# FDX · Fedex Corp

Snapshot 2026-10-26 · CIK 0001048911 · NYSE · Air Courier Services

Price 298.72 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 70.67 B

Machine-readable: https://theclaudetrader.com/s/FDX.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 69.1 (ok) · complete: True · missing tests: none · current inputs as of 2026-05-31 · stale inputs: Revenue, current_assets, current_liabilities, lt_debt, equity · history 2014–2026 · price 2026-10-23 · verification {'verified': 14, 'mismatch': 0, 'unverified': 21, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 94.72 revenue $B · threshold >= 1 · points 5.0/5
- 2a Current ratio: 1.48  · threshold >= 2.0 · points 7.1/15
- 2b Long-term debt vs working capital: 2.59 LTD / WC · threshold <= 1.0 · points 0.0/15
- 3 Positive earnings each of 10 years: 10 of 10  · threshold 10 of 10 · points 15.0/15
- 4 Dividends every year for 20 years: 20 of 20  · threshold 20 of 20 · points 15.0/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: 7.08 -> 17.52 (+148%)  · threshold >= +33% · points 10.0/10
- 6 P/E on 3-year average EPS: 17.0  · threshold <= 15 · points 11.9/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 2.23, product 38.1  · threshold <= 1.5 or <= 22.5 · points 5.1/10

Inputs:
  - Price (close, per traded unit): 298.72 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 94720000000.0 · 2026-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - current_assets: 27903000000.0 · 2026-05-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - current_liabilities: 18912000000.0 · 2026-05-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - lt_debt: 23293000000.0 · 2026-05-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - equity: 31647000000.0 · 2026-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2016: 2997000000.0 · 2017-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000156459019025065/ · unverified
  - Net income FY2017: 4572000000.0 · 2018-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000156459020032775/ · unverified
  - Net income FY2018: 540000000.0 · 2019-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000156459021037031/ · unverified
  - Net income FY2019: 1286000000.0 · 2020-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000095017022012762/ · unverified
  - Net income FY2020: 5231000000.0 · 2021-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000095017023033201/ · unverified
  - Net income FY2021: 3826000000.0 · 2022-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/ · unverified
  - Net income FY2022: 3972000000.0 · 2023-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/ · unverified
  - Net income FY2023: 4331000000.0 · 2024-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2024: 4092000000.0 · 2025-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2025: 4433000000.0 · 2026-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Dividend years (Yahoo): [2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/FDX/history?filter=div · verified (partly: XBRL covers 13 of 20 years)
  - Dividends per share FY2013 (XBRL): 0.6 · 2014-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000119312516650267/ · verified
  - Dividends per share FY2014 (XBRL): 0.8 · 2015-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000095012317006152/ · verified
  - Dividends per share FY2015 (XBRL): 1.0 · 2016-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000156459018016877/ · verified
  - Dividends per share FY2016 (XBRL): 1.6 · 2017-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000156459019025065/ · verified
  - Dividends per share FY2017 (XBRL): 2.0 · 2018-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000156459020032775/ · verified
  - Dividends per share FY2018 (XBRL): 2.6 · 2019-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000156459021037031/ · verified
  - Dividends per share FY2019 (XBRL): 2.6 · 2020-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000095017022012762/ · verified
  - Dividends per share FY2020 (XBRL): 2.6 · 2021-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000095017023033201/ · verified
  - Dividends per share FY2021 (XBRL): 3.0 · 2022-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/ · verified
  - Dividends per share FY2022 (XBRL): 5.86 · 2023-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/ · verified
  - Dividends per share FY2023 (XBRL): 3.78 · 2024-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · verified
  - Dividends per share FY2024 (XBRL): 5.52 · 2025-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · verified
  - Dividends per share FY2025 (XBRL): 5.8 · 2026-05-31 · SEC XBRL CommonStockDividendsPerShareDeclared · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · verified
  - EPS diluted FY2014: 3.65 · 2015-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000095012317006152/ · unverified
  - EPS diluted FY2015: 6.51 · 2016-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000156459018016877/ · unverified
  - EPS diluted FY2016: 11.07 · 2017-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000156459019025065/ · unverified
  - EPS diluted FY2023: 17.21 · 2024-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - EPS diluted FY2024: 16.81 · 2025-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - EPS diluted FY2025: 18.55 · 2026-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Shares outstanding: 236581188.0 · 2026-07-16 · SEC cover page 10-K 0001048911-26-000105 (236,581,188 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/R1.htm

