# FedEx (FDX.US)

Canonical: https://gigainvestors.com/s/FDX

Analysis as of: 2026-10-16T07:28:29.783Z. Financial observations: FY1997–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $295.54 per share; close as of 2026-10-15.

Estimated value: low $270.85 per share, central $366.25 per share, high $421.80 per share. Buy at or below the central value $366.25 per share. Valuation as of 2026-10-16T07:28:29.783Z; scenarios are not confidence intervals.

Expected annual return: 11.9% at the stated quote. About 11.9% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: fail

- 4 revenue declines in the last 10 years (informational)

- operating margin variation exceeds 0.35

- Financial history: 10 years

- Years with declining revenue: 4

- Years with a net loss: 0

- Operating margin variation: 1.03×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.41×

- FY2018: 0.08×

- FY2019: 0.07×

- FY2020: 0.04×

- FY2021: 0.07×

- FY2022: 0.07×

- FY2023: 0.06×

- FY2024: 0.07×

- FY2025: 0.07×

- FY2026: 0.07×

### moat: fail

- ROIC median below threshold

- ROIC worst years below threshold (more than 1 bad year allowed)

- ROIC, median of available years: 9.3%

- ROIC, second-lowest year: 7.7%

- Typical minus recent gross margin: -0.1 pp

- Typical gross margin (annual median): 21.6%

- Recent gross margin (lower of latest and 3-year median): 21.6%

- Years with nonpositive capital: 0

- Capital spending / revenue: 7.1%

- ROIC including acquisitions, ten-year median: 6.7%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2018: 19.9%

- FY2019: 15.1%

- FY2020: 5.1%

- FY2021: 10.1%

- FY2022: 10.5%

- FY2023: 7.7%

- FY2024: 9.0%

- FY2025: 8.6%

- FY2026: 9.3%

### economics: pass

- Owner earnings / net income, 5-yr: 0.90×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $19B

- Net income, five-year total: $21B

- Working capital / revenue, annual change: -0.1 pp

- Working capital / revenue, final three-year average: 9.2%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2022: 1.00×

- FY2023: 0.50×

- FY2024: 0.79×

- FY2025: 1.05×

- FY2026: 1.13×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2026 (10 years)

- buybacks leaned toward cheaper years (informational)

- Per-share earnings: 7.04 to 17.25 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -1.2%

- Ordinary dilution, 5-year annual growth: -6.4%

- Market cap gain: $39B

- Cumulative retained earnings: $24B

- Diluted shares, 10-year annual growth: -1.2%

- Diluted shares, 5-year annual growth: -6.4%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2026

- Per-share value growth: 11.8%

- Per-share value change: $10.21

- Per-share value, starting three-year median: $7.04

- Per-share value, ending three-year median: $17.25

- Buybacks concentrated in cheaper years (correlation): 0.64

- Average buyback yield: 3.1%

- Buyback history: 8 years

- Debt-funded buybacks: No

- Cumulative net income, 10 years: $33B

- ROIC, last three-year median: 9.0%

Chart: Earnings per share; fiscal year observations.

- FY2017: $4.15

- FY2018: $13.54

- FY2019: $1.64

- FY2020: $3.96

- FY2021: $15.73

- FY2022: $11.59

- FY2023: $12.50

- FY2024: $17.25

- FY2025: $16.84

- FY2026: $18.55

### accounting: pass

- restructuring or one-time charges in at least three of five years

- Sloan accruals: -4.5%

- Receivables to sales index (DSRI): 1.03×

- Restructuring years, last five: 3

- Stock compensation / operating cash flow: 2.0%

- Earnings backed by cash: Yes

- Operating cash / earnings: 2.01×

- Accounting red flags: 1

- Goodwill and intangibles / equity: 0.22×

Chart: Sloan accruals; fiscal year observations.

