For fiscal 2026 (ended May 31, 2026), FedEx Corporation reported $94.72B of revenue and $4.43B of net income.
FDX revenue was $22.86B in fiscal Q1 2027 (ended Sep 30, 2026), up 2.7% from a year earlier. For the full fiscal 2026 it was $94.72B, up 7.7% from fiscal 2025. Compound annual growth was +2.4% over 5 years and +6.5% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.
FDX net income was $290.00M in fiscal Q1 2027 (ended Sep 30, 2026), down 64.8% from a year earlier. For the full fiscal 2026 it was $4.43B, up 8.3% from fiscal 2025. Compound annual growth was -3.3% over 5 years and +9.3% over 10 years. It rose in 7 of the last 10 fiscal years.
FDX diluted EPS was $1.21 in fiscal Q1 2027 (ended Sep 30, 2026), down 68.9% from a year earlier. For the full fiscal 2026 it was $18.55, up 10.4% from fiscal 2025. Compound annual growth was -0.9% over 5 years and +11.0% over 10 years.
FDX free cash flow was $1.79B in fiscal Q4 2026 (ended May 31, 2026), up 71.2% from a year earlier and up 72.5% from the prior quarter. For the full fiscal 2026 it was $5.12B, up 71.6% from fiscal 2025. Compound annual growth was +3.8% over 5 years and +19.1% over 10 years. It rose in 2 of the last 5 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | May 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.72B | $87.93B | $87.69B | $90.16B | $93.51B | $83.96B | $69.22B | $69.69B | $65.45B | $60.32B |
| Cost of revenue | - | - | - | - | - | - | - | $16.65B | $15.10B | $13.63B |
| Gross profit | - | - | - | - | - | - | - | $53.04B | $50.35B | $46.69B |
| Operating income | $5.46B | $5.22B | $5.56B | $4.91B | $6.25B | $5.86B | $2.42B | $4.47B | $4.27B | $4.57B |
| Interest expense | $970.00M | $789.00M | $745.00M | $694.00M | $689.00M | $793.00M | $672.00M | $588.00M | $558.00M | $512.00M |
| Pre-tax income | $5.79B | $5.44B | $5.84B | $5.36B | $4.90B | $6.67B | $1.67B | $655.00M | $4.35B | $4.58B |
| Income tax | $1.36B | $1.35B | $1.50B | $1.39B | $1.07B | $1.44B | $383.00M | $115.00M | -$219.00M | $1.58B |
| Net income | $4.43B | $4.09B | $4.33B | $3.97B | $3.83B | $5.23B | $1.29B | $540.00M | $4.57B | $3.00B |
| EPS, basic | $18.71 | $16.96 | $17.41 | $15.60 | $14.54 | $19.79 | $4.92 | $2.06 | $17.08 | $11.24 |
| EPS, diluted | $18.55 | $16.81 | $17.21 | $15.48 | $14.33 | $19.45 | $4.90 | $2.03 | $16.79 | $11.07 |
| Diluted shares | 239.0M | 243.0M | 251.0M | 256.0M | 266.0M | 268.0M | 262.0M | 265.0M | 272.0M | 270.0M |
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | May 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $13.06B | $5.39B | $6.50B | $6.86B | $6.90B | $7.09B | $4.88B | $2.32B | $3.27B | $3.97B |
| Short-term investments | $0 | - | - | - | - | - | - | - | - | - |
| Receivables | $11.52B | $11.37B | $10.09B | $10.19B | $11.86B | $12.07B | $10.10B | $9.12B | $8.48B | $7.60B |
