Fedex (FDX) Non-Current Deferred Tax Liability (2009 - 2026)
Fedex (FDX) recorded Non-Current Deferred Tax Liability of $3.66 billion in fiscal Q4 2026 (quarter ended May 31, 2026), down 12.9% from $4.21 billion a year earlier and down 4.6% from the prior quarter.
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Analysis
Fedex (FDX) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
Starting with fiscal Q4 2009, Fedex's Non-Current Deferred Tax Liability history includes 55 quarters.
- Annual Non-Current Deferred Tax Liability has declined for three straight fiscal years, with a five-year compound annual growth rate of -1.4% (FY2021 to FY2026).
- Across earlier fiscal years, Non-Current Deferred Tax Liability came in at $4.21 billion in FY2025 (-6.2%), $4.48 billion in FY2024 (-0.2%), $4.49 billion in FY2023 (+9.7%) and $4.09 billion in FY2022 (+4.2%).
- The fiscal Q4 2026 figure is the lowest quarterly Non-Current Deferred Tax Liability since fiscal Q3 2021.
- On a year-over-year basis, Non-Current Deferred Tax Liability has declined for six consecutive quarters, with an average decline of 6.4% over the last eight quarters.
- Peak year-over-year performance for Non-Current Deferred Tax Liability in the last five years was growth of 25.2% in fiscal Q1 2022, against a decline of 12.9% in fiscal Q4 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $3.84 billion (Q3 2026), $3.9 billion (Q2 2026) and $4.05 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn |
| 10 | Copart | 25.27 Bn | 9.69 Bn | 645.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 3.66 Bn |
| Feb 28, 2026 | 3.84 Bn |
| Nov 30, 2025 | 3.90 Bn |
| Aug 31, 2025 | 4.05 Bn |
| May 31, 2025 | 4.21 Bn |
| Feb 28, 2025 | 4.31 Bn |
| Nov 30, 2024 | 4.44 Bn |
| Aug 31, 2024 | 4.49 Bn |
| May 31, 2024 | 4.48 Bn |
| Feb 29, 2024 | 4.38 Bn |
| Nov 30, 2023 | 4.39 Bn |
| Aug 31, 2023 | 4.45 Bn |
| May 31, 2023 | 4.49 Bn |
| Feb 28, 2023 | 4.31 Bn |
| Nov 30, 2022 | 4.19 Bn |
| Aug 31, 2022 | 4.13 Bn |
| May 31, 2022 | 4.09 Bn |
| Feb 28, 2022 | 4.33 Bn |
| Nov 30, 2021 | 4.16 Bn |
| Aug 31, 2021 | 3.97 Bn |
API Access
Fedex Non-Current Deferred Tax Liability API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-deferred-tax-liability&ticker=FDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "ticker": "FDX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-deferred-tax-liability&ticker=FDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();