- FY2018: -0.2%

- FY2019: -9.3%

- FY2020: -5.2%

- FY2021: -5.9%

- FY2022: -7.0%

- FY2023: -5.6%

- FY2024: -4.6%

- FY2025: -3.4%

- FY2026: -4.5%

## Holders

- [John Rogers](https://gigainvestors.com/AI): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Gates](https://gigainvestors.com/GFT): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Mason Hawkins](https://gigainvestors.com/SE): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [William Browne](https://gigainvestors.com/TB): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Arnold Van Den Berg](https://gigainvestors.com/VAN): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Andreas Halvorsen](https://gigainvestors.com/vg): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Price needs cash profits to grow 3.3% a year for ten years · "Transformation-Related Savings: $1 billion expected in FY26." (finance.yahoo.com, Jun 2025) · sales +7.7%

Story as of 2026-10-16T09:58:44.998Z; price observation 2026-10-15.

Price needs cash profits to grow 3.3% a year for ten years

- 2025-10-13: FDX Looks to Cut Costs to Mitigate Demand Woes: What's the Road Ahead? ([finance.yahoo.com](https://finance.yahoo.com/news/fdx-looks-cut-costs-mitigate-143400391.html))

- 2025-11-11: FedEx Climbs as Profit Guidance Eases Holiday Season Worries ([finance.yahoo.com](https://finance.yahoo.com/news/fedex-sees-earnings-improving-ahead-183041700.html))

- 2026-02-12: FedEx Targets European Growth With InPost Stake And AI Parcel Automation ([finance.yahoo.com](https://finance.yahoo.com/news/fedex-targets-european-growth-inpost-031609467.html))

- 2026-03-20: FedEx Freight’s outlook lowered again ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/fedex-freight-outlook-lowered-again-003030063.html))

- 2026-04-08: FedEx Unveils Freight Spinoff Outlook With 10%--12% Profit Growth Target ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/fedex-unveils-freight-spinoff-outlook-204147504.html))

- 2026-08-21: UPS and FedEx land government delivery contract modifications ([seekingalpha.com](https://seekingalpha.com/news/4635803-ups-and-fedex-land-government-delivery-contract-modifications?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

### Sales · FY2025–2026

sales +7.7%; source https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm; observed 2026-07-20.

- FY2017: $7.4B 

- FY2018: $65B 

- FY2019: $70B 

- FY2020: $69B 

- FY2021: $84B 

- FY2022: $94B 

- FY2023: $90B 

- FY2024: $88B 

- FY2025: $88B 

- FY2026: $95B 

### Gross margin · FY2026

gross margin 21.8%; source https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm; observed 2026-07-20.

- FY2017: 80.6% 

- FY2018: 21.5% 

- FY2019: 21.3% 

- FY2020: 19.3% 

- FY2021: 21.2% 

- FY2022: 21.6% 

- FY2023: 21.3% 

- FY2024: 21.6% 

- FY2025: 21.6% 

- FY2026: 21.8% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in integrated freight & logistics; annual sales are USD 94.7 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm (filed 2026-07-20); FY2026: revenue 94720000000; grossProfit 20622000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); FDX.US: FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally. The company operates through two segments, Express U.S. Domestic and Express International. It provides e-commerce and digital solutions; dataworks; printing and shipping management, including digital printing, professional finishing, document creation, design solutions, direct mail, signs and graphics, custom-branded boxes, copying, computer rental, Wi-Fi, corporate print solutions, shredding, U.S. passport processing and renewal, and digital notarization; packing services, as well as packing supplies and boxes; document and business services; and retail access for package transportation. In addition, the company offers logistics services, air and ocean cargo transportation, specialty transportation, customs brokerage, trade management tools and data, and door-to-door solutions; and third party logistics and supply chain management solutions, such as inbound logistics, warehousing and distribution, fulfillment, contract packaging and product configuration, systems integration, returns process and disposition, test, repair, refurbishment, and product liquidation. Further, it provides sales, marketing, administrative, information technology, and back-office support services. FedEx Corporation was founded in 1971 and is headquartered in Memphis, Tennessee.

### Why customers stay

Margins ranged from 21.6% to 21.8% during 2024–26; it earns 9.3% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); FY2024: grossProfit / revenue = 21.6%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); FY2025: grossProfit / revenue = 21.6%.

