FedEx Freight income statement

In fiscal 2026, FedEx Freight reported revenue of $8.79bn, down 1.1% on the year before, operating income of $540m (a 6.1% margin) and net income of $655m, or $4.38 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$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

FedEx Freight: income statement, annual
Fiscal year	2024May 2024	2025May 2025	2026May 2026
Revenue	9,424	8,892	8,795
Operating income	1,753	1,404	540
Interest expense	0	0	57
Income before tax	2,079	1,802	884
Income tax	505	456	229
Net income	1,574	1,346	655
Diluted EPS	$10.53	$9.00	$4.38
Diluted shares (average)	150m	150m	150m
EBITDA	2,208	1,875	1,052

US$ millions unless shown otherwise. Fiscal quarters.

FedEx Freight: income statement, quarterly
Quarter	2026 Q1Sept 2025	2027 Q1Sept 2026
Revenue	2,259	2,442
Operating income	290	253
Interest expense	0	55
Income before tax	391	204
Income tax	100	57
Net income	291	147
Diluted EPS	$1.95	$0.98
EBITDA	415	367

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 Freight's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to FedEx Freight.