### Magic Formula: — (insufficient data (quarterly EBIT chain incomplete; not ranked)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula
-  EBIT, latest fiscal year (not comparable with the TTM ranking): 5463000000.0  · threshold  · points /

### Momentum: 75.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: 54.5 % · threshold  · points 45.2/50
-  6 month return: -4.9 % · threshold  · points 6.1/20
-  Price / 52-week high: 0.884  · threshold  · points 13.3/15
-  Volatility penalty (60d annualised): 23.1 % · threshold  · points 10.5/15

Inputs:
  - Adjusted close series (14 months): 298.72 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold  · points -0.0/0

### Buffett Quality: 64.6 (ok) · complete: True · missing tests: none · current inputs as of 2026-05-31 · stale inputs: debt_incl_current, debt_short · history 2017–2026 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 48, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 13.3% over 8 yrs  · threshold >= 15% · points 19.0/25
- 2 Profitable every year: 10 of 10  · threshold all years · points 15.0/15
- 3 Net income growth, 3-yr average now vs start of window: +6.8% a year  · threshold >= +10% · points 6.8/10
- 4 Borrowings / 3-yr average earnings (years to repay): 5.6 years · threshold <= 4 · points 8.8/15
- 5 Operating margin, 5-yr average: 6.0%  · threshold >= 20% · points 0.0/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 0.82  · threshold >= 1.0 · points 6.4/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 5.3%  · threshold >= 7% · points 8.6/15

Inputs:
  - Price (close, per traded unit): 298.72 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2018: 540000000.0 · 2019-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000156459021037031/ · unverified
  - Equity at FY2018 end: 17757000000.0 · 2019-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000095017022012762/ · unverified
  - Net income FY2019: 1286000000.0 · 2020-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000095017022012762/ · unverified
  - Equity at FY2019 end: 18295000000.0 · 2020-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000095017023033201/ · unverified
  - Net income FY2020: 5231000000.0 · 2021-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000095017023033201/ · unverified
  - Equity at FY2020 end: 24168000000.0 · 2021-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/ · unverified
  - Net income FY2021: 3826000000.0 · 2022-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/ · unverified
  - Equity at FY2021 end: 24939000000.0 · 2022-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/ · unverified
  - Net income FY2022: 3972000000.0 · 2023-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/ · unverified
  - Equity at FY2022 end: 26088000000.0 · 2023-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2023: 4331000000.0 · 2024-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Equity at FY2023 end: 27582000000.0 · 2024-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2024: 4092000000.0 · 2025-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Equity at FY2024 end: 28074000000.0 · 2025-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2025: 4433000000.0 · 2026-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Equity at FY2025 end: 31647000000.0 · 2026-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2016: 2997000000.0 · 2017-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000156459019025065/ · unverified
  - Net income FY2017: 4572000000.0 · 2018-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000156459020032775/ · unverified
  - Net income FY2018: 540000000.0 · 2019-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000156459021037031/ · unverified
  - Net income FY2019: 1286000000.0 · 2020-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000095017022012762/ · unverified
  - Net income FY2020: 5231000000.0 · 2021-05-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000095017023033201/ · unverified
  - Net income FY2021: 3826000000.0 · 2022-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/ · unverified
  - Net income FY2022: 3972000000.0 · 2023-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/ · unverified
  - Net income FY2023: 4331000000.0 · 2024-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2024: 4092000000.0 · 2025-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2025: 4433000000.0 · 2026-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - debt_incl_current: 23455000000.0 · 2026-05-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - debt_short: 745000000.0 · 2026-05-31 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Operating income FY2021: 6245000000.0 · 2022-05-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/ · unverified
  - Revenue FY2021: 93512000000.0 · 2022-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/ · unverified
  - Operating income FY2022: 4912000000.0 · 2023-05-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/ · unverified
  - Revenue FY2022: 90155000000.0 · 2023-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/ · unverified
  - Operating income FY2023: 5559000000.0 · 2024-05-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Revenue FY2023: 87693000000.0 · 2024-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Operating income FY2024: 5217000000.0 · 2025-05-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Revenue FY2024: 87926000000.0 · 2025-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Operating income FY2025: 5463000000.0 · 2026-05-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Revenue FY2025: 94720000000.0 · 2026-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Operating cash flow FY2021: 9832000000.0 · 2022-05-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/ · unverified