- Source: https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm (filed 2026-07-20); FY2026: grossProfit / revenue = 21.8%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); 10-year return on capital observations [[2018,0.19908395761363196],[2019,0.1509741696446957],[2020,0.050912278170476076],[2021,0.1013261837833896],[2022,0.10468713673892022],[2023,0.0773237153844852],[2024,0.09004256036758229],[2025,0.08579340436641203],[2026,0.0929150467399751]]; median 0.0929150467399751. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Can it raise prices

"On January 5, 2026, a 5.9% average list price increase was implemented for services." (SEC filing, Jul 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm (filed 2026-07-20); On January 5, 2026, a 5.9% average list price increase was implemented for services.

### Where the cash goes

Paid dividends in 10 of 10 years; bought back USD 796 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); FY2018: growth capex 2568000000; upkeep 3095000000; cash acquisitions 179000000; owner earnings 4572000000. Growth capex plus acquisitions / owner earnings = 0.6008311461067367.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); FY2019: growth capex 1838863790.1918354; upkeep 3651136209.8081646; cash acquisitions 66000000; owner earnings 241863790.1918354. Growth capex plus acquisitions / owner earnings = 7.875770857146429.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); FY2021: growth capex 2091000000; upkeep 3793000000; cash acquisitions 228000000; owner earnings 5231000000. Growth capex plus acquisitions / owner earnings = 0.44331867711718603.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); FY2022: growth capex 2793000000; upkeep 3970000000; owner earnings 3826000000. Growth capex / owner earnings = 0.7300052273915316.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); FY2023: growth capex 0; upkeep 6174000000; owner earnings 1974000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); FY2024: growth capex 0; upkeep 5176000000; owner earnings 3442000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); FY2025: growth capex 0; upkeep 4055000000; owner earnings 4301000000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm (filed 2026-07-20); FY2026: growth capex 0; upkeep 3809000000; owner earnings 4993000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); Dividend observations: [[2017,1072000000],[2018,535000000],[2019,683000000],[2020,679000000],[2021,686000000],[2022,793000000],[2023,1177000000],[2024,1259000000],[2025,1339000000],[2026,1374000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm (filed 2026-07-20); FY2026: cash repurchases 796000000 USD.

### What could break it

"We may not realize the anticipated benefits from the Spin-Off" (SEC filing, Jul 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm (filed 2026-07-20); We may not realize the anticipated benefits from the Spin-Off

### What the price says

The price assumes cash profits grow 3.3% yearly over ten years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-07-20); Ten-year compound average after fade. Initial solved rate 0.03466545228557172. Price 295.54; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2016 owner earnings/share -0.044444444444444446 → FY2026 20.89121338912134. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-11: $154.45 per share