| Current assets | $27.90B | $18.39B | $18.21B | $18.61B | $20.36B | $20.58B | $16.38B | $13.09B | $13.34B | $12.63B |
| Goodwill | $11.51B | $6.60B | $6.42B | $6.43B | $6.54B | $6.99B | $6.37B | $6.88B | $6.97B | $7.15B |
| Total assets | $98.94B | $87.63B | $87.01B | $87.14B | $85.99B | $82.78B | $73.54B | $54.40B | $52.33B | $48.55B |
| Current liabilities | $18.91B | $15.41B | $13.36B | $13.59B | $14.27B | $13.66B | $10.34B | $9.01B | $9.63B | $7.92B |
| Short-term debt | $1.63B | $0 | - | - | - | - | - | - | - | - |
| Long-term debt | $18.81B | $19.15B | $20.14B | $20.45B | $20.18B | $20.73B | $21.95B | $16.62B | $15.24B | $14.91B |
| Total debt | $20.44B | $19.15B | $20.14B | $20.45B | $20.18B | $20.73B | $21.95B | $16.62B | $15.24B | $14.91B |
| Shareholders' equity | $31.65B | $28.07B | $27.58B | $26.09B | $24.94B | $24.17B | $18.30B | $17.76B | $19.42B | $16.07B |
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | May 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.93B | $7.04B | $8.31B | $8.85B | $9.83B | $10.13B | $5.10B | $5.61B | $4.67B | $4.93B |
| Capital expenditures | $3.81B | $4.05B | $5.18B | $6.17B | $6.76B | $5.88B | $5.87B | $5.49B | $5.66B | $5.12B |
| Free cash flow | $5.12B | $2.98B | $3.14B | $2.67B | $3.07B | $4.25B | -$771.00M | $123.00M | -$989.00M | -$186.00M |
| Investing cash flow | -$3.91B | -$4.09B | -$5.20B | -$6.17B | -$6.82B | -$6.01B | -$5.85B | -$5.47B | -$5.68B | -$4.98B |
| Financing cash flow | $2.75B | -$4.02B | -$3.43B | -$2.60B | -$3.02B | -$2.09B | $3.38B | -$1.04B | $227.00M | $528.00M |
| Dividends paid | $1.37B | $1.34B | $1.26B | $1.18B | $793.00M | $686.00M | $679.00M | $683.00M | $535.00M | $426.00M |
| Share repurchases | $796.00M | $3.02B | $2.50B | $1.50B | $2.25B | - | $3.00M | $1.48B | $1.02B | $509.00M |
| Stock-based compensation | $177.00M | $154.00M | $163.00M | $182.00M | $190.00M | $200.00M | $168.00M | $174.00M | $167.00M | $154.00M |
| Depreciation and amortization | $4.37B | $4.26B | $4.29B | $4.18B | $3.97B | $3.79B | $3.62B | $3.35B | $3.10B | $3.00B |
| Line item | May 31, 2026 | May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | May 31, 2019 | May 31, 2018 | May 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 7.7% | 0.3% | -2.7% | -3.6% | 11.4% | 21.3% | -0.7% | 6.5% | 8.5% | 19.8% |
| Net income growth, YoY | 8.3% | -5.5% | 9.0% | 3.8% | -26.9% | 306.8% | 138.1% | -88.2% | 52.6% | 64.7% |
| EPS growth, YoY | 10.4% | -2.3% | 11.2% | 8.0% | -26.3% | 296.9% | 141.4% | -87.9% | 51.7% | 70.0% |
| Gross margin | - | - | - | - | - | - | - | 76.1% | 76.9% | 77.4% |
| Operating margin | 5.8% | 5.9% | 6.3% | 5.4% | 6.7% | 7.0% | 3.5% | 6.4% | 6.5% | 7.6% |
| Net margin | 4.7% | 4.7% | 4.9% | 4.4% | 4.1% | 6.2% | 1.9% | 0.8% | 7.0% | 5.0% |
| Free cash flow margin | 5.4% | 3.4% | 3.6% | 3.0% | 3.3% | 5.1% | -1.1% | 0.2% | -1.5% | -0.3% |
