FDX · Fedex Corp
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | $94.72B | $87.93B | $87.69B | $90.16B | $93.51B | $83.96B | $69.22B | $69.69B | $65.45B | $60.32B | $50.37B | $47.45B | $45.57B | $44.29B | $42.68B | $39.3B | $34.73B | $35.5B | $37.95B | |
| $16.72B | — | — | — | — | — | — | — | $16.65B | $15.1B | $13.63B | — | — | — | — | — | — | — | — | — | |
| $52.97B | — | — | — | — | — | — | — | $53.04B | $50.35B | $46.69B | — | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | 76.1% | 76.93% | 77.4% | — | — | — | — | — | — | — | — | — | |
| — | $54M | $48M | $47M | $52M | $52M | $49M | $66M | $82M | $87M | $91M | $14M | $21M | $23M | $27M | $18M | $32M | — | — | — | |
| — | $4.37B | $4.26B | $4.29B | $4.18B | $3.97B | $3.79B | $3.62B | $3.35B | $3.1B | $3B | $2.63B | $2.61B | $2.59B | $2.39B | $2.11B | $1.97B | $1.96B | $1.98B | $1.95B | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | $133M | — | — | — | |
| $52B | — | — | — | — | — | — | — | — | — | — | $47.29B | $45.59B | $41.75B | $39.85B | $39.49B | $36.93B | — | — | — | |
| — | $89.26B | $82.71B | $82.13B | $85.24B | $87.27B | $78.1B | $66.8B | $65.23B | $61.18B | $55.75B | $47.29B | $45.59B | — | — | — | — | — | — | — | |
| — | $5.46B | $5.22B | $5.56B | $4.91B | $6.25B | $5.86B | $2.42B | $4.47B | $4.27B | $4.57B | $3.08B | $1.87B | $3.82B | $4.43B | $3.19B | $2.38B | $2B | $747M | $2.08B | |
| — | 5.77% | 5.93% | 6.34% | 5.45% | 6.68% | 6.98% | 3.49% | 6.41% | 6.53% | 7.57% | 6.11% | 3.93% | 8.37% | 10.01% | 7.46% | 6.05% | 5.75% | 2.1% | 5.47% | |
| — | $9.83B | $9.48B | $9.85B | $9.09B | $10.22B | $9.65B | $6.03B | $7.82B | $7.37B | $7.56B | $5.71B | $4.48B | $6.4B | $6.82B | $5.3B | $4.35B | $3.96B | $2.72B | $4.02B | |
| — | $970M | $789M | $745M | $694M | $689M | $793M | $672M | $588M | $558M | $512M | $336M | $235M | $160M | $82M | $52M | $86M | -$79M | -$85M | $98M | |
| — | $437M | $363M | $370M | $198M | $53M | $52M | $55M | $59M | $48M | $33M | $21M | $14M | $18M | $21M | $13M | $9M | $8M | $26M | $44M | |
| — | $330M | $224M | $277M | $451M | -$1.35B | $817M | -$748M | -$3.81B | $81M | $13M | -$337M | -$240M | -$157M | -$96M | -$45M | -$113M | -$104M | -$70M | -$59M | |
| — | $5.79B | $5.44B | $5.84B | $5.36B | $4.9B | $6.67B | $1.67B | $655M | $4.35B | $4.58B | $2.74B | $1.63B | $3.66B | $4.34B | $3.14B | $2.27B | $1.89B | $677M | $2.02B | |
| — | $1.36B | $1.35B | $1.51B | $1.39B | $1.07B | $1.44B | $383M | $115M | -$219M | $1.58B | $920M | $577M | $1.33B | $1.62B | $1.11B | $813M | $710M | $579M | $891M | |
| — | $4.43B | $4.09B | $4.33B | $3.97B | $3.83B | $5.23B | $1.29B | $540M | $4.57B | $3B | $1.82B | $1.05B | $2.32B | $2.72B | $2.03B | $1.45B | $1.18B | $98M | $1.13B | |
| — | 4.68% | 4.65% | 4.94% | 4.41% | 4.09% | 6.23% | 1.86% | 0.77% | 6.99% | 4.97% | 3.61% | 2.21% | 5.1% | 6.13% | 4.76% | 3.69% | 3.41% | 0.28% | 2.96% | |
| — | $4.43B | $4.09B | $4.33B | $3.97B | $3.82B | $5.22B | $1.28B | $539M | $4.57B | $2.99B | $1.82B | $1.05B | $2.32B | $2.71B | $2.03B | $1.45B | $1.18B | — | — | |
