FedEx Corporation logo FDX - FedEx Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 28
HOLD 18
SELL 3
STRONG
SELL 0
| PRICE TARGET: $321.35 DETAILS
HIGH: $479.00
LOW: $160.00
MEDIAN: $340.00
CONSENSUS: $321.35
UPSIDE: 3.38%
Annual Quarterly
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 94,720 87,926 87,693 90,155 93,512 83,794 69,217 69,693 65,450 60,319 50,365 47,453 45,567 44,287 42,680 39,304 34,734 35,497 37,953 35,214 32,294 29,363 24,710 22,487 20,607 19,629.0 18,256.9 16,773.5 15,872.8 11,519.8 10,273.6 9,392.1 8,479.5 7,808 7,550.1 7,688.3 7,015.1 5,167 3,882.8 3,178.3 2,606.2
Cost of Revenue 74,098 68,931 68,741 70,989 73,345 66,005 55,873 54,866 51,348 46,554 38,539 36,705 36,194 35,404 33,970 31,515 27,893 28,414 29,700 27,183 24,795 22,671 3,836 3,606 3,560 3,300.1 3,077.4 1,396.7 1,285.7 6,018.6 5,269.4 4,542.1 3,244.7 3,056 3,058.9 3,314.6 3,077.1 1,767.1 2,164.1 966.2 679.3
Gross Profit 20,622 18,995 18,952 19,166 20,167 17,789 13,344 14,827 14,102 13,765 11,826 10,748 9,373 8,883 8,710 7,789 6,841 7,083 8,253 8,031 7,499 6,692 20,874 18,881 17,047 16,328.9 15,179.5 15,376.8 14,587.2 5,501.2 5,004.2 4,850 5,234.8 4,752 4,491.2 4,373.7 3,938 3,399.9 1,718.7 2,212.1 1,926.9
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 12,913 12,597 13,828 13,644 11,771 10,492 10,041 8,973 8,340 8,311 8,408 5,927 5,672 5,390 5,322 4,825 5,132 5,296 4,755 4,485 4,221 12,646 11,581 10,879 9,913.5 9,136.7 8,484.4 7,932.8 6,166.2 5,579.1 5,243.8 4,104.8 3,807.5 3,637.1 3,438.4 3,045.3 2,588.1 1,049.7 1,608 1,502.4
Other Expenses 13,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8,708 8,086 7,426 7,501.9 6,980.7 6,521.1 6,130.6 3,239.8 2,874.5 2,510.6 2,203.7 579.9 577.2 534.5 479.2 387.3 289.6 239.3 212.4
Operating Expenses 13,999 12,913 12,597 13,828 13,644 11,771 10,492 10,041 8,973 8,340 8,311 8,408 5,927 5,672 5,390 5,322 4,825 5,132 5,296 4,755 4,485 4,221 21,354 19,667 18,305 17,415.4 16,117.4 15,005.5 14,063.4 9,406 8,453.6 7,754.4 6,308.5 4,387.4 4,214.3 3,972.9 3,524.5 2,975.4 1,339.3 1,847.3 1,714.8
Operating Income
Operating Income 6,623 6,082 6,355 5,338 6,523 6,018 2,852 4,786 5,129 5,425 3,515 2,340 3,446 3,211 3,320 2,467 2,016 1,951 2,957 3,276 3,014 2,471 1,440 1,471 1,321 1,070.9 1,221.1 1,163.1 1,010.7 (2,369.8) (2,021.9) (1,645.4) 134.9 1,524.6 1,690.8 1,647.7 1,378.9 435.3 378.9 371 194.5