| Return on equity | 14.0% | 14.6% | 15.7% | 15.2% | 15.3% | 21.6% | 7.0% | 3.0% | 23.5% | 18.6% |
| Return on assets | 4.5% | 4.7% | 5.0% | 4.6% | 4.4% | 6.3% | 1.7% | 1.0% | 8.7% | 6.2% |
| Current ratio | 1.48 | 1.19 | 1.36 | 1.37 | 1.43 | 1.51 | 1.58 | 1.45 | 1.39 | 1.59 |
| Debt to equity | 0.65 | 0.68 | 0.73 | 0.78 | 0.81 | 0.86 | 1.20 | 0.94 | 0.79 | 0.93 |
| Line item | Sep 30, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.86B | $25.01B | $24.00B | $23.47B | $22.24B | $22.22B | $22.16B | $21.97B | $21.58B | $22.11B | $21.74B | $22.16B |
| Operating income | $1.07B | $1.55B | $1.35B | $1.38B | $1.19B | $1.79B | $1.29B | $1.05B | $1.08B | $1.55B | $1.24B | $1.28B |
| Pre-tax income | $424.00M | $2.11B | $1.26B | $1.29B | $1.13B | $2.22B | $1.18B | $981.00M | $1.06B | $2.03B | $1.18B | $1.20B |
| Income tax | $134.00M | $510.00M | $207.00M | $333.00M | $310.00M | $575.00M | $272.00M | $240.00M | $262.00M | $554.00M | $304.00M | $302.00M |
| Net income | $290.00M | $1.60B | $1.06B | $956.00M | $824.00M | $1.65B | $909.00M | $741.00M | $794.00M | $1.47B | $879.00M | $900.00M |
| EPS, basic | $1.23 | $7.44 | $4.46 | $4.07 | $2.74 | $6.87 | $3.79 | $3.06 | $3.24 | $5.99 | $3.55 | $3.59 |
| EPS, diluted | $1.21 | $6.21 | $4.41 | $4.04 | $3.89 | $6.81 | $3.76 | $3.03 | $3.21 | $5.92 | $3.51 | $3.55 |
| Diluted shares | 239.0M | - | 239.0M | 236.0M | 237.0M | - | 242.0M | 244.0M | 247.0M | - | 250.0M | 253.0M |
| Line item | Sep 30, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.96B | $13.06B | $8.01B | $6.57B | $6.17B | $5.39B | $5.13B | $5.03B | $5.94B | $6.50B | $5.64B | $6.73B |
| Short-term investments | $3.25B | $0 | - | - | - | - | - | - | - | - | - | - |
| Receivables | $10.89B | $11.52B | $11.81B | $12.16B | $11.52B | $11.37B | $10.23B | $10.74B | $10.31B | $10.09B | $9.90B | $10.66B |
| Current assets | $25.00B | $27.90B | $25.48B | $20.65B | $19.34B | $18.39B | $17.21B | $17.72B | $18.09B | $18.21B | $17.42B | $19.12B |
| Goodwill | $11.33B | $11.51B | $6.76B | $6.63B | $6.67B | $6.60B | $6.33B | $6.29B | $6.51B | $6.42B | $6.42B | $6.47B |
| Total assets | $92.93B | $98.94B | $94.73B | $89.18B | $88.42B | $87.63B | $85.04B | $85.48B | $86.71B | $87.01B | $86.11B | $88.05B |
| Current liabilities | $18.84B | $18.91B | $17.29B | $16.21B | $15.52B | $15.41B | $13.90B | $14.39B | $14.11B | $13.36B | $13.31B | $14.25B |
| Short-term debt | $2.05B | $1.63B | - | - | - | $0 | - | - | - | - | - | - |
| Long-term debt | $17.30B | $18.81B | $22.83B | $20.29B | $20.29B | $19.15B | $19.53B | $19.43B | $19.66B | $20.14B | $20.12B | $20.19B |
| Total debt | $19.36B | $20.44B | $22.83B | $20.29B | $20.29B | $19.15B | $19.53B | $19.43B | $19.66B | $20.14B | $20.12B | $20.19B |
| Shareholders' equity | $34.57B | $31.65B | $29.80B | $28.14B | $27.77B | $28.07B | $26.71B | $26.46B | $27.18B | $27.58B | $26.38B | $26.77B |
