Revenue
$25.01B
Fiscal year ended 2026-05-31Operating income
$1.55B
Fiscal year ended 2026-05-31Free cash flow
Unavailable
Fiscal year ended 2026-05-31FEDEX CORP (FDX) reported revenue of $25.01B and net income of $1.60B 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 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.01B | $24.00B | $23.47B | $22.24B | $22.22B | $22.16B | $21.97B | $21.58B | $22.11B | $21.74B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $1.55B | $1.35B | $1.38B | $1.19B | $1.79B | $1.29B | $1.05B | $1.08B | $1.56B | $1.24B |
| Net income | $1.60B | $1.06B | $956.00M | $824.00M | $1.65B | $909.00M | $741.00M | $794.00M | $1.47B | $879.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | Unavailable | shares 239.00M | shares 236.00M | shares 238.00M | Unavailable | shares 242.00M | shares 244.00M | shares 247.00M | Unavailable | shares 250.00M |
| Pretax income | $2.11B | $1.26B | $1.29B | $1.13B | $2.22B | $1.18B | $981.00M | $1.06B | $2.03B | $1.18B |
| Income tax expense | $510.00M | $207.00M | $333.00M | $310.00M | $575.00M | $272.00M | $240.00M | $262.00M | $554.00M | $304.00M |
| Diluted EPS | Unavailable | $4.41 | $4.04 | $3.46 | Unavailable | $3.76 | $3.03 | $3.21 | Unavailable | $3.51 |
| 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 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $13.31B | $8.01B | $6.57B | $6.17B | $5.50B | $5.14B | $5.03B | $5.94B | $6.50B | $5.64B |
| Total assets | $98.94B | $94.73B | $89.18B | $88.42B | $87.63B | $85.04B | $85.48B | $86.71B | $87.01B | $86.11B |
| Current assets | $27.90B | $25.48B | $20.65B | $19.34B | $18.39B | $17.21B | $17.72B | $18.09B | $18.21B | $17.42B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $18.91B | $17.29B | $16.21B | $15.52B | $15.41B | $13.90B | $14.39B | $14.11B | $13.36B | $13.31B |
| Total equity incl. NCI | $31.65B | $29.80B | $28.14B | $27.77B | $28.07B | $26.71B | $26.46B | $27.18B | $27.58B | $26.38B |
| 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 | $11.81B | $12.16B | $11.52B | $11.37B | $10.23B | $10.74B | $10.31B | $10.09B | $9.90B |
| Goodwill | $6.73B | $6.76B | $6.63B | $6.67B | $6.60B | $6.33B | $6.29B | $6.51B | $6.42B | $6.42B |
| Long-term debt | $23.29B | $22.83B | $20.29B | $20.29B | $19.15B | $19.53B | $19.43B | $19.66B | $20.14B | $20.12B |
| Accounts payable | $4.33B | $4.15B | $4.66B | $4.22B | $3.69B | $3.60B | $3.90B | $3.74B | $3.19B | $3.78B |
Cash flow
| Metric | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.26B | $1.99B | $1.95B | $1.72B | $2.52B | $2.01B | $1.32B | $1.19B | $2.70B | $1.61B |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$1.48B | -$955.00M | -$861.00M | -$619.00M | -$1.43B | -$1.05B | -$804.00M | -$802.00M | -$1.23B | -$1.36B |
| Financing cash flow | -$127.00M | $3.97B | -$632.00M | -$460.00M | -$847.00M | -$863.00M | -$1.34B | -$969.00M | -$592.00M | -$1.32B |
| Net change in cash | $1.62B | $5.12B | $404.00M | $664.00M | $367.00M | $106.00M | -$914.00M | -$558.00M | $857.00M | -$1.08B |
| Stock-based compensation | $41.00M | $37.00M | $43.00M | $56.00M | $38.00M | $32.00M | $36.00M | $48.00M | $33.00M | $34.00M |
| Common dividends paid | $346.00M | $341.00M | $342.00M | $345.00M | $331.00M | $332.00M | $337.00M | $339.00M | $310.00M | $314.00M |
| Common share repurchases | $0 | $0 | $296.00M | $500.00M | $500.00M | $497.00M | $1.02B | $1.00B | $500.00M | $1.00B |
| Depreciation & amortization | $1.10B | $1.11B | $1.07B | $1.09B | $1.06B | $1.07B | $1.06B | $1.08B | $1.10B | $1.07B |
Derived
| Metric | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 6.2% | 5.6% | 5.9% | 5.3% | 8.1% | 5.8% | 4.8% | 5.0% | 7.0% | 5.7% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 0.2% | 0.2% | 0.2% | 0.3% | 0.2% | 0.1% | 0.2% | 0.2% | 0.1% | 0.2% |
| Current ratio | 1.48x | 1.47x | 1.27x | 1.25x | 1.19x | 1.24x | 1.23x | 1.28x | 1.36x | 1.31x |
| Revenue YoY growth | 12.5% | 8.3% | 6.8% | 3.1% | 0.5% | 1.9% | -0.9% | -0.5% | 0.8% | -1.9% |
| Net margin | 6.4% | 4.4% | 4.1% | 3.7% | 7.4% | 4.1% | 3.4% | 3.7% | 6.7% | 4.0% |
| 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 | 0.77x | 0.72x | 0.73x | 0.68x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 24.2% | 16.4% | 25.8% | 27.3% | 25.9% | 23.0% | 24.5% | 24.8% | 27.3% | 25.7% |
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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.