Interest Expense 533 789 745 694 689 793 672 588 558 512 336 235 160 82 52 86 79 85 98 136 142 160 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 363 370 198 53 52 55 59 48 33 21 14 18 21 13 9 8 26 44 83 38 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 10,992 10,494 10,868 10,233 9,555 11,260 5,956 4,596 8,006 8,086 5,707 4,473 6,036 4,923 5,306 4,324 3,931 2,737 4,060 5,093 4,591 3,935 2,558 2,689 2,509 190 (675) 1,410.3 1,546.2 (3,147.2) (2,741.5) 1,243.4 (1,880.3) 944.7 854.1 1,113.2 899.7 822.6 668.5 610.3 406.9
EBIT 6,623 6,230 6,581 6,057 5,585 7,467 2,341 1,243 4,911 5,091 3,076 1,862 3,449 2,537 3,193 2,351 1,973 762 2,114 3,351 3,041 2,473 (430) (786) (1,258) (1,086) (1,830) (1,025.4) 1,809.4 (4,059.4) (3,403.3) 591.1 (2,479.7) 364.6 276.9 400.8 413.5 424.5 379.4 364.8 212.1
Income Before Tax 5,793 5,441 5,836 5,363 4,896 6,674 1,669 655 4,353 4,579 2,740 1,627 3,289 2,455 3,141 2,265 1,894 677 2,016 3,215 2,899 2,313 1,319 1,338 1,160 927.6 1,137.7 1,061.1 899.5 628.2 540 522.1 378.5 203.6 (146.8) 40.9 218.5 298.4 302.3 311.9 164.2
Income Tax Expense 1,360 1,349 1,505 1,391 1,070 1,443 383 115 (219) 1,582 920 577 1,192 894 1,109 813 710 579 891 1,199 1,093 864 481 508 435 343.2 449.4 429.7 401.4 267 232.2 224.5 174.1 93.8 (33) 35 102.7 131.9 114.6 144.9 32.4
Net Income 4,433 4,092 4,331 3,972 3,826 5,231 1,286 540 4,572 2,997 1,820 1,050 2,097 1,561 2,032 1,452 1,184 98 1,125 2,016 1,806 1,449 838 830 710 584.4 688.3 631.3 503.0 361.2 307.8 297.6 204.4 53.9 (113.8) 5.9 115.8 166.5 187.7 (65.5) 131.8
Per Share Data
EPS (Basic) 18.55 16.96 17.44 15.61 14.52 19.77 4.92 2.06 17.12 11.24 6.59 3.70 7.56 8.61 6.44 4.61 3.78 0.31 3.64 6.57 5.94 4.81 2.80 2.79 2.38 2.02 2.36 2.13 1.72 0.68 1.35 1.32 0.92 0.25 -0.53 0.03 0.55 0.80 0.89 -0.31 0.66
EPS (Diluted) 18.55 16.81 17.21 15.49 14.36 19.48 4.90 2.04 16.81 11.07 6.51 3.65 7.48 8.55 6.41 4.57 3.76 0.31 3.60 6.48 5.83 4.72 2.76 2.74 2.34 1.99 2.32 2.10 1.69 0.67 1.35 1.32 0.92 0.25 -0.53 0.03 0.55 0.80 0.89 -0.31 0.66
Shares Outstanding 239 243 248 254 263 264 261 262 267 266 276 283 307 315 315 315 312 311 309 307 304.0 301.2 299.3 297.5 298.3 289.1 291.5 296.4 292.5 291.4 226.3 223.9 224.0 215.6 214.7 196.7 210.5 208.1 210.9 211.3 199.7
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 13,311 5,502 6,501 6,856 6,897 7,087 4,881 2,319 3,265 3,969 3,534 3,763 2,908 4,917 2,843 2,328 1,952 2,292 1,539 1,569 1,937 1,039 1,046 538 331 121.3 68.0 325.3 229.6 160.9 93.4 357.5 392.9 155.5 78.2 117.7 98.5 157.3 54.9 21.7 185
