v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2024
May 31, 2023
May 31, 2022
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
​ ​ ​ ​ ​ ​ ​ ​ ​ ​
AVERAGE
SUMMARY
COMPENSATION
TABLE TOTAL
FOR NON-CEO
NEOs
($)(3)
 ​ ​
AVERAGE
COMPENSATION
ACTUALLY
PAID TO
NON-CEO NEOs
($)(4)
 ​ ​
VALUE OF INITIAL
FIXED $100 INVESTMENT
BASED ON:
 ​ ​ ​ ​ ​
ADJUSTED
CONSOLIDATED
OPERATING
INCOME (IN
MILLIONS)
($)(8)
 ​
​
YEAR
​ ​
SUMMARY
COMPENSATION
TABLE TOTAL
($)(1)
 ​ ​
COMPENSATION
ACTUALLY PAID
TO CEO
($)(2)
 ​ ​
FEDEX
TSR
($)(5)
 ​ ​
DOW JONES
TRANSPORTATION
AVERAGE TSR
($)(6)
 ​ ​
NET
INCOME
(IN MILLIONS)
($)(7)
 ​
​ 2026 ​ ​ ​ ​ 27,554,018 ​ ​ ​ ​ ​ 51,307,097 ​ ​ ​ ​ ​ 10,700,186 ​ ​ ​ ​ ​ 15,289,709 ​ ​ ​ ​ ​ 144.29 ​ ​ ​ ​ ​ 135.97 ​ ​ ​ ​ ​ 4,433 ​ ​ ​ ​ ​ 6,611 ​ ​
​ 2025 ​ ​ ​ ​ 12,873,691 ​ ​ ​ ​ ​ 7,273,193 ​ ​ ​ ​ ​ 5,637,869 ​ ​ ​ ​ ​ 3,590,384 ​ ​ ​ ​ ​ 74.76 ​ ​ ​ ​ ​ 93.26 ​ ​ ​ ​ ​ 4,092 ​ ​ ​ ​ ​ 6,120 ​ ​
​ 2024 ​ ​ ​ ​ 12,382,507 ​ ​ ​ ​ ​ 15,909,634 ​ ​ ​ ​ ​ 5,498,440 ​ ​ ​ ​ ​ 5,688,059 ​ ​ ​ ​ ​ 85.24 ​ ​ ​ ​ ​ 96.74 ​ ​ ​ ​ ​ 4,331 ​ ​ ​ ​ ​ 6,235 ​ ​
​ 2023 ​ ​ ​ ​ 13,249,823 ​ ​ ​ ​ ​ 12,796,020 ​ ​ ​ ​ ​ 6,296,043 ​ ​ ​ ​ ​ 5,689,551 ​ ​ ​ ​ ​ 71.69 ​ ​ ​ ​ ​ 87.08 ​ ​ ​ ​ ​ 3,972 ​ ​ ​ ​ ​ 4,948 ​ ​
​ 2022 ​ ​ ​ ​ 10,596,150 ​ ​ ​ ​ ​ (19,560,048) ​ ​ ​ ​ ​ 4,131,008 ​ ​ ​ ​ ​ (1,388,125) ​ ​ ​ ​ ​ 72.20 ​ ​ ​ ​ ​ 90.80 ​ ​ ​ ​ ​ 3,826 ​ ​ ​ ​ ​ 6,733 ​ ​
(1)
Reflects total compensation amounts for Mr. Subramaniam for fiscal 2026, 2025, 2024, and 2023 and Frederick W. Smith for fiscal 2022 reported in the proxy statements reporting pay for the fiscal years covered in the table above.
​
(2)
Reflects “compensation actually paid” to Mr. Subramaniam in fiscal 2026, 2025, 2024, and 2023 and Mr. Smith in fiscal 2022, as determined in accordance with Item 402(v) of Regulation S-K for each year, adjusted in accordance with Item 402(v) of Regulation S-K as set forth in the table below. These dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Subramaniam in fiscal 2026, 2025, 2024, or 2023 or Mr. Smith in fiscal 2022. For information regarding the decisions made by our Compensation & HR Committee relating to CEO compensation for each fiscal year, please see the “Executive Compensation — Compensation Discussion & Analysis” sections of the proxy statements reporting pay for the fiscal years covered in the table above.
​
​
YEAR
​ ​
2022
 ​ ​
2023
 ​ ​
2024
 ​ ​
2025
 ​ ​
2026
 ​
​ CEO ​ ​
F.W. Smith
 ​ ​
R. Subramaniam
 ​ ​
R. Subramaniam
 ​ ​
R. Subramaniam
 ​ ​
R. Subramaniam
 ​
​ SCT Total Compensation ($) ​ ​ ​ ​ 10,596,150 ​ ​ ​ ​ ​ 13,249,823 ​ ​ ​ ​ ​ 12,382,507 ​ ​ ​ ​ ​ 12,873,691 ​ ​ ​ ​ ​ 27,554,018 ​ ​
​ Less: Stock and Option Award Values Reported in SCT for the Covered Year ($) ​ ​ ​ ​ (7,160,341) ​ ​ ​ ​ ​ (5,964,153) ​ ​ ​ ​ ​ (5,964,665) ​ ​ ​ ​ ​ (5,964,862) ​ ​ ​ ​ ​ (10,446,426) ​ ​
​ Plus: Year End Fair Value for
Stock and Option Awards
Granted in the Covered Year ($) 		​ ​ ​ ​ 4,378,639 ​ ​ ​ ​ ​ 6,029,546 ​ ​ ​ ​ ​ 7,017,566 ​ ​ ​ ​ ​ 3,466,167 ​ ​ ​ ​ ​ 23,029,576 ​ ​
​ Change in Fair Value of Outstanding Unvested Stock, and Option Awards from Prior Years ($) ​ ​ ​ ​ (24,455,363) ​ ​ ​ ​ ​ (484,674) ​ ​ ​ ​ ​ 1,826,533 ​ ​ ​ ​ ​ (3,150,182) ​ ​ ​ ​ ​ 11,328,577 ​ ​
​ Change in Fair Value of Stock,
and Option Awards from Prior
Years that Vested in the Covered
Year ($) 		​ ​ ​ ​ (2,970,262) ​ ​ ​ ​ ​ 69,188 ​ ​ ​ ​ ​ 784,265 ​ ​ ​ ​ ​ 282,904 ​ ​ ​ ​ ​ 235,065 ​ ​
​ Less: Fair Value of Stock, and Option Awards that failed to meet Vesting Conditions in the Covered Year ($) ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($) ​ ​ ​ ​ — ​ ​ ​ ​ ​ (209,016) ​ ​ ​ ​ ​ (247,803) ​ ​ ​ ​ ​ (386,862) ​ ​ ​ ​ ​ (516,026) ​ ​
​ Plus: Aggregate Service Cost and
Prior Service Cost for Pension
Plans ($) 		​ ​ ​ ​ 51,129 ​ ​ ​ ​ ​ 105,306 ​ ​ ​ ​ ​ 111,231 ​ ​ ​ ​ ​ 152,337 ​ ​ ​ ​ ​ 122,313 ​ ​
​ Compensation Actually Paid ($) ​ ​ ​ ​ (19,560,048) ​ ​ ​ ​ ​ 12,796,020 ​ ​ ​ ​ ​ 15,909,634 ​ ​ ​ ​ ​ 7,273,193 ​ ​ ​ ​ ​ 51,307,097 ​ ​
Equity Valuations: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant in accordance with the Financial Accounting Standards Board Accounting Standards Codification Topic 718 as of the end of the respective fiscal year. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Time-vested restricted stock awards grant date fair values are calculated using the stock price as of the date of grant. Adjustments have been made using the stock price as of fiscal year-end and as of each vesting date. Performance share unit (PSU) awards are valued using the stock price as of each measurement date multiplied by the estimated performance factor, which reflects the probable payout percentage based on the expected level of achievement of the applicable performance goals as determined by the Company. The aggregate change in actuarial present value of accumulated benefits under pension plans reflects the amount reported for the applicable year in the Summary Compensation Table. Stock award valuations include reinvested dividends where applicable.
