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	65,211	63,954	63,732	65,759	70,101	60,229
Gross Profit	24,882	23,972	23,961	24,396	23,411	23,730
Selling, General & Admin	425	425	421	435	470	428
Other Operating Expenses	13,088	12,538	12,290	13,393	13,174	11,553
Operating Expenses	17,796	17,227	16,998	18,004	17,614	15,774
Operating Income	7,086	6,745	6,963	6,392	5,797	7,956
Interest Expense	-857	-789	-745	-694	-689	-793
Interest & Investment Income	363	363	370	198	53	52
Other Non Operating Income (Expenses)	-41	-45	-70	-107	13	-32
EBT Excluding Unusual Items	6,551	6,274	6,518	5,789	5,174	7,183
Merger & Restructuring Charges	-399	-756	-582	-309	-278	-116
Impairment of Goodwill	-	-	-	-36	-	-
Asset Writedown	-21	-21	-157	-81	-	-
Other Unusual Items	-304	-56	-	-	-	-393
Pretax Income	5,827	5,441	5,836	5,363	4,896	6,674
Income Tax Expense	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
Preferred Dividends & Other Adjustments	6	5	6	6	7	11
Net Income to Common	4,331	4,087	4,325	3,966	3,819	5,220
Net Income Growth	11.55%	-5.52%	9.04%	3.82%	-26.86%	306.76%
Shares Outstanding (Basic)	238	241	248	254	263	264
Shares Outstanding (Diluted)	239	243	251	256	266	268
Shares Change (YoY)	-3.44%	-3.19%	-1.95%	-3.76%	-0.75%	2.29%
EPS (Basic)	18.24	16.96	17.44	15.61	14.52	19.77
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 Per Share	18.23	12.27	12.49	10.45	11.54	15.86
Dividend Per Share	5.730	5.590	5.160	4.710	3.400	2.700
Dividend Growth	6.11%	8.33%	9.55%	38.53%	25.93%	3.85%
Gross Margin	27.62%	27.26%	27.32%	27.06%	25.04%	28.26%
Operating Margin	7.87%	7.67%	7.94%	7.09%	6.20%	9.48%
Profit Margin	4.81%	4.65%	4.93%	4.40%	4.08%	6.22%
Free Cash Flow Margin	4.83%	3.39%	3.58%	2.97%	3.28%	5.06%
EBITDA	11,369	11,009	11,250	10,568	9,767	11,749
EBITDA Margin	12.62%	12.52%	12.83%	11.72%	10.45%	13.99%
D&A For EBITDA	4,283	4,264	4,287	4,176	3,970	3,793
EBIT	7,086	6,745	6,963	6,392	5,797	7,956
EBIT Margin	7.87%	7.67%	7.94%	7.09%	6.20%	9.48%
Effective Tax Rate	25.57%	24.79%	25.79%	25.94%	21.86%	21.62%
Advertising Expenses	-	425	421	435	470	428

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q