Short-Term Investments 0 70 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 12,672 11,368 10,087 10,188 11,863 12,069 10,102 9,116 8,481 7,599 7,252 5,719 5,460 5,044 4,704 4,581 4,163 3,391 4,359 3,942 3,516 3,297 3,027 2,627 2,491 2,506 2,547 2,153.2 1,943.4 1,878 1,271.6 1,130.3 1,020.5 922.7 899.8 924.8 997.8 767.3 491.3 399.3 347
Inventory 669 602 614 604 637 587 572 553 525 514 496 498 463 457 440 437 389 367 435 338 308 250 249 228 251 269.3 255.3 291.9 364.7 339.4 222.1 193.3 174 164.1 158.1 154.9 110.6 83.6 48.8 39.9 49.3
Other Current Assets 0 13 1,005 929 0 0 0 0 0 0 0 606 522 533 533 610 529 511 544 536 539 510 489 416 469 435.5 318.3 290.7 232.8 265.4 141.2 188 174.3 197.4 69.9 85.4 108.5 91.9 35 46.6 32
Total Current Assets 27,903 18,386 18,207 18,577 20,365 20,580 16,383 13,086 13,341 12,628 11,989 10,941 9,683 11,274 9,056 8,285 7,284 7,116 7,244 6,629 6,464 5,269 4,970 3,941 3,665 3,449.1 3,284.7 3,141.0 2,880.1 2,643.7 1,728.3 1,869.1 1,761.7 1,439.7 1,206 1,282.8 1,315.4 1,100.1 630 507.5 613.3
Non-Current Assets
Property, Plant & Equipment 58,866 58,095 58,606 58,045 54,704 51,135 47,525 30,429 28,154 25,981 24,284 20,875 19,550 18,484 17,248 15,543 14,385 13,417 13,478 12,636 10,770 9,643 9,037 8,700 8,302 8,100.1 7,083.5 6,559.2 5,935.1 5,470.4 4,116.6 3,715.2 3,449.1 3,476.3 3,411.3 3,624 3,566.3 3,431.8 2,231.9 1,861.4 1,551.8
Goodwill 6,733 6,603 6,423 6,435 6,544 6,992 6,372 6,884 6,973 7,154 6,747 3,810 2,790 2,755 2,387 2,326 2,200 2,229 3,165 3,497 2,825 2,835 2,802 1,063 1,063 1,082.2 500.5 344.0 356.3 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 301 352 322 416 480 529 1,008 207 57 72 0 0 0 1,171 919 1,238 1,282 1,385 1,198 0 0 0 0 0 0 370.3 380.7 397.3 415.2 432.2 487.8 521.1 588.9 593.9 0 0 0
Long-Term Investments 0 506 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 5,435 4,037 2,458 4,053 4,080 3,718 2,935 3,588 3,382 2,260 1,931 1,304 1,047 1,054 1,212 1,231 1,033 1,482 827 0 1,349 1,272 1,127 1,269 782 739 657 604.0 514.6 559.9 473.4 451.8 366.5 444.9 358.1 244.6 204.5 167.6 146.6 130.6 111.3
Total Non-Current Assets 71,034 69,241 68,800 68,533 65,629 62,197 57,154 41,317 38,989 35,924 34,075 26,128 23,387 22,293 20,847 19,100 17,618 17,128 18,389 17,371 16,226 15,135 14,164 11,444 10,147 9,891.0 8,242.4 7,507.2 6,805.9 6,400.6 4,970.7 4,564.3 4,230.8 4,353.4 4,257.2 4,389.7 4,359.7 4,193.3 2,378.5 1,992 1,663.1
Total Assets 98,937 87,627 87,007 87,110 85,994 82,777 73,537 54,403 52,330 48,552 46,064 37,069 33,070 33,567 29,903 27,385 24,902 24,244 25,633 24,000 22,690 20,404 19,134 15,385 13,812 13,340.0 11,527.1 10,648.2 9,686.1 9,044.3 6,699 6,433.4 5,992.5 5,793.1 5,463.2 5,672.5 5,675.1 5,293.4 3,008.5 2,499.5 2,276.4
