FedEx (FDX) financials
FedEx revenue and earnings by year
FedEx's revenue was $94.7 billion in the fiscal year to May 31, 2026, up 7.7% from the year before. Net income was $4.43 billion, 4.7% of revenue. Since the fiscal year to May 31, 2017, revenue has grown 5.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | May 2026 | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 94.7 | 87.9 | 87.7 | 90.2 | 93.5 | 84.0 | 69.2 | 69.7 | 65.5 | 60.3 |
| Revenue growth | 7.7% | 0.3% | -2.7% | -3.6% | 11.4% | 21.3% | -0.7% | 6.5% | 8.5% | — |
| Gross profit | 58.8 | 54.5 | 54.2 | 54.4 | 56.2 | 51.9 | 42.0 | 43.0 | 41.0 | 38.3 |
| Gross margin | 62.1% | 62.0% | 61.8% | 60.3% | 60.1% | 61.8% | 60.7% | 61.6% | 62.6% | 63.5% |
| Operating income | 5.5 | 5.2 | 5.6 | 4.9 | 6.2 | 5.9 | 2.4 | 4.5 | 4.3 | 4.6 |
| Operating margin | 5.8% | 5.9% | 6.3% | 5.4% | 6.7% | 7.0% | 3.5% | 6.4% | 6.5% | 7.6% |
| Net income | 4.4 | 4.1 | 4.3 | 4.0 | 3.8 | 5.2 | 1.3 | 0.5 | 4.6 | 3.0 |
| Net margin | 4.7% | 4.7% | 4.9% | 4.4% | 4.1% | 6.2% | 1.9% | 0.8% | 7.0% | 5.0% |
| Diluted EPS | $14.95 | $13.55 | $13.87 | $12.47 | $11.55 | $15.67 | $3.94 | $1.49 | $13.51 | $8.91 |
| Free cash flow | 5.1 | 3.0 | 3.1 | 2.7 | 3.1 | 4.3 | -0.8 | 0.1 | -1.0 | -0.2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open FDX in Markets.
See also: FDX valuation and P/E history · FDX returns
No forecast, no recommendation. This page describes FedEx from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.