FedEx income statement

In fiscal 2026, FedEx reported revenue of $94.72bn, up 7.7% on the year before, operating income of $5.46bn (a 5.8% margin) and net income of $4.43bn, or $18.55 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

FedEx: income statement, annual
Fiscal year	2010May 2010	2011May 2011	2012May 2012	2013May 2013	2014May 2014	2015May 2015	2016May 2016	2017May 2017	2018May 2018	2019May 2019	2020May 2020	2021May 2021	2022May 2022	2023May 2023	2024May 2024	2025May 2025	2026May 2026	LTMSept 2026
Revenue	34.7	39.3	42.7	44.3	45.6	47.5	50.4	60.3	65.5	69.7	69.2	84.0	93.5	90.2	87.7	87.9	94.7	95.3
Cost of revenue	—	—	—	—	—	—	—	13.6	15.1	16.7	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	46.7	50.3	53.0	—	—	—	—	—	—	—	—
Operating income	2.0	2.4	3.2	4.4	3.8	1.9	3.1	4.6	4.3	4.5	2.4	5.9	6.2	4.9	5.6	5.2	5.5	5.3
Interest expense	−0.1	0.1	0.1	0.1	0.2	0.2	0.3	0.5	0.6	0.6	0.7	0.8	0.7	0.7	0.7	0.8	1.0	—
Income before tax	1.9	2.3	3.1	4.3	3.7	1.6	2.7	4.6	4.4	0.7	1.7	6.7	4.9	5.4	5.8	5.4	5.8	5.1
Income tax	0.7	0.8	1.1	1.6	1.3	0.6	0.9	1.6	−0.2	0.1	0.4	1.4	1.1	1.4	1.5	1.3	1.4	1.2
Net income	1.2	1.5	2.0	2.7	2.3	1.1	1.8	3.0	4.6	0.5	1.3	5.2	3.8	4.0	4.3	4.1	4.4	3.9
Diluted EPS	$3.76	$4.57	$6.41	$8.55	$7.48	$3.65	$6.51	$11.07	$16.79	$2.03	$4.90	$19.45	$14.33	$15.48	$17.21	$16.81	$18.55	$16.28
Diluted shares (average)	314m	317m	317m	317m	310m	287m	279m	270m	272m	265m	262m	268m	266m	256m	251m	243m	239m	240m
EBITDA	4.0	4.4	5.3	6.8	6.4	4.5	5.7	7.6	7.4	7.8	6.0	9.7	10.2	9.1	9.8	9.5	9.8	9.6

US$ billions unless shown otherwise. Fiscal quarters.

FedEx: income statement, quarterly
Quarter	2025 Q2Nov 2024	2025 Q3Feb 2025	2025 Q4May 2025	2026 Q1Sept 2025	2026 Q2Nov 2025	2026 Q3Feb 2026	2026 Q4May 2026	2027 Q1Sept 2026
Revenue	22.0	22.2	22.2	20.4	23.5	24.0	25.0	22.9
Operating income	1.1	1.3	1.8	1.0	1.4	1.3	1.6	1.1
Income before tax	1.0	1.2	2.2	0.9	1.3	1.3	2.1	0.4
Income tax	0.2	0.3	0.6	0.3	0.3	0.2	0.5	0.1
Net income	0.7	0.9	1.6	0.9	1.0	1.1	1.6	0.3
Diluted EPS	$3.03	$3.76	$6.82	$3.89	$4.04	$4.41	$6.64	$1.21
EBITDA	2.1	2.4	2.9	1.9	2.4	2.5	2.6	2.0

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from FedEx's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to FedEx.