FedEx Corp
FDXCompany Overview
FedEx Corp. is a holding company, which engages in the provision of transportation, e-commerce, business services, and business solutions. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other and Eliminations. The FedEx Express segment offers transportation and delivery services. The FedEx Ground segment provides small-package ground delivery services. The FedEx Freight segment refers to freight transportation services to business and residences. The FedEx Services segment includes sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions that support the company's operating segments. The Corporate, Other, and Eliminations segment is involved in the corporate headquarters costs for executive officers and certain legal and finance functions, as well as certain other costs and credits not attributed to the firm's core business. The company was founded by Frederick Wallace Smith on June 18, 1971, and is headquartered in Memphis, TN.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | FedEx Corp |
| Ticker | FDX |
| Main Business | Integrated Freight & Logistics |
| Type | Common Stock |
| Industry | Integrated Freight & Logistics |
| Country | US |
| Market Cap | $60.98 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| FedEx Express Segment | $40,860.0 | $0.0 | - |
| FedEx Ground Segment | $34,260.0 | $0.0 | - |
| FedEx Freight Segment | $9,080.0 | $0.0 | - |
| Corporate, other and elimination | $3,240.0 | $0.0 | - |
| FedEx Services Segment | $260.0 | $0.0 | - |
| Interest income | $370.0 | $370.0 | - |
| Other retirement plans income | $722.0 | $0.0 | - |
| Total | $88,792.0 | $370.0 | 0.42% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| current debt and capital lease obligation | $2,530,000,000.0 | 4.15% |
| long term debt and capital lease obligation | $35,190,000,000.0 | 57.71% |
| Total Interest-Bearing Debt | $37,720,000,000.0 | 61.86% |
| Market Capitalization | $60,977,385,600.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |