Fedex (FDX) Operating Leases (2019 - 2026)

Fedex has disclosed Operating Leases across 8 years of filings, most recently posting $14.1 billion for Q1 2026.

• Operating Leases for Q1 2026 came in at $14.1 billion, down 1.54% year-over-year; the trailing twelve-month figure through Feb 2026 was $14.1 billion (down 1.54% YoY), and the FY2025 annual result was $14.3 billion, down 5.19% from the prior year.
• Operating Leases came in at $14.1 billion for Q1 2026 at Fedex, down from $16.6 billion in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $16.6 billion in Q4 2025 to a low of $14.1 billion in Q3 2025.
• The 5-year median for Operating Leases is $15.0 billion (2024), against an average of $14.9 billion.
• Across the five-year window, Operating Leases climbed 12.97% in 2022 and slipped 5.53% in 2025, its largest moves.
• Fedex's Operating Leases stood at $15.3 billion in 2022, then declined by 0.44% to $15.2 billion in 2023, then decreased by 3.34% to $14.7 billion in 2024, then increased by 12.63% to $16.6 billion in 2025, then slipped by 14.64% to $14.1 billion in 2026.
• The last three Operating Leases figures came in at $14.1 billion (Q1 2026), $16.6 billion (Q4 2025), and $14.1 billion (Q3 2025), per Business Quant data.