FedEx Financial Statements
NYSE: FDXConsumer DiscretionaryAir Freight/Delivery ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
FedEx revenue and earnings
In fiscal 2026, FedEx generated $94.72 billion in revenue, up 7.7% from fiscal 2025, its 2nd consecutive year of revenue growth. Net income was $4.43 billion (+8.3% year over year), for a net margin of 4.7% versus a median of 4.7% in the prior 5 years. Operating margin was 5.8%.
Diluted earnings per share came in at $18.55, up from $16.81. Over the last 5 fiscal years, FDX's revenue has grown at a 2.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
FedEx income statement (annual)
| Fiscal year (USD) | FY 20262026-05-31 | FY 20252025-05-31 | FY 20242024-05-31 | FY 20232023-05-31 | FY 20222022-05-31 | FY 20212021-05-31 | FY 20202020-05-31 | FY 20192019-05-31 | FY 20182018-05-31 | FY 20172017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 94.72B | 87.93B | 87.69B | 90.16B | 93.51B | 83.96B | 69.22B | 69.69B | 65.45B | 60.32B |
| Revenue growth (YoY) | +7.73% | +0.27% | -2.73% | -3.59% | +11.38% | +21.30% | -0.68% | +6.48% | +8.51% | +19.76% |
| Cost of Revenue | — | — | — | — | — | — | — | 16.65B | 15.10B | 13.63B |
| Gross Profit | — | — | — | — | — | — | — | 53.04B | 50.35B | 46.69B |
| Operating Expenses | — | — | — | — | — | — | — | 48.57B | 46.08B | 42.12B |
| Operating Income | 5.46B | 5.22B | 5.56B | 4.91B | 6.25B | 5.86B | 2.42B | 4.47B | 4.27B | 4.57B |
| Interest Expense | 970.00M | 789.00M | 745.00M | 694.00M | 689.00M | 793.00M | 672.00M | 588.00M | 558.00M | 512.00M |
| Other Income (Expense) | 330.00M | 224.00M | 277.00M | 451.00M | -1.35B | 817.00M | -748.00M | -3.81B | 81.00M | 13.00M |
| Pretax Income | 5.79B | 5.44B | 5.84B | 5.36B | 4.90B | 6.67B | 1.67B | 655.00M | 4.35B | 4.58B |
| Income Tax | 1.36B | 1.35B | 1.50B | 1.39B | 1.07B | 1.44B | 383.00M | 115.00M | -219.00M | 1.58B |
| Net Income | 4.43B | 4.09B | 4.33B | 3.97B | 3.83B | 5.23B | 1.29B | 540.00M | 4.57B | 3.00B |
| Net Income growth (YoY) | +8.33% | -5.52% | +9.04% | +3.82% | -26.86% | +306.77% | +138.15% | -88.19% | +52.55% | +64.67% |
| EPS (Basic) | 18.71 | 16.96 | 17.41 | 15.60 | 14.54 | 19.79 | 4.92 | 2.06 | 17.08 | 11.24 |
| EPS (Diluted) | 18.55 | 16.81 | 17.21 | 15.48 | 14.33 | 19.45 | 4.90 | 2.03 | 16.79 | 11.07 |
| Shares Outstanding (Basic) | 237.00M | 241.00M | 248.00M | 254.00M | 263.00M | 264.00M | 261.00M | 262.00M | 267.00M | 266.00M |
| Shares Outstanding (Diluted) | 239.00M | 243.00M | 251.00M | 256.00M | 266.00M | 268.00M | 262.00M | 265.00M | 272.00M | 270.00M |
| EBITDA | 9.83B | 9.48B | 9.85B | 9.09B | 10.21B | 9.65B | 6.03B | 7.82B | 7.37B | 7.56B |
| Gross Margin | — | — | — | — | — | — | — | 76.10% | 76.93% | 77.40% |
| Operating Margin | 5.77% | 5.93% | 6.34% | 5.45% | 6.68% | 6.98% | 3.49% | 6.41% | 6.53% | 7.57% |
| Net Margin | 4.68% | 4.65% | 4.94% | 4.41% | 4.09% | 6.23% | 1.86% | 77.00% | 6.99% | 4.97% |
This table shows 10 annual periods of FedEx's income statement, from FY 2026 back to FY 2017, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow FDX's reporting calendar. What is a income statement?