FedEx financials
$287.47−0.75%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q4 '26 May 31 | Q3 '26 Feb 28 | Q2 '26 Nov 30 | Q1 '26 Aug 31 | Q4 '25 May 31 | Q3 '25 Feb 28 | Q2 '25 Nov 30 | Q1 '25 Aug 31 | Q4 '24 May 31 | Q3 '24 Feb 29 | Q2 '24 Nov 30 | Q1 '24 Aug 31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.01B | $24.00B | $23.47B | $22.24B | $22.22B | $22.16B | $21.97B | $21.58B | $22.11B | $21.74B | $22.16B | $21.68B |
| Gross profit | $42.46B | $17.92B | $17.58B | $15.56B | $38.63B | $16.53B | $16.47B | $15.14B | $44.89B | $14.11B | $22.16B | $21.68B |
| Gross margin | 169.8% | 74.7% | 74.9% | 70.0% | 173.8% | 74.6% | 75.0% | 70.2% | 203.0% | 64.9% | 100.0% | 100.0% |
| Operating income | $1.55B | $1.35B | $1.44B | $1.25B | $1.79B | $1.29B | $1.10B | $1.13B | $1.55B | $1.24B | $1.32B | $1.49B |
| Net income | $1.59B | $1.06B | $956.0M | $824.0M | $1.64B | $909.0M | $741.0M | $794.0M | $1.47B | $878.0M | $898.0M | $1.08B |
| Net margin | 6.4% | 4.4% | 4.1% | 3.7% | 7.4% | 4.1% | 3.4% | 3.7% | 6.7% | 4.0% | 4.1% | 5.0% |
| Diluted EPS | $6.61 | $4.41 | $4.04 | $3.46 | $6.87 | $3.76 | $3.03 | $3.21 | $5.96 | $3.51 | $3.55 | $4.23 |
| EBITDA | $2.67B | $2.46B | $2.50B | $2.34B | $2.87B | $2.36B | $2.17B | $2.21B | $1.71B | $2.31B | $2.50B | $2.56B |
| 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 | $2.23B |
| Free cash flow | $1.79B | $1.04B | $1.19B | $1.09B | $1.05B | $1.01B | $500.0M | $420.0M | $1.50B | $231.0M | $469.0M | $940.0M |
| Diluted shares | 240.5M | 239.0M | 236.0M | 238.0M | 239.0M | 242.0M | 244.0M | 247.0M | 247.0M | 250.0M | 253.0M | 254.0M |
Balance sheet
| Period end | May 31 | Feb 28 | Nov 30 | Aug 31 | May 31 | Feb 28 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $13.31B | $8.01B | $6.57B | $6.17B | $5.50B | $5.13B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $25.71B | $25.25B | $21.20B | $21.17B | $20.58B | $20.14B |
| Total assets | $98.94B | $94.73B | $89.18B | $88.42B | $87.63B | $85.04B |
| Total liabilities | $67.29B | $64.93B | $61.04B | $60.65B | $59.55B | $58.34B |
| Shareholders' equity | $31.65B | $29.80B | $28.14B | $27.77B | $28.07B | $26.71B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology