{"url_path":"/sec/fdx/10-k/2026/item-16","section_key":"item-16","section_title":"Item 16 FORM 10-K SUMMARY","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/1048911/0001048911-26-000105-index.html","accession_number":"0001048911-26-000105","cik":"0001048911","ticker":"FDX","issuer_name":"FEDEX CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1048911/0001048911-26-000105-index.html","primary_entity_key":"0001048911","primary_entity_name":"FEDEX CORP"},"word_count":747,"has_tables":true,"body_markdown":"ITEM 16. FORM 10-K SUMMARY\n\nNone.\n\n-125-\n\nSIGNATURES\n\nPursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.\n\n  FEDEX CORPORATION \n\nDated: July 20, 2026\nBy:\n /s/ Rajesh Subramaniam\n\n \n\n \n\n \n\n      Rajesh Subramaniam\n\n \n\n \n\n \n      President and Chief Executive Officer\n \n\nPower of Attorney. KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Rajesh Subramaniam, and Claude F. Russ, and each of them, his or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with any and all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, and hereby grants to such attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.\n\nPursuant to the requirements of the Securities Exchange Act of 1934, as amended, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.\n\n Signature\n\nCapacityDate\n\nPresident and Chief Executive\n\n /s/ Rajesh Subramaniam\n\nOfficer and Director\nJuly 20, 2026\n\nRajesh Subramaniam\n\n(Principal Executive Officer)\n\nEnterprise Vice President, Finance,\n\nInterim Chief Financial Officer, and\n\n /s/ Claude F. Russ\n\nInterim Chief Accounting Officer\nJuly 20, 2026\n\n Claude F. Russ\n\n(Principal Financial Officer and\nPrincipal Accounting Officer)\n\nExecutive Chairman and Chairman of\n\n /s/ R. Brad Martin\nthe Board and Director\nJuly 20, 2026\n\n R. Brad Martin\n\n/s/ Mark A. Edmunds\n\nDirector\nJuly 20, 2026\n\n     Mark A. Edmunds\n\n /s/ Marvin R. Ellison\n\nDirector\nJuly 20, 2026\n\n      Marvin R. Ellison\n\n /s/ Susan Patricia Griffith\n\nDirector\nJuly 20, 2026\n\nSusan Patricia Griffith\n\n-126-\n\n /s/ Amy B. Lane\n\nDirector\nJuly 20, 2026\n\nAmy B. Lane\n\n /s/ Nancy A. Norton\n\nDirector\nJuly 20, 2026\n\nNancy A. Norton\n\n /s/ Frederick P. Perpall\n\nDirector\nJuly 20, 2026\n\nFrederick P. Perpall\n\n /s/ Joshua Cooper Ramo\n\nDirector\nJuly 20, 2026\n\nJoshua Cooper Ramo\n\n /s/ Susan C. Schwab\n\nDirector\nJuly 20, 2026\n\nSusan C. Schwab\n\nChief Operating Officer -\n\n /s/ Richard W. Smith\n\nInternational, Chief Executive Officer\nJuly 20, 2026\n\nRichard W. Smith\n\n - Airline, and Director\n\n /s/ Paul S. Walsh\n\nDirector\nJuly 20, 2026\n\n      Paul S. Walsh\n\n-127-\n\nReport of Independent Registered Public Accounting Firm\n\nTo the Stockholders and the Board of Directors of FedEx Corporation\n\nWe have audited the consolidated financial statements of FedEx Corporation (the Company) as of May 31, 2026 and 2025, and for each of the three years in the period ended May 31, 2026, and have issued our report thereon dated July 20, 2026 included elsewhere in this Form 10-K. Our audits of the consolidated financial statements included the financial statement schedule listed in Item 15(a) of this Form 10-K (the “schedule”). This schedule is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company’s schedule, based on our audits.\n\nIn our opinion, the schedule presents fairly, in all material respects, the information set forth therein when considered in conjunction with the consolidated financial statements.\n\n/s/ Ernst & Young LLP\n\nMemphis, Tennessee\n\nJuly 20, 2026\n\n-128-\n\nSCHEDULE II\n\nFEDEX CORPORATION\n\nVALUATION AND QUALIFYING ACCOUNTS\n\nFOR THE YEARS ENDED MAY 31, 2026, 2025, AND 2024\n\n(IN MILLIONS)\n\nAdditions\n\nDescriptionBalance at beginning of yearCharged to expensesCharged to other accountsDeductionsBalance at end of year\n\nAccounts Receivable Reserves:\n\nAllowance for Credit Losses\n\n2026$438 $946 $— $874 \n(a)\n$510 \n\n2025436 521 — 519 \n(a)\n438 \n\n2024472 421 — 457 \n(a)\n436 \n\nAllowance for Revenue Adjustments\n\n2026$335 $— $1,988 \n(b)\n$1,969 \n(c)\n$354 \n\n2025339 — 1,495 \n(b)\n1,499 \n(c)\n335 \n\n2024328 — 1,534 \n(b)\n1,523 \n(c)\n339 \n\nInventory Valuation Allowance:\n\n2026$308 $42 $— $26 $324 \n\n2025288 41 — 21 308 \n\n2024276 40 — 28 288 \n\n(a)Uncollectible accounts written off, net of recoveries, and other adjustments.\n\n(b)Principally charged against revenue.\n\n(c)Service failures, rebills, and other.\n\n-129-"}