Fedex (FDX) Operating Leases (2019 - 2026)
Fedex's (FDX) quarterly Operating Leases came in at $17.2 billion in Q2 2026, up 2.33% year-over-year from $16.8 billion in Q2 2025, and up 2.74% quarter-over-quarter from $16.8 billion in Q1 2026.
Analysis
Fedex (FDX) Operating Leases (2019 - 2026) Analysis & Trends
Fedex has disclosed Operating Leases across 8 years of filings, most recently posting $17.2 billion for Q2 2026.
- In Q2 2026, Operating Leases rose 2.33% year-over-year to $17.2 billion; the TTM figure through May 2026 stood at $17.2 billion (up 2.33% YoY), while the FY2026 annual figure was $17.2 billion, up 2.33% from the prior year.
- Operating Leases came in at $17.2 billion for Q2 2026 at Fedex, up from $16.8 billion in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $17.5 billion in Q2 2024 to a low of $14.4 billion in Q1 2025.
- Average Operating Leases over 5 years is $15.6 billion, with a median of $15.3 billion recorded in 2022.
- Year-over-year, Operating Leases decreased 3.88% in 2025 and increased 16.73% in 2026.
- Over 5 years, 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 increased by 3.97% to $17.2 billion in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $17.2 billion in Q2 2026, $16.8 billion in Q1 2026, and $16.6 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Parcel Service | 84.59 Bn | 79.94 Bn | 19.65 Bn |
| 2 | Fedex | 73.62 Bn | 60.31 Bn | 18.84 Bn |
| 3 | ZTO Express (Cayman) | 16.53 Bn | 11.93 Bn | 550.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 17.23 Bn |
| Feb 28, 2026 | 16.77 Bn |
| Nov 30, 2025 | 16.57 Bn |
| Aug 31, 2025 | 16.73 Bn |
| May 31, 2025 | 16.84 Bn |
| Feb 28, 2025 | 14.37 Bn |
| Nov 30, 2024 | 14.71 Bn |
| Aug 31, 2024 | 14.97 Bn |
| May 31, 2024 | 17.52 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 |