FedEx Corporation
Market Data Current As Of: September 19, 2026
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FedEx Corporation
Compare market positioning with top industry peers
Explore FedEx
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 1971 in Memphis, Tennessee
In 1973, Federal Express was bleeding millions of dollars and on the verge of total bankruptcy. They literally did not have the cash to buy jet fuel for the planes to fly the next day. Founder Fred Smith, unable to secure any more bank loans, took the company's last $5,000, flew to Las Vegas, and played Blackjack. Miraculously, he won $27,000, just enough money to buy fuel for the planes to fly on Monday morning. That desperate, insane gamble kept the company alive long enough to secure more funding and eventually build a multi-billion dollar global empire.
Frederick W. Smith incorporates Federal Express Corporation, planning to build an overnight air-delivery network around a central Memphis hub.
Federal Express begins commercial service from Memphis using a hub-and-spoke overnight model, surviving early near-bankruptcy on fuel costs.
The company completes its initial public offering to finance network expansion.
FedEx acquires Caliber System for about $2.4 billion, adding the assets that become FedEx Ground and FedEx Freight.
FedEx acquires TNT Express for about $4.4 billion to expand its European and international express network.
Raj Subramaniam succeeds founder Frederick W. Smith as CEO, becoming only the second CEO in FedEx history, and launches the DRIVE and Network 2.0 transformation programs.
FedEx's planned spin-off of FedEx Freight into an independent public company advances toward completion around mid-2026, with John A. Smith named as the new unit's CEO.
FedEx reports $94.720 billion in FY2026 revenue and $4.433 billion in net income while completing the Network 2.0 integration and FedEx Freight separation process.
FedEx acquired Caliber to expand beyond express delivery into ground parcel and freight.
FedEx acquired TNT to expand European and international express capabilities.
Since its establishment in 1971, FedEx Corporation expanded from an early-stage venture into a recognized leader in Logistics and Courier Services, overcoming key market challenges.
Over its history, FedEx Corporation executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, FedEx Corporation maintains resilience through changing technological and economic cycles.