"We have communicated to the team in Washington our request that they change the team name," FedEx said in a statement Thursday.
The company paid the team $205 million in 1999 for the naming rights to FedEx Field in Landover, Maryland.
In addition to the stadium name and sponsorship agreement, FedEx CEO Frederik Smith is a minority owner. Majority owner Daniel Snyder has shown no indications he'll change the name since buying the team in 1999.
Amid the national debate over race, pressure has been mounting on the organization to abandon the name called a "dictionary-defined racial slur" by experts and advocates.