FedEx Corporation
Financial Performance
FedEx Revenue & Financials
Revenue
$94.7B (FY2026)
Market Cap
$73B
Net Income
$4.4B
Employees
529,000
What is FedEx's revenue?
FedEx had $94.7B in revenue for fiscal year 2026, up 7.7% from 2025. Net income was $4.4B.
- Latest revenue
- $94.7B (FY2026)
- Year-over-year
- +7.7%
- Growth rate (CAGR)
- 5.1% over 9 years
- Peak revenue
- $94.7B (FY2026)
- Years of data
- 10
- Employees
- 529,000
Financial Analysis
FedEx's FY2026 results showed steady growth on a lower cost base. Revenue rose to $94.7 billion and GAAP operating income to $5.46 billion (5.8% margin; 7.0% adjusted). The company said it beat its goal of $1 billion in transformation savings for the year, and capital spending fell 6% to $3.8 billion, or 4.0% of revenue, the lowest ratio in its history. Fourth-quarter revenue was $25.0 billion with adjusted EPS of $6.31. Spin-off costs of $2.46 per share and business optimization costs of $1.19 per share explain most of the gap between GAAP and adjusted earnings. FedEx Corporation is a monumental global courier and logistics company, maintaining a market valuation generally exceeding $70 billion.
Revenue Trend Analysis
YoY Change
+7.7%
9-Year CAGR
+5.1%
Peak Year
2026
Trend
Mostly Growing
FedEx Corporation has 10 full fiscal year figures on this page, compounding at +5.1% annually over 9 years. The most recent year saw a 7.7% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $94.7B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2026 | $94.7B | $5.5Bfiling | $4.4B | +7.7% | FedEx FY2026 Form 10-K FY2026 revenue $94.720B; GAAP operating income $5.46B; net income $4.433B; diluted EPS $18.55 ($20.24 adjusted). Q4 revenue $25.0B. |
| FY2025 | $87.9B | $5.2Bfiling | $4.1B | +0.3% | FedEx FY2025 Form 10-K FY2025 revenue was $87.926B. |
| FY2024 | $87.7B | $5.6Bfiling | $4.3B | -2.7% | FedEx FY2024 Form 10-K FY2024 revenue was $87.693B. |
| FY2023 | $90.2B | $4.9B | $4B | -3.6% | FedEx Corporation annual report (Form 10-K, SEC EDGAR, filed 2025-07-21) Fiscal year ended 2023-05-31. |
| FY2022 | $93.5B | $6.2B | $3.8B | +11.4% | FedEx Corporation annual report (Form 10-K, SEC EDGAR, filed 2024-07-15) Fiscal year ended 2022-05-31. |
| FY2021 | $84B | $5.9B | $5.2B | +21.3% | FedEx Corporation annual report (Form 10-K, SEC EDGAR, filed 2023-07-17) Fiscal year ended 2021-05-31. |
| FY2020 | $69.2B | $2.4B | $1.3B | -0.7% | FedEx Corporation annual report (Form 10-K, SEC EDGAR, filed 2022-07-18) Fiscal year ended 2020-05-31. |
| FY2019 | $69.7B | $4.5B | $540M | +6.5% | FedEx Corporation annual report (Form 10-K, SEC EDGAR, filed 2021-07-19) Fiscal year ended 2019-05-31. |
| FY2018 | $65.5B | $4.3B | $4.6B | +8.5% | FedEx Corporation annual report (Form 10-K, SEC EDGAR, filed 2020-07-20) Fiscal year ended 2018-05-31. |
| FY2017 | $60.3B | $4.6B | $3B | — | FedEx Corporation annual report (Form 10-K, SEC EDGAR, filed 2019-07-16) Fiscal year ended 2017-05-31. |
Click any row to see year details.
FedEx Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row.
| Fiscal Year | Operating cash flow | Total assets | Shareholders' equity | Source |
|---|---|---|---|---|
| FY2026ended May 31, 2026 | $8.9B | $98.9B | $31.6B | Form 10-K |
| FY2025ended May 31, 2025 | $7B | $87.6B | $28.1B | Form 10-K |
| FY2024ended May 31, 2024 | $8.3B | $87B | $27.6B | Form 10-K |
| FY2023ended May 31, 2023 | $8.8B | $87.1B | $26.1B | Form 10-K |
| FY2022ended May 31, 2022 | $9.8B | $86B | $24.9B | Form 10-K |
| FY2021ended May 31, 2021 | $10.1B | $82.8B | $24.2B | Form 10-K |
| FY2020ended May 31, 2020 | $5.1B | $73.5B | $18.3B | Form 10-K |
| FY2019ended May 31, 2019 | $5.6B | $54.4B | $17.8B | Form 10-K |
| FY2018ended May 31, 2018 | $4.7B | $52.3B | $19.4B | Form 10-K |
| FY2017ended May 31, 2017 | $4.9B | $48.6B | $16.1B | Form 10-K |
Keep researching FedEx
FedEx Revenue and Financial FAQ
What is FedEx's annual revenue?
FedEx reported $94.7 billion in revenue for fiscal 2026 (ended May 31, 2026), up from $87.9 billion in fiscal 2025.
Is FedEx profitable?
Yes. FedEx earned $4.43 billion in net income in fiscal 2026, with GAAP operating income of $5.46 billion (5.8% margin) and adjusted operating margin of 7.0%.
What was FedEx's EPS in fiscal 2026?
Diluted EPS was $18.55 on a GAAP basis and $20.24 adjusted. Fourth-quarter adjusted EPS was $6.31 on $25.0 billion of revenue.
How much does FedEx spend on capital expenditures?
FedEx spent $3.8 billion on capital projects in fiscal 2026, 6% less than in fiscal 2025 and 4.0% of revenue, the lowest ratio in company history.
What is FedEx's financial outlook?
After the Freight spin-off FedEx guided to adjusted EPS of $16.90 to $18.10 and revenue growth of about 11% for its next reporting period, and expects $2 billion in Network 2.0 and one-FedEx savings by the end of calendar 2027.
How does the FedEx Freight spin-off affect FedEx's financials?
From June 1, 2026, LTL freight revenue and profit are reported by FedEx Freight (FDXF) rather than FedEx Corp. Spin-off costs reduced FY2026 EPS by $2.46 per share.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "FedEx Revenue & Financials." CorpDigest, https://corpdigest.com/company/fedex/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>FedEx reported $94.7B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/fedex/financials" target="_blank" rel="noopener">CorpDigest — FedEx financials</a></div>Related Financial Audits
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