Current Liabilities
Account Payables 4,327 3,692 3,189 3,848 4,030 3,841 3,269 3,030 2,977 2,752 2,944 2,066 1,971 1,879 1,613 1,702 1,522 1,372 2,195 2,016 1,908 1,739 1,615 1,168 1,133 1,256 1,121 1,134.0 1,145.4 1,077.4 705.5 618.6 518.8 554.1 430.1 446.6 454.4 0 0 0 0
Short-Term Debt 5,101 1,428 68 126 50 50 0 964 1,342 22 29 19 1 251 417 18 262 653 502 639 850 369 750 308 6 221 7 14.9 257.5 356.6 8 255.4 198.2 133.8 155.3 202.7 70.1 69.2 69.1 60.4 73
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 5,725 1,648 1,916 1,647 1,780 2,277 1,133 1,316 1,679 1,483 1,494 1,091 1,010 1,199 938 1,250 1,146 861 1,118 0 0 (621) (1,615) (1,168) (1,133) (1,256) 0.4 0 0 893.2 639.1 776.5 602.3 761.4 799.5 844.5 715.7 1,019.8 502.9 443.3 358.9
Total Current Liabilities 18,912 15,411 13,355 13,586 14,274 13,660 10,344 9,013 9,627 7,918 8,008 5,956 5,312 5,750 5,374 4,882 4,645 4,524 5,368 5,428 5,473 4,734 4,807 3,335 2,853 3,250 2,892 2,784.8 2,803.8 2,470.7 1,506.5 1,650.5 1,450.1 1,449.3 1,384.9 1,493.8 1,240.2 1,089 572 503.7 431.9
Non-Current Liabilities
Long-Term Debt 23,293 19,151 20,135 20,453 19,746 20,304 21,518 16,617 15,243 14,909 13,733 7,249 4,736 2,739 1,250 1,667 1,668 1,930 1,506 2,007 1,592 2,427 2,837 1,709 1,800 1,900 1,776 1,359.7 1,385.2 1,598 1,325.3 1,324.7 1,632.2 1,882.3 1,797.8 1,826.8 2,148.1 2,138.9 838.7 744.9 561.7
Deferred Tax Liabilities 3,664 4,205 4,482 4,489 4,093 3,927 3,162 2,821 2,867 2,485 1,567 1,210 2,114 1,652 836 1,336 891 1,071 1,264 897 1,367 1,206 1,181 882 599 455.6 344.6 293.5 274.1 181.8 64 56 3.6 72.5 123.7 217.4 298.2 571.9 0 57.7 22.8
Other Non-Current Liabilities 6,872 6,514 6,400 7,164 8,019 6,914 7,589 8,096 5,056 7,030 8,712 6,942 5,425 5,801 7,465 4,034 3,620 2,804 2,654 2,669 2,374 2,049 1,922 1,716 1,531 1,834 1,729 1,546.6 1,261.7 1,292.6 1,227.1 1,156.6 981.9 717.6 577.1 465.9 339.4 0.1 267.1 114.3 168.3
Total Non-Current Liabilities 48,378 44,142 46,070 47,469 46,781 44,949 44,898 27,633 23,287 24,561 24,167 15,582 12,481 10,419 9,802 7,283 6,446 6,094 5,739 5,916 5,706 6,082 6,291 4,762 4,414 4,242 3,850 3,199.8 2,921.0 3,072.4 2,616.4 2,537.3 2,617.7 2,672.4 2,498.6 2,510.1 2,785.7 2,710.9 1,105.8 916.9 752.8
Total Liabilities 67,290 59,553 59,425 61,055 61,055 58,609 55,242 36,646 32,914 32,479 32,280 22,076 17,793 16,169 15,176 12,165 11,091 10,618 11,107 11,344 11,179 10,816 11,098 8,097 7,267 7,439.6 6,741.9 5,984.5 5,724.8 5,543.1 4,122.9 4,187.8 4,067.8 4,121.7 3,883.5 4,003.9 4,025.9 3,799.9 1,677.8 1,420.6 1,184.7