### Lynch GARP: 32.7 (ok) · complete: True · missing tests: none · current inputs as of 2026-05-31 · stale inputs: debt_incl_current, debt_short, equity, cash · history 2021–2026 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 6, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): None  · threshold <= 1.0 · points 0.0/30
- 2 EPS growth, 5-yr compound rate: -0.9% a year  · threshold 12% to 35% a year · points 0.0/20
- 3 P/E on latest annual EPS: 16.1  · threshold <= 25 · points 10.0/10
- 4 Borrowings / equity: 0.76  · threshold <= 0.5 · points 11.0/15
- 5 Years of the last 5 in which EPS rose: 3 of 5  · threshold 5 of 5 · points 9.0/15
- 6 Net cash (cash minus borrowings) / market cap: -15.4%  · threshold >= +10% · points 2.7/10

Inputs:
  - Price (close, per traded unit): 298.72 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 18.55 · 2026-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - EPS diluted FY2020: 19.45 · 2021-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000095017023033201/ · unverified
  - debt_incl_current: 23455000000.0 · 2026-05-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - debt_short: 745000000.0 · 2026-05-31 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - equity: 31647000000.0 · 2026-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - cash: 13311000000.0 · 2026-05-31 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified

### Graham Enterprising: 42.1 (ok) · complete: True · missing tests: none · current inputs as of 2026-05-31 · stale inputs: current_assets, current_liabilities, debt_incl_current, debt_short, equity · history 2021–2026 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 1.48  · threshold >= 1.5 · points 14.3/15
- 2 Borrowings vs working capital: 2.69 x · threshold <= 1.1x · points 0.0/15
- 3 No earnings deficit in the last 5 years: 5 of 5 profitable  · threshold 5 of 5 · points 15.0/15
- 4 Pays a current dividend: yes  · threshold yes · points 10.0/10
- 5 EPS higher than five years earlier: 19.45 -> 18.55  · threshold higher · points 0.0/10
- 6 Price / book value per share: 2.23  · threshold <= 1.2 · points 2.8/20
- 7 Price / net current asset value per share (current assets minus all liabilities): None  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 298.72 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 27903000000.0 · 2026-05-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - current_liabilities: 18912000000.0 · 2026-05-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - debt_incl_current: 23455000000.0 · 2026-05-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - debt_short: 745000000.0 · 2026-05-31 · SEC XBRL ShortTermBorrowings · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2021: 3826000000.0 · 2022-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/ · unverified
  - Net income FY2022: 3972000000.0 · 2023-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/ · unverified
  - Net income FY2023: 4331000000.0 · 2024-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2024: 4092000000.0 · 2025-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Net income FY2025: 4433000000.0 · 2026-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Dividend years (Yahoo): [2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/FDX/history?filter=div
  - EPS diluted FY2025: 18.55 · 2026-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - EPS diluted FY2020: 19.45 · 2021-05-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1048911/000095017023033201/ · unverified
  - equity: 31647000000.0 · 2026-05-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - Shares outstanding: 236581188.0 · 2026-07-16 · SEC cover page 10-K 0001048911-26-000105 (236,581,188 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/R1.htm

