Raj Subramaniam, CEO of FedEx (FDX), earned $8.0M in total compensation in 2025. FedEx receives a Pay-for-Performance grade of B (77/100), with a CEO-to-worker pay ratio of 145:1 and a say-on-pay shareholder approval of 93.2%. The company's 3-year total shareholder return is +17.8%.
How FedEx CEO Pay Compares
Raj Subramaniam's $8.0M total compensation is 33% below the Logistics industry median of $12.0M. The 145:1 CEO-to-worker pay ratio is 20% lower than the industry average of 182:1.
FedEx (FDX) disclosed $8.0M in CEO compensation for Raj Subramaniam. The package is structured for retention plus performance alignment, with equity awards taking the largest share.
The CEO-to-median-worker pay ratio runs 145x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Performance has been positive over the three-year window: TSR of 17.8% alongside 14.0% revenue growth. Compensation packages tied to relative TSR or absolute return benchmarks would have vested at or near target levels with this performance profile.
Say-on-pay support was strong at 93%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. FedEx operates in Logistics with 530,000 employees and $87.7B in annual revenue, and currently carries a market capitalization of $70.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for FedEx (FDX).
Compensation Breakdown
Raj Subramaniam's $8.0M total compensation package for fiscal year 2025 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
More Logistics Companies
Raj Subramaniam, CEO of FedEx (FDX), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Raj Subramaniam, CEO of FedEx (FDX), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
FedEx has a Pay-for-Performance Score of B (77/100). The company's 3-year total shareholder return is +17.8%, and the say-on-pay shareholder vote passed with 93.2% approval.
The CEO-to-median-worker pay ratio at FedEx is 145:1. The median worker at FedEx earns $55K per year, while CEO Raj Subramaniam earns $8.0M in total compensation.
FedEx employs approximately 530,000 people. The company operates in the Logistics industry within the Industrials sector, generating $87.7B in annual revenue.