FedEx (FDX) FY2025 10-K Annual Report

Filed: Jul 21, 2025
Industrials
Air Courier ServicesSEC EDGAR

FedEx (FDX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jul 21, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

FedEx FY2025 10-K Analysis

Business Overview

  • Core business: Global transportation, e-commerce, and logistics services
  • No new products, services, or segments explicitly introduced or emphasized this year
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Management Discussion & Analysis

  • Foreign currency fluctuations had slightly positive impact on operating income in 2025, slightly negative in 2024
  • A 10% stronger dollar could decrease 2026 operating income by approximately $450 million
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Risk Factors

  • Legal risk from class-action lawsuits and governmental enforcement actions requiring complex loss contingency evaluations, with no material liabilities currently estimated
  • Macroeconomic risk including fluctuations in foreign exchange rates impacting goodwill impairment assessments of $6.6 billion recorded goodwill
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FedEx FY2025 Key Financial Metrics
XBRL

Revenue

$87.9B

+0.3% YoY

Net Income

$4.1B

-5.5% YoY

Operating Margin

5.9%

-41bp YoY

Net Margin

4.7%

-28bp YoY

ROE

14.6%

-113bp YoY

Total Assets

$87.6B

+0.7% YoY

EPS (Diluted)

$16.81

-2.3% YoY

Operating Cash Flow

$7.0B

-15.4% YoY

Source: XBRL data from FedEx FY2025 10-K filing on SEC EDGAR. All figures in USD.

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