FedEx (FDX) risk factors: FY2026 10-K

1. We are directly affected by the state of the global economy and geopolitical developments.
2. Additional changes in international trade policies, including tariffs, and relations could significantly reduce the volume of goods transported globally, increase our costs, and materially and adversely affect our business, financial condition, cash flows, and results of operations.rewordedTariffs
3. Our transportation businesses and their profitability are affected by the price and availability of jet and vehicle fuel, as well as our ability to collect fuel surcharges.

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1. The failure to successfully execute our transformation initiatives in the expected time frame and at the expected cost may materially and adversely affect our future results.reworded
2. A significant data breach or other disruption to our technology infrastructure could disrupt our operations and result in the loss of critical sensitive or confidential information, adversely affecting our reputation, business, or results of operations.Cybersecurity
3. We are self-insured for certain costs associated with our operations, and insurance and claims expenses could materially and adversely affect our business, financial condition, cash flows, and results of operations.new
4. The transportation infrastructure continues to be a target of terrorist activities.
5. Failure of third-party service providers, vendors, and suppliers to perform as expected, or disruptions in our relationships with such third parties or their provision of services to FedEx, could materially and adversely affect our business, financial condition, cash flows, and results of operations.new
6. The effects of a widespread outbreak of an illness or any other communicable disease or public health crisis could materially and adversely affect our business, results of operations, cash flows, and financial condition.reworded

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1. Failure to successfully implement our business strategy and effectively respond to changes in market dynamics and customer preferences will cause our future financial results to suffer.
2. We may not be able to achieve our calendar 2029 financial performance targets.new
3. We may not realize the anticipated benefits from the Spin-Off, which could harm our business.new
4. The Spin-Off could result in substantial tax liability to us and our stockholders.new
5. We depend on our strong reputation and the value of the FedEx brand.
6. We face intense competition.
7. Our businesses are capital intensive, and we must make capital decisions based upon projected volume levels.
8. Our inability to execute and effectively operate, integrate, leverage, and grow acquired businesses and realize the anticipated benefits of acquisitions, joint ventures, and strategic alliances and investments could materially and adversely affect us.reworded
9. We may not achieve the expected strategic or financial benefits relating to our InPost investment.new

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1. Labor-related disruptions and potential changes in labor laws may materially and adversely affect our business, financial condition, cash flows, and results of operations.reworded
2. Our failure to attract and retain employee talent, meet our purchased transportation needs, or maintain our company culture, as well as increases in labor and purchased transportation costs, could materially and adversely affect our business and results of operations.reworded
3. We contract with service providers to conduct certain linehaul and pickup-and-delivery operations, and the status of these service providers as direct and exclusive employers of drivers providing these services is being challenged.
4. Increasing costs, the volatility of costs and funding requirements, and other legal mandates for employee benefits, especially pension and healthcare benefits, could materially and adversely affect our results of operations, financial condition, and liquidity.reworded

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1. We may be affected by global climate change or by legal, regulatory, or market responses to such change.
2. We may be unable to achieve or demonstrate progress on our goal of carbon neutrality for our global operations by calendar 2040.
3. We may be affected by harsh weather conditions, natural disasters, conflicts or other unrest, or other terrorist or other physical attacks, and our ability to quickly and effectively restore operations following adverse weather or a localized disaster or disturbance in a key geography could materially and adversely affect our business and results of operations, cash flows, and financial condition.new

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1. Government regulation and enforcement are evolving and unfavorable changes could harm our business.
2. We could be subject to adverse changes in regulations and interpretations or challenges to our tax positions.
3. Our business is subject to complex and evolving United States and foreign laws and regulations regarding data protection and cybersecurity, which impose significant costs and regulatory risks that are likely to increase over time.newCybersecurity
4. The regulatory environment for global aviation or other transportation rights may affect our operations and increase our operating costs.
5. We are also subject to other risks and uncertainties, including:

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Headings in the FY2025 10-K with no match this year.

1. We are self-insured for certain costs associated with our operations, and insurance and claims expenses could have a material adverse effect on us.
2. Failure of third-party service providers to perform as expected, or disruptions in our relationships with those providers or their provision of services to FedEx, could have a material adverse effect on our business and results of operations.
3. Failure to complete the adjustment of our air network to remove costs related to services previously provided to the United States Postal Service (“USPS”) could adversely affect our profitability.
4. The planned spin-off of FedEx Freight may not be completed on the terms or timeline currently contemplated, if at all, and there is no guarantee that the spin-off, if completed, will achieve the intended financial and strategic benefits.
5. Our inability to quickly and effectively restore operations following adverse weather or a localized disaster or disturbance in a key geography could adversely affect our business and results of operations.
6. Our business is subject to complex and evolving U.S. and foreign laws and regulations regarding data protection.