Global express network operator
FedEx
FedEx earns revenue from parcel, express, freight transportation, and supply-chain services. It spends on aircraft, transportation networks, and information technology while investing in automation and overseas delivery infrastructure.
FDX Updated Sep 11, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, FedEx is directly linked to 6 companies (3 supply, 3 revenue relationships) and reaches 54 companies within two hops; the links are backed by 12 dated sources, 2 of them primary filings (as of 2026-09-11).
Annual return · 2026-09-04'21+0.7%'22-31.6%'23+49.1%'24+13.5%'25+5.1%YTD+39.6%
FedExFY2026 total revenue of $94.72 billion
Financials & Segments
- Total revenue · FY2026 total revenue of $94.72 billion
- Segments · Federal Express · FedEx Freight · Other and eliminations
Revenue from
- United States Federal Government High confidence· Contract value $2.7B (est.) · 2026-10-01/2030-09-30 · Estimated face value of the FedEx NGDS-2 option-period modification, not obligated spending
The U.S. federal government purchases FedEx domestic and international express and ground parcel services through NGDS-2. The announced estimated face value of the 2026 option-period modification is $2,724,967,306, while actual revenue depends on decentralized task orders. - AutoZone High confidence
FedEx provided delivery services to AutoZone and identified the company as an early customer for its late-order next-day and two-day delivery service, while neither party disclosed the transaction value.Confirms EN FedEx Newsroom Published Dec 17, 2018: FedEx Expands E-Commerce Portfolio with ‘FedEx Extra Hours’ Delivery Options for Retail Customers - Amazon Medium confidence
Amazon signed a multiyear agreement for FedEx to deliver select large packages to U.S. residences. The contract value and expected volume were not disclosed.Confirms EN FreightWaves Published May 13, 2025: Amazon taps FedEx for big-and-bulky residential deliveriesMentions KO ZDNet Korea Published May 13, 2025: Amazon signs large-package delivery agreement with FedEx - W. W. Grainger Medium confidence
FedEx is identified as one of Grainger's major delivery providers in the seller's official export FAQ, which says Grainger contracts an integrated transportation provider, and is also listed as an international express shipping option in its export policy, but the current payment amount is not disclosed.
Pays to
- Textron High confidence· Count 11 aircraft · as of 2026-05-31 · Committed Cessna SkyCourier 408 purchases as of May 31, 2026
FedEx procures Cessna SkyCourier 408 aircraft from Textron subsidiary Textron Aviation for feeder routes serving smaller markets. It had commitments for 11 additional aircraft as of May 31, 2026.Confirms EN Textron Aviation Published May 9, 2022: Textron Aviation celebrates first delivery of the new Cessna SkyCourier to launch customer FedEx Express - Boeing High confidence· Count 10 aircraft · as of 2026-05-31 · Committed Boeing B777F purchases as of May 31, 2026
FedEx procures Boeing 777 freighters to modernize its long-haul international cargo network. Purchase commitments totaled 10 aircraft as of May 31, 2026, and the relationship is corroborated by the filing, an English logistics analysis, and a Korean aircraft-market report.Mentions EN FreightWaves Published Mar 21, 2025: FedEx orders Boeing 777 and ATR cargo aircraft, delays MD-11 retirementsMentions KO Korea Ministry of Land, Infrastructure and Transport Aviation Information Portal Published Feb 18, 2022: Commercial Aircraft Market Outlook - Union Pacific Corporation Medium confidence
FedEx increased its use of Union Pacific as a premium intermodal customer during the 2025 holiday peak, while customer-specific revenue and volume were not disclosed.Confirms EN Union Pacific Published Feb 9, 2026: Union Pacific Delivers Third Consecutive Perfect Peak Season
Investments
- InPost S.A. High confidence· Amount €2.2B · conditional offer announced 2026 · Estimated value of FedEx's investment for a 37% post-offer stake in InPost
FedEx joined a conditional consortium tender offer that would leave it with a 37% stake in Polish parcel and locker operator InPost. The transaction remains subject to regulatory approvals and other conditions, and FedEx's portion is valued at approximately €2.2 billion.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| CrowdStrike | lead2 | -3.3 | -48.6 | +142.5 | +34 | +37 | +81.8 |
| Palo Alto Networks | lead2 | +56.7 | -24.8 | +111.3 | +23.4 | +1.2 | +80.9 |
