Recent briefings published between 2026-09-11 and 2026-09-27 confirmed that the last material disclosure event for FedEx Corp. (FDX) was captured in a prior instrument report dated 2026-08-15, which covered a new SEC filing and institutional position changes at that time. Subsequent briefings indicated no additional disclosure events beyond that prior period were available within the provided context [Brief - 2026-09-27] [Brief - 2026-09-19] [Brief - 2026-09-11].
As of the fiscal quarter ending 2026-02-28, FedEx reported trailing twelve-month revenue of $94.72 billion, reflecting year-over-year revenue growth of 8.3%. 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 17.3% year-over-year. The company held $13.31 billion in cash against total debt of $24.20 billion. The reported price-to-earnings ratio was 18.04 [SEC 10-Q - FDX - 2026-02-28].
Insider activity in October 2026 recorded two transactions with a mixed net direction and a net value of zero, indicating no meaningful net change in insider positioning during the period [SEC Form 4 - FDX - 2026-10]. At the institutional level, four notable firms opened new positions in FDX: AQR Capital Management, Citadel Advisors, Millennium Management, and Bridgewater Associates each initiated positions, representing the primary trigger for this report [SEC 13F - AQR - Q3 2026] [SEC 13F - Citadel - Q3 2026] [SEC 13F - Millennium - Q3 2026] [SEC 13F - Bridgewater - Q3 2026].
The current macro environment shows the 10-year US Treasury yield at 5.24% and the 2-year yield at 4.78%, producing a normal yield curve spread of 46 basis points [FRED DGS10] [FRED DGS2]. As a capital-intensive logistics operator carrying $24.20 billion in total debt, FedEx's financing costs remain sensitive to the prevailing interest rate environment reflected in these figures.