FedEx provides a broad portfolio of transportation, e-commerce and business services through several operating units. These units include FedEx Express, TNT Express, FedEx Ground, FedEx Freight, and FedEx Services. The FedEx Express segment also includes FedEx Trade Networks, Inc., which provides international trade services, specializing in customs brokerage and global ocean and air freight forwarding, and FedEx CrossBorder, which provides e-commerce technologies that enable international transactions for e-tailers and consumers worldwide. TNT Express is an international express transportation, small-package ground delivery, and freight transportation company. FedEx Ground is a provider of small-package ground delivery services. The FedEx Ground segment also includes FedEx Supply Chain, which provides integrated supply chain management solutions. FedEx Freight is a provider of less-than-truckload freight services across all lengths of haul, offering: FedEx Freight Priority, when speed is critical to meet a customer’s supply chain needs; and FedEx Freight Economy, when a customer can trade time for cost savings.
FedEx Services provides sales, marketing, information technology, communications, customer service, technical support, billing, and collections services for U.S. customers of the major business units and certain back-office functions that support FedEx other companies. The FedEx Services segment includes FedEx Office and Print Services, Inc., which provides document and business services and retail access to package transportation businesses.
Key People/Management at FedEx Corporation
Frederick Smith
Alan Graf
Christine Richards
Robert Carter
Michael Glenn
FedEx Corporation Office Locations
FedEx Corporation Financials and Metrics
FedEx Corporation Financials
| USD | |
|---|---|
Revenue (Q3, 2018) | 48.1 b |
Net income (Q3, 2018) | 3.4 b |
EBIT (Q3, 2018) | 3.4 b |
Market capitalization (22-Jun-2018) | 64.6 b |
Closing share price (22-Jun-2018) | 241.8 |
Cash (28-Feb-2018) | 2.8 b |
EV | 62.6 b |
- Source: SEC Filings
| USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|
Revenue | 39.3 b | 42.7 b | 44.3 b | 45.6 b | 47.5 b | 50.4 b |
Revenue growth, % | 9% | 4% | 3% | 4% | 6% | |
Cost of goods sold | 17.3 m | |||||
Gross profit | 50.3 b |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 11.4 b | 11.3 b | 11.7 b | 11.9 b | 11.7 b | 12.3 b | 12.5 b | 12.7 b | 14.7 b | 14.9 b | 15 b | 15.3 b | 16.3 b | 48.1 b |
Sales and marketing expense | 4.1 b | 4.2 b | 4.2 b | 4.3 b | 4.4 b | 4.5 b | 4.6 b | 4.7 b | 5.3 b | 5.4 b | 5.4 b | 5.5 b | ||
Operating expense total | 4.1 b | 4.2 b | 4.2 b | 4.3 b | 4.4 b | 4.5 b | 4.6 b | 4.7 b | 5.3 b | 5.4 b | 5.4 b | 5.5 b | ||
Depreciation and amortization | 756 m | 2.3 b |
- Source: SEC Filings
| usd | Y, 2010 | Y, 2011 | Y, 2012 | Y, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|---|---|---|---|
Cash | 2 b | 2.3 b | 2.8 b | 4.9 b | 2.9 b | 3.8 b | 3.5 b | |
Accounts Receivable | ||||||||
Inventories | ||||||||
Current Assets | 9.7 b | 10.9 b | 12 b |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 3.9 b | 3 b | 2.4 b | 2.3 b | 3.5 b | 3.5 b | 3.6 b | 2.8 b | 3 b | 3.1 b | 3.2 b | 3.5 b | 2.8 b | 2.8 b |
Current Assets | 10.9 b | 9.8 b | 9.3 b | 9.2 b | 10.5 b | 10.7 b | 11.2 b | 10.2 b | 11.4 b | 12.1 b | 11.9 b | 12.7 b | 12.9 b | 13.6 b |
Goodwill | 2.7 b | 2.7 b | 2.8 b | 2.7 b | 3.8 b | 3.8 b | 3.8 b | 3.8 b | 6.8 b | 6.9 b | 7 b | 7.4 b | 7.3 b | 7.5 b |
Accounts Payable | 1.9 b | 1.9 b | 2 b | 2 b | 2.1 b | 2 b | 2.1 b | 2 b | 2.9 b | 3 b | 2.7 b | 2.9 b | 3.1 b | 3.1 b |
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Net Income | 2.1 b | 1.1 b | 1.8 b | 3 b |
Depreciation and Amortization | 1.5 b | 1.4 b | 3 b | |
Inventories | ||||
Accounts Payable | (235 m) | 659 m | 467 m | 103 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 500 m | 378 m | 606 m | 616 m | 580 m | 692 m | 1.4 b | 1.9 b | 715 m | 1.4 b | 2 b | 596 m | 3.4 b |
Depreciation and Amortization | 647 m | 652 m | 651 m | 651 m | 652 m | 648 m | 1.3 b | 2 b | 739 m | 1.5 b | 2.2 b | 751 m | 2.3 b |
Accounts Payable | 2 b | 2 b | 2.1 b | (151 m) | 66 m | (146 m) | (753 m) | 67 m | (1.6 b) | (540 m) | (2.8 b) | ||
Cash From Operating Activities | 1.2 b | 2.5 b | 3.8 b | 971 m | 2.6 b | 2.6 b | 590 m | 1.2 b |
| USD | Y, 2018 |
|---|---|
EV/EBIT | 18.5 x |
EV/CFO | 53.9 x |
EV/FCF | -22.1 x |
FedEx Corporation Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| FCJI | ||
| Federal Express (Australia) Pty Ltd | ||
| Federal Express Canada Corporation | ||
| Federal Express Canada Holding L.P. | ||
| Federal Express (China) Company Limited | ||
| Federal Express Corporation | ||
| Federal Express Europe | ||
| Federal Express Holding (Netherlands) C.V. | ||
| Federal Express (Hong Kong) Holding G.P. | ||
| Federal Express (Hong Kong) Limited |
FedEx Corporation Revenue Breakdown
FedEx Corporation revenue breakdown by business segment: 52.1% from FedEx Express, 32.6% from FedEx Ground, 12.2% from FedEx Freight and 3.1% from Other