Stockholders' Equity
Common Stock 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 32 31 31 31 31 31 30 30 30 30 29.9 29.9 29.8 14.7 14.8 5.7 5.6 5.6 0 0 0 0 0 0 0 0
Retained Earnings 44,461 41,402 38,649 35,259 32,782 29,817 25,216 24,648 24,823 20,833 18,371 16,900 20,429 18,519 17,134 15,266 13,966 12,919 13,002 11,970 10,068 8,363 7,001 6,250 5,465 4,879.6 4,295.0 3,615.8 2,972.1 2,621.5 1,766.6 1,466.4 1,162.2 969.5 906.6 1,015.2 1,010.1 901.4 726 536.4 598.2
Accumulated Other Comprehensive Income (1,227) (1,362) (1,359) (1,327) (1,103) (732) (1,147) (865) (578) (415) (169) 172 (3,694) (3,820) (4,953) (2,550) (2,440) (1,373) (425) (1,030) (24) (17) (46) (30) (53) (55.8) (36.1) (24.7) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 31,647 28,074 27,582 26,088 24,939 24,168 18,295 17,757 19,416 16,073 13,784 14,993 15,277 17,398 14,727 15,220 13,811 13,626 14,526 12,656 11,511 9,588 8,036 7,288 6,545 5,900.4 4,785.2 4,663.7 3,961.2 3,501.2 2,576.1 2,245.6 1,924.7 1,671.4 1,579.7 1,668.6 1,649.2 1,493.5 1,330.7 1,078.9 1,091.7
Total Liabilities & Equity 98,937 87,627 87,007 87,143 85,994 82,777 73,537 54,403 52,330 48,552 46,064 37,069 33,070 33,567 29,903 27,385 24,902 24,244 25,633 24,000 22,690 20,404 19,134 15,385 13,812 13,340.0 11,527.1 10,648.2 9,686.1 9,044.3 6,699 6,433.4 5,992.5 5,793.1 5,463.2 5,672.5 5,675.1 5,293.4 3,008.5 2,499.5 2,276.4
Debt Metrics
Total Debt 42,943 37,416 37,719 38,332 37,194 36,462 36,121 17,581 16,585 14,931 13,867 7,268 4,737 2,990 1,667 1,685 1,930 2,583 2,008 2,646 2,442 2,796 3,587 2,017 1,806 2,121.5 1,782.8 1,374.6 1,642.7 1,954.7 1,333.3 1,580.1 1,830.4 2,016.1 1,953.1 2,029.5 2,218.2 2,208.1 907.8 805.3 634.7
Net Debt 29,632 31,914 31,218 31,476 30,297 29,375 31,240 15,262 13,320 10,962 10,333 3,505 1,829 (1,927) (1,176) (643) (22) 291 469 1,077 505 1,757 2,541 1,479 1,475 2,000.2 1,714.8 1,049.3 1,413.1 1,793.8 1,239.9 1,222.6 1,437.5 1,860.6 1,874.9 1,911.8 2,119.7 2,050.8 852.9 783.6 449.7
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990
Operating Activities
Net Income 4,433 4,092 4,331 3,972 3,826 5,231 1,286 540 4,572 2,997 1,820 1,050 2,097 1,561 2,032 1,452 1,184 98 1,125 2,016 1,806 1,449 838 830 710 584.4 688.3 631.3 498.2 361.2 307.8 297.6 204.4 109.8 (113.8) 5.9 115.8
Depreciation & Amortization 4,369 4,264 4,287 4,176 3,970 3,793 3,615 3,353 3,095 2,995 2,631 2,611 2,587 2,386 2,113 1,973 1,958 1,975 1,946 1,742 1,548 1,462 1,375 1,351 1,364 1,275.8 1,154.9 1,035.1 963.7 (777.4) (719.6) (652.3) (599.4) (579.9) (577.2) (534.5) (479.2)
