Fedex annual debt-to-equity ratio
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2026
Fedex Debt-to-Equity Ratio Growth & History (FDX)
Fedex's debt-to-equity ratio was 1.33 for fiscal 2026.
View full Fedex company overviewFedex annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-05-31 | 1.33 | 0.00 | +0.05% |
| 2025 | 2025-05-31 | 1.33 | −0.03 | −2.54% |
| 2024 | 2024-05-31 | 1.37 | −0.10 | −6.62% |
| 2023 | 2023-05-31 | 1.46 | −0.02 | −1.59% |
| 2022 | 2022-05-31 | 1.49 | −0.01 | −0.97% |
| 2021 | 2021-05-31 | 1.50 | −0.47 | −23.78% |
| 2020 | 2020-05-31 | 1.97 | 0.98 | +99.13% |
| 2019 | 2019-05-31 | 0.99 | 0.14 | +15.91% |
| 2018 | 2018-05-31 | 0.85 | −0.07 | −8.05% |
| 2017 | 2017-05-31 | 0.93 | −0.07 | −6.96% |
| 2016 | 2016-05-31 | 1.00 | 0.51 | +105.96% |
| 2015 | 2015-05-31 | 0.48 | 0.17 | +56.37% |
| 2014 | 2014-05-31 | 0.31 | 0.15 | +96.92% |
| 2013 | 2013-05-31 | 0.16 | 0.02 | +18.53% |
| 2012 | 2012-05-31 | 0.13 | 0.03 | +29.83% |
| 2011 | 2011-05-31 | 0.10 | −0.02 | −15.30% |
| 2010 | 2010-05-31 | 0.12 | −0.07 | −36.29% |
| 2009 | 2009-05-31 | 0.19 | — | — |
Fedex quarterly debt-to-equity ratio
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Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | 1.33 | 0.00 | +0.05% |
| Q3 2026 | 2026-02-28 | 1.33 | −0.03 | −2.56% |
| Q2 2026 | 2025-11-30 | 1.31 | −0.08 | −5.50% |
| Q1 2026 | 2025-08-31 | 1.33 | −0.03 | −2.46% |
| Q4 2025 | 2025-05-31 | 1.33 | −0.03 | −2.54% |
| Q3 2025 | 2025-02-28 | 1.36 | −0.06 | −3.96% |
| Q2 2025 | 2024-11-30 | 1.39 | −0.03 | −1.96% |
| Q1 2025 | 2024-08-31 | 1.37 | −0.06 | −4.22% |
| Q4 2024 | 2024-05-31 | 1.37 | −0.10 | −6.62% |
| Q3 2024 | 2024-02-29 | 1.42 | −0.11 | −7.45% |
| Q2 2024 | 2023-11-30 | 1.41 | −0.16 | −9.94% |
| Q1 2024 | 2023-08-31 | 1.43 | −0.06 | −4.35% |
| Q4 2023 | 2023-05-31 | 1.46 | −0.02 | −1.59% |
| Q3 2023 | 2023-02-28 | 1.53 | 0.02 | +1.04% |
| Q2 2023 | 2022-11-30 | 1.57 | 0.10 | +6.67% |
| Q1 2023 | 2022-08-31 | 1.49 | 0.00 | +0.24% |
| Q4 2022 | 2022-05-31 | 1.49 | −0.01 | −0.97% |
| Q3 2022 | 2022-02-28 | 1.52 | −0.21 | −11.99% |
| Q2 2022 | 2021-11-30 | 1.47 | −0.35 | −19.25% |
| Q1 2022 | 2021-08-31 | 1.49 | −0.46 | −23.65% |
| Q4 2021 | 2021-05-31 | 1.50 | −0.47 | −23.78% |
| Q3 2021 | 2021-02-28 | 1.73 | −0.05 | −2.76% |
| Q2 2021 | 2020-11-30 | 1.82 | 0.04 | +2.45% |
| Q1 2021 | 2020-08-31 | 1.95 | 0.15 | +8.11% |
| Q4 2020 | 2020-05-31 | 1.97 | 0.98 | +99.13% |
