FDXFEDEX CORP
Air Courier Services
- Revenue
- $94.7B
- 7.7% YoY
- Operating margin
- 5.8%
- 2.8% YoY
- EBITDA
- $9.8B
- 3.7% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.0×
- $9.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear2013309× net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear24% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear12% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $93.5B | $90.2B | $87.7B | $87.9B | $94.7B | 7.7% |
| Operating income | $6.2B | $4.9B | $5.6B | $5.2B | $5.5B | 4.7% |
| Net income | $4K | $4K | $4K | $4K | $4K | 8.3% |
| Operating cash flow | $9.8B | $8.8B | $8.3B | $7.0B | $8.9B | 27% |
| Capex | $6.8B | $6.2B | $5.2B | $4.1B | $3.8B | 6.1% |
| Stock-based comp | $190M | $182M | $163M | $154M | $177M | 15% |
| Buybacks | $2.2B | $1.5B | $2.5B | $3.0B | $796M | 74% |
| Dividends | $793M | $1.2B | $1.3B | $1.3B | $1.4B | 2.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $8M · 2
- Net
- −$8M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $28M | $51M | 144 | 136 |
| FY2025 | $13M | $7M | 75 | 93 |
| FY2024 | $12M | $16M | 85 | 97 |
| FY2023 | $13M | $13M | 72 | 87 |
| FY2022 | $11M | −$20M | 72 | 91 |