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	Feb '26 Feb 28, 2026	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	91,933	87,926	87,693	90,155	93,512	83,959
Revenue Growth (YoY)	4.69%	0.27%	-2.73%	-3.59%	11.38%	21.30%
Cost of Revenue	67,346	64,667	64,454	66,813	69,375	62,212
Gross Profit	24,587	23,259	23,239	23,342	24,137	21,747
Depreciation & Amortization Expenses	4,329	4,264	4,287	4,176	3,970	3,793
Other Operating Expenses	14,537	13,778	13,393	14,254	13,922	12,097
Total Operating Expenses	18,866	18,042	17,680	18,430	17,892	15,890
Operating Income	5,705	5,217	5,559	4,912	6,245	5,857
Interest Income	-	363	370	198	53	52
Interest Expense	-392	-789	-745	-694	-689	-793
Other Non-Operating Income (Expense)	720	650	652	947	-713	1,558
Total Non-Operating Income (Expense)	328	224	277	451	-1,349	817
Pretax Income	5,909	5,441	5,836	5,363	4,896	6,674
Provision for Income Taxes	1,425	1,349	1,505	1,391	1,070	1,443
Net Income	4,484	4,092	4,331	3,972	3,826	5,231
Net Income to Common	4,484	4,092	4,331	3,972	3,826	5,231
Net Income Growth	14.45%	-5.52%	9.04%	3.82%	-26.86%	306.76%
Shares Outstanding (Basic)	236	241	248	254	263	264
Shares Outstanding (Diluted)	238	243	251	256	266	268
Shares Change (YoY)	-2.76%	-3.19%	-1.95%	-3.76%	-0.75%	2.29%
EPS (Basic)	18.89	16.96	17.41	15.60	14.54	19.79
EPS (Diluted)	18.79	16.81	17.21	15.48	14.33	19.45
EPS Growth	17.88%	-2.32%	11.18%	8.03%	-26.32%	296.94%
Free Cash Flow	4,371	2,981	3,136	2,674	3,069	4,251
Free Cash Flow Growth	46.63%	-4.94%	17.28%	-12.87%	-27.81%	-
Free Cash Flow Per Share	18.38	12.27	12.49	10.45	11.54	15.86
Dividends Per Share	5.800	5.590	5.160	4.710	3.400	2.700
Dividend Growth	3.76%	8.33%	9.55%	38.53%	25.93%	3.85%
Gross Margin	26.74%	26.45%	26.50%	25.89%	25.81%	25.90%
Operating Margin	6.21%	5.93%	6.34%	5.45%	6.68%	6.98%
Profit Margin	4.88%	4.65%	4.94%	4.41%	4.09%	6.23%
FCF Margin	4.75%	3.39%	3.58%	2.97%	3.28%	5.06%
EBITDA	10,034	9,481	9,846	9,088	10,215	9,650
EBITDA Margin	10.91%	10.78%	11.23%	10.08%	10.92%	11.49%
EBIT	5,705	5,217	5,559	4,912	6,245	5,857
EBIT Margin	6.21%	5.93%	6.34%	5.45%	6.68%	6.98%
Effective Tax Rate	24.12%	24.79%	25.79%	25.94%	21.85%	21.62%

Updated Mar 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q