| Q3 2020 | 2020-02-29 | 1.77 | 0.90 | +102.33% |
| Q2 2020 | 2019-11-30 | 1.78 | 0.92 | +106.20% |
| Q1 2020 | 2019-08-31 | 1.80 | 0.99 | +122.49% |
| Q4 2019 | 2019-05-31 | 0.99 | 0.14 | +15.91% |
| Q3 2019 | 2019-02-28 | 0.88 | −0.01 | −1.49% |
| Q2 2019 | 2018-11-30 | 0.86 | −0.04 | −4.62% |
| Q1 2019 | 2018-08-31 | 0.81 | −0.10 | −11.02% |
| Q4 2018 | 2018-05-31 | 0.85 | −0.07 | −8.05% |
| Q3 2018 | 2018-02-28 | 0.89 | −0.08 | −8.15% |
| Q2 2018 | 2017-11-30 | 0.90 | −0.03 | −3.00% |
| Q1 2018 | 2017-08-31 | 0.91 | −0.06 | −6.21% |
| Q4 2017 | 2017-05-31 | 0.93 | −0.07 | −6.96% |
| Q3 2017 | 2017-02-28 | 0.97 | 0.38 | +63.77% |
| Q2 2017 | 2016-11-30 | 0.93 | 0.37 | +64.85% |
| Q1 2017 | 2016-08-31 | 0.97 | 0.50 | +104.90% |
| Q4 2016 | 2016-05-31 | 1.00 | 0.51 | +105.96% |
| Q3 2016 | 2016-02-29 | 0.59 | 0.14 | +31.07% |
| Q2 2016 | 2015-11-30 | 0.57 | 0.26 | +85.96% |
| Q1 2016 | 2015-08-31 | 0.47 | 0.16 | +51.37% |
| Q4 2015 | 2015-05-31 | 0.48 | 0.17 | +56.37% |
| Q3 2015 | 2015-02-28 | 0.45 | 0.14 | +45.17% |
| Q2 2015 | 2014-11-30 | 0.30 | 0.15 | +94.76% |
| Q1 2015 | 2014-08-31 | 0.31 | 0.16 | +101.84% |
| Q4 2014 | 2014-05-31 | 0.31 | 0.15 | +96.92% |
| Q3 2014 | 2014-02-28 | 0.31 | 0.19 | +151.64% |
| Q2 2014 | 2013-11-30 | 0.16 | 0.01 | +8.35% |
| Q1 2014 | 2013-08-31 | 0.16 | 0.01 | +3.96% |
| Q4 2013 | 2013-05-31 | 0.16 | 0.02 | +18.53% |
| Q3 2013 | 2013-02-28 | 0.12 | 0.05 | +63.67% |
| Q2 2013 | 2012-11-30 | 0.14 | 0.07 | +83.45% |
| Q1 2013 | 2012-08-31 | 0.15 | 0.06 | +71.54% |
| Q4 2012 | 2012-05-31 | 0.13 | 0.03 | +29.83% |
| Q3 2012 | 2012-02-29 | 0.08 | −0.04 | −32.60% |
| Q2 2012 | 2011-11-30 | 0.08 | −0.04 | −31.35% |
| Q1 2012 | 2011-08-31 | 0.09 | −0.03 | −25.92% |
| Q4 2011 | 2011-05-31 | 0.10 | −0.02 | −15.30% |
| Q3 2011 | 2011-02-28 | 0.11 | −0.02 | −17.43% |
| Q2 2011 | 2010-11-30 | 0.11 | −0.02 | −17.16% |
| Q1 2011 | 2010-08-31 | 0.12 | −0.03 | −22.02% |
| Q4 2010 | 2010-05-31 | 0.12 | −0.07 | −36.29% |
| Q3 2010 | 2010-02-28 | 0.14 | — | — |
| Q2 2010 | 2009-11-30 | 0.14 | — | — |
| Q1 2010 | 2009-08-31 | 0.15 | — | — |
| Q4 2009 | 2009-05-31 | 0.19 | — | — |
Fedex debt-to-equity ratio trends
Over the last five fiscal years, Fedex's debt-to-equity ratio decreased from 1.50 to 1.33, a change of −0.17. The latest reported quarter, Q4 2026, shows 1.33.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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