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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 2026-07-13

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 $75 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 statementTTM → 2026-05-312026-05-312025-05-312024-05-312023-05-312022-05-312021-05-312020-05-312019-05-312018-05-312017-12-312017-05-312016-12-312016-05-312015-12-312015-05-312014-05-312013-05-312012-05-312011-05-312010-05-31
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$11.0B$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)241M239M243M251M256M266M268M262M265M272M270M279M287M310M317M317M317M314M

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 statement2026-05-312026-02-282025-11-302025-08-312025-05-312025-02-282024-11-302024-08-31
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)241M243M243M243M238M244M244M247M

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

FDX Free Cash Flow History

Cash flowTTM → 2026-05-312026-05-312025-05-312024-05-312023-05-312022-05-312021-05-312020-05-312019-05-312018-05-312017-12-312017-05-312016-12-312016-05-312015-12-312015-05-312014-05-312013-05-312012-05-312011-05-312010-05-31
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 flow2026-05-312026-02-282025-11-302025-08-312025-05-312025-02-282024-11-302024-08-31
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 sheet2026-05-312026-05-312025-05-312024-05-312023-05-312022-05-312021-05-312020-05-312019-05-312018-05-312017-05-312016-05-312015-05-312014-05-312013-05-312012-05-312011-05-312010-05-312009-05-312008-05-312007-05-31
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)$5.1B$5.1B$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.

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