FedEx (FRA:FDX) Accounts Payable & Accrued Expense : €10,006 Mil (As of Feb. 2024)

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What is FedEx Accounts Payable & Accrued Expense?

FedEx's quarterly accounts payable & accrued expense increased from Aug. 2023 (€10,159 Mil) to Nov. 2023 (€10,608 Mil) but then declined from Nov. 2023 (€10,608 Mil) to Feb. 2024 (€10,006 Mil).

FedEx's annual accounts payable & accrued expense increased from May. 2021 (€7,431 Mil) to May. 2022 (€9,431 Mil) but then declined from May. 2022 (€9,431 Mil) to May. 2023 (€8,669 Mil).

FedEx Accounts Payable & Accrued Expense Historical Data

The historical data trend for FedEx's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FedEx Accounts Payable & Accrued Expense Chart

FedEx Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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6,019.30

6,636.33

7,430.87

9,430.67

8,669.16

FedEx Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															10,261.86	8,669.16	10,158.53	10,608.44	10,006.04

FedEx Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

FedEx (FRA:FDX) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

942 South Shady Grove Road, Memphis, TN, USA, 38120

Website

https://www.fedex.com

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.