FDXF on NYSE

FedEx Freight

American less-than-truckload freight company.¹

$110.19 up 1.50 (1.38%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 18, 2026.

Overview

$8.8BRevenue, fiscal 2026⁴

$655.0MNet income, fiscal 2026⁴

2001Founded¹

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TickerFDXF on NYSE¹
Industryless-than-truckload¹
HeadquartersMemphis¹
Websitefedexfreight.com
Incorporated inDE⁵
Business address8525 Tournament Drive, Memphis, Tn 38125⁵
Filer categoryNon-accelerated filer⁵

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FedEx Freight image from its website — Image: fedexfreight.com⁶

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

6.1%Operating margin⁴

7.4%Net margin⁴

-1.1%Revenue growth, 2026⁴

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Priority brought in 63% of the revenue FedEx Freight broke down this way in fiscal 2026.

Priority$5.6B⁴63%down 0% from 2025
Economy$2.8B⁴32%down 2% from 2025
Other$408.0M⁴5%down 2% from 2025

Products and services by year

Products and services	2024	2025	2026
Priority	$6.0B	$5.6B	$5.6B
Economy	$3.0B	$2.9B	$2.8B
Other	$433.0M	$417.0M	$408.0M

Regions

United States brought in 97% of the revenue FedEx Freight broke down this way in fiscal 2026.

United States$8.6B⁴97%down 1% from 2025
Outside the United States$243.0M⁴3%down 2% from 2025

Regions by year

Regions	2024	2025	2026
United States	$9.2B	$8.6B	$8.6B
Outside the United States	$266.0M	$247.0M	$243.0M

Where the money goes

Where each dollar of revenue went, fiscal 2026

Other costs

Other costs90¢$7.9B
Income tax3¢$229.0M
Profit7¢$655.0M

Out of $8.8B in revenue.⁴

Where each dollar of operating cash went, fiscal 2026

Dividends paidKept or used elsewhere

Dividends paid29¢$48.0M
Kept or used elsewhere71¢$119.0M

Out of $167.0M of cash from operations.⁴

Financial statements

Revenue⁴$8.8B in 2026−7% since 2024

Operating income⁴$540.0M in 2026−69% since 2024

Net income⁴$655.0M in 2026−58% since 2024

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁴

Period ending	2026-05-31	2025-05-31	2024-05-31
Revenue	$8.8B	$8.9B	$9.4B
Salaries and employee benefits	$4.3B	$4.2B	$4.2B
Purchased transportation	$807.0M	$807.0M	$873.0M
Rentals	$308.0M	$295.0M	$287.0M
Depreciation and amortization	$512.0M	$471.0M	$455.0M
Fuel	$486.0M	$457.0M	$571.0M
Maintenance and repairs	$343.0M	$362.0M	$358.0M
Separation and other costs	$492.0M	$0	$0
Other	$1.0B	$939.0M	$950.0M
Total operating expenses	$8.3B	$7.5B	$7.7B
Operating income	$540.0M	$1.4B	$1.8B
Interest expense	-$57.0M	$0	$0
Other, net	$9.0M	$10.0M	-$4.0M
Total other income	$344.0M	$398.0M	$326.0M
Total income before income taxes	$884.0M	$1.8B	$2.1B
Provision for income taxes	$229.0M	$456.0M	$505.0M
Net income	$655.0M	$1.3B	$1.6B
Basic (in dollar per share)	$4.38	$9.00	$10.53
Diluted (in dollar per share)	$4.38	$9.00	$10.53
Basic (in shares)	149.5M shares	149.5M shares	149.5M shares
Diluted (in shares)	149.5M shares	149.5M shares	149.5M shares

