FedEx financials
$287.47−0.75%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY26 May 31 | FY25 May 31 | FY24 May 31 | FY23 May 31 | FY22 May 31 | FY21 May 31 | FY20 May 31 | FY19 May 31 | FY18 May 31 | FY17 May 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.72B | $87.93B | $87.69B | $90.16B | $93.51B | $83.96B | $69.22B | $69.69B | $65.45B | $60.32B |
| Gross profit | $94.72B | $87.93B | $87.69B | $90.16B | $93.51B | $83.96B | $69.22B | $69.69B | $65.45B | $60.32B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $5.46B | $5.22B | $5.56B | $4.91B | $5.52B | $5.86B | $2.29B | $1.22B | $4.87B | $4.57B |
| Net income | $4.43B | $4.09B | $4.33B | $3.97B | $3.82B | $5.23B | $1.29B | $539.0M | $4.57B | $3.00B |
| Net margin | 4.7% | 4.6% | 4.9% | 4.4% | 4.1% | 6.2% | 1.9% | 0.8% | 7.0% | 5.0% |
| Diluted EPS | $18.55 | $16.81 | $17.21 | $15.48 | $14.33 | $19.45 | $4.90 | $2.03 | $16.79 | $11.10 |
| EBITDA | $9.86B | $9.50B | $10.00B | $9.21B | $9.49B | $9.77B | $6.34B | $4.89B | $8.35B | $7.56B |
| Operating cash flow | $8.93B | $7.04B | $8.31B | $8.85B | $9.83B | $10.13B | $5.10B | $5.61B | $4.67B | $4.93B |
| Free cash flow | $5.12B | $2.98B | $3.14B | $2.67B | $3.07B | $4.25B | -$771.0M | $123.0M | -$989.0M | -$186.0M |
| Diluted shares | 238.4M | 243.0M | 251.0M | 255.7M | 266.0M | 268.9M | 262.4M | 265.0M | 272.0M | 270.0M |
Balance sheet
| Period end | May 31 | May 31 | May 31 | May 31 | May 31 | May 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $13.31B | $5.50B | $6.50B | $6.86B | $6.90B | $7.09B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $25.71B | $20.58B | $20.20B | $20.58B | $20.26B | $20.88B |
| Total assets | $98.94B | $87.63B | $87.01B | $87.14B | $85.99B | $82.78B |
| Total liabilities | $67.29B | $59.55B | $59.42B | $61.05B | $61.05B | $58.61B |
| Shareholders' equity | $31.65B | $28.07B | $27.58B | $26.09B | $24.94B | $24.17B |
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