(3)
Reflects the average total compensation amounts reported in the Summary Compensation Table for the following non-CEO named executive officers for the indicated years:
​
2022: Messrs. Colleran, Subramaniam, Carter, and Lenz.
2023: Messrs. F.W. Smith, Carter, Lenz, and Mark R. Allen.
2024: Messrs. Krishnasamy, Allen, Carter, Dietrich, and Lenz.
2025: Messrs. Krishnasamy, J.A. Smith, and Dietrich and Ms. Carere.
2026: Messrs. Krishnasamy, Dietrich, and Talwar and Mses. Brightman and Carere.
(4)
Reflects the average of the “compensation actually paid” to our non-CEO named executive officers in each of fiscal 2022, 2023, 2024, 2025, and 2026 as determined in accordance with Item 402(v) of Regulation S-K for each year, adjusted in accordance with Item 402(v) of Regulation S-K as set forth in the table below. These dollar amounts do not reflect the actual amount of compensation earned by or paid to our non-CEO named executive officers during the applicable year. For information regarding the decisions made by our Compensation & HR Committee with respect the compensation of the non-CEO named executive officers for each fiscal year, please see the “Executive Compensation — Compensation Discussion & Analysis” sections of the proxy statements reporting pay for the fiscal years covered in the table above.
​
​
YEAR
​ ​
2022
AVERAGE
 ​ ​
2023
AVERAGE
 ​ ​
2024
AVERAGE
 ​ ​
2025
AVERAGE
 ​ ​
2026
AVERAGE
 ​
​ Non-CEO NEOs(3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ SCT Total Compensation ($) ​ ​ ​ ​ 4,131,008 ​ ​ ​ ​ ​ 6,296,043 ​ ​ ​ ​ ​ 5,498,440 ​ ​ ​ ​ ​ 5,637,869 ​ ​ ​ ​ ​ 10,700,186 ​ ​
​ Less: Stock, and Option Award Values Reported in SCT
for the Covered Year ($) 		​ ​ ​ ​ (2,061,624) ​ ​ ​ ​ ​ (1,670,867) ​ ​ ​ ​ ​ (2,300,849) ​ ​ ​ ​ ​ (2,743,298) ​ ​ ​ ​ ​ (4,640,026) ​ ​
​ Plus: Year End Fair Value for Stock, and Option Awards
Granted in the Covered Year ($) 		​ ​ ​ ​ 1,381,663 ​ ​ ​ ​ ​ 1,685,166 ​ ​ ​ ​ ​ 2,000,364 ​ ​ ​ ​ ​ 1,559,936 ​ ​ ​ ​ ​ 6,466,755 ​ ​
​ Change in Fair Value of Outstanding Unvested Stock, and Option Awards from Prior Years ($) ​ ​ ​ ​ (4,374,850) ​ ​ ​ ​ ​ (605,233) ​ ​ ​ ​ ​ 437,425 ​ ​ ​ ​ ​ (866,569) ​ ​ ​ ​ ​ 2,013,736 ​ ​
​ Change in Fair Value of Stock, and Option Awards from
Prior Years that Vested in the Covered Year ($) 		​ ​ ​ ​ (443,261) ​ ​ ​ ​ ​ (33,347) ​ ​ ​ ​ ​ 294,355 ​ ​ ​ ​ ​ 99,626 ​ ​ ​ ​ ​ 160,789 ​ ​
​ Fair Value as of Vesting Date of Stock, and Option Awards Granted and Vested in the Covered Year ($) ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 214,520 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 617,392 ​ ​
​ Fair Value of Stock, and Option Awards that Failed to Meet Vesting Conditions in the Covered Year ($) ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (449,288) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($) ​ ​ ​ ​ (94,867) ​ ​ ​ ​ ​ (34,030) ​ ​ ​ ​ ​ (51,743) ​ ​ ​ ​ ​ (156,083) ​ ​ ​ ​ ​ (62,460) ​ ​
​ Plus: Aggregate Service Cost and Prior Service Cost for
Pension Plans ($) 		​ ​ ​ ​ 73,806 ​ ​ ​ ​ ​ 51,819 ​ ​ ​ ​ ​ 44,835 ​ ​ ​ ​ ​ 58,904 ​ ​ ​ ​ ​ 33,337 ​ ​
​ Compensation Actually Paid ($) ​ ​ ​ ​ (1,388,125) ​ ​ ​ ​ ​ 5,689,551 ​ ​ ​ ​ ​ 5,688,059 ​ ​ ​ ​ ​ 3,590,384 ​ ​ ​ ​ ​ 15,289,709 ​ ​
Equity Valuations: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant in accordance with the Financial Accounting Standards Board Accounting Standards Codification Topic 718 as of the end of the respective fiscal year. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Time-based restricted stock award grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of fiscal year-end and as of each vesting date. Performance share unit (PSU) awards are valued using the stock price as of each measurement date multiplied by the estimated performance factor, which reflects the probable payout percentage based on the expected level of achievement of the applicable performance goals as determined by the Company. The aggregate change in actuarial present value of accumulated benefits under pension plans reflects the amount reported for the applicable year in the Summary Compensation Table. Stock award valuations include reinvested dividends where applicable.
