FedEx Corporation (FDX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 25.01B | 24B | 23.47B | 22.24B | 22.22B | 22.16B | 21.97B | 21.58B | 22.11B | 21.74B | 22.16B | 21.68B | 21.93B | 22.17B | 22.81B | 23.24B | 24.39B | 23.64B | 23.4B | 21.94B |
| Revenue Growth % | 12.54% | 8.3% | 6.84% | 3.08% | 0.5% | 1.94% | -0.89% | -0.47% | 0.82% | -1.94% | -2.84% | -6.72% | -10.1% | -6.23% | -2.52% | 5.94% | 8.11% | 10.06% | 14.2% | 13.54% |
| Cost of Goods Sold | 19.33B | 18.88B | 17.27B | 17.55B | 16.91B | 17.43B | 17.39B | 17.2B | 16.99B | 17.2B | 17.59B | 16.97B | 16.69B | 17.59B | 18.17B | 18.54B | 18.65B | 18.75B | 18.53B | 17.42B |
| COGS % of Revenue | 77.31% | 78.65% | 73.58% | 78.9% | 76.11% | 78.65% | 79.16% | 79.72% | 76.83% | 79.12% | 79.35% | 78.26% | 76.09% | 79.36% | 79.66% | 79.75% | 76.44% | 79.31% | 79.18% | 79.39% |
| Gross Profit | 5.67B | 5.12B | 6.2B | 4.69B | 5.31B | 4.73B | 4.58B | 4.38B | 5.12B | 4.54B | 4.58B | 4.71B | 5.24B | 4.58B | 4.64B | 4.71B | 5.75B | 4.89B | 4.87B | 4.52B |
| Gross Margin % | 22.69% | 21.35% | 26.42% | 21.1% | 23.89% | 21.35% | 20.84% | 20.28% | 23.17% | 20.88% | 20.65% | 21.74% | 23.91% | 20.64% | 20.34% | 20.25% | 23.56% | 20.69% | 20.82% | 20.61% |
| Gross Profit Growth % | 6.86% | 8.29% | 35.4% | 7.27% | 3.63% | 4.23% | 0.04% | -7.15% | -2.29% | -0.79% | -1.38% | 0.13% | -8.79% | -6.46% | -4.74% | 4.11% | 10.77% | 18% | 14.34% | 6.15% |
| Operating Expenses | 3.58B | 3.51B | 4.82B | 3.4B | 3.32B | 3.26B | 3.2B | 3.17B | 3.14B | 3.18B | 3.16B | 3.12B | 3.48B | 3.41B | 3.43B | 3.46B | 3.86B | 3.43B | 3.3B | 3.09B |
| OpEx % of Revenue | 14.33% | 14.62% | 20.55% | 15.27% | 14.95% | 14.71% | 14.57% | 14.68% | 14.18% | 14.64% | 14.24% | 14.4% | 15.85% | 15.37% | 15.03% | 14.9% | 15.81% | 14.5% | 14.1% | 14.09% |
| Selling, General & Admin | 0 | 3.51B | 4.82B | 3.4B | 3.32B | 3.26B | 3.2B | 3.17B | 3.14B | 3.18B | 3.16B | 3.12B | 3.48B | 3.41B | 3.43B | 3.46B | 3.86B | 3.43B | 3.3B | 3.09B |
| SG&A % of Revenue | - | 14.62% | 20.55% | 15.27% | 14.95% | 14.71% | 14.57% | 14.68% | 14.18% | 14.64% | 14.24% | 14.4% | 15.85% | 15.37% | 15.03% | 14.9% | 15.81% | 14.5% | 14.1% | 14.09% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 2.09B | 1.61B | 1.38B | 1.3B | 1.99B | 1.47B | 1.38B | 1.21B | 1.99B | 1.36B | 1.42B | 1.59B | 1.77B | 1.17B | 1.21B | 1.24B | 1.89B | 1.46B | 1.57B | 1.43B |
| Operating Margin % | 8.35% | 6.73% | 5.87% | 5.84% | 8.94% | 6.64% | 6.27% | 5.6% | 8.99% | 6.24% | 6.41% | 7.33% | 8.06% | 5.27% | 5.31% | 5.35% | 7.76% | 6.18% | 6.71% | 6.51% |
| Operating Income Growth % | 5.13% | 9.79% | 0% | 7.45% | 0% | 8.4% | -3.03% | -24.03% | 12.45% | 16.18% | 17.24% | 27.92% | -6.61% | -20.11% | -22.85% | -13.02% | -3.81% | 41.39% | 8.87% | -10.13% |
| EBITDA | 3.19B | 2.73B | 2.45B | 2.39B | 3.04B | 2.54B | 2.44B | 2.29B | 3.09B | 2.43B | 2.46B | 2.66B | 2.84B | 2.2B | 2.26B | 2.27B | 2.91B | 2.45B | 2.57B | 2.4B |
| EBITDA Margin % | 12.74% | 11.36% | 10.42% | 10.74% | 13.7% | 11.45% | 11.11% | 10.59% | 13.98% | 11.17% | 11.1% | 12.27% | 12.96% | 9.92% | 9.9% | 9.75% | 11.93% | 10.35% | 10.96% | 10.94% |
| EBITDA Growth % | 4.66% | 7.49% | 0.2% | 4.55% | -1.52% | 4.45% | -0.81% | -14.09% | 8.76% | 10.46% | 8.99% | 17.38% | -2.34% | -10.17% | -12% | -5.54% | -1.09% | 23.02% | 7.86% | -4.61% |