Total assets⁴$6.9B in 2026+37% since 2025

Shareholders’ equity⁴-$497.0M in 2026

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁴

Period ending	2026-05-31	2025-05-31	2024-05-31	2023-05-31
Cash	$251.0M	$109.0M
Receivables, less allowances of $204 and $14	$1.2B	$132.0M
Due from Parent	$18.0M	$0
Prepaid expenses and other	$83.0M	$43.0M
Total current assets	$1.5B	$284.0M
Vehicles and trailers	$3.9B	$4.0B
Facilities and other	$1.7B	$1.5B
Ground support and dock equipment	$628.0M	$621.0M
Information technology	$520.0M	$397.0M
Total property and equipment, at cost	$6.7B	$6.5B
Less accumulated depreciation and amortization	$3.7B	$3.7B
Net property and equipment	$2.9B	$2.8B
Operating lease right-of-use assets, net	$1.8B	$1.4B
Goodwill	$602.0M	$602.0M	$602.0M
Other assets	$29.0M	$4.0M
Total other long-term assets	$2.5B	$2.0B
TOTAL ASSETS	$6.9B	$5.0B
Current portion of long-term debt	$43.0M	$7.0M
Accrued salaries and employee benefits	$389.0M	$227.0M
Accounts payable	$106.0M	$150.0M
Due to Parent, net	$0	$5.0M
Operating lease liabilities	$172.0M	$172.0M
Accrued expenses	$283.0M	$212.0M
Total current liabilities	$993.0M	$773.0M
Long-term debt, less current portion	$4.5B	$66.0M
Deferred income taxes	$220.0M	$235.0M
Self-insurance accruals	$13.0M	$315.0M
Operating lease liabilities	$1.7B	$1.2B
Other liabilities	$5.0M	$52.0M
Total long-term liabilities	$6.4B	$1.9B
Common stock, $0.10 par value; 149,505,248 shares authorized, issued, and outstanding as of May 31, 2026	$15.0M	$0
Additional paid-in capital	$0	$0
(Accumulated deficit) Retained earnings	-$509.0M	$2.4B
Accumulated other comprehensive loss	-$3.0M	-$7.0M
Total (deficit) equity	-$497.0M	$2.4B	$2.1B	$1.7B
TOTAL LIABILITIES AND (DEFICIT) EQUITY	$6.9B	$5.0B
Receivables, allowance	$204.0M	$14.0M
Common stock, par value (in dollars per share)	$0.10
Common stock, shares authorized (in shares)	149.5M shares
Common stock, shares issued (in shares)	149.5M shares
Common stock, shares outstanding (in shares)	149.5M shares

Period ending	2026-05-31	2025-05-31	2024-05-31	2023-05-31
Cash	$251.0M	$109.0M
Receivables, less allowances of $204 and $14	$1.2B	$132.0M
Due from Parent	$18.0M	$0
Prepaid expenses and other	$83.0M	$43.0M
Total current assets	$1.5B	$284.0M
Vehicles and trailers	$3.9B	$4.0B
Facilities and other	$1.7B	$1.5B
Ground support and dock equipment	$628.0M	$621.0M
Information technology	$520.0M	$397.0M
Total property and equipment, at cost	$6.7B	$6.5B
Less accumulated depreciation and amortization	$3.7B	$3.7B
Net property and equipment	$2.9B	$2.8B
Operating lease right-of-use assets, net	$1.8B	$1.4B
Goodwill	$602.0M	$602.0M	$602.0M
Other assets	$29.0M	$4.0M
Total other long-term assets	$2.5B	$2.0B
TOTAL ASSETS	$6.9B	$5.0B
Current portion of long-term debt	$43.0M	$7.0M
Accrued salaries and employee benefits	$389.0M	$227.0M
Accounts payable	$106.0M	$150.0M
Due to Parent, net	$0	$5.0M
Operating lease liabilities	$172.0M	$172.0M
Accrued expenses	$283.0M	$212.0M
Total current liabilities	$993.0M	$773.0M
Long-term debt, less current portion	$4.5B	$66.0M
Deferred income taxes	$220.0M	$235.0M
Self-insurance accruals	$13.0M	$315.0M
Operating lease liabilities	$1.7B	$1.2B
Other liabilities	$5.0M	$52.0M
Total long-term liabilities	$6.4B	$1.9B
Common stock, $0.10 par value; 149,505,248 shares authorized, issued, and outstanding as of May 31, 2026	$15.0M	$0
Additional paid-in capital	$0	$0
(Accumulated deficit) Retained earnings	-$509.0M	$2.4B
Accumulated other comprehensive loss	-$3.0M	-$7.0M
Total (deficit) equity	-$497.0M	$2.4B	$2.1B	$1.7B
TOTAL LIABILITIES AND (DEFICIT) EQUITY	$6.9B	$5.0B
Receivables, allowance	$204.0M	$14.0M
Common stock, par value (in dollars per share)	$0.10
Common stock, shares authorized (in shares)	149.5M shares
Common stock, shares issued (in shares)	149.5M shares
Common stock, shares outstanding (in shares)	149.5M shares

