A new SEC filing and material institutional position changes prompted this report on FedEx Corp. (FDX), generated on 2026-08-15. No additional briefing disclosures beyond the prior period report were available within the provided context, and all factual observations are drawn exclusively from verified filings and data sources [Brief - 2026-07-21].
For the trailing twelve months ending 2026-02-28, FedEx reported revenue of $94.72 billion, representing year-over-year growth of 8.3%. Net income over the same period was $4.43 billion, with a net margin of 4.68% and an operating margin of 5.77%. Earnings per share grew 17.29% year-over-year. The company held $13.31 billion in cash against total debt of $24.20 billion. The price-to-earnings ratio stood at 18.04 at the reporting date [SEC 10-Q - FDX - 2026-02-28].
Insider activity in August 2026 consisted of one transaction with a net value of zero and a mixed directional classification, indicating no material net disposition or acquisition by insiders during the period [SEC Form 4 - FDX - 2026-08]. On the institutional side, four notable new positions were reported: AQR Capital Management, Citadel, Millennium Management, and Bridgewater Associates each opened new positions in FDX during the most recent 13F reporting period [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Citadel - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - Bridgewater - Q2 2026].
The prevailing macro environment reflects a normal yield curve, with the 10-year U.S. Treasury yield at 4.63% and the 2-year yield at 4.15% [FRED DGS10] [FRED DGS2]. This configuration, with longer-dated rates above shorter-dated rates, represents the standard term structure and contrasts with the inverted conditions observed in prior periods. FedEx's debt load of $24.20 billion remains relevant in the context of prevailing borrowing costs across this rate environment.