Stock-Based Compensation 0 154 163 182 190 200 168 174 167 154 144 133 117 109 105 98 101 99 101 103 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (3,528) (4,713) (3,431) (3,173) (3,119) (1,872) (4,092) (2,491) (3,460) (2,202) (537) (437) (1,248) (535) (835) (332) (578) (1,002) (828) (441) (127) (98) 155 (854) 56 (10.1) (226.2) 105.8 97.2 (187.3) (140.9) 58.6 (71.2) (12.4) 99.1 109.3 (211.2)
Other Non-Cash Items 3,651 3,239 2,962 3,840 2,034 (104) 3,059 4,270 531 77 1,619 2,581 130 646 294 181 142 1,284 1,016 106 262 241 660 215 (32) 209.8 (38.4) (19.4) 68.7 1,544.2 1,439.2 1,304.5 1,195.8 1,154.1 1,156.2 1,082.4 942.8
Operating Cash Flow 8,925 7,036 8,312 8,815 9,832 10,135 5,097 5,613 4,674 4,930 5,708 5,366 4,264 4,688 4,835 4,041 3,138 2,753 3,484 3,563 3,676 3,117 3,020 1,871 2,228 2,043.8 1,625.2 1,772.1 1,706.4 1,007.5 946.6 1,030.7 767.3 725.1 520.8 787.4 516.3
Investing Activities
Capital Expenditure (3,809) (4,055) (5,176) (6,174) (6,763) (5,884) (5,868) (5,490) (5,663) (5,116) (4,818) (4,347) (3,533) (3,375) (4,007) (3,434) (2,816) (2,459) (2,947) (2,882) (2,518) (2,236) (1,271) (1,511) (1,615) (1,893.4) (1,627.4) (1,769.9) (1,880.2) (1,470.6) (1,412.2) (1,060.8) (1,087.7) (1,023.7) (915.9) (1,027.7) (1,164.1)
Acquisitions 97 115 114 84 94 (228) 22 (66) (56) 135 (4,618) (1,429) (36) (483) (116) (96) 0 (3) (4) (1,242) 64 (110) (2,392) 0 (35) (477.0) (257.1) 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (682) (262) (176) (84) (147) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 483 110 38 (84) (94) 0 0 0 0 (35) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 84 94 102 0 83 42 35 (10) 24 18 55 74 111 35 79 54 0 0 (2) 1 21 38 257.7 176.4 321.2 490.9 279.2 424 285.7 694.2 224.4 413.9 256.7 568
Investing Cash Flow (3,911) (4,092) (5,200) (6,174) (6,816) (6,010) (5,846) (5,473) (5,677) (4,981) (9,446) (5,752) (3,551) (3,803) (4,049) (3,419) (2,781) (2,383) (2,897) (4,124) (2,454) (2,348) (3,662) (1,490) (1,612) (2,112.7) (1,708.1) (1,448.8) (1,389.2) (1,191.4) (988.2) (775.1) (393.5) (799.3) (502) (771) (596.1)
Financing Activities
Net Debt Issuance 3,982 (157) (147) (152) (161) (2,106) 4,008 1,027 1,442 1,108 6,478 2,486 1,743 1,322 (29) (262) (653) 499 (639) 148 (369) (791) 1,280 (10) (320) 94 403 (269.4) (266.4) 423.7 (49.2) (304) (187.4) 141.2 (69.6) (5.7) (4.6)
Stock Repurchased (796) (3,017) (2,500) (1,500) (2,248) 0 (3) (1,480) (1,017) (509) (2,722) (1,254) (4,857) (246) (197) 0 0 0 0 0 0 0 (179) (186) (177) 0 (607) (8.2) 0 0 (12.4) 0 0 (0.5) (3.1) (23.6) (17.7)
