Recent briefings dated 2026-09-11 and 2026-09-19 noted that the most recent material disclosure event for FedEx Corp. (FDX) was captured in a prior instrument report published on 2026-08-15, which covered a new SEC filing and institutional position changes at that time. No additional disclosure events beyond that prior period were confirmed available within the briefing context as of the current generation date of 2026-09-27 [Brief - 2026-09-19] [Brief - 2026-09-11].
FedEx Corp. reported trailing twelve-month revenue of $94.72 billion as of 2026-02-28, reflecting year-over-year revenue growth of 8.30%. Net income on a TTM basis stood at $4.43 billion, with a net margin of 4.68% and an operating margin of 5.77%. EPS 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 was recorded at 18.04 [SEC 10-Q - FDX - 2026-02-28].
Four insider transactions were recorded in September 2026, with a mixed net direction and a net transaction value of zero, indicating no dominant disposition or acquisition trend among insiders during the period [SEC Form 4 - FDX - 2026-09]. On the institutional side, four notable managers opened new positions in FDX during the most recent 13F reporting period: AQR Capital Management, Citadel, Millennium Management, and Bridgewater Associates each initiated fresh holdings, representing the primary trigger for this report [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Citadel - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - Bridgewater - Q2 2026].
The prevailing macroeconomic rate environment shows the 10-year U.S. Treasury yield at 5.18% and the 2-year yield at 4.87%, producing a normal yield curve configuration with a spread of 31 basis points [FRED DGS10] [FRED DGS2]. This rate environment is relevant context for interpreting FedEx's debt profile, given its $24.20 billion in total debt recorded as of the most recent quarterly filing.