### Piotroski F-Score: 55.6 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2025–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 4.5%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 8,925M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 4.7% -> 4.5%  · threshold pass = 1 · points 0.0/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 8,925M vs 4,433M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: 21.9% -> 23.5%  · threshold pass = 1 · points 0.0/11.11111111111111
- 6 Current ratio improved: 1.19 -> 1.48  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 7 No new shares issued (share count did not rise): 236M -> 237M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 5.9% -> 5.8%  · threshold pass = 1 · points 0.0/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 1.00 -> 0.96  · threshold pass = 1 · points 0.0/11.11111111111111

Inputs:
  - net_income 2026-05-31: 4433000000.0 · 2026-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - total_assets 2026-05-31: 98937000000.0 · 2026-05-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - cfo 2026-05-31: 8925000000.0 · 2026-05-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - net_income 2026-05-31: 4433000000.0 · 2026-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - net_income 2025-05-31: 4092000000.0 · 2025-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - total_assets 2026-05-31: 98937000000.0 · 2026-05-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - total_assets 2025-05-31: 87627000000.0 · 2025-05-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - cfo 2026-05-31: 8925000000.0 · 2026-05-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - net_income 2026-05-31: 4433000000.0 · 2026-05-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-097836) · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - lt_debt 2026-05-31: 23293000000.0 · 2026-05-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - lt_debt 2025-05-31: 19151000000.0 · 2025-05-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - total_assets 2026-05-31: 98937000000.0 · 2026-05-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - total_assets 2025-05-31: 87627000000.0 · 2025-05-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - current_assets 2026-05-31: 27903000000.0 · 2026-05-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - current_assets 2025-05-31: 18386000000.0 · 2025-05-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - current_liabilities 2026-05-31: 18912000000.0 · 2026-05-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - current_liabilities 2025-05-31: 15411000000.0 · 2025-05-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - shares_out 2026-07-16: 236581188.0 · 2026-07-16 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - shares_out 2025-07-17: 235899098.0 · 2025-07-17 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/ · unverified
  - operating_income 2026-05-31: 5463000000.0 · 2026-05-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - operating_income 2025-05-31: 5217000000.0 · 2025-05-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - revenue 2026-05-31: 94720000000.0 · 2026-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - revenue 2025-05-31: 87926000000.0 · 2025-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - revenue 2026-05-31: 94720000000.0 · 2026-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - revenue 2025-05-31: 87926000000.0 · 2025-05-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - total_assets 2026-05-31: 98937000000.0 · 2026-05-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified
  - total_assets 2025-05-31: 87627000000.0 · 2025-05-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 298.72 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 236,581,188 underlying shares, period 2026-07-16, SEC cover page 10-K 0001048911-26-000105 (236,581,188 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm, accession 0001048911-26-000105 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 70,671,532,479 USD; 298.72 (price 2026-10-23) / 1 x 236,581,188 (shares at 2026-07-16) = 70,671,532,479

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2014 (ended 2014-05-31): 45567000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000119312516650267/
- FY2015 (ended 2015-05-31): 47453000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000095012317006152/
- FY2016 (ended 2016-05-31): 50365000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000156459018016877/
- FY2017 (ended 2017-05-31): 60319000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000156459018016877/
- FY2018 (ended 2018-05-31): 65450000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000156459018016877/
- FY2019 (ended 2019-05-31): 69693000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000156459021037031/
- FY2020 (ended 2020-05-31): 69217000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000095017022012762/
- FY2021 (ended 2021-05-31): 83959000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000095017023033201/
- FY2022 (ended 2022-05-31): 93512000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/
- FY2023 (ended 2023-05-31): 90155000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/
- FY2024 (ended 2024-05-31): 87693000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/
- FY2025 (ended 2025-05-31): 87926000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/
- FY2026 (ended 2026-05-31): 94720000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/

