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FedEx Corporation (FDX) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · Air Freight & Logistics · DATA UPDATED 2026-09-19

FedEx Corporation (FDX) operates in the Air Freight & Logistics industry and is headquartered in Memphis, United States with about 300,000 employees. Its market capitalization is roughly $72 billion. In the fiscal year ended 2026-05-31, FDX reported $94.7B in revenue and $4.4B in net income.

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.

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FDX Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-05-31	2026-05-31	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31	2020-05-31	2019-05-31	2018-05-31	2017-12-31	2017-05-31	2016-12-31	2016-05-31	2015-12-31	2015-05-31	2014-05-31	2013-05-31	2012-05-31	2011-05-31	2010-05-31
Total Revenue	$94.7B	$94.7B	$87.9B	$87.7B	$90.2B	$93.5B	$83.8B	$69.2B	$69.7B	$65.5B	$7.4B	$60.3B	$7.5B	$50.4B	$7.7B	$47.5B	$45.6B	$44.3B	$42.7B	$39.3B	$34.7B
Gross Profit	$21.7B	$20.6B	$19.0B	$19.0B	$19.2B	$20.2B	$17.8B	$13.3B	$14.8B	$14.1B	$6.0B	$13.8B	$6.0B	$11.8B	$6.0B	$10.7B	$9.4B	$8.9B	$8.7B	$7.8B	$6.8B
Gross Margin %	22.9%	21.8%	21.6%	21.6%	21.3%	21.6%	21.2%	19.3%	21.3%	21.6%	80.6%	22.8%	80.1%	23.5%	77.6%	22.7%	20.6%	20.1%	20.4%	19.8%	19.7%
Operating Income (EBIT)	$6.4B	$6.6B	$6.1B	$6.4B	$5.3B	$6.5B	$6.0B	$2.9B	$4.8B	$5.1B	$3.1B	$5.4B	$3.0B	$3.5B	$2.8B	$2.3B	$3.4B	$3.2B	$3.3B	$2.5B	$2.0B
Operating Margin %	6.7%	7.0%	6.9%	7.2%	5.9%	7.0%	7.2%	4.1%	6.9%	7.8%	41.2%	9.0%	40.6%	7.0%	36.9%	4.9%	7.6%	7.2%	7.8%	6.3%	5.8%
Net Income	$4.4B	$4.4B	$4.1B	$4.3B	$4.0B	$3.8B	$5.2B	$1.3B	$540M	$4.6B	$1.1B	$3.0B	$1.9B	$1.8B	$682M	$1.1B	$2.1B	$1.6B	$2.0B	$1.5B	$1.2B
Net Margin %	4.7%	4.7%	4.7%	4.9%	4.4%	4.1%	6.2%	1.9%	0.8%	7.0%	15.2%	5.0%	25.3%	3.6%	8.9%	2.2%	4.6%	3.5%	4.8%	3.7%	3.4%
EBITDA	$10.6B	$11.1B	$10.5B	$10.9B	$10.2B	$9.6B	$11.3B	$6.0B	$4.6B	$8.0B	—	$8.1B	—	$5.7B	—	$4.5B	$6.0B	$4.9B	$5.3B	$4.3B	$3.9B
Earnings Per Share (EPS)	$18.30	$18.55	$16.84	$17.25	$15.52	$14.38	$19.52	$4.91	$2.04	$16.81	—	$11.10	—	$6.52	—	$3.66	$6.76	$4.92	$6.41	$4.58	$3.77
Shares Outstanding (M)	241M	239M	243M	251M	256M	266M	268M	262M	265M	272M	—	270M	—	279M	—	287M	310M	317M	317M	317M	314M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FDX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-05-31	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31
Total Revenue	$25.0B	$24.0B	$23.5B	$22.2B	$22.2B	$22.2B	$22.0B	$21.6B
Gross Profit	$5.7B	$5.1B	$6.2B	$4.7B	$5.3B	$4.7B	$4.6B	$4.4B
Gross Margin %	22.7%	21.3%	26.4%	21.1%	23.9%	21.3%	20.8%	20.3%
Operating Income (EBIT)	$2.1B	$1.6B	$1.4B	$1.3B	$2.0B	$1.5B	$1.4B	$1.2B
Operating Margin %	8.3%	6.7%	5.9%	5.8%	8.9%	6.6%	6.3%	5.6%
Net Income	$1.6B	$1.1B	$956M	$824M	$1.6B	$909M	$741M	$794M
Net Margin %	6.4%	4.4%	4.1%	3.7%	7.4%	4.1%	3.4%	3.7%
EBITDA	$3.2B	$2.7B	$2.4B	$2.3B	$3.4B	$2.4B	$2.1B	$2.2B
Earnings Per Share (EPS)	$6.63	$4.35	$3.93	$3.39	$6.92	$3.73	$3.04	$3.21
Shares Outstanding (M)	241M	243M	243M	243M	238M	244M	244M	247M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FDX Free Cash Flow History

