FedEx Corporation Working Capital to Net Assets Ratio
FedEx Corporation working capital to net assets ratio. FedEx Corporation (FDX) has a Working Capital to Net Assets ratio of 27.5% as of February 2026. Working capital of $8.19 Billion (current assets of $25.48 Billion minus current liabilities of $17.29 Billion) is measured against net assets of $29.80 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of FedEx Corporation (1986–2025)
Working capital to net assets ratio of FedEx Corporation from 1986 to 2025. This chart shows how FedEx Corporation's Working Capital to Net Assets ratio has evolved across 40 annual periods from 1986 to 2025. As of February 2026, the ratio stands at 27.5%, reflecting working capital of $8.19 Billion against net assets of $29.80 Billion USD. See FedEx Corporation defensive interval ratio to measure how many days the company can operate on defensive assets alone.
FedEx Corporation Working Capital to Net Assets Ratio by Year (1986–2025)
FedEx Corporation working capital to net assets ratio by year from 1986 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for FedEx Corporation from 1986 to 2025, covering 40 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see FedEx Corporation balance sheet assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 10.6% | $2.98 Billion | $28.07 Billion | $18.39 Billion | $15.41 Billion | ▼ -7.0 pp |
| 2024 | 17.6% | $4.85 Billion | $27.58 Billion | $18.21 Billion | $13.36 Billion | ▼ -1.6 pp |
| 2023 | 19.2% | $4.99 Billion | $26.05 Billion | $18.58 Billion | $13.59 Billion | ▼ -5.3 pp |
| 2022 | 24.4% | $6.09 Billion | $24.94 Billion | $20.36 Billion | $14.27 Billion | ▼ -4.2 pp |
| 2021 | 28.6% | $6.92 Billion | $24.17 Billion | $20.58 Billion | $13.66 Billion | ▼ -4.4 pp |
| 2020 | 33.0% | $6.04 Billion | $18.30 Billion | $16.38 Billion | $10.34 Billion | ▲ +10.1 pp |
| 2019 | 22.9% | $4.07 Billion | $17.76 Billion | $13.09 Billion | $9.01 Billion | ▲ +3.8 pp |
| 2018 | 19.1% | $3.71 Billion | $19.42 Billion | $13.34 Billion | $9.63 Billion | ▼ -10.2 pp |
| 2017 | 29.3% | $4.71 Billion | $16.07 Billion | $12.63 Billion | $7.92 Billion | ▲ +0.4 pp |
| 2016 | 28.9% | $3.98 Billion | $13.78 Billion | $11.99 Billion | $8.01 Billion | ▼ -4.4 pp |
| 2015 | 33.2% | $4.99 Billion | $14.99 Billion | $10.94 Billion | $5.96 Billion | ▲ +4.6 pp |
| 2014 | 28.6% | $4.37 Billion | $15.28 Billion | $9.68 Billion | $5.31 Billion | ▼ -3.1 pp |
| 2013 | 31.8% | $5.52 Billion | $17.40 Billion | $11.27 Billion | $5.75 Billion | ▲ +6.7 pp |
| 2012 | 25.0% | $3.68 Billion | $14.73 Billion | $9.06 Billion | $5.37 Billion | ▲ +2.6 pp |
| 2011 | 22.4% | $3.40 Billion | $15.22 Billion | $8.29 Billion | $4.88 Billion | ▲ +3.3 pp |
| 2010 | 19.1% | $2.64 Billion | $13.81 Billion | $7.28 Billion | $4.64 Billion | ▲ +0.1 pp |
| 2009 | 19.0% | $2.59 Billion | $13.63 Billion | $7.12 Billion | $4.52 Billion | ▲ +6.1 pp |
| 2008 | 12.9% | $1.88 Billion | $14.53 Billion | $7.24 Billion | $5.37 Billion | ▲ +3.4 pp |
| 2007 | 9.5% | $1.20 Billion | $12.66 Billion | $6.63 Billion | $5.43 Billion | ▲ +0.9 pp |
| 2006 | 8.6% | $991.00 Million | $11.51 Billion | $6.46 Billion | $5.47 Billion | ▲ +3.0 pp |
| 2005 | 5.6% | $535.00 Million | $9.59 Billion | $5.27 Billion | $4.73 Billion | ▲ +3.6 pp |
| 2004 | 2.0% | $163.00 Million | $8.04 Billion | $4.97 Billion | $4.81 Billion | ▼ -6.3 pp |
| 2003 | 8.3% | $606.00 Million | $7.29 Billion | $3.94 Billion | $3.33 Billion | ▼ -4.1 pp |
| 2002 | 12.4% | $812.00 Million | $6.54 Billion | $3.67 Billion | $2.85 Billion | ▲ +9.0 pp |
| 2001 | 3.4% | $199.06 Million | $5.90 Billion | $3.45 Billion | $3.25 Billion | ▼ -4.8 pp |
| 2000 | 8.2% | $392.74 Million | $4.79 Billion | $3.28 Billion | $2.89 Billion | ▲ +0.6 pp |
| 1999 | 7.6% | $356.27 Million | $4.66 Billion | $3.14 Billion | $2.78 Billion | ▲ +5.7 pp |
| 1998 | 1.9% | $76.29 Million | $3.96 Billion | $2.88 Billion | $2.80 Billion | ▼ -3.0 pp |
| 1997 | 4.9% | $173.00 Million | $3.50 Billion | $2.64 Billion | $2.47 Billion | ▼ -3.7 pp |
| 1996 | 8.6% | $221.80 Million | $2.58 Billion | $1.73 Billion | $1.51 Billion | ▼ -1.1 pp |
| 1995 | 9.7% | $218.60 Million | $2.25 Billion | $1.87 Billion | $1.65 Billion | ▼ -6.5 pp |
| 1994 | 16.2% | $311.60 Million | $1.92 Billion | $1.76 Billion | $1.45 Billion | ▲ +16.8 pp |
| 1993 | -0.6% | $-9.60 Million | $1.67 Billion | $1.44 Billion | $1.45 Billion | ▲ +10.8 pp |
| 1992 | -11.3% | $-178.90 Million | $1.58 Billion | $1.21 Billion | $1.38 Billion | ▲ +1.3 pp |
| 1991 | -12.6% | $-211.00 Million | $1.67 Billion | $1.28 Billion | $1.49 Billion | ▼ -17.2 pp |
| 1990 | 4.6% | $75.20 Million | $1.65 Billion | $1.32 Billion | $1.24 Billion | ▲ +3.8 pp |
| 1989 | 0.7% | $11.10 Million | $1.49 Billion | $1.10 Billion | $1.09 Billion | ▼ -3.6 pp |
| 1988 | 4.4% | $58.00 Million | $1.33 Billion | $630.00 Million | $572.00 Million | ▲ +4.0 pp |
| 1987 | 0.4% | $3.80 Million | $1.08 Billion | $507.50 Million | $503.70 Million | ▼ -16.3 pp |
| 1986 | 16.6% | $181.40 Million | $1.09 Billion | $613.30 Million | $431.90 Million | — |