FedEx Corporation (FDX) — Tangible Net Worth Ratio
FedEx Corporation (FDX) has a Tangible Net Worth Ratio of 100.0% as of February 2026. This metric is calculated by deducting intangible assets ($0.00) from net assets ($29.80 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset growth rate of FedEx Corporation to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
FedEx Corporation Tangible Net Worth Ratio (1986–2025)
This chart shows how FedEx Corporation's Tangible Net Worth Ratio has changed across 40 annual periods from 1986 to 2025. As of February 2026, the ratio stands at 100.0%, reflecting net assets of $29.80 Billion with intangible assets of $0.00 USD. For live market cap and overall valuation, see FedEx Corporation (FDX) market capitalisation.
Annual Tangible Net Worth Ratio for FedEx Corporation (1986–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for FedEx Corporation from 1986 to 2025, covering 40 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore FedEx Corporation capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.3% | $28.07 Billion | $205.00 Million | $87.63 Billion | ▼ -0.1 pp |
| 2024 | 99.3% | $27.58 Billion | $181.00 Million | $87.01 Billion | ▲ +0.2 pp |
| 2023 | 99.1% | $26.05 Billion | $234.00 Million | $87.11 Billion | ▲ +0.3 pp |
| 2022 | 98.8% | $24.94 Billion | $301.00 Million | $85.99 Billion | ▲ +0.2 pp |
| 2021 | 98.5% | $24.17 Billion | $352.00 Million | $82.78 Billion | ▲ +0.3 pp |
| 2020 | 98.2% | $18.30 Billion | $322.00 Million | $73.54 Billion | ▲ +0.6 pp |
| 2019 | 97.7% | $17.76 Billion | $416.00 Million | $54.40 Billion | ▲ +0.1 pp |
| 2018 | 97.5% | $19.42 Billion | $480.00 Million | $52.33 Billion | ▲ +0.8 pp |
| 2017 | 96.7% | $16.07 Billion | $529.00 Million | $48.55 Billion | ▲ +4.0 pp |
| 2016 | 92.7% | $13.78 Billion | $1.01 Billion | $46.06 Billion | ▼ -5.9 pp |
| 2015 | 98.6% | $14.99 Billion | $207.00 Million | $37.07 Billion | ▼ -1.0 pp |
| 2014 | 99.6% | $15.28 Billion | $57.00 Million | $33.07 Billion | ▲ +0.0 pp |
| 2013 | 99.6% | $17.40 Billion | $72.00 Million | $33.57 Billion | ▲ +16.0 pp |
| 2012 | 83.6% | $14.73 Billion | $2.42 Billion | $29.90 Billion | ▼ -0.9 pp |
| 2011 | 84.5% | $15.22 Billion | $2.36 Billion | $27.39 Billion | ▲ +0.9 pp |
| 2010 | 83.6% | $13.81 Billion | $2.27 Billion | $24.90 Billion | ▼ -7.8 pp |
| 2009 | 91.4% | $13.63 Billion | $1.17 Billion | $24.24 Billion | ▼ -2.3 pp |
| 2008 | 93.7% | $14.53 Billion | $919.00 Million | $25.63 Billion | ▲ +3.5 pp |
| 2007 | 90.2% | $12.66 Billion | $1.24 Billion | $24.00 Billion | ▲ +1.4 pp |
| 2006 | 88.9% | $11.51 Billion | $1.28 Billion | $22.69 Billion | ▲ +3.3 pp |
| 2005 | 85.6% | $9.59 Billion | $1.39 Billion | $20.40 Billion | ▲ +0.5 pp |
| 2004 | 85.1% | $8.04 Billion | $1.20 Billion | $19.13 Billion | ▲ +0.8 pp |
| 2003 | 84.3% | $7.29 Billion | $1.14 Billion | $15.38 Billion | ▲ +1.9 pp |
| 2002 | 82.4% | $6.54 Billion | $1.15 Billion | $13.81 Billion | ▲ +1.0 pp |
| 2001 | 81.3% | $5.90 Billion | $1.10 Billion | $13.34 Billion | ▼ -8.2 pp |
| 2000 | 89.5% | $4.79 Billion | $500.55 Million | $11.53 Billion | ▼ -10.5 pp |
| 1999 | 100.0% | $4.66 Billion | $0.00 | $10.65 Billion | ▲ +0.0 pp |
| 1998 | 100.0% | $3.96 Billion | $0.00 | $9.69 Billion | ▲ +10.6 pp |
| 1997 | 89.4% | $3.50 Billion | $370.30 Million | $9.04 Billion | ▲ +4.2 pp |
| 1996 | 85.2% | $2.58 Billion | $380.70 Million | $6.70 Billion | ▲ +2.9 pp |
| 1995 | 82.3% | $2.25 Billion | $397.30 Million | $6.43 Billion | ▲ +3.9 pp |
| 1994 | 78.4% | $1.92 Billion | $415.20 Million | $5.99 Billion | ▲ +4.3 pp |
| 1993 | 74.1% | $1.67 Billion | $432.20 Million | $5.79 Billion | ▲ +5.0 pp |
| 1992 | 69.1% | $1.58 Billion | $487.80 Million | $5.46 Billion | ▲ +0.4 pp |
| 1991 | 68.8% | $1.67 Billion | $521.10 Million | $5.67 Billion | ▲ +4.5 pp |
| 1990 | 64.3% | $1.65 Billion | $588.90 Million | $5.68 Billion | ▲ +4.1 pp |
| 1989 | 60.2% | $1.49 Billion | $593.90 Million | $5.29 Billion | ▼ -39.8 pp |
| 1988 | 100.0% | $1.33 Billion | $0.00 | $3.01 Billion | ▲ +0.0 pp |
| 1987 | 100.0% | $1.08 Billion | $0.00 | $2.50 Billion | ▲ +0.0 pp |
| 1986 | 100.0% | $1.09 Billion | $0.00 | $2.28 Billion | — |