FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

FDX
2026-05-31 · figures in $M

NET DEBT DOWN

Net debt fell 18% to $12.4B — the lowest of its last 8 readings, and stands at 1.26× annualized EBITDA.

CASH +141.9%
13,311
TOTAL DEBT +25.0%
25,714
NET DEBT -17.7%
12,403
NET DEBT / ANN. EBITDA -20.7%
1.26× TARGET <2.0×
Balance sheet FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 YoY
Cash & equivalents
10-K
2,319 4,881 7,087 6,897 6,856 6,501 5,502 13,311 +141.9%
Accounts receivable
10-K
9,116 10,102 12,069 11,863 10,188 10,087 11,368 12,672 +11.5%
Other current assets
10-K
1,098 828 837 968 962 1,005 914 1,251 +36.9%
Total current assets
10-K
13,086 16,383 20,580 20,365 18,610 18,207 18,386 27,903 +51.8%
Current ratio
10-K
1.45× 1.58× 1.51× 1.43× 1.37× 1.36× 1.19× 1.48× +23.7%
Goodwill
10-K
6,884 6,372 6,992 6,544 6,435 6,423 6,603 6,733 +2.0%
Property, plant & equipment
10-K
30,429 33,608 35,752 38,091 40,698 41,491 41,642 42,044 +1.0%
Total assets
10-K
54,403 73,537 82,777 85,994 87,143 87,007 87,627 98,937 +12.9%
Return on assets (annualized)
10-K
1.0% 1.7% 6.3% 4.4% 4.6% 5.0% 4.7% 4.5% -4.1%
Accounts payable
10-K
3,030 3,269 3,841 4,030 3,848 3,189 3,692 4,327 +17.2%
Accrued liabilities
10-K
3,278 3,532 4,562 5,188 4,747 4,962 4,995 5,725 +14.6%
Short-term debt
10-K
964 51 146 82 126 68 1,428 1,676 +17.4%
Total current liabilities
10-K
9,013 10,344 13,660 14,274 13,586 13,355 15,411 18,912 +22.7%
Long-term debt
10-K
16,617 21,952 20,733 20,182 20,453 20,135 19,151 23,293 +21.6%
Total liabilities
36,646 55,242 58,609 61,055 61,055 59,425 59,553 67,290 +13.0%
Net debt
15,262 17,122 13,792 13,367 13,723 13,702 15,077 12,403 -17.7%
Stockholders' equity
10-K
17,757 18,295 24,168 24,939 26,088 27,582 28,074 31,647 +12.7%
Net debt / TTM EBITDA
10-K
1.95× 2.84× 1.43× 1.31× 1.51× 1.39× 1.59× 1.26× -20.7%

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · NET DEBT · QoQ BRIDGE
FROM15,077 TOTAL DEBT+5,135 CASH & EQUIVALENTS-7,809 TO12,403
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-K FILED 2026-07-20 ↗