FedEx Income Statement

Financials in millions USD. Fiscal year is June - May.

Millions USD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	90,093	87,926	87,693	90,155	93,512	83,959
Revenue Growth (YoY)	3.09%	0.27%	-2.73%	-3.59%	11.38%	21.30%
Cost of Revenue	65,944	64,667	64,454	66,813	69,375	62,212
Gross Profit	24,149	23,259	23,239	23,342	24,137	21,747
Depreciation & Amortization Expenses	4,283	4,264	4,287	4,176	3,970	3,793
Other Operating Expenses	14,196	13,778	13,393	14,254	13,922	12,097
Operating Income	5,649	5,217	5,559	4,912	6,245	5,857
Interest Income	-	363	370	198	53	52
Interest Expense	-370	-789	-745	-694	-689	-793
Other Non-Operating Income (Expense)	672	650	652	947	-713	1,558
Total Non-Operating Income (Expense)	302	224	277	451	-1,349	817
Pretax Income	5,827	5,441	5,836	5,363	4,896	6,674
Provision for Income Taxes	1,490	1,349	1,505	1,391	1,070	1,443
Net Income	4,337	4,092	4,331	3,972	3,826	5,231
Net Income to Common	4,337	4,092	4,331	3,972	3,826	5,231
Net Income Growth	11.55%	-5.52%	9.04%	3.82%	-26.86%	306.76%
Shares Outstanding (Basic)	237	241	248	254	263	264
Shares Outstanding (Diluted)	239	243	251	256	266	268
Shares Change (YoY)	-3.25%	-3.19%	-1.95%	-3.76%	-0.75%	2.29%
EPS (Basic)	18.22	16.96	17.41	15.60	14.54	19.79
EPS (Diluted)	18.14	16.81	17.21	15.48	14.33	19.45
EPS Growth	15.62%	-2.32%	11.18%	8.03%	-26.32%	296.94%
Free Cash Flow	4,348	2,981	3,136	2,674	3,069	4,251
Free Cash Flow Growth	45.86%	-4.94%	17.28%	-12.87%	-27.81%	-
Free Cash Flow Per Share	18.23	12.27	12.49	10.45	11.54	15.86
Dividends Per Share	5.730	5.590	5.160	4.710	3.400	2.700
Dividend Growth	2.50%	8.33%	9.55%	38.53%	25.93%	3.85%
Gross Margin	26.80%	26.45%	26.50%	25.89%	25.81%	25.90%
Operating Margin	6.27%	5.93%	6.34%	5.45%	6.68%	6.98%
Profit Margin	4.81%	4.65%	4.94%	4.41%	4.09%	6.23%
FCF Margin	4.83%	3.39%	3.58%	2.97%	3.28%	5.06%
EBITDA	9,932	9,481	9,846	9,088	10,215	9,650
EBITDA Margin	11.02%	10.78%	11.23%	10.08%	10.92%	11.49%
EBIT	5,649	5,217	5,559	4,912	6,245	5,857
EBIT Margin	6.27%	5.93%	6.34%	5.45%	6.68%	6.98%
Effective Tax Rate	25.57%	24.79%	25.79%	25.94%	21.85%	21.62%

Updated Nov 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.