Dividends Paid (1,374) (1,339) (1,259) (1,177) (793) (686) (679) (683) (535) (426) (277) (227) (187) (177) (164) (151) (138) (137) (124) (110) (97) (84) (66) (60) 0 0 0 0 (7.8) 0 0 0 0 0 0 0 0
Other Financing Activities (55) (30) (11) 1 (1) (38) (9) 97 337 355 (51) 344 25 5 18 18 5 (3) 38 40 (2) 0 0 1 3 (1) 14 (0.0) (6.9) (9.7) (4.9) (0.1) (2.7) (13.7) (5) 0.9 (1.6)
Financing Cash Flow 2,749 (4,019) (3,426) (2,597) (3,019) (2,090) 3,381 (1,039) 227 528 3,611 1,349 (2,719) 1,184 (244) (287) (692) 400 (617) 193 (324) (776) 1,150 (174) (406) 122.3 (174.5) (227.6) (247.2) 212.5 (222.5) (291) (136.3) 151.5 (58.4) 2.8 21
Cash Position
Net Change in Cash 7,809 (999) (355) (74) (190) 2,206 2,562 (946) (704) 435 (229) 855 (2,009) 2,074 515 376 (340) 753 (30) (368) 898 (7) 508 207 210 53.3 (257.4) 95.8 68.2 28.6 (264.1) (35.4) 237.4 151.5 (58.4) 2.8 21
Cash at Beginning 5,502 6,501 6,856 6,897 7,087 4,881 2,319 3,265 3,969 3,534 3,763 2,908 4,917 2,843 2,328 1,952 2,292 1,539 1,569 1,937 1,039 1,046 538 331 121 68.0 325.3 229.6 161.4 93.4 357.5 392.9 155.5 78.2 117.7 98.5 157.3
Cash at End 13,311 5,502 6,501 6,823 6,897 7,087 4,881 2,319 3,265 3,969 3,534 3,763 2,908 4,917 2,843 2,328 1,952 2,292 1,539 1,569 1,937 1,039 1,046 538 331 121.3 68.0 325.3 229.6 122 93.4 357.5 392.9 229.7 59.3 101.3 178.3
Free Cash Flow 5,116 2,981 3,136 2,641 3,069 4,251 (771) 123 (989) (186) 890 1,019 731 1,313 828 607 322 294 537 681 1,158 881 1,749 360 613 150.4 (2.2) 2.2 (173.8) (463.1) (465.6) (30.1) (320.4) (298.6) (395.1) (240.3) (647.8)
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 94,720 87,926 87,693 90,155 93,512 83,794 69,217 69,693 65,450 60,319 50,365 47,453 45,567 44,287 42,680 39,304 34,734 35,497 37,953 35,214 32,294 29,363 24,710 22,487 20,607 19,629.0 18,256.9 16,773.5 15,872.8 11,519.8 10,273.6 9,392.1 8,479.5 7,808 7,550.1 7,688.3 7,015.1 5,167 3,882.8 3,178.3 2,606.2
Gross Profit 20,622 18,995 18,952 19,166 20,167 17,789 13,344 14,827 14,102 13,765 11,826 10,748 9,373 8,883 8,710 7,789 6,841 7,083 8,253 8,031 7,499 6,692 20,874 18,881 17,047 16,328.9 15,179.5 15,376.8 14,587.2 5,501.2 5,004.2 4,850 5,234.8 4,752 4,491.2 4,373.7 3,938 3,399.9 1,718.7 2,212.1 1,926.9
Operating Income 6,623 6,082 6,355 5,338 6,523 6,018 2,852 4,786 5,129 5,425 3,515 2,340 3,446 3,211 3,320 2,467 2,016 1,951 2,957 3,276 3,014 2,471 1,440 1,471 1,321 1,070.9 1,221.1 1,163.1 1,010.7 (2,369.8) (2,021.9) (1,645.4) 134.9 1,524.6 1,690.8 1,647.7 1,378.9 435.3 378.9 371 194.5
