FedEx Corporation FY 2026 10-K, explained in plain English
Key financials — as reported
| Total revenue | $94.7B |
| Gross margin | — not reported |
| Operating income | $5.5B |
| Net income | $4.4B |
| Diluted EPS | $18.55 |
| Cash & equivalents | $13.3B |
| Total assets | $98.9B |
| Long-term debt | $23.5B |
Key takeaway
FedEx completed the Spin-Off of its FedEx Freight business on June 1, 2026, retaining a stake it plans to divest within 24 months.
🔒 4 more takeaways in the full analysis
Beneath the surface
Net debt is modest relative to headline debt: with $13.31 billion cash against $23.69 billion in carrying-value debt (DebtInstrumentCarryingAmount) plus $1.51 billion finance leases, net debt is roughly $11.9-$12 billion, less alarming than the gross $23.46 billion long-term debt figure suggests.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for FDX.
Read the full analysis free Free account · 5 full analyses included · no card required