(5)
For the relevant fiscal year, represents the cumulative total shareholder return (TSR) of FedEx for the measurement periods ending May 31, 2026, 2025, 2024, 2023, and 2022, respectively.
​
(6)
For the relevant fiscal year, represents the cumulative TSR of the Dow Jones Transportation Average (“Peer Group TSR”) for the measurement periods ending May 31, 2026, 2025, 2024, 2023, and 2022, respectively.
​
(7)
Reflects “Net Income” in FedEx’s audited consolidated income statements included in our Annual Reports on Form 10-K for fiscal 2026, 2025, 2024, 2023, and 2022.
​
(8)
Company-selected measure is adjusted consolidated operating income, as used in our AIC plans. See “Executive Compensation — Compensation Discussion and Analysis — Compensation Components” for a discussion of how adjusted consolidated operating income is used in our executive compensation program. See Appendix C for a reconciliation of adjusted consolidated operating income to the most directly comparable GAAP measure for fiscal 2026, 2025, 2024, 2023, and 2022.
       
Company Selected Measure Name adjusted consolidated operating income        
Named Executive Officers, Footnote
(1)
Reflects total compensation amounts for Mr. Subramaniam for fiscal 2026, 2025, 2024, and 2023 and Frederick W. Smith for fiscal 2022 reported in the proxy statements reporting pay for the fiscal years covered in the table above.
(3)
Reflects the average total compensation amounts reported in the Summary Compensation Table for the following non-CEO named executive officers for the indicated years:
​
2022: Messrs. Colleran, Subramaniam, Carter, and Lenz.
2023: Messrs. F.W. Smith, Carter, Lenz, and Mark R. Allen.
2024: Messrs. Krishnasamy, Allen, Carter, Dietrich, and Lenz.
2025: Messrs. Krishnasamy, J.A. Smith, and Dietrich and Ms. Carere.
2026: Messrs. Krishnasamy, Dietrich, and Talwar and Mses. Brightman and Carere.
       
Peer Group Issuers, Footnote
(6)
For the relevant fiscal year, represents the cumulative TSR of the Dow Jones Transportation Average (“Peer Group TSR”) for the measurement periods ending May 31, 2026, 2025, 2024, 2023, and 2022, respectively.
       
PEO Total Compensation Amount $ 27,554,018 $ 12,873,691 $ 12,382,507 $ 13,249,823 $ 10,596,150
PEO Actually Paid Compensation Amount $ 51,307,097 7,273,193 15,909,634 12,796,020 (19,560,048)
Adjustment To PEO Compensation, Footnote
(2)
Reflects “compensation actually paid” to Mr. Subramaniam in fiscal 2026, 2025, 2024, and 2023 and Mr. Smith in fiscal 2022, as determined in accordance with Item 402(v) of Regulation S-K for each year, adjusted in accordance with Item 402(v) of Regulation S-K as set forth in the table below. These dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Subramaniam in fiscal 2026, 2025, 2024, or 2023 or Mr. Smith in fiscal 2022. For information regarding the decisions made by our Compensation & HR Committee relating to CEO compensation for each fiscal year, please see the “Executive Compensation — Compensation Discussion & Analysis” sections of the proxy statements reporting pay for the fiscal years covered in the table above.
