Saturday 31 October 2026 Export FDX’s income statement to Excel — free account

FedEx Corporation

FDX Industrials Integrated Freight & Logistics

FedEx Corporation’s revenue for fiscal 2026 (year ended May 2026) was $94.7 billion, up 7.73% from fiscal 2025. In the quarter to May 2026, revenue grew 12.5%, EPS fell 4.07%, free cash flow grew 62.2% and total debt rose 25.0%, each against the same quarter a year earlier. Member of the S&P 500.

315.10 7.28 +2.37%

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Market cap: $72.1B
P/E: 16.9×
Fwd P/E: 14.6×
Dividend yield: 1.69%
F-score: 7/9
Altman Z: 2.56
Beneish M: −2.65
Dividend safety: 70/100

Overview Business Profile Earnings & Analysis Segments Filings

FedEx Corporation (FDX) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by regions, and margins
U.S. Pension Plans	67,944	71.73%
International:	26,776	28.27%
Gross margin		70.79%
Operating margin		5.77%
Pre-tax margin		6.12%

Revenue by segment $m

Line	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
Federal Express segment	75,884 84.17%	—	—	—	—	—	—	—	—	—	—	—
FedEx Freight Segment	10,084 11.19%	9,532 10.19%	7,833 9.33%	7,102 10.26%	7,582 10.88%	6,812 10.41%	6,070 10.06%	5,825 11.57%	6,191 13.05%	5,757 12.63%	5,401 12.20%	5,282 12.38%
Fedex Express	—	45,814 48.99%	42,078 50.12%	35,513 51.31%	37,331 53.56%	36,172 55.27%	33,824 56.08%	25,553 50.74%	27,239 57.40%	27,121 59.52%	27,171 61.35%	26,515 62.13%
Fedex Ground	—	33,232 35.54%	30,496 36.32%	22,733 32.84%	20,522 29.45%	18,395 28.11%	16,503 27.36%	15,051 29.88%	12,984 27.36%	11,617 25.49%	10,578 23.89%	9,573 22.43%
Fedex Services	—	253 0.27%	32 0.04%	22 0.03%	22 0.03%	28 0.04%	1,621 2.69%	1,593 3.16%	1,545 3.26%	1,536 3.37%	1,580 3.57%	1,671 3.92%
Elimination Corporate And Other	—	—	—	—	—	—	—	—	(506) (1.07%)	—	—	—
Other And Eliminations	—	—	—	—	—	—	—	—	(506) (1.07%)	(464) (1.02%)	(443) (1.00%)	(361) (0.85%)
Other, not broken out	4,187 4.64%	4,681 5.01%	3,520 4.19%	3,847 5.56%	4,236 6.08%	4,043 6.18%	2,301 3.81%	2,343 4.65%	506 1.07%	—	—	—
Consolidated Total	—	—	—	—	—	—	—	—	—	—	44,287	42,680
Revenue	90,155	93,512	83,959	69,217	69,693	65,450	60,319	50,365	47,453	45,567	44,287	42,680

Operating income by segment $m, and margin

	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
Federal Express segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
FedEx Freight Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fedex Express	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Fedex Ground	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Elimination Corporate And Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other And Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
U.S. Pension Plans	67,944 71.73%	62,916 71.56%	63,531 72.45%	64,890 71.98%	64,941 69.45%	58,792 70.02%	48,404 69.93%	47,584 68.28%	43,581 66.59%	40,269 66.76%	38,070 75.59%	34,216 72.11%
International:	26,776 28.27%	25,010 28.44%	24,162 27.55%	25,265 28.02%	28,571 30.55%	25,167 29.98%	20,813 30.07%	22,109 31.72%	21,869 33.41%	20,050 33.24%	12,295 24.41%	13,237 27.89%
Revenue	94,720	87,926	87,693	90,155	93,512	83,959	69,217	69,693	65,450	60,319	50,365	47,453

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
International Domestic average daily package volume	Q1 FY2027	1.6M	1.8M	−9.19%
International Domestic yield	Q1 FY2027	$11.02	$9.81	+12.33%
International Economy average daily package volume	Q1 FY2027	625.0K	518.0K	+20.66%
International Economy yield	Q1 FY2027	$41.98	$40.87	+2.72%
International Priority average daily package volume	Q1 FY2027	563.0K	562.0K	+0.18%
International Priority yield	Q1 FY2027	$74.27	$62.77	+18.32%
Total Average Daily Packages	Q4 FY2026	17.1M	16.8M	+1.72%
Total International Export Composite yield	Q4 FY2026	$56.17	$51.18	+9.75%
Total International Export Package average daily package volume	Q4 FY2026	1.2M	1.1M	+5.02%
Total U.S. Domestic Package average daily package volume	Q1 FY2027	14.4M	13.9M	+3.23%
U.S.	Q1 FY2027	2.4M	2.2M	+12.06%
U.S. Deferred average daily package volume	Q1 FY2027	1.1M	1.1M	−0.47%
U.S. Deferred yield	Q1 FY2027	$20.81	$18.76	+10.93%
U.S. Domestic Composite yield	Q1 FY2027	$15.32	$14.25	+7.51%
U.S. ground	Q1 FY2027	$12.89	$12.07	+6.79%
U.S. ground commercial	Q1 FY2027	4.5M	4.3M	+5.38%
U.S. ground home delivery/economy	Q1 FY2027	7.1M	6.9M	+1.97%
U.S. priority	Q1 FY2027	1.7M	1.7M	+5.32%

	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q4 FY2024	Q3 FY2024
International Domestic average daily package volume	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Domestic yield	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Economy average daily package volume	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Economy yield	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Priority average daily package volume	‡	‡	‡	‡	‡	‡	‡	‡	‡
International Priority yield	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total Average Daily Packages	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total International Export Composite yield	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total International Export Package average daily package volume	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total U.S. Domestic Package average daily package volume	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S.	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. Deferred average daily package volume	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. Deferred yield	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. Domestic Composite yield	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. ground	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. ground commercial	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. ground home delivery/economy	‡	‡	‡	‡	‡	‡	‡	‡	‡
U.S. priority	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.