- 2016-12: $150.04 per share

- 2017-01: $152.39 per share

- 2017-02: $155.50 per share

- 2017-03: $157.25 per share

- 2017-04: $152.86 per share

- 2017-05: $156.20 per share

- 2017-06: $175.12 per share

- 2017-07: $167.63 per share

- 2017-08: $172.75 per share

- 2017-09: $181.77 per share

- 2017-10: $181.96 per share

- 2017-11: $186.51 per share

- 2017-12: $201.08 per share

- 2018-01: $211.51 per share

- 2018-02: $198.56 per share

- 2018-03: $193.48 per share

- 2018-04: $199.19 per share

- 2018-05: $200.74 per share

- 2018-06: $182.97 per share

- 2018-07: $198.12 per share

- 2018-08: $196.58 per share

- 2018-09: $194.03 per share

- 2018-10: $177.55 per share

- 2018-11: $184.53 per share

- 2018-12: $130.00 per share

- 2019-01: $143.09 per share

- 2019-02: $145.85 per share

- 2019-03: $146.18 per share

- 2019-04: $152.67 per share

- 2019-05: $124.32 per share

- 2019-06: $132.30 per share

- 2019-07: $137.41 per share

- 2019-08: $127.81 per share

- 2019-09: $117.30 per share

- 2019-10: $123.01 per share

- 2019-11: $128.97 per share

- 2019-12: $121.85 per share

- 2020-01: $116.55 per share

- 2020-02: $113.76 per share

- 2020-03: $97.71 per share

- 2020-04: $102.15 per share

- 2020-05: $105.21 per share

- 2020-06: $112.99 per share

- 2020-07: $135.70 per share

- 2020-08: $177.15 per share

- 2020-09: $202.68 per share

- 2020-10: $209.08 per share

- 2020-11: $230.93 per share

- 2020-12: $209.20 per share

- 2021-01: $189.64 per share

- 2021-02: $205.08 per share

- 2021-03: $228.88 per share

- 2021-04: $233.93 per share

- 2021-05: $253.67 per share

- 2021-06: $240.39 per share

- 2021-07: $225.58 per share

- 2021-08: $214.09 per share

- 2021-09: $176.70 per share

- 2021-10: $189.79 per share

- 2021-11: $185.63 per share

- 2021-12: $208.41 per share

- 2022-01: $198.11 per share

- 2022-02: $179.11 per share

- 2022-03: $186.45 per share

- 2022-04: $160.15 per share

- 2022-05: $180.97 per share

- 2022-06: $182.68 per share

- 2022-07: $187.82 per share

- 2022-08: $169.87 per share

- 2022-09: $119.64 per share

- 2022-10: $129.15 per share

- 2022-11: $146.83 per share

- 2022-12: $139.56 per share

- 2023-01: $156.21 per share

- 2023-02: $163.76 per share

- 2023-03: $184.12 per share

- 2023-04: $183.55 per share

- 2023-05: $175.65 per share

- 2023-06: $199.76 per share

- 2023-07: $217.53 per share

- 2023-08: $210.33 per share

- 2023-09: $213.47 per share

- 2023-10: $193.47 per share

- 2023-11: $208.57 per share

- 2023-12: $203.84 per share

- 2024-01: $194.43 per share

- 2024-02: $200.62 per share

- 2024-03: $233.47 per share

- 2024-04: $210.94 per share

- 2024-05: $204.64 per share

- 2024-06: $241.61 per share

- 2024-07: $243.55 per share

- 2024-08: $240.75 per share

- 2024-09: $220.53 per share

- 2024-10: $220.67 per share

- 2024-11: $243.89 per share

- 2024-12: $226.70 per share

- 2025-01: $213.43 per share

- 2025-02: $211.85 per share

- 2025-03: $196.44 per share

- 2025-04: $169.48 per share

- 2025-05: $175.75 per share

- 2025-06: $183.17 per share

- 2025-07: $180.09 per share

- 2025-08: $186.20 per share

- 2025-09: $190.02 per share

- 2025-10: $204.53 per share

- 2025-11: $222.14 per share

- 2025-12: $232.76 per share

- 2026-01: $259.67 per share

- 2026-02: $311.85 per share

- 2026-03: $287.01 per share

- 2026-04: $324.99 per share

- 2026-05: $331.79 per share

- 2026-06: $313.13 per share

- 2026-07: $307.40 per share

- 2026-08: $327.40 per share

- 2026-09: $285.09 per share

- 2026-10: $290.59 per share

## Annual estimated value (USD per share)

- FY2021: low $28.16 per share, central $33.25 per share, high $36.22 per share

- FY2022: low $172.80 per share, central $240.32 per share, high $279.64 per share

- FY2023: low $98.60 per share, central $131.47 per share, high $151.52 per share

- FY2024: low $205.34 per share, central $285.23 per share, high $331.75 per share

- FY2025: low $177.51 per share, central $199.82 per share, high $229.52 per share

- FY2026: low $268.21 per share, central $362.68 per share, high $417.69 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1048911/000104891126000105/fdx-20260531.htm); period 2026-05-31, filed 2026-07-20.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [John Rogers](https://gigainvestors.com/AI): 95,476 FDX shares; USD 29,896,000 reported position value; 0.3% of portfolio; reduce; quarter 2026 Q2.
- [David Hoeft](https://gigainvestors.com/DAC): 7,233,269 FDX shares; USD 2,264,953,000 reported position value; 1.19% of portfolio; reduce; quarter 2026 Q2.
- [Bill Gates](https://gigainvestors.com/GFT): 2,384,362 FDX shares; USD 746,615,000 reported position value; 2.17% of portfolio; hold; quarter 2026 Q2.
- [Mason Hawkins](https://gigainvestors.com/SE): 194,828 FDX shares; USD 61,007,000 reported position value; 3.18% of portfolio; reduce; quarter 2026 Q2.
- [William Browne](https://gigainvestors.com/TB): 10,774 FDX shares; USD 3,374,000 reported position value; 0.26% of portfolio; reduce; quarter 2026 Q2.
- [Arnold Van Den Berg](https://gigainvestors.com/VAN): 11,836 FDX shares; USD 3,706,000 reported position value; 0.78% of portfolio; reduce; quarter 2026 Q2.
- [Andreas Halvorsen](https://gigainvestors.com/vg): 2,151,983 FDX shares; USD 673,850,000 reported position value; 1.92% of portfolio; add; quarter 2026 Q2.