​
​
YEAR
​ ​
2022
 ​ ​
2023
 ​ ​
2024
 ​ ​
2025
 ​ ​
2026
 ​
​ CEO ​ ​
F.W. Smith
 ​ ​
R. Subramaniam
 ​ ​
R. Subramaniam
 ​ ​
R. Subramaniam
 ​ ​
R. Subramaniam
 ​
​ SCT Total Compensation ($) ​ ​ ​ ​ 10,596,150 ​ ​ ​ ​ ​ 13,249,823 ​ ​ ​ ​ ​ 12,382,507 ​ ​ ​ ​ ​ 12,873,691 ​ ​ ​ ​ ​ 27,554,018 ​ ​
​ Less: Stock and Option Award Values Reported in SCT for the Covered Year ($) ​ ​ ​ ​ (7,160,341) ​ ​ ​ ​ ​ (5,964,153) ​ ​ ​ ​ ​ (5,964,665) ​ ​ ​ ​ ​ (5,964,862) ​ ​ ​ ​ ​ (10,446,426) ​ ​
​ Plus: Year End Fair Value for
Stock and Option Awards
Granted in the Covered Year ($) 		​ ​ ​ ​ 4,378,639 ​ ​ ​ ​ ​ 6,029,546 ​ ​ ​ ​ ​ 7,017,566 ​ ​ ​ ​ ​ 3,466,167 ​ ​ ​ ​ ​ 23,029,576 ​ ​
​ Change in Fair Value of Outstanding Unvested Stock, and Option Awards from Prior Years ($) ​ ​ ​ ​ (24,455,363) ​ ​ ​ ​ ​ (484,674) ​ ​ ​ ​ ​ 1,826,533 ​ ​ ​ ​ ​ (3,150,182) ​ ​ ​ ​ ​ 11,328,577 ​ ​
​ Change in Fair Value of Stock,
and Option Awards from Prior
Years that Vested in the Covered
Year ($) 		​ ​ ​ ​ (2,970,262) ​ ​ ​ ​ ​ 69,188 ​ ​ ​ ​ ​ 784,265 ​ ​ ​ ​ ​ 282,904 ​ ​ ​ ​ ​ 235,065 ​ ​
​ Less: Fair Value of Stock, and Option Awards that failed to meet Vesting Conditions in the Covered Year ($) ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($) ​ ​ ​ ​ — ​ ​ ​ ​ ​ (209,016) ​ ​ ​ ​ ​ (247,803) ​ ​ ​ ​ ​ (386,862) ​ ​ ​ ​ ​ (516,026) ​ ​
​ Plus: Aggregate Service Cost and
Prior Service Cost for Pension
Plans ($) 		​ ​ ​ ​ 51,129 ​ ​ ​ ​ ​ 105,306 ​ ​ ​ ​ ​ 111,231 ​ ​ ​ ​ ​ 152,337 ​ ​ ​ ​ ​ 122,313 ​ ​
​ Compensation Actually Paid ($) ​ ​ ​ ​ (19,560,048) ​ ​ ​ ​ ​ 12,796,020 ​ ​ ​ ​ ​ 15,909,634 ​ ​ ​ ​ ​ 7,273,193 ​ ​ ​ ​ ​ 51,307,097 ​ ​
Equity Valuations: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant in accordance with the Financial Accounting Standards Board Accounting Standards Codification Topic 718 as of the end of the respective fiscal year. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Time-vested restricted stock awards grant date fair values are calculated using the stock price as of the date of grant. Adjustments have been made using the stock price as of fiscal year-end and as of each vesting date. Performance share unit (PSU) awards are valued using the stock price as of each measurement date multiplied by the estimated performance factor, which reflects the probable payout percentage based on the expected level of achievement of the applicable performance goals as determined by the Company. The aggregate change in actuarial present value of accumulated benefits under pension plans reflects the amount reported for the applicable year in the Summary Compensation Table. Stock award valuations include reinvested dividends where applicable.