| Line item | Sep 30, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | - | $3.27B | $1.99B | $1.95B | $1.72B | $2.52B | $2.01B | $1.32B | $1.19B | $2.70B | $1.61B | $1.77B |
| Capital expenditures | - | $1.47B | $955.00M | $757.00M | $623.00M | $1.47B | $997.00M | $818.00M | $767.00M | $1.20B | $1.38B | $1.30B |
| Free cash flow | - | $1.79B | $1.04B | $1.19B | $1.09B | $1.05B | $1.01B | $500.00M | $420.00M | $1.50B | $231.00M | $469.00M |
| Investing cash flow | - | -$1.48B | -$955.00M | -$861.00M | -$619.00M | -$1.43B | -$1.05B | -$804.00M | -$802.00M | -$1.23B | -$1.36B | -$1.33B |
| Financing cash flow | - | -$127.00M | $3.97B | -$632.00M | -$460.00M | -$847.00M | -$863.00M | -$1.34B | -$969.00M | -$592.00M | -$1.32B | -$791.00M |
| Dividends paid | - | $346.00M | $341.00M | $342.00M | $345.00M | $331.00M | $332.00M | $337.00M | $339.00M | $310.00M | $314.00M | $317.00M |
| Share repurchases | - | $0 | $0 | $296.00M | $500.00M | $500.00M | $497.00M | $1.02B | $1.00B | $500.00M | $1.00B | $500.00M |
| Stock-based compensation | - | $41.00M | $37.00M | $43.00M | $56.00M | $38.00M | $32.00M | $36.00M | $48.00M | $33.00M | $34.00M | $40.00M |
| Depreciation and amortization | $967.00M | $1.10B | $1.11B | $1.07B | $1.09B | $1.06B | $1.07B | $1.06B | $1.08B | $1.10B | $1.07B | $1.04B |
| Line item | Sep 30, 2026 | May 31, 2026 | Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 2.7% | 12.5% | 8.3% | 6.8% | 3.1% | 0.5% | 1.9% | -0.9% | -0.5% | 0.8% | -1.9% | -2.8% |
| Net income growth, YoY | -64.8% | -3.1% | 16.2% | 29.0% | 3.8% | 11.8% | 3.4% | -17.7% | -26.3% | -4.2% | 14.0% | 14.2% |
| EPS growth, YoY | -68.9% | -8.8% | 17.3% | 33.3% | 21.2% | 15.0% | 7.1% | -14.6% | -24.1% | -1.8% | 15.1% | 15.6% |
| Operating margin | 4.7% | 6.2% | 5.6% | 5.9% | 5.3% | 8.1% | 5.8% | 4.8% | 5.0% | 7.0% | 5.7% | 5.8% |
| Net margin | 1.3% | 6.4% | 4.4% | 4.1% | 3.7% | 7.4% | 4.1% | 3.4% | 3.7% | 6.7% | 4.0% | 4.1% |
| Free cash flow margin | - | 7.2% | 4.3% | 5.1% | 4.9% | 4.7% | 4.6% | 2.3% | 1.9% | 6.8% | 1.1% | 2.1% |
| Current ratio | 1.33 | 1.48 | 1.47 | 1.27 | 1.25 | 1.19 | 1.24 | 1.23 | 1.28 | 1.36 | 1.31 | 1.34 |
| Debt to equity | 0.56 | 0.65 | 0.77 | 0.72 | 0.73 | 0.68 | 0.73 | 0.73 | 0.72 | 0.73 | 0.76 | 0.75 |
Source: XBRL data FedEx Corporation files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| FDX | $94.72B | +7.7% | $4.43B | 4.7% | $72.17B |
| DAL | $71.80B | +14.1% | $3.29B | 4.6% | $57.37B |
| UAL | $65.55B | +12.3% | $3.58B | 5.5% | $36.63B |
| RYAAY | €15.54B | +11.4% | €2.17B | 14.0% | $31.21B |
| LUV | $31.55B | +14.5% | $1.05B | 3.3% | $21.76B |
| FDXF | $8.79B | -1.1% | $655.00M | 7.4% | $18.47B |
| LTM | $14.27B | +11.2% | $1.46B | 10.2% | $13.69B |
| AAL | $60.98B | +12.3% | -$481.00M | -0.8% | $8.73B |
| CPA | $3.62B | +5.0% | $671.65M | 18.6% | $5.87B |