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FedEx FDX International priority — Revenue

Other product segments

U.S. ground
$9.65B+12.3%
U.S. priority
$3.09B+13.7%
International economy
$1.57B+8.6%
U.S. deferred
$1.44B+13.4%
International domestic
$1.18B+5.8%
U.S.
$348M+16.8%
Other
$335M+54.4%

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Other financials

Income statement

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Revenue$25.0B+12.5%
Operating income$1.6B-13.5%
Net income$1.6B-3.1%
EPS (diluted)$6.64-2.6%

Balance sheet

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Cash & equivalents$13.3B+142%
Total debt$42.8B+16.7%
Total equity$31.6B+12.7%
Total assets$98.9B+12.9%

Cash flow

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Operating cash flow$3.3B+29.6%
CapEx$1.5B+0.1%
Free cash flow$1.8B+71.2%

Valuation

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Market cap$73.16B+42.6%
Enterprise value$102.63B+24.4%
P/E16.5×+4.0×
P/S0.8×+0.2×

Profitability

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Gross margin76%
Operating margin5.8%-0.2pp
Net margin4.7%0.0pp
FCF margin5.4%+2.0pp

Returns & leverage

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Return on equity14.8%+0.1pp
Debt / equity1.4×0.0×
Current ratio1.5×+0.3×

Where this comes from

Reported directly by FedEx in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: FedEx’s 10-K, filed July 20, 2026.

Filed
Jul 20, 2026, 4:14 PM EDT
Fiscal year
FY2026
Accession
0001048911-26-000105
Line itemYears ended May 31, 2026Years ended May 31, 2025Years ended May 31, 2024
REVENUE$94,720$87,926$87,693
OPERATING EXPENSES:
Salaries and employee benefits33,84431,23230,961
Purchased transportation23,62021,76820,921
Rentals and landing fees4,8834,6474,571
Depreciation and amortization4,3694,2644,287
Fuel4,0523,7754,710
Maintenance and repairs3,3303,2453,291

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's international priority — revenue?
FedEx (FDX) reported international priority — revenue of $2.64B in Q1 2026.
How has FedEx's international priority — revenue changed year-over-year?
FedEx's international priority — revenue increased by 19.7% year-over-year, from $2.2B to $2.64B.
What is the long-term trend for FedEx's international priority — revenue?
Over 4 years (2022 to 2026), FedEx's international priority — revenue has grown at a -5.6% compound annual growth rate (CAGR), from $12.13B to $9.64B.
What does international priority — revenue mean?
This metric represents the total gross sales generated from premium, time-definite international shipping services. It captures the financial performance of cross-border logistics solutions that prioritize speed and reliability for global customers. As a key segment revenue stream, it reflects the company's ability to capture demand for high-value, urgent international freight and parcel delivery.

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