| Illumina | lead2 | +2.8 | -46.9 | -31.1 | -1.3 | -1.8 | +66.4 |
| Datadog | lead2 | +80.9 | -58.7 | +65.1 | +17.7 | -4.8 | +56.6 |
| Snowflake | lead2 | +20.4 | -57.6 | +38.6 | -22.4 | +42.1 | +53.7 |
| Schlumberger | lead2 | +39.6 | +81.2 | -0.8 | -24.5 | +3.3 | +52.3 |
| Airbnb Inc | lead2 | · | -48.6 | +59.2 | -3.5 | +3.3 | +34.1 |
| Corteva, Inc. | lead2 | +23.6 | +25.6 | -17.5 | +20.2 | +18.9 | +32 |
| Becton, Dickinson and Company | lead2 | +1.9 | +5.1 | -2.7 | -5.4 | -12.6 | +22.7 |
| Live Nation Entertainment, Inc. | lead2 | +62.9 | -41.7 | +34.2 | +38.4 | +10 | +21.8 |
| Carrier Global Corporation | lead2 | +45.3 | -22.7 | +41.5 | +20.3 | -21.8 | +14.3 |
| Rockwell Automation, Inc. | lead2 | +41.2 | -24.8 | +22.6 | -6.2 | +38.4 | +12.6 |
| Schrodinger | lead2 | -56 | -46.3 | +91.5 | -46.1 | -7.3 | +12.4 |
| Agilent Technologies, Inc. | lead2 | +35.5 | -5.5 | -6.4 | -2.7 | +1.9 | +11.5 |
| Automatic Data Processing, Inc. | lead2 | +42.6 | -1.3 | -0.2 | +28.4 | -10.2 | +9.6 |
| Hilton Worldwide Holdings Inc. | lead2 | +40.2 | -18.7 | +44.7 | +36.1 | +16.5 | +8.5 |
| Waters Corporation | lead2 | +50.6 | -8.1 | -3.9 | +12.7 | +2.4 | +7.8 |
| 3M Company | lead2 | +4.9 | -29.6 | -3.3 | +46.1 | +26.4 | +6.8 |
| Salesforce, Inc. | lead2 | +14.2 | -47.8 | +98.5 | +27.8 | -20.2 | -1.6 |
| MercadoLibre, Inc. | lead2 | -19.5 | -37.2 | +85.7 | +8.2 | +18.5 | -1.8 |
| Comcast Corporation | lead2 | -2.2 | -28.7 | +29.1 | -11.8 | -17.3 | -1.9 |
| DoorDash, Inc. | lead2 | · | -67.2 | +102.6 | +69.6 | +35 | -6.5 |
| The Walt Disney Company | lead2 | -14.5 | -43.9 | +4.3 | +24.4 | +3.3 | -6.7 |
| Uber | lead2 | -17.8 | -41 | +149 | -2 | +35.5 | -7.3 |
| Workday, Inc. | lead2 | +14 | -38.7 | +65 | -6.5 | -16.8 | -8.8 |
| Stryker Corporation | lead2 | +10.2 | -7.4 | +23.8 | +21.3 | -1.5 | -13.3 |
| Netflix | lead2 | +11.4 | -51.1 | +65.1 | +83.1 | +5.2 | -16.5 |
| IDEXX Laboratories, Inc. | lead2 | +31.7 | -38 | +36.1 | -25.5 | +63.6 | -20.9 |
| Carnival Corporation | lead2 | -7.1 | -59.9 | +130 | +34.4 | +22.6 | -21.8 |
| Adobe Inc. | lead2 | +13.4 | -40.7 | +77.3 | -25.5 | -21.3 | -23.9 |
| Autodesk, Inc. | lead2 | -7.9 | -33.5 | +30.3 | +21.4 | +0.1 | -26.4 |
| Coupang | lead2 | · | -49.9 | +10.1 | +35.8 | +7.3 | -35.2 |
| Intuit Inc. | lead2 | +70.3 | -39.1 | +61.8 | +1.2 | +6.1 | -49.3 |
| W. W. Grainger | lead1 | +28.8 | +8.7 | +50.5 | +28.2 | -3.4 | +32 |
| Amazon | lead1 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
| AutoZone | lead1 | +76.8 | +17.6 | +4.8 | +23.8 | +5.9 | -12 |
| FedEx | node | +0.7 | -31.6 | +49.1 | +13.5 | +5.1 | +39.6 |
| Union Pacific Corporation | benef1 | +23.3 | -15.9 | +21.6 | -5.1 | +3.9 | +27.1 |
| Boeing | benef1 | -6 | -5.4 | +36.8 | -32.1 | +22.7 | -2.2 |
| Textron | benef1 | +59.9 | -8.2 | +13.7 | -4.8 | +14.1 | -9.3 |
| Moog | benef2 | +3.4 | +9.8 | +66.6 | +36.8 | +24.5 | +53 |
| Garmin | benef2 | +15.9 | -30.2 | +43.1 | +63.3 | -0.1 | +37.7 |
| Korean Airlines | benef2 | -7.1 | -6.1 | -4.2 | +13.8 | -6 | +33.6 |
| Wabtec Corporation | benef2 | +26.5 | +9.1 | +28 | +50.1 | +13.2 | +33 |
| AMETEK, Inc. | benef2 | +22.3 | -4.3 | +18.8 | +10 | +14.7 | +16.1 |
| Norfolk Southern | benef2 | +27.3 | -15.6 | -1.6 | +1.6 | +25.6 | +15.6 |
| RTX | benef2 | +23.3 | +20 | -14.4 | +40.8 | +61.4 | +10.7 |
| Toray Industries | benef2 | +8.3 | +12.5 | -4.8 | +49.2 | +7.5 | +10.3 |
| GE Aerospace | benef2 | +9.7 | -10.9 | +95.7 | +64.8 | +85.7 | +9.7 |
| Thales | benef2 | +12.5 | +52.5 | +14 | +17.8 | +66.6 | -7.5 |
| TransDigm Group Incorporated | benef2 | +2.8 | +1.8 | +66.6 | +32.3 | +12.2 | -12.6 |
| Mitsubishi Heavy Industries | benef2 | +7.2 | +68.3 | +100.5 | +134.2 | +98.3 | -16.7 |
| Korea Aerospace Industries | benef2 | +15.4 | +34.6 | +7 | +5.5 | +217.9 | -24.6 |
YTD as of 2026-09-04 · source: Yahoo Finance
FedEx operates across Global express network operator. It stayed steadily positive in recent years and is +39.6% in 2026. The stock (+39.6%) is ahead of both its demand side (avg +12%) and supply side (avg +5.2%). Having run ahead of its chain, it is the first spot to give back if customer numbers fail to follow. Among connected nodes the furthest ahead is Union Pacific Corporation (+27.1%) and the furthest behind is Textron (-9.3%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It spends on aircraft, transportation networks, and information technology while investing in automation and overseas delivery infrastructure.
Analysis generated from returns as of 2026-09-04