| — | $4.57B | $4.09B | $4.3B | $3.75B | $3.46B | $5.65B | $953M | $253M | $4.41B | $2.75B | $1.48B | $716M | $2.22B | $2.69B | -$371M | $1.34B | $117M | -$1.22B | $1.73B | |
| USD/shares | — | $18.71 | $16.96 | $17.41 | $12.57 | $11.72 | $15.95 | $3.96 | $1.66 | $13.76 | $9.06 | $5.31 | $2.98 | $6.09 | $6.94 | $5.19 | $3.71 | $3.05 | $0.25 | — |
| USD/shares | — | $18.55G | $16.81G | $17.21G | $12.47G | $11.55G | $15.67 | $3.95 | $1.64 | $13.53 | $8.92 | $5.25 | $2.94 | $6.03 | $6.89 | $5.17 | $3.68 | $3.03 | $0.25 | — |
| shares | — | 237M | 241M | 248M | 315.21M | 326.38M | 327.62M | 323.9M | 325.14M | 331.35M | 330.11M | 342.52M | 351.2M | 380.99M | 390.92M | 390.92M | 390.92M | 387.19M | 385.95M | — |
| shares | — | 239M | 243M | 251M | 317.7M | 330.11M | 332.59M | 325.14M | 328.87M | 337.55M | 335.07M | 346.24M | 356.17M | 384.71M | 393.4M | 393.4M | 393.4M | 389.67M | 387.19M | — |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2026: $22.35B in buybacks, $10.53B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 4 similar-size Integrated Freight & Logistics companies (of 29 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Federal Express Segment | $82,273,000,000 | $75,304,000,000 | $74,663,000,000 | $75,884,000,000 | — | — | — | — |
| Fedex Freight Segment | $8,795,000,000 | $8,892,000,000 | $9,429,000,000 | $10,084,000,000 | $9,532,000,000 | $7,833,000,000 | $7,102,000,000 | $7,582,000,000 |
| FedEx Express Segment | — | — | $40,857,000,000 | $42,743,000,000 | $45,814,000,000 | $42,078,000,000 | $35,513,000,000 | $37,331,000,000 |
| FedEx Ground Segment | — | — | $34,256,000,000 | $33,507,000,000 | $33,232,000,000 | $30,496,000,000 | $22,733,000,000 | $20,522,000,000 |
| FedEx Services Segment | — | — | $260,000,000 | $301,000,000 | $253,000,000 | $32,000,000 | $22,000,000 | $22,000,000 |
By Geography (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| United States | $67,944,000,000 | $62,916,000,000 | $63,531,000,000 | $64,890,000,000 | $64,941,000,000 | $58,792,000,000 | $48,404,000,000 | $47,584,000,000 |
| Non Us | $26,776,000,000 | $25,010,000,000 | $24,162,000,000 | $25,265,000,000 | $28,571,000,000 | $25,167,000,000 | $20,813,000,000 | $22,109,000,000 |
By Product & Service (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Package Revenue | $74,927,000,000 | $68,507,000,000 | $100,593,000,000 | $101,088,000,000 | $35,693,000,000 | $32,480,000,000 | $27,663,000,000 | $29,108,000,000 |
| United States Domestic Package Revenue | $54,638,000,000 | $49,414,000,000 | $63,921,000,000 | $64,398,000,000 | $16,385,000,000 | $14,891,000,000 | $13,048,000,000 | $13,717,000,000 |
| United States Ground | $37,335,000,000 | $33,887,000,000 | $32,981,000,000 | $32,352,000,000 | — | — | — | — |
| International Export Package Revenue | $15,564,000,000 | $14,598,000,000 | $27,835,000,000 | $28,095,000,000 | $14,968,000,000 | $12,949,000,000 | $10,436,000,000 | $10,851,000,000 |