| D&A (Non-Cash Add-back) | 1.1B | 1.11B | 1.07B | 1.09B | 1.06B | 1.07B | 1.06B | 1.08B | 1.1B | 1.07B | 1.04B | 1.07B | 1.07B | 1.03B | 1.05B | 1.02B | 1.02B | 986M | 995M | 971M |
| EBIT | 2.09B | 1.61B | 1.29B | 1.25B | 2.35B | 1.3B | 1.08B | 1.14B | 2.12B | 1.27B | 1.3B | 1.51B | 2.23B | 1.14B | 1.19B | 1.3B | 895M | 1.54B | 1.53B | 1.62B |
| Net Interest Income | -140M | -138M | -135M | -119M | -124M | -116M | -102M | -84M | -96M | -91M | -97M | -91M | -105M | -122M | -127M | -142M | -158M | -163M | -155M | -160M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53M | 0 | 0 | 0 |
| Interest Expense | 140M | 138M | 135M | 119M | 124M | 116M | 102M | 84M | 96M | 91M | 97M | 91M | 105M | 122M | 127M | 142M | 211M | 163M | 155M | 160M |
| Other Income/Expense | 19M | -352M | -89M | -164M | 236M | -290M | -397M | -152M | 41M | -174M | -219M | -167M | 361M | -146M | -153M | -89M | -1.21B | -87M | -191M | 28M |
| Pretax Income | 2.11B | 1.26B | 1.29B | 1.13B | 2.22B | 1.18B | 981M | 1.06B | 2.03B | 1.18B | 1.2B | 1.42B | 2.13B | 1.02B | 1.06B | 1.15B | 684M | 1.38B | 1.38B | 1.46B |
| Pretax Margin % | 8.43% | 5.26% | 5.49% | 5.1% | 10% | 5.33% | 4.47% | 4.89% | 9.17% | 5.44% | 5.42% | 6.56% | 9.7% | 4.61% | 4.64% | 4.97% | 2.8% | 5.82% | 5.9% | 6.64% |
| Income Tax | 510M | 207M | 333M | 310M | 575M | 272M | 240M | 262M | 554M | 304M | 302M | 345M | 590M | 251M | 271M | 279M | 126M | 263M | 336M | 345M |
| Effective Tax Rate % | 24.19% | 16.39% | 25.83% | 27.34% | 25.87% | 23.03% | 24.46% | 24.81% | 27.32% | 25.7% | 25.12% | 24.24% | 27.73% | 24.56% | 25.59% | 24.18% | 18.42% | 19.13% | 24.35% | 23.68% |
| Net Income | 1.6B | 1.06B | 956M | 824M | 1.65B | 909M | 741M | 794M | 1.47B | 879M | 900M | 1.08B | 1.54B | 771M | 788M | 875M | 558M | 1.11B | 1.04B | 1.11B |
| Net Margin % | 6.39% | 4.4% | 4.07% | 3.7% | 7.42% | 4.1% | 3.37% | 3.68% | 6.67% | 4.04% | 4.06% | 4.97% | 7.01% | 3.48% | 3.45% | 3.76% | 2.29% | 4.7% | 4.46% | 5.07% |
| Net Income Growth % | -3.03% | 16.17% | 29.01% | 3.78% | 11.8% | 3.41% | -17.67% | -26.35% | -4.16% | 14.01% | 14.21% | 23.2% | 175.63% | -30.67% | -24.52% | -21.31% | -70.13% | 24.66% | -14.85% | -10.68% |
| Net Income (Continuing) | 1.6B | 1.06B | 956M | 824M | 1.65B | 909M | 741M | 794M | 1.47B | 879M | 900M | 1.08B | 1.54B | 771M | 788M | 875M | 558M | 1.11B | 1.04B | 1.11B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 6.60 | 4.35 | 3.93 | 3.46 | 6.88 | 3.76 | 3.03 | 3.21 | 5.94 | 3.51 | 3.55 | 4.24 | 6.05 | 3.04 | 3.07 | 3.34 | 2.13 | 4.20 | 3.88 | 4.09 |
| EPS Growth % | -4.07% | 15.69% | 29.7% | 7.79% | 15.82% | 7.12% | -14.65% | -24.29% | -1.82% | 15.46% | 15.64% | 26.95% | 184.04% | -27.62% | -20.88% | -18.34% | -69.04% | 27.27% | -14.73% | -13.35% |
| EPS (Basic) | 6.60 | 4.35 | 3.93 | 3.48 | 6.92 | 3.79 | 3.07 | 3.24 | 5.94 | 3.55 | 3.59 | 4.29 | 6.12 | 3.07 | 3.08 | 3.38 | 2.14 | 4.20 | 3.94 | 4.17 |
| Diluted Shares Outstanding | 241M | 243M | 243M | 243M | 238M | 244M | 244M | 247.35M | 248M | 250M | 253M | 254M | 254M | 253M | 256M | 262M | 261.97M | 265M | 268M | 271M |
| Basic Shares Outstanding | 241M | 243M | 243M | 243M | 238M | 240M | 242M | 247.35M | 246.08M | 247M | 250M | 251M | 251.19M | 251M | 255M | 259M | 261M | 261M | 265M | 266M |
| Dividend Payout Ratio | 21.65% | 32.29% | 35.77% | 41.87% | 20.09% | 36.52% | 45.48% | 42.7% | 21.03% | 35.72% | 35.22% | 29.5% | 18.79% | 37.61% | 37.94% | 34.17% | 34.95% | 17.81% | 19.16% | 17.99% |