Operating Income
Operating Income
FedEx Operating Income decreased by 2.2% to $1.35B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.3%, from $1.29B to $1.35B. Over 4 years (FY 2022 to FY 2026), Operating Income shows relatively stable performance with a -1.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
Metric ID:
is_operating_incomeHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.80B | $1.40B | $1.60B | $1.33B | $1.92B | $1.19B | $1.18B | $1.04B | $1.50B | $1.49B | $1.28B | $1.24B | $1.56B | $1.08B | $1.05B | $1.29B | $1.79B | $1.19B | $1.38B | $1.35B |
| QoQ Change | — | -22.2% | +14.2% | -17.0% | +45.1% | -38.1% | -1.3% | -11.4% | +44.2% | -1.2% | -14.1% | -2.6% | +25.1% | -30.5% | -2.6% | +22.8% | +38.8% | -33.9% | +16.2% | -2.2% |
| YoY Change | — | — | — | — | +7.1% | -14.8% | -26.4% | -21.4% | -21.9% | +24.7% | +8.5% | +19.3% | +3.5% | -27.3% | -17.6% | +3.9% | +15.3% | +9.8% | +31.0% | +4.3% |
Range$1.04B – $1.92B
CAGR-5.9%
Avg YoY Growth-0.1%
Median YoY Growth+4.1%
Business Segments
Operating Income at Other Companies
Frequently Asked Questions
- What is FedEx's operating income?
- FedEx (FDX) reported operating income of $1.35B in Q1 2026.
- How has FedEx's operating income changed year-over-year?
- FedEx's operating income increased by 4.3% year-over-year, from $1.29B to $1.35B.
- What is the long-term trend for FedEx's operating income?
- Over 4 years (2022 to 2026), FedEx's operating income has grown at a -1.7% compound annual growth rate (CAGR), from $6.12B to $5.71B.
- What does operating income mean?
- The profit earned from core business activities, before accounting for interest and taxes.