       
Non-PEO NEO Average Total Compensation Amount $ 10,700,186 5,637,869 5,498,440 6,296,043 4,131,008
Non-PEO NEO Average Compensation Actually Paid Amount $ 15,289,709 3,590,384 5,688,059 5,689,551 (1,388,125)
Adjustment to Non-PEO NEO Compensation Footnote
(4)
Reflects the average of the “compensation actually paid” to our non-CEO named executive officers in each of fiscal 2022, 2023, 2024, 2025, and 2026 as determined in accordance with Item 402(v) of Regulation S-K for each year, adjusted in accordance with Item 402(v) of Regulation S-K as set forth in the table below. These dollar amounts do not reflect the actual amount of compensation earned by or paid to our non-CEO named executive officers during the applicable year. For information regarding the decisions made by our Compensation & HR Committee with respect the compensation of the non-CEO named executive officers for each fiscal year, please see the “Executive Compensation — Compensation Discussion & Analysis” sections of the proxy statements reporting pay for the fiscal years covered in the table above.
​
​
YEAR
​ ​
2022
AVERAGE
 ​ ​
2023
AVERAGE
 ​ ​
2024
AVERAGE
 ​ ​
2025
AVERAGE
 ​ ​
2026
AVERAGE
 ​
​ Non-CEO NEOs(3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ SCT Total Compensation ($) ​ ​ ​ ​ 4,131,008 ​ ​ ​ ​ ​ 6,296,043 ​ ​ ​ ​ ​ 5,498,440 ​ ​ ​ ​ ​ 5,637,869 ​ ​ ​ ​ ​ 10,700,186 ​ ​
​ Less: Stock, and Option Award Values Reported in SCT
for the Covered Year ($) 		​ ​ ​ ​ (2,061,624) ​ ​ ​ ​ ​ (1,670,867) ​ ​ ​ ​ ​ (2,300,849) ​ ​ ​ ​ ​ (2,743,298) ​ ​ ​ ​ ​ (4,640,026) ​ ​
​ Plus: Year End Fair Value for Stock, and Option Awards
Granted in the Covered Year ($) 		​ ​ ​ ​ 1,381,663 ​ ​ ​ ​ ​ 1,685,166 ​ ​ ​ ​ ​ 2,000,364 ​ ​ ​ ​ ​ 1,559,936 ​ ​ ​ ​ ​ 6,466,755 ​ ​
​ Change in Fair Value of Outstanding Unvested Stock, and Option Awards from Prior Years ($) ​ ​ ​ ​ (4,374,850) ​ ​ ​ ​ ​ (605,233) ​ ​ ​ ​ ​ 437,425 ​ ​ ​ ​ ​ (866,569) ​ ​ ​ ​ ​ 2,013,736 ​ ​
​ Change in Fair Value of Stock, and Option Awards from
Prior Years that Vested in the Covered Year ($) 		​ ​ ​ ​ (443,261) ​ ​ ​ ​ ​ (33,347) ​ ​ ​ ​ ​ 294,355 ​ ​ ​ ​ ​ 99,626 ​ ​ ​ ​ ​ 160,789 ​ ​
​ Fair Value as of Vesting Date of Stock, and Option Awards Granted and Vested in the Covered Year ($) ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 214,520 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 617,392 ​ ​
​ Fair Value of Stock, and Option Awards that Failed to Meet Vesting Conditions in the Covered Year ($) ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (449,288) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($) ​ ​ ​ ​ (94,867) ​ ​ ​ ​ ​ (34,030) ​ ​ ​ ​ ​ (51,743) ​ ​ ​ ​ ​ (156,083) ​ ​ ​ ​ ​ (62,460) ​ ​
​ Plus: Aggregate Service Cost and Prior Service Cost for
Pension Plans ($) 		​ ​ ​ ​ 73,806 ​ ​ ​ ​ ​ 51,819 ​ ​ ​ ​ ​ 44,835 ​ ​ ​ ​ ​ 58,904 ​ ​ ​ ​ ​ 33,337 ​ ​
​ Compensation Actually Paid ($) ​ ​ ​ ​ (1,388,125) ​ ​ ​ ​ ​ 5,689,551 ​ ​ ​ ​ ​ 5,688,059 ​ ​ ​ ​ ​ 3,590,384 ​ ​ ​ ​ ​ 15,289,709 ​ ​
Equity Valuations: Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant in accordance with the Financial Accounting Standards Board Accounting Standards Codification Topic 718 as of the end of the respective fiscal year. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Time-based restricted stock award grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of fiscal year-end and as of each vesting date. Performance share unit (PSU) awards are valued using the stock price as of each measurement date multiplied by the estimated performance factor, which reflects the probable payout percentage based on the expected level of achievement of the applicable performance goals as determined by the Company. The aggregate change in actuarial present value of accumulated benefits under pension plans reflects the amount reported for the applicable year in the Summary Compensation Table. Stock award valuations include reinvested dividends where applicable.
