Fedex (FDX) Rent Expense (2009 - 2026)
Fedex (FDX) recorded Rent Expense of $1.25 billion in fiscal Q4 2026 (quarter ended May 31, 2026), up 9.2% from $1.14 billion a year earlier and up 0.8% from the prior quarter.
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Analysis
Fedex (FDX) Rent Expense (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Fedex reported Rent Expense of $4.88 billion, up 5.1% from FY2025.
- Annual Rent Expense has a five-year compound annual growth rate of 3.3% (FY2021 to FY2026).
- Across earlier fiscal years, Rent Expense came in at $4.65 billion in FY2025 (+1.7%), $4.57 billion in FY2024 (-3.5%), $4.74 billion in FY2023 (+0.6%) and $4.71 billion in FY2022 (+13.4%).
- The fiscal Q4 2026 figure is the highest quarterly Rent Expense in data going back to fiscal Q1 2010.
- On a year-over-year basis, Rent Expense has increased for eight consecutive quarters, with growth averaging 3.4% over the last eight quarters.
- Peak year-over-year performance for Rent Expense in the last five years was growth of 21.0% in fiscal Q1 2022, against a decline of 5.0% in fiscal Q3 2024 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $1.24 billion (Q3 2026), $1.21 billion (Q2 2026) and $1.19 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 214.00 Mn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 97.00 Mn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | - |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | - |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | - |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 1.25 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | - |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | - |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | - |
| 10 | Copart | 25.20 Bn | 8.75 Bn | 732.88 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 1.25 Bn |
| Feb 28, 2026 | 1.24 Bn |
| Nov 30, 2025 | 1.21 Bn |
| Aug 31, 2025 | 1.19 Bn |
| May 31, 2025 | 1.14 Bn |
| Feb 28, 2025 | 1.18 Bn |
| Nov 30, 2024 | 1.17 Bn |
| Aug 31, 2024 | 1.16 Bn |
| May 31, 2024 | 1.14 Bn |
| Feb 29, 2024 | 1.15 Bn |
| Nov 30, 2023 | 1.14 Bn |
| Aug 31, 2023 | 1.15 Bn |
| May 31, 2023 | 1.18 Bn |
| Feb 28, 2023 | 1.21 Bn |
| Nov 30, 2022 | 1.20 Bn |
| Aug 31, 2022 | 1.16 Bn |
| May 31, 2022 | 1.18 Bn |
| Feb 28, 2022 | 1.23 Bn |
| Nov 30, 2021 | 1.18 Bn |
| Aug 31, 2021 | 1.13 Bn |
API Access
Fedex Rent Expense 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=rent-expense&ticker=FDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rent-expense", "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=rent-expense&ticker=FDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();