FEDEX CORP
For the period ended Nov 30, 2025. Filed Dec 18, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 30, 2025 · Filed Dec 18, 2025
FDX$319.48+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
ITEM 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
| November 30, 2025 (unaudited) | May 31, 2025 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $6,570 | $5,502 |
| Receivables, less allowances of $900 and $773 | 12,159 | 11,368 |
| Spare parts, supplies, and fuel, less allowances of $317 and $308 | 631 | 602 |
| Prepaid expenses and other | 1,293 | 914 |
| Total current assets | 20,653 | 18,386 |
| PROPERTY AND EQUIPMENT, AT COST | 88,864 | 87,622 |
| Less accumulated depreciation and amortization | 47,542 | 45,980 |
| Net property and equipment | 41,322 | 41,642 |
| OTHER LONG-TERM ASSETS | ||
| Operating lease right-of-use assets, net | 16,184 | 16,453 |
| Goodwill | 6,626 | 6,603 |
| Other assets | 4,396 | 4,543 |
| Total other long-term assets | 27,206 | 27,599 |
| $89,181 | $87,627 | |
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CONDENSED CONSOLIDATED BALANCE SHEETS
(IN MILLIONS, EXCEPT SHARE DATA)
| November 30, 2025 (unaudited) | May 31, 2025 | |
|---|---|---|
| LIABILITIES AND COMMON STOCKHOLDERS’ INVESTMENT | ||
| CURRENT LIABILITIES | ||
| Current portion of long-term debt | $901 | $1,428 |
| Accrued salaries and employee benefits | 2,722 | 2,731 |
| Accounts payable | 4,664 | 3,692 |
| Operating lease liabilities | 2,621 | 2,565 |
| Accrued expenses | 5,306 | 4,995 |
| Total current liabilities | 16,214 | 15,411 |
| LONG-TERM DEBT, LESS CURRENT PORTION | 20,294 | 19,151 |
| OTHER LONG-TERM LIABILITIES | ||
| Deferred income taxes | 3,895 | 4,205 |
| Pension, postretirement healthcare, and other benefit obligations | 1,669 | 1,698 |
| Self-insurance accruals | 4,229 | 4,033 |
| Operating lease liabilities | 13,950 | 14,272 |
| Other liabilities | 790 | 783 |
| Total other long-term liabilities | 24,533 | 24,991 |
| COMMITMENTS AND CONTINGENCIES | ||
| COMMON STOCKHOLDERS’ INVESTMENT | ||
| Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of November 30, 2025 and May 31, 2025 | 32 | 32 |
| Additional paid-in capital | 4,366 | 4,290 |
| Retained earnings | 42,154 | 41,402 |
| Accumulated other comprehensive loss | (1,414) | (1,362) |
| Treasury stock, at cost; 83 million shares as of November 30, 2025 and 80 million shares as of May 31, 2025 | (16,998) | (16,288) |
| Total common stockholders’ investment | 28,140 | 28,074 |
| $89,181 | $87,627 | |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.