FedEx (NYSE: FDX) – Vanguard reports 10% beneficial ownership stake

Rhea-AI Filing Summary

The Vanguard Group filed an amended Schedule 13G/A reporting beneficial ownership of 23,609,697 shares of FedEx Corp common stock, representing 10% of the outstanding class as of the event date.

Vanguard reports no sole voting power, but shared voting power over 1,312,669 shares. It has sole dispositive power over 21,460,830 shares and shared dispositive power over 2,148,867 shares, reflecting its role as investment adviser for client accounts and funds.

Vanguard states the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of FedEx. Its clients are entitled to dividends and sale proceeds, and no single other person has an interest in more than 5% of the FedEx shares reported.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 12)

FedEx Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

31428X106

(CUSIP Number)

11/28/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 31428X106

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,312,669.00
7	Sole Dispositive Power 21,460,830.00
8	Shared Dispositive Power 2,148,867.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

23,609,697.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FedEx Corp
(b)	Address of issuer's principal executive offices: 942 South Shady Grove Road, Memphis, TN, 38120
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 31428X106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 23609697
(b)	Percent of class: 10 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1312669
	(iii) Sole power to dispose or to direct the disposition of: 21460830
	(iv) Shared power to dispose or to direct the disposition of: 2148867
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	12/03/2025

FAQ

How many FedEx (FDX) shares does The Vanguard Group report owning?

The Vanguard Group reports beneficial ownership of 23,609,697 shares of FedEx Corp common stock, according to this Schedule 13G/A amendment.

What percentage of FedEx (FDX) does Vanguard beneficially own in this filing?

The Vanguard Group reports beneficial ownership of 10% of the outstanding FedEx Corp common stock class.

What voting power does Vanguard report over FedEx (FDX) shares?

Vanguard reports no sole voting power and shared voting power over 1,312,669 FedEx shares.

What dispositive power does Vanguard have over its FedEx (FDX) holdings?

The Vanguard Group has sole dispositive power over 21,460,830 FedEx shares and shared dispositive power over 2,148,867 shares.

Is Vanguard’s FedEx (FDX) stake reported as passive or for control purposes?

Vanguard certifies the FedEx shares were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of FedEx.

Who ultimately benefits from Vanguard’s FedEx (FDX) holdings?

Vanguard states its clients, including registered investment companies and other managed accounts, have the right to receive dividends and sale proceeds from the FedEx shares, and no single other person has more than a 5% interest in the reported securities.