# FDX — FedEx Corp.

Held by 7 investors · USD 3,783,401,000 total · 2026 Q2 · reported price USD 313.13 (split-adjusted).
Page: https://gigainvestors.com/s/FDX

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| David Hoeft (https://gigainvestors.com/DAC) | USD 2,264,953,000 | 1.2% | reduce -27.55% |
| Bill Gates (https://gigainvestors.com/GFT) | USD 746,615,000 | 2.2% | hold |
| Andreas Halvorsen (https://gigainvestors.com/vg) | USD 673,850,000 | 1.9% | add +11.38% |
| Mason Hawkins (https://gigainvestors.com/SE) | USD 61,007,000 | 3.2% | reduce -21.28% |
| John Rogers (https://gigainvestors.com/AI) | USD 29,896,000 | 0.3% | reduce -3.48% |
| David Katz (https://gigainvestors.com/MAVFX) | USD 15,707,182 | 0.0% | sold |
| Arnold Van Den Berg (https://gigainvestors.com/VAN) | USD 3,706,000 | 0.8% | reduce -2.26% |
| William Browne (https://gigainvestors.com/TB) | USD 3,374,000 | 0.3% | reduce -85.45% |
| Steven Check (https://gigainvestors.com/CHE) | USD 354,005 | 0.0% | sold |

