FedEx Corp.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $94.72B | $87.93B | $87.69B | $90.16B | $93.51B | $83.96B | $69.22B | $69.69B |
| FedEx Express | — | — | $40.90B | $42.75B | $45.82B | $42.11B | $35.55B | $37.25B |
| FedEx Ground | — | — | $33.82B | $33.61B | $33.23B | $30.50B | $22.72B | $20.52B |
| FedEx Freight | — | — | $9.11B | $9.60B | $9.51B | $7.80B | $7.09B | $7.45B |
| Corporate Eliminations and Other | — | — | $3.87B | $4.20B | $4.95B | $3.55B | $3.86B | $4.47B |
| Cost of Revenue | — | — | — | — | — | — | — | $16.65B |
| Gross Profit | — | — | — | — | — | — | — | $53.04B |
| Gross Margin | — | — | — | — | — | — | — | 76.1% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $5.46B | $5.22B | $5.56B | $4.91B | $6.25B | $5.86B | $2.42B | $4.47B |
| Operating Margin | 5.8% | 5.9% | 6.3% | 5.4% | 6.7% | 7.0% | 3.5% | 6.4% |
| Interest Expense | — | — | $745.0M | $694.0M | $689.0M | $793.0M | $672.0M | $588.0M |
| Pretax Income | $5.79B | $5.44B | $5.84B | $5.36B | $4.90B | $6.67B | $1.67B | $655.0M |
| Income Tax Expense | $1.36B | $1.35B | $1.51B | $1.39B | $1.07B | $1.44B | $383.0M | $115.0M |
| Net Income | $4.43B | $4.09B | $4.33B | $3.97B | $3.83B | $5.23B | $1.29B | $540.0M |
| Net Margin | 4.7% | 4.7% | 4.9% | 4.4% | 4.1% | 6.2% | 1.9% | 0.8% |
| EPS (Basic) | $18.71 | $16.96 | $17.41 | $15.60 | $14.54 | $19.79 | $4.92 | $2.06 |
| EPS (Diluted) | $18.55 | $16.81 | $17.21 | $15.48 | $14.33 | $19.45 | $4.90 | $2.03 |
| Shares Outstanding (Basic) | 237.0M | 241.0M | 248.0M | 254.0M | 263.0M | 264.0M | 261.0M | 262.0M |
| Shares Outstanding (Diluted) | 239.0M | 243.0M | 251.0M | 256.0M | 266.0M | 268.0M | 262.0M | 265.0M |
| Dividends Per Share | $5.80 | $5.52 | $3.78 | $5.86 | $3.00 | $2.60 | $2.60 | $2.60 |