Form 10-K · Annual report
FedEx 10-K, filed Jul 20, 2026
- Filed
- CIK
- 0001048911
- Accession no.
- 0001048911-26-000105
Summary
FedEx completed the spin-off of FedEx Freight on June 1, 2026, and is seeking refunds of tariffs imposed under the International Emergency Economic Powers Act after the U.S. Supreme Court invalidated them. FedEx also began returning its Boeing MD-11 fleet to service in May 2026 after an FAA emergency airworthiness directive grounded the fleet.
Key points
- FedEx completed the spin-off of FedEx Freight on June 1, 2026, and no longer consolidates FedEx Freight.
- FedEx filed a lawsuit in the U.S. Court of International Trade on February 23, 2026, against U.S. Customs and Border Protection seeking full refunds of IEEPA tariffs paid, and as of May 31, 2026 had submitted $3.3 billion in refund claims and received about $800 million in cash refunds.
- Fourteen nationwide class action lawsuits seeking refunds of IEEPA tariffs from FedEx were filed; thirteen were consolidated in Tennessee federal court and one is pending in the Court of International Trade.
- The FAA issued an emergency airworthiness directive in November 2025 grounding Boeing MD-11 aircraft; FedEx began returning its MD-11 fleet to service in May 2026 and expects full return by the end of calendar year 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION ORGANIZATION OF INFORMATION This Management’s Discussion and Analysis of Results of Operations and Financial Condition (“MD&A”) of FedEx Corporation (“FedEx”) is composed of three major sections: Results of Operations and Outlook, Financial Condition, and Critical Accounting Estimates. These sections include the following information: •Results of operations includes an overview of our consolidated 2026 results compared to 2025 results. This section also includes a discussion of key actions and events that impacted our results. …
An excerpt of the text as filed with the SEC, cut for length.
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