FedEx Quarterly Balance Sheet
NYSE: FDXConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
FedEx financial position
As of May 31, 2026, FedEx reported total assets of $98.94 billion, up 12.9% from a year earlier against total liabilities of $67.29 billion. Shareholders' equity stood at $31.65 billion, or 32.0% of assets. The company held $13.31 billion in cash and equivalents against $25.71 billion of debt, a net debt position of $12.40 billion.
The current ratio (current assets divided by current liabilities) was 1.48, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.81.
Summary generated from market data by MetaCap's automated system. Methodology
FedEx balance sheet (quarterly)
| Quarter (USD) | Q4 20262026-05-31 | Q3 20262026-02-28 | Q2 20262025-11-30 | Q1 20262025-08-31 | Q4 20252025-05-31 | Q3 20252025-02-28 | Q2 20252024-11-30 | Q1 20252024-08-31 | Q4 20242024-05-31 | Q3 20242024-02-29 | Q2 20242023-11-30 | Q1 20242023-08-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.31B | 8.01B | 6.57B | 6.17B | 5.50B | 5.13B | 5.03B | 5.94B | 6.50B | 5.64B | 6.73B | 7.05B |
| Receivables | 12.67B | 11.81B | 12.16B | 11.52B | 11.37B | 10.23B | 10.74B | 10.31B | 10.09B | 9.90B | 10.66B | 10.21B |
| Total Current Assets | 27.90B | 25.48B | 20.65B | 19.34B | 18.39B | 17.21B | 17.72B | 18.09B | 18.21B | 17.42B | 19.12B | 18.89B |
| Property, Plant & Equipment | 42.04B | 41.54B | 41.32B | 41.38B | 41.64B | 40.96B | 41.01B | 41.26B | 41.49B | 41.53B | 41.53B | 41.17B |
| Goodwill | 6.73B | 6.76B | 6.63B | 6.67B | 6.60B | 6.33B | 6.29B | 6.51B | 6.42B | 6.42B | 6.47B | 6.42B |
| Intangible Assets | 153.00M | — | — | — | 205.00M | — | — | — | 181.00M | — | — | — |
| Total Assets | 98.94B | 94.73B | 89.18B | 88.42B | 87.63B | 85.04B | 85.48B | 86.71B | 87.01B | 86.11B | 88.05B | 87.58B |
| Accounts Payable | 4.33B | 4.15B | 4.66B | 4.22B | 3.69B | 3.60B | 3.90B | 3.74B | 3.19B | 3.78B | 4.00B | 3.79B |
| Short-Term Debt | 2.42B | 2.42B | 901.00M | 883.00M | 1.43B | 611.00M | 592.00M | 622.00M | 68.00M | 67.00M | 334.00M | 351.00M |
| Total Current Liabilities | 18.91B | 17.29B | 16.21B | 15.52B | 15.41B | 13.90B | 14.39B | 14.11B | 13.36B | 13.31B | 14.25B | 13.81B |
| Long-Term Debt | 23.29B | 22.83B | 20.29B | 20.29B | 19.15B | 19.53B | 19.43B | 19.66B | 20.14B | 20.12B | 20.19B | 20.14B |
| Total Liabilities | 67.29B | 64.93B | 61.04B | 60.65B | 59.55B | 58.34B | 59.02B | 59.53B | 59.42B | 59.74B | 61.28B | 61.04B |
| Shareholders' Equity | 31.65B | 29.80B | 28.14B | 27.77B | 28.07B | 26.71B | 26.46B | 27.18B | 27.58B | 26.38B | 26.77B | 26.53B |
| Retained Earnings | 44.46B | 42.86B | 42.15B | 41.54B | 41.40B | 39.75B | 39.17B | 38.77B | 38.65B | 37.17B | 36.60B | 36.02B |
| Total Debt | 25.71B | 25.25B | 21.20B | 21.17B | 20.58B | 20.14B | 20.02B | 20.29B | 20.20B | 20.19B | 20.53B | 20.50B |
| Net Cash (Debt) | -12.40B | -17.25B | -14.63B | -15.01B | -15.08B | -15.01B | -15.00B | -14.34B | -13.70B | -14.54B | -13.80B | -13.44B |
This table shows 12 quarterly periods of FedEx's balance sheet, from Q4 2026 back to Q1 2024, across 16 line items including cash & equivalents, receivables, total current assets. Values in USD; B = billions, M = millions. Fiscal periods follow FDX's reporting calendar. What is a balance sheet?