| United States Priority | $11,603,000,000 | $10,520,000,000 | $10,543,000,000 | $10,896,000,000 | — | — | — | — |
| International Priority | $9,639,000,000 | $8,737,000,000 | $18,909,000,000 | $21,877,000,000 | $12,130,000,000 | $10,317,000,000 | $7,354,000,000 | $7,405,000,000 |
| Freight Revenue | $6,056,000,000 | $5,831,000,000 | $12,896,000,000 | $15,303,000,000 | $8,711,000,000 | $8,182,000,000 | $7,113,000,000 | $7,532,000,000 |
| International Economy | $5,925,000,000 | $5,861,000,000 | $8,926,000,000 | $6,218,000,000 | $2,838,000,000 | $2,632,000,000 | $3,082,000,000 | $3,446,000,000 |
| United States Deferred | $5,700,000,000 | $5,007,000,000 | $9,854,000,000 | $10,254,000,000 | $5,330,000,000 | $4,984,000,000 | $4,038,000,000 | $4,225,000,000 |
| International Domestic | $4,725,000,000 | $4,495,000,000 | $8,837,000,000 | $8,595,000,000 | $4,340,000,000 | $4,640,000,000 | $4,179,000,000 | $4,540,000,000 |
| International Priority Freight | $2,560,000,000 | $2,320,000,000 | $4,410,000,000 | $6,119,000,000 | $3,840,000,000 | $3,030,000,000 | $1,915,000,000 | $2,070,000,000 |
| International Economy Freight | $2,244,000,000 | $1,975,000,000 | $3,551,000,000 | $3,229,000,000 | $1,653,000,000 | $1,582,000,000 | $1,930,000,000 | $2,123,000,000 |
| Other | $1,290,000,000 | $966,000,000 | $2,031,000,000 | $2,236,000,000 | $1,410,000,000 | $1,416,000,000 | $737,000,000 | $691,000,000 |
| United States Freight | $1,252,000,000 | $1,536,000,000 | $4,809,000,000 | $5,789,000,000 | $3,041,000,000 | $3,325,000,000 | $2,998,000,000 | $3,025,000,000 |
| International Airfreight | — | — | $126,000,000 | $166,000,000 | $177,000,000 | $245,000,000 | $270,000,000 | $314,000,000 |
| United States Overnight Box | — | — | $8,689,000,000 | $8,916,000,000 | $9,084,000,000 | $8,116,000,000 | $7,234,000,000 | $7,663,000,000 |
| United States Overnight Envelope | — | — | $1,854,000,000 | $1,980,000,000 | $1,971,000,000 | $1,791,000,000 | $1,776,000,000 | $1,829,000,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Federal Express Segment | $5,912,000,000 | $4,885,000,000 | $4,819,000,000 | $4,193,000,000 | — | — | — | — |
| Fedex Freight Segment | $616,000,000 | $1,489,000,000 | $1,821,000,000 | $1,936,000,000 | $1,663,000,000 | $1,005,000,000 | $580,000,000 | $615,000,000 |
| FedEx Express Segment | — | — | $776,000,000 | $1,064,000,000 | $2,922,000,000 | $2,810,000,000 | $996,000,000 | $2,176,000,000 |
| FedEx Ground Segment | — | — | $4,049,000,000 | $3,140,000,000 | $2,642,000,000 | $3,193,000,000 | $2,014,000,000 | $2,663,000,000 |
Operating Margin by Segment (%)
| Component | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Federal Express Segment | 7.2% | 6.5% | 6.5% | 5.5% | — | — | — | — |
| Fedex Freight Segment | 7% | 16.7% | 19.3% | 19.2% | 17.4% | 12.8% | 8.2% | 8.1% |
| FedEx Express Segment | — | — | 1.9% | 2.5% | 6.4% | 6.7% | 2.8% | 5.8% |
| FedEx Ground Segment | — | — | 11.8% | 9.4% | 8% | 10.5% | 8.9% | 13% |