Fedex (FDX) Operating Leases (2019 - 2026)
Fedex (FDX) recorded Operating Leases of $14.55 billion in fiscal Q4 2026 (quarter ended May 31, 2026), up 1.9% from $14.27 billion a year earlier and up 2.9% from the prior quarter.
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Analysis
Fedex (FDX) Operating Leases (2019 - 2026) Analysis & Trends
Starting with fiscal Q1 2020, Fedex's Operating Leases history includes 26 quarters.
- Annual Operating Leases has a five-year compound annual growth rate of 1.7% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Leases came in at $14.27 billion in FY2025 (-5.2%), $15.05 billion in FY2024 (-2.0%), $15.36 billion in FY2023 (+6.0%) and $14.49 billion in FY2022 (+8.3%).
- The fiscal Q4 2026 figure is the highest quarterly Operating Leases since fiscal Q2 2025.
- On a year-over-year basis, Operating Leases rose in 1 of the last eight quarters, with an average decline of 3.1%.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 13.0% in fiscal Q1 2023, against a decline of 5.5% in fiscal Q1 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $14.15 billion (Q3 2026), $13.95 billion (Q2 2026) and $14.14 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn |
| 10 | Copart | 25.14 Bn | 9.56 Bn | 645.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 14.55 Bn |
| Feb 28, 2026 | 14.15 Bn |
| Nov 30, 2025 | 13.95 Bn |
| Aug 31, 2025 | 14.14 Bn |
| May 31, 2025 | 14.27 Bn |
| Feb 28, 2025 | 14.37 Bn |
| Nov 30, 2024 | 14.71 Bn |
| Aug 31, 2024 | 14.97 Bn |
| May 31, 2024 | 15.05 Bn |
| Feb 29, 2024 | 14.88 Bn |
| Nov 30, 2023 | 15.22 Bn |
| Aug 31, 2023 | 15.34 Bn |
| May 31, 2023 | 15.36 Bn |
| Feb 28, 2023 | 15.37 Bn |
| Nov 30, 2022 | 15.29 Bn |
| Aug 31, 2022 | 15.12 Bn |
| May 31, 2022 | 14.49 Bn |
| Feb 28, 2022 | 14.45 Bn |
| Nov 30, 2021 | 13.96 Bn |
| Aug 31, 2021 | 13.38 Bn |
API Access
Fedex Operating Leases 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=operating-leases&ticker=FDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=FDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();