
  • $51.32 B
  • $53.54 B
  • $53.33 B
Y/Y
0%
2.67%
0.22%
6.92%
4.33%
0.4%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Capital Expenditures (Capex)
  • -$6.17 B
  • -$5.18 B
  • -$4.06 B
  • -$4.77 B
  • -$5.16 B
  • -$3.91 B
Y/Y
8.71%
16.16%
21.66%
13.71%
8.16%
24.21%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Operating Income Margin (%)
  • 5.92%
  • 7.25%
  • 6.92%
  • 12.96%
  • 10.33%
  • 9.56%
Y/Y
15.19%
22.47%
4.55%
3.86%
20.29%
7.45%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Net Income Margin (%)
  • 4.41%
  • 4.94%
  • 4.65%
  • 11.54%
  • 7.39%
  • 6.36%
Y/Y
7.82%
12.02%
5.87%
12.97%
35.96%
13.94%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
EBITDA
  • $10.23 B
  • $10.87 B
  • $10.13 B
  • $18.71 B
  • $12.71 B
  • $11.91 B
Y/Y
7.1%
6.21%
6.78%
7.53%
32.04%
6.31%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Free Cash Flow (FCF)
  • $2.64 B
  • $3.14 B
  • $2.98 B
  • $9.34 B
  • $5.08 B
  • $6.21 B
Y/Y
13.95%
18.74%
4.94%
13.67%
45.58%
22.3%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Return on Equity (ROE)
  • 15.23%
  • 15.70%
  • 14.58%
  • 58.36%
  • 38.76%
  • 34.59%
Y/Y
0.72%
3.09%
7.13%
35.47%
33.58%
10.76%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Return on Assets (ROA)
  • 4.56%
  • 4.98%
  • 4.67%
  • 16.24%
  • 9.47%
  • 8.25%
Y/Y
2.47%
9.21%
6.22%
12.55%
41.69%
12.88%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Debt to Equity
  • 146.93%
  • 136.75%
  • 133.28%
  • 118.88%
  • 154.45%
  • 153.44%
Y/Y
1.48%
6.93%
2.54%
33.63%
29.92%
0.65%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Enterprise value
  • $86.84 B
  • $94.20 B
  • $84.91 B
  • $169.33 B
  • $158.62 B
  • $127.36 B
Y/Y
2.82%
8.47%
9.86%
16.42%
6.33%
19.71%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Enterprise value to Revenue
  • 0.96
  • 1.07
  • 0.97
  • 1.69
  • 1.75
  • 1.40
Y/Y
0.81%
11.51%
10.1%
18.78%
3.26%
19.85%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2022
  • 2023
  • 2024
Enterprise value to EBITDA
  • 8.49
  • 8.67
  • 8.38
  • 9.05
  • 12.48
  • 10.69
Y/Y
9.26%
2.13%
3.3%
9.61%
37.83%
14.3%