## Net income by fiscal year (SEC XBRL)

- FY2014 (ended 2014-05-31): 2324000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000119312516650267/
- FY2015 (ended 2015-05-31): 1050000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000095012317006152/
- FY2016 (ended 2016-05-31): 1820000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000156459018016877/
- FY2017 (ended 2017-05-31): 2997000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000156459019025065/
- FY2018 (ended 2018-05-31): 4572000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000156459020032775/
- FY2019 (ended 2019-05-31): 540000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000156459021037031/
- FY2020 (ended 2020-05-31): 1286000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000095017022012762/
- FY2021 (ended 2021-05-31): 5231000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000095017023033201/
- FY2022 (ended 2022-05-31): 3826000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000095017024083577/
- FY2023 (ended 2023-05-31): 3972000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000104891125000011/
- FY2024 (ended 2024-05-31): 4331000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/
- FY2025 (ended 2025-05-31): 4092000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/
- FY2026 (ended 2026-05-31): 4433000000.0 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2014 (ended 2014-05-31): 7.48 [filed 7.48, split factor 1.0]
- FY2015 (ended 2015-05-31): 3.65 [filed 3.65, split factor 1.0]
- FY2016 (ended 2016-05-31): 6.51 [filed 6.51, split factor 1.0]
- FY2017 (ended 2017-05-31): 11.07 [filed 11.07, split factor 1.0]
- FY2018 (ended 2018-05-31): 16.79 [filed 16.79, split factor 1.0]
- FY2019 (ended 2019-05-31): 2.03 [filed 2.03, split factor 1.0]
- FY2020 (ended 2020-05-31): 4.9 [filed 4.9, split factor 1.0]
- FY2021 (ended 2021-05-31): 19.45 [filed 19.45, split factor 1.0]
- FY2022 (ended 2022-05-31): 14.33 [filed 14.33, split factor 1.0]
- FY2023 (ended 2023-05-31): 15.48 [filed 15.48, split factor 1.0]
- FY2024 (ended 2024-05-31): 17.21 [filed 17.21, split factor 1.0]
- FY2025 (ended 2025-05-31): 16.81 [filed 16.81, split factor 1.0]
- FY2026 (ended 2026-05-31): 18.55 [filed 18.55, split factor 1.0]

## Dividend years (Yahoo history)

2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-06-30 S WALSH PAUL S (director) 5042 @ 324.56 = 1636432 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000095/
- 2026-04-15 S SCHWAB SUSAN C (director) 5795 @ 369.00 = 2138355 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000025/
- 2026-04-15 S Brightman Tracy B (officer) 2781 @ 363.30 = 1010337 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000029/
- 2026-04-15 S Brightman Tracy B (officer) 9084 @ 363.61 = 3303033 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000029/
- 2026-04-15 S Brightman Tracy B (officer) 5094 @ 363.33 = 1850803 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000029/
- 2026-04-14 S ADAMS GINA F. (officer) 6435 @ 367.37 = 2364026 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000015/
- 2026-04-14 S ADAMS GINA F. (officer) 14015 @ 366.02 = 5129770 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000015/
- 2026-04-14 S Carere Brie (officer) 2700 @ 370.03 = 999081 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000017/
- 2026-04-14 S Preet Kawal (officer) 4900 @ 367.89 = 1802661 · https://www.sec.gov/Archives/edgar/data/1048911/000104891126000019/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001048911
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001048911.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001048911&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001048911&type=8-K
- yahoo: https://finance.yahoo.com/quote/FDX
- stooq: https://stooq.com/q/d/?s=fdx.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=FDX
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=FDX
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/fdx/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/FDX
- openinsider (link only, nothing stored): http://openinsider.com/search?q=FDX
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=FDX+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/FDX; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.