Net Income 4,433 4,092 4,331 3,972 3,826 5,231 1,286 540 4,572 2,997 1,820 1,050 2,097 1,561 2,032 1,452 1,184 98 1,125 2,016 1,806 1,449 838 830 710 584.4 688.3 631.3 503.0 361.2 307.8 297.6 204.4 53.9 (113.8) 5.9 115.8 166.5 187.7 (65.5) 131.8
EPS (Diluted) 18.55 16.81 17.21 15.49 14.36 19.48 4.90 2.04 16.81 11.07 6.51 3.65 7.48 8.55 6.41 4.57 3.76 0.31 3.60 6.48 5.83 4.72 2.76 2.74 2.34 1.99 2.32 2.10 1.69 0.67 1.35 1.32 0.92 0.25 -0.53 0.03 0.55 0.80 0.89 -0.31 0.66
Balance Sheet
Cash & Equivalents 13,311 5,502 6,501 6,856 6,897 7,087 4,881 2,319 3,265 3,969 3,534 3,763 2,908 4,917 2,843 2,328 1,952 2,292 1,539 1,569 1,937 1,039 1,046 538 331 121.3 68.0 325.3 229.6 160.9 93.4 357.5 392.9 155.5 78.2 117.7 98.5 157.3 54.9 21.7 185
Total Assets 98,937 87,627 87,007 87,110 85,994 82,777 73,537 54,403 52,330 48,552 46,064 37,069 33,070 33,567 29,903 27,385 24,902 24,244 25,633 24,000 22,690 20,404 19,134 15,385 13,812 13,340.0 11,527.1 10,648.2 9,686.1 9,044.3 6,699 6,433.4 5,992.5 5,793.1 5,463.2 5,672.5 5,675.1 5,293.4 3,008.5 2,499.5 2,276.4
Total Debt 42,943 37,416 37,719 38,332 37,194 36,462 36,121 17,581 16,585 14,931 13,867 7,268 4,737 2,990 1,667 1,685 1,930 2,583 2,008 2,646 2,442 2,796 3,587 2,017 1,806 2,121.5 1,782.8 1,374.6 1,642.7 1,954.7 1,333.3 1,580.1 1,830.4 2,016.1 1,953.1 2,029.5 2,218.2 2,208.1 907.8 805.3 634.7
Stockholders' Equity 31,647 28,074 27,582 26,088 24,939 24,168 18,295 17,757 19,416 16,073 13,784 14,993 15,277 17,398 14,727 15,220 13,811 13,626 14,526 12,656 11,511 9,588 8,036 7,288 6,545 5,900.4 4,785.2 4,663.7 3,961.2 3,501.2 2,576.1 2,245.6 1,924.7 1,671.4 1,579.7 1,668.6 1,649.2 1,493.5 1,330.7 1,078.9 1,091.7
Cash Flow
Operating Cash Flow 8,925 7,036 8,312 8,815 9,832 10,135 5,097 5,613 4,674 4,930 5,708 5,366 4,264 4,688 4,835 4,041 3,138 2,753 3,484 3,563 3,676 3,117 3,020 1,871 2,228 2,043.8 1,625.2 1,772.1 1,706.4 1,007.5 946.6 1,030.7 767.3 725.1 520.8 787.4 516.3
Capital Expenditure (3,809) (4,055) (5,176) (6,174) (6,763) (5,884) (5,868) (5,490) (5,663) (5,116) (4,818) (4,347) (3,533) (3,375) (4,007) (3,434) (2,816) (2,459) (2,947) (2,882) (2,518) (2,236) (1,271) (1,511) (1,615) (1,893.4) (1,627.4) (1,769.9) (1,880.2) (1,470.6) (1,412.2) (1,060.8) (1,087.7) (1,023.7) (915.9) (1,027.7) (1,164.1)
Free Cash Flow 5,116 2,981 3,136 2,641 3,069 4,251 (771) 123 (989) (186) 890 1,019 731 1,313 828 607 322 294 537 681 1,158 881 1,749 360 613 150.4 (2.2) 2.2 (173.8) (463.1) (465.6) (30.1) (320.4) (298.6) (395.1) (240.3) (647.8)