## Total held by quarter

- 2007 Q2: USD 127,615,500 · 1 holder · USD 110.97
- 2007 Q3: USD 120,462,500 · 1 holder · USD 104.75
- 2007 Q4: USD 113,691,750 · 1 holder · USD 89.17
- 2008 Q1: USD 118,154,250 · 1 holder · USD 92.67
- 2008 Q2: USD 120,154,750 · 1 holder · USD 78.79
- 2008 Q3: USD 120,536,000 · 1 holder · USD 79.04
- 2008 Q4: USD 97,828,750 · 1 holder · USD 64.15
- 2009 Q1: USD 67,847,250 · 1 holder · USD 44.49
- 2009 Q2: USD 84,820,500 · 1 holder · USD 55.62
- 2009 Q3: USD 114,710,500 · 1 holder · USD 75.22
- 2009 Q4: USD 127,261,250 · 1 holder · USD 83.45
- 2010 Q1: USD 235,834,907 · 1 holder · USD 93.40
- 2010 Q2: USD 177,027,680 · 1 holder · USD 70.11
- 2010 Q3: USD 215,887,415 · 1 holder · USD 85.50
- 2010 Q4: USD 281,355,157 · 1 holder · USD 93.01
- 2011 Q1: USD 282,988,656 · 1 holder · USD 93.55
- 2011 Q2: USD 286,921,155 · 1 holder · USD 94.85
- 2011 Q3: USD 204,731,932 · 1 holder · USD 67.68
- 2011 Q4: USD 252,617,666 · 1 holder · USD 83.51
- 2012 Q1: USD 278,178,908 · 1 holder · USD 91.96
- 2012 Q2: USD 277,120,158 · 1 holder · USD 91.61
- 2012 Q3: USD 255,975,415 · 1 holder · USD 84.62
- 2012 Q4: USD 277,452,908 · 1 holder · USD 91.72
- 2013 Q1: USD 297,054,902 · 1 holder · USD 98.20
- 2013 Q2: USD 298,204,401 · 1 holder · USD 98.58
- 2013 Q3: USD 345,182,636 · 1 holder · USD 114.11
- 2013 Q4: USD 434,904,106 · 1 holder · USD 143.77
- 2014 Q1: USD 400,993,867 · 1 holder · USD 132.56
- 2014 Q2: USD 457,924,349 · 1 holder · USD 151.38
- 2014 Q3: USD 488,386,089 · 1 holder · USD 161.45
- 2014 Q4: USD 525,321,326 · 1 holder · USD 173.66
- 2015 Q1: USD 500,486,085 · 1 holder · USD 165.45
- 2015 Q2: USD 515,459,830 · 1 holder · USD 170.40
- 2015 Q3: USD 437,699,356 · 2 holders · USD 144.00
- 2015 Q4: USD 455,462,601 · 2 holders · USD 149.00
- 2016 Q1: USD 492,227,837 · 1 holder · USD 162.72
- 2016 Q2: USD 459,134,348 · 1 holder · USD 151.78
- 2016 Q3: USD 528,406,825 · 1 holder · USD 174.68
- 2016 Q4: USD 563,254,814 · 1 holder · USD 186.20
- 2017 Q1: USD 590,328,555 · 1 holder · USD 195.15
- 2017 Q2: USD 657,423,033 · 1 holder · USD 217.33
- 2017 Q3: USD 682,379,274 · 1 holder · USD 225.58
- 2017 Q4: USD 754,858,250 · 1 holder · USD 249.54
- 2018 Q1: USD 726,332,510 · 1 holder · USD 240.11
- 2018 Q2: USD 686,856,273 · 1 holder · USD 227.06
- 2018 Q3: USD 728,389,509 · 1 holder · USD 240.79
- 2018 Q4: USD 488,023,089 · 1 holder · USD 161.33
- 2019 Q1: USD 1,047,636,582 · 2 holders · USD 181.41
- 2019 Q2: USD 954,916,859 · 4 holders · USD 164.19
- 2019 Q3: USD 606,147,825 · 3 holders · USD 145.57
- 2019 Q4: USD 553,579,903 · 4 holders · USD 151.21
- 2020 Q1: USD 382,156,269 · 3 holders · USD 121.26
- 2020 Q2: USD 554,342,960 · 4 holders · USD 140.22
- 2020 Q3: USD 786,249,759 · 3 holders · USD 251.52
- 2020 Q4: USD 798,856,166 · 3 holders · USD 259.61
- 2021 Q1: USD 438,213,864 · 2 holders · USD 284.04
- 2021 Q2: USD 460,030,940 · 2 holders · USD 298.33
- 2021 Q3: USD 338,676,081 · 2 holders · USD 219.29
- 2021 Q4: USD 575,758,329 · 4 holders · USD 258.64
- 2022 Q1: USD 151,059,968 · 3 holders · USD 231.39
- 2022 Q2: USD 175,371,389 · 4 holders · USD 226.71
- 2022 Q3: USD 265,626,325 · 4 holders · USD 148.47
- 2022 Q4: USD 313,440,705 · 4 holders · USD 173.20
- 2023 Q1: USD 535,099,707 · 5 holders · USD 228.49
- 2023 Q2: USD 668,943,841 · 5 holders · USD 247.90
- 2023 Q3: USD 700,800,559 · 5 holders · USD 264.92
- 2023 Q4: USD 671,323,551 · 5 holders · USD 252.97
- 2024 Q1: USD 4,936,298,352 · 9 holders · USD 289.74
- 2024 Q2: USD 5,046,849,113 · 9 holders · USD 299.84
- 2024 Q3: USD 4,738,205,419 · 9 holders · USD 273.68
- 2024 Q4: USD 5,066,102,516 · 9 holders · USD 281.33
- 2025 Q1: USD 4,225,588,419 · 7 holders · USD 243.78
- 2025 Q2: USD 4,086,362,780 · 7 holders · USD 227.31
- 2025 Q3: USD 4,634,626,820 · 9 holders · USD 235.81
- 2025 Q4: USD 5,366,844,148 · 8 holders · USD 288.86
- 2026 Q1: USD 5,263,494,784 · 9 holders · USD 356.18
- 2026 Q2: USD 3,783,401,000 · 7 holders · USD 313.13