gross profit bridgeinconsistent2019-05-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$94.72B
Fiscal year ended 2026-05-31Operating income
$5.46B
Fiscal year ended 2026-05-31Free cash flow
Unavailable
Fiscal year ended 2026-05-31FEDEX CORP (FDX) reported revenue of $94.72B and net income of $4.43B for the fiscal year ended 2026-05-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from FEDEX CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Air Courier Services.
Income
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.72B | $87.93B | $87.69B | $90.16B | $93.51B | $83.96B | $69.22B | $69.69B | $65.45B | $60.32B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $16.65B | $15.10B | $13.63B |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $46.69B |
| Operating income | $5.46B | $5.22B | $5.56B | $4.91B | $6.24B | $5.86B | $2.42B | $4.47B | $4.27B | $4.57B |
| Net income | $4.43B | $4.09B | $4.33B | $3.97B | $3.83B | $5.23B | $1.29B | $540.00M | $4.57B | $3.00B |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 239.00M | shares 243.00M | shares 251.00M | shares 256.00M | shares 266.00M | shares 268.00M | shares 262.00M | shares 265.00M | shares 272.00M | shares 270.00M |
| Pretax income | $5.79B | $5.44B | $5.84B | $5.36B | $4.90B | $6.67B | $1.67B | $655.00M | $4.35B | $4.58B |
| Income tax expense | $1.36B | $1.35B | $1.50B | $1.39B | $1.07B | $1.44B | $383.00M | $115.00M | -$219.00M | $1.58B |
| Diluted EPS | $18.55 | $16.81 | $17.21 | $15.48 | $14.33 | $19.45 | $4.90 | $2.03 | $16.79 | $11.07 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $13.31B | $5.50B | $6.50B | $6.86B | $6.90B | $7.09B | $4.88B | $2.32B | $3.26B | $3.97B |
| Total assets | $98.94B | $87.63B | $87.01B | $87.14B | $85.99B | $82.78B | $73.54B | $54.40B | $52.33B | $48.55B |
| Current assets | $27.90B | $18.39B | $18.21B | $18.61B | $20.36B | $20.58B | $16.38B | $13.09B | $13.34B | $12.63B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $18.91B | $15.41B | $13.36B | $13.59B | $14.27B | $13.66B | $10.34B | $9.01B | $9.63B | $7.92B |
| Total equity incl. NCI | $31.65B | $28.07B | $27.58B | $26.09B | $24.94B | $24.17B | $18.30B | $17.76B | $19.42B | $16.07B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $12.67B | $11.37B | $10.09B | $10.19B | $11.86B | $12.07B | $10.10B | $9.12B | $8.48B | $7.60B |
| Goodwill | $6.73B | $6.60B | $6.42B | $6.44B | $6.54B | $6.99B | $6.37B | $6.88B | $6.97B | $7.15B |
| Long-term debt | $23.29B | $19.15B | $20.14B | $20.45B | $20.18B | $20.73B | $21.95B | $16.62B | $15.24B | $14.91B |
| Accounts payable | $4.33B | $3.69B | $3.19B | $3.85B | $4.03B | $3.84B | $3.27B | $3.03B | $2.98B | $2.75B |
Cash flow
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.92B | $7.04B | $8.31B | $8.85B | $9.83B | $10.14B | $5.10B | $5.61B | $4.67B | $4.93B |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$3.91B | -$4.09B | -$5.20B | -$6.17B | -$6.82B | -$6.01B | -$5.85B | -$5.47B | -$5.68B | -$4.98B |
| Financing cash flow | $2.75B | -$4.02B | -$3.43B | -$2.60B | -$3.02B | -$2.09B | $3.38B | -$1.04B | $227.00M | $528.00M |
| Net change in cash | $7.81B | -$999.00M | -$355.00M | -$41.00M | -$190.00M | $2.21B | $2.56B | -$946.00M | -$704.00M | $435.00M |
| Stock-based compensation | $177.00M | $154.00M | $163.00M | $182.00M | $190.00M | $200.00M | $168.00M | $174.00M | $167.00M | $154.00M |
| Common dividends paid | $1.37B | $1.34B | $1.26B | $1.18B | $793.00M | $686.00M | $679.00M | $683.00M | $535.00M | $426.00M |
| Common share repurchases | $796.00M | $3.02B | $2.50B | $1.50B | $2.25B | Unavailable | $3.00M | $1.48B | $1.02B | $509.00M |
| Depreciation & amortization | $4.37B | $4.26B | $4.29B | $4.18B | $3.97B | $3.79B | $3.62B | $3.35B | $3.10B | $3.00B |
Derived
| Metric | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 77.4% |
| Operating margin | 5.8% | 5.9% | 6.3% | 5.4% | 6.7% | 7.0% | 3.5% | 6.4% | 6.5% | 7.6% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% |
| Current ratio | 1.48x | 1.19x | 1.36x | 1.37x | 1.43x | 1.51x | 1.58x | 1.45x | 1.39x | 1.59x |
| Revenue YoY growth | 7.7% | 0.3% | -2.7% | -3.6% | 11.4% | 21.3% | -0.7% | 6.5% | 8.5% | Unavailable |
| Net margin | 4.7% | 4.7% | 4.9% | 4.4% | 4.1% | 6.2% | 1.9% | 0.8% | 7.0% | 5.0% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.74x | 0.68x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 23.5% | 24.8% | 25.8% | 25.9% | 21.9% | 21.6% | 22.9% | 17.6% | -5.0% | 34.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FDX in the interactive workspace to inspect any figure back to its filing.
Source filings
10-K · Filed 2026-07-20View SEC filing
10-Q · Filed 2026-03-19View SEC filing
10-Q · Filed 2025-12-18View SEC filing
10-Q · Filed 2025-09-18View SEC filing
10-K · Filed 2025-07-21View SEC filing
10-Q · Filed 2025-03-20View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2018-05-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.