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FedEx (LIM:FDX) Accounts Payable & Accrued Expense : $10,979 Mil (As of Aug. 2024)


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What is FedEx Accounts Payable & Accrued Expense?

FedEx's quarterly accounts payable & accrued expense declined from Feb. 2024 ($10,794 Mil) to May. 2024 ($8,908 Mil) but then increased from May. 2024 ($8,908 Mil) to Aug. 2024 ($10,979 Mil).

FedEx's annual accounts payable & accrued expense declined from May. 2022 ($9,969 Mil) to May. 2023 ($9,423 Mil) and declined from May. 2023 ($9,423 Mil) to May. 2024 ($8,908 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 May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,237.00 9,029.00 9,969.00 9,423.00 8,908.00

FedEx Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11,078.00 11,481.00 10,794.00 8,908.00 10,979.00

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 Business Description

Industry
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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 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came 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, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.