Cash from operations⁴$167.0M in 2026−89% since 2024

Dividends paid⁴$48.0M in 2026

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁴

Period ending	2026-05-31	2025-05-31	2024-05-31
Net income	$655.0M	$1.3B	$1.6B
Depreciation and amortization	$449.0M	$416.0M	$404.0M
Provision for uncollectible accounts	$91.0M	$19.0M	$11.0M
Other noncash items including leases and deferred income taxes	$237.0M	$228.0M	$157.0M
Stock-based compensation	$13.0M	$10.0M	$12.0M
Separation and other costs, net of payments	$135.0M	$0	$0
Receivables	-$1.2B	$0	-$9.0M
Other current assets	-$39.0M	$16.0M	$22.0M
Accounts payable and other liabilities	-$169.0M	-$255.0M	-$233.0M
Due to Parent, net	-$32.0M	-$255.0M	-$397.0M
Other, net	-$20.0M	$6.0M	$0
Cash provided by operating activities	$167.0M	$1.5B	$1.5B
Capital expenditures	-$379.0M	-$437.0M	-$461.0M
Proceeds from asset dispositions and other	$16.0M	$52.0M	$58.0M
Cash used in investing activities	-$363.0M	-$385.0M	-$403.0M
Principal payments on debt	-$26.0M	-$63.0M	-$1.0M
Proceeds from debt issuances	$4.3B	$0	$0
Net transfers to Parent	-$3.9B	-$1.1B	-$1.1B
Cash provided by (used in) financing activities	$335.0M	-$1.1B	-$1.1B
Effect of exchange rate changes on cash	$3.0M	-$3.0M	$1.0M
Net increase in cash	$142.0M	$3.0M	$13.0M

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Leadership

Who has led FedEx Freight, and when. Pick a name to see everywhere that person has worked.

20052010201520202025

PresidentClement E. Klank Iii. May 11, 2026 to now⁷
Chief financial officerMarshall Witt Jun 2, 2026 to now⁸
Chief operating officerClinton D. McCoy Jun 2, 2026 to now⁹

Board members and other officers (13)

SVP-Chief Accounting OfficerGuy M. Erwin Ii. Jun 2, 2026 to now¹⁰
EVP, Chief Commercial OfficerMichael B. Lyons Jun 2, 2026 to now¹¹
EVP - Chief Technology OfficerMichael Rodgers Jun 2, 2026 to now¹²
EVP - CHRLOClement E. Klank Iii. Jun 3, 2026 to now¹³
Board memberClement E. Klank Iii. May 11, 2026 to now⁷
Board memberJohn P. Sauerland May 27, 2026 to now¹⁴
Board memberAmy J. Salcido Jun 2, 2026 to now¹⁵
Board memberBrad Martin Jun 2, 2026 to now¹⁶
Board memberCindy J. Miller Jun 2, 2026 to now¹⁷
Board memberDonald Frieson Jun 2, 2026 to now¹⁸
Board memberJeffrey A. Davis Jun 2, 2026 to now¹⁹
Board memberRobert A. King Jun 2, 2026 to now²⁰
Board memberSteve Gorman Jun 2, 2026 to now²¹

Timeline

Jun 1, 2026Went public Listed on NYSE¹
2001Founded Founded¹

Filings

71 filings to the SEC since October 2021: 1 annual reports, 8 major events, 51 insider forms, 3 large holders, 8 other. The latest 20:

Oct 2, 20268-K EDGAR
Sep 2, 20268-K EDGAR
Aug 11, 20264 EDGAR
Aug 7, 2026SCHEDULE 13G EDGAR
Aug 6, 20268-K EDGAR
Aug 5, 20264 EDGAR
Aug 5, 20264/A EDGAR
Aug 5, 20264/A EDGAR
Aug 5, 20264/A EDGAR
Aug 5, 202610-K EDGAR
Jul 31, 2026SCHEDULE 13G EDGAR
Jul 28, 2026SCHEDULE 13G EDGAR
Jul 16, 20264/A EDGAR
Jul 1, 20264 EDGAR
Jul 1, 20264 EDGAR
Jul 1, 20264 EDGAR
Jul 1, 20264 EDGAR
Jul 1, 20264 EDGAR
Jul 1, 20264 EDGAR
Jul 1, 20264 EDGAR

The 71 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 3 such filings since October 2021:

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	9,078,495	$1.4B	0.0%	New
Dodge & Cox	7,182,771	$1.1B	0.6%	New
Vanguard Capital Management LLC	7,059,822	$1.1B	0.0%	New
Vanguard Portfolio Management LLC	4,856,936	$733.4M	0.0%	New
Primecap Management Co/ca/	4,048,660	$611.3M	0.4%	New
Invesco Ltd.	3,470,101	$524.0M	0.0%	New
Franklin Resources Inc	2,941,682	$444.2M	0.1%	New
Geode Capital Management, LLC	2,897,674	$435.8M	0.0%	New
Viking Global Investors LP	2,366,634	$357.4M	1.0%	New
Slate Path Capital LP	2,247,200	$339.3M	4.7%	New
Morgan Stanley	1,454,800	$219.7M	0.0%	New
Norges Bank	1,342,980	$202.8M	0.0%	New
Fmr LLC	1,330,220	$200.9M	0.0%	New
Jpmorgan Chase & Co	1,333,133	$199.6M	0.0%	New
Dimensional Fund Advisors LP	1,304,710	$197.0M	0.0%	New
Point72 Asset Management, L.P.	1,199,248	$181.1M	0.3%	New
Gates Foundation Trust	1,192,181	$180.0M	0.5%	New
Aqr Capital Management LLC	1,024,555	$154.7M	0.1%	New
Bank Of America Corp /de/	983,572	$148.5M	0.0%	New
Northern Trust Corp	971,211	$146.7M	0.0%	New
Mizuho Markets Americas LLC	907,712	$137.1M	2.5%	New
UBS Group AG	858,973	$129.7M	0.0%	New
Charles Schwab Investment Management Inc	835,247	$126.1M	0.0%	New
Nomura Holdings Inc	810,916	$122.4M	0.5%	New
Goldman Sachs Group Inc	774,105	$116.9M	0.0%	New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataFedEx Freight on Wikidata
2
SEC EDGARFedEx Freight filings on SEC EDGAR
3
Yahoo FinanceFDXF quote
4
SEC EDGARFedEx Freight 10-K for fiscal 2026
5
SEC EDGARFedEx Freight filings on SEC EDGAR
6
Company websiteFedEx Freight photo
7
SEC EDGARClement E. Klank Iii., President
8
SEC EDGARMarshall Witt, Chief financial officer
9
SEC EDGARClinton D. McCoy, Chief operating officer
10
SEC EDGARGuy M. Erwin Ii., SVP-Chief Accounting Officer
11
SEC EDGARMichael B. Lyons, EVP, Chief Commercial Officer
12
SEC EDGARMichael Rodgers, EVP - Chief Technology Officer
13
SEC EDGARClement E. Klank Iii., EVP - CHRLO
14
SEC EDGARJohn P. Sauerland, Board member
15
SEC EDGARAmy J. Salcido, Board member
16
SEC EDGARBrad Martin, Board member
17
SEC EDGARCindy J. Miller, Board member
18
SEC EDGARDonald Frieson, Board member
19
SEC EDGARJeffrey A. Davis, Board member
20
SEC EDGARRobert A. King, Board member
21
SEC EDGARSteve Gorman, Board member