       
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid vs. FedEx and Peer Group TSR
[MISSING IMAGE: bc_peergrouptsr-pn.jpg]
       
Compensation Actually Paid vs. Net Income
Compensation Actually Paid vs. GAAP Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid vs. Adjusted Consolidated Operating Income
[MISSING IMAGE: bc_operatingincome-pn.jpg]
       
Total Shareholder Return Vs Peer Group
Compensation Actually Paid vs. FedEx and Peer Group TSR
[MISSING IMAGE: bc_peergrouptsr-pn.jpg]
       
Tabular List, Table
Listed below are the financial and non-financial performance measures which in our assessment represent the most important financial performance measures we used to link compensation actually paid to our named executive officers, for fiscal 2026, to company performance.
[MISSING IMAGE: ic_proposal-pn.jpg]
Adjusted consolidated operating income;
​
[MISSING IMAGE: ic_proposal-pn.jpg]
Adjusted EPS;
​
[MISSING IMAGE: ic_proposal-pn.jpg]
CapEx/Revenue;
​
[MISSING IMAGE: ic_proposal-pn.jpg]
Relative TSR; and
​
[MISSING IMAGE: ic_proposal-pn.jpg]
ROIC.
       
Total Shareholder Return Amount $ 144.29 74.76 85.24 71.69 72.2
Peer Group Total Shareholder Return Amount 135.97 93.26 96.74 87.08 90.8
Net Income (Loss) $ 4,433 $ 4,092 $ 4,331 $ 3,972 $ 3,826
Company Selected Measure Amount 6,611 6,120 6,235 4,948 6,733
PEO Name Mr. Subramaniam        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted consolidated operating income        
Non-GAAP Measure Description
(8)
Company-selected measure is adjusted consolidated operating income, as used in our AIC plans. See “Executive Compensation — Compensation Discussion and Analysis — Compensation Components” for a discussion of how adjusted consolidated operating income is used in our executive compensation program. See Appendix C for a reconciliation of adjusted consolidated operating income to the most directly comparable GAAP measure for fiscal 2026, 2025, 2024, 2023, and 2022.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted EPS        
Measure:: 3          
Pay vs Performance Disclosure          
Name CapEx/Revenue        
Measure:: 4          
Pay vs Performance Disclosure          
Name Relative TSR        
Measure:: 5          
Pay vs Performance Disclosure          
Name ROIC        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (516,026) $ (386,862) $ (247,803) $ (209,016)
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 122,313 152,337 111,231 105,306 51,129
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (10,446,426) (5,964,862) (5,964,665) (5,964,153) (7,160,341)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 23,029,576 3,466,167 7,017,566 6,029,546 4,378,639
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 11,328,577 (3,150,182) 1,826,533 (484,674) (24,455,363)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 235,065 282,904 784,265 69,188 (2,970,262)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (62,460) (156,083) (51,743) (34,030) (94,867)
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 33,337 58,904 44,835 51,819 73,806
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,640,026) (2,743,298) (2,300,849) (1,670,867) (2,061,624)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,466,755 1,559,936 2,000,364 1,685,166 1,381,663
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,013,736 (866,569) 437,425 (605,233) (4,374,850)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 617,392 214,520
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 160,789 99,626 294,355 (33,347) (443,261)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (449,288)