FDX logo FedEx Corporation +
Ticker
FDX
UPS
Headquarter
Memphis ,TN
US
Atlanta ,GA
US
CEO
Rajesh Subramaniam
Carol Tome
Industry
Integrated Freight & Logistics
Integrated Freight & Logistics
Stock Price
Stock Price
Market Cap
Market Cap
$87.12 B
$99.55 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
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
  • 2023
  • 2024
  • 2025
Revenue
  • $90.16 B
  • $87.69 B
  • $87.93 B
  • $90.75 B
  • $90.89 B
  • $88.60 B
Y/Y
3.59%
2.73%
0.27%
9.29%
0.16%
2.52%
Revenue by Products / Services
Years
  • 2025
  • 2017
Revenue by Geography
Years
  • 2025
  • 2024
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • -
  • -
  • -
  • -
  • -
  • -
Y/Y
0%
0%
0%
0%
0%
0%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • $5.34 B
  • $6.36 B
  • $5.22 B
  • $9.37 B
  • $8.69 B
  • $7.90 B
Y/Y
18.17%
19.05%
17.91%
27.74%
7.32%
9.04%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 25.94%
  • 25.79%
  • 24.79%
  • 21.75%
  • 22.31%
  • 22.22%
Y/Y
18.68%
0.57%
3.86%
1.58%
2.54%
0.37%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • $3.97 B
  • $4.33 B
  • $4.09 B
  • $6.71 B
  • $5.78 B
  • $5.57 B
Y/Y
3.82%
9.04%
5.52%
41.91%
13.8%
3.63%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $479.55 K
  • $363.87 K
  • $199.83 K
  • $169.30 K
  • $181.79 K
  • $180.82 K
Y/Y
2.05%
24.12%
45.08%
9.62%
7.38%
0.53%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • $21.13 K
  • $17.97 K
  • $9.30 K
  • $12.51 K
  • $11.56 K
  • $11.37 K
Y/Y
5.47%
14.94%
48.25%
42.13%
7.6%
1.67%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $87.11 B
  • $87.01 B
  • $87.63 B
  • $70.86 B
  • $70.07 B
  • $73.09 B
Y/Y
1.3%
0.12%
0.71%
0.38%
1.11%
4.31%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $61.06 B
  • $59.43 B
  • $59.55 B
  • $53.54 B
  • $53.33 B
  • $56.84 B
Y/Y
0%
2.67%
0.22%
4.33%
0.4%
6.58%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$6.17 B
  • -$5.18 B
  • -$4.06 B
  • -$5.16 B
  • -$3.91 B
  • -$3.69 B
Y/Y
8.71%
16.16%
21.66%
8.16%
24.21%
5.73%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 5.92%
  • 7.25%
  • 6.92%
  • 10.33%
  • 9.56%
  • 8.87%
Y/Y
15.12%
22.39%
4.55%
20.34%
7.47%
7.14%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 4.41%
  • 4.94%
  • 4.65%
  • 7.39%
  • 6.36%
  • 6.28%
Y/Y
7.68%
12.1%
5.77%
35.97%
13.95%
1.2%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $10.23 B
  • $10.87 B
  • $10.49 B
  • $12.71 B
  • $11.91 B
  • $11.02 B
Y/Y
7.1%
6.21%
3.44%
32.04%
6.31%
7.51%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $2.64 B
  • $3.14 B
  • $2.98 B
  • $5.08 B
  • $6.21 B
  • $4.77 B
Y/Y
13.95%
18.74%
4.94%
45.58%
22.3%
23.31%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • 15.23%
  • 15.70%
  • 14.58%
  • 38.76%
  • 34.59%
  • 34.34%
Y/Y
0.76%
3.13%
7.17%
33.59%
10.77%
0.72%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 4.56%
  • 4.98%
  • 4.67%
  • 9.47%
  • 8.25%
  • 7.62%
Y/Y
2.49%
9.17%
6.19%
41.69%
12.84%
7.61%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 146.93%
  • 136.75%
  • 133.28%
  • 154.45%
  • 153.44%
  • 198.99%
Y/Y
1.48%
6.93%
2.54%
29.92%
0.65%
29.69%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $86.84 B
  • $94.20 B
  • $84.91 B
  • $158.62 B
  • $127.36 B
  • $103.22 B
Y/Y
2.82%
8.47%
9.86%
6.33%
19.71%
18.95%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 0.96
  • 1.07
  • 0.97
  • 1.75
  • 1.40
  • 1.16
Y/Y
0.8%
11.52%
10.1%
3.26%
19.84%
16.86%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 8.49
  • 8.67
  • 8.09
  • 12.48
  • 10.69
  • 9.48
Y/Y
9.26%
2.13%
6.65%
37.83%
14.3%
11.36%