Cash flow	TTM → 2026-05-31	2026-05-31	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31	2020-05-31	2019-05-31	2018-05-31	2017-12-31	2017-05-31	2016-12-31	2016-05-31	2015-12-31	2015-05-31	2014-05-31	2013-05-31	2012-05-31	2011-05-31	2010-05-31
Cash from Operations (CFO)	$8.9B	$8.9B	$7.0B	$8.3B	$8.8B	$9.8B	$10.1B	$5.1B	$5.6B	$4.7B	$2.5B	$4.9B	$2.9B	$5.7B	$2.6B	$5.4B	$4.3B	$4.7B	$4.8B	$4.0B	$3.1B
Capital Expenditures (CapEx)	$3.8B	$3.8B	$4.1B	$5.2B	$6.2B	$6.8B	$5.9B	$5.9B	$5.5B	$5.7B	$3.1B	$5.1B	$2.9B	$4.8B	$3.5B	$4.3B	$3.5B	$3.4B	$4.0B	$3.4B	$2.8B
Free Cash Flow (FCF)	$5.1B	$5.1B	$3.0B	$3.1B	$2.6B	$3.1B	$4.3B	($771M)	$123M	($989M)	($672M)	($186M)	($30M)	$890M	($918M)	$1.0B	$731M	$1.3B	$828M	$607M	$322M
FCF Margin %	5.4%	5.4%	3.4%	3.6%	2.9%	3.3%	5.1%	-1.1%	0.2%	-1.5%	-9.0%	-0.3%	-0.4%	1.8%	-12.0%	2.1%	1.6%	3.0%	1.9%	1.5%	0.9%
Dividends Paid	$1.4B	$1.4B	$1.3B	$1.3B	$1.2B	$793M	$686M	$679M	$683M	$535M	$1.1B	$426M	$1.0B	$277M	$1.0B	$227M	$187M	$177M	$164M	$151M	$138M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FDX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-05-31	2026-02-28	2025-11-30	2025-08-31	2025-05-31	2025-02-28	2024-11-30	2024-08-31
Cash from Operations (CFO)	$3.3B	$2.0B	$2.0B	$1.7B	$2.5B	$2.0B	$1.3B	$1.2B
Capital Expenditures (CapEx)	$1.5B	$955M	$757M	$623M	$1.5B	$997M	$818M	$767M
Free Cash Flow (FCF)	$1.8B	$1.0B	$1.2B	$1.1B	$1.0B	$1.0B	$500M	$420M
FCF Margin %	7.2%	4.3%	5.1%	4.9%	4.7%	4.6%	2.3%	1.9%
Dividends Paid	$346M	$341M	$342M	$345M	$331M	$332M	$337M	$339M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FDX Balance Sheet History

Balance sheet	2026-05-31	2026-05-31	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31	2020-05-31	2019-05-31	2018-05-31	2017-05-31	2016-05-31	2015-05-31	2014-05-31	2013-05-31	2012-05-31	2011-05-31	2010-05-31	2009-05-31	2008-05-31	2007-05-31
Total Assets	$98.9B	$98.9B	$87.6B	$87.0B	$87.1B	$86.0B	$82.8B	$73.5B	$54.4B	$52.3B	$48.6B	$46.1B	$37.1B	$33.1B	$33.6B	$29.9B	$27.4B	$24.9B	$24.2B	$25.6B	$24.0B
Cash & Cash Equivalents	$13.3B	$13.3B	$5.5B	$6.5B	$6.9B	$6.9B	$7.1B	$4.9B	$2.3B	$3.3B	$4.0B	$3.5B	$3.8B	$2.9B	$4.9B	$2.8B	$2.3B	$2.0B	$2.3B	$1.5B	$1.6B
Total Liabilities	$67.3B	$67.3B	$59.6B	$59.4B	$61.1B	$61.1B	$58.6B	$55.2B	$36.6B	$32.9B	$32.5B	$32.3B	$22.1B	$17.8B	$16.2B	$15.2B	$12.2B	$11.1B	$10.6B	$11.1B	$11.3B
Total Debt (Short + Long-Term)	$28.4B	$28.4B	$23.1B	$22.7B	$23.0B	$22.7B	$23.1B	$23.5B	$17.6B	$16.6B	$14.9B	$13.8B	$7.3B	$4.7B	$3.0B	$2.1B	$1.7B	$1.9B	$2.6B	$2.0B	$2.6B
Total Shareholders' Equity	$31.6B	$31.6B	$28.1B	$27.6B	$26.1B	$24.9B	$24.2B	$18.3B	$17.8B	$19.4B	$16.1B	$13.8B	$15.0B	$15.3B	$17.4B	$14.7B	$15.2B	$13.8B	$13.6B	$14.5B	$12.7B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FDX viewer.

FDX Metric Deep Dives

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