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FedEx FDX Federal Express segment — Revenue

Other segment segments

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$2.41B+4.8%

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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$72.73B+42.6%
Enterprise value$102.2B+24.4%
P/E16.4×+3.9×
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 item202620252024
Federal Express segment:
Revenue$82,273$75,304$74,663
Operating expenses:
Salaries and employee benefits27,46525,09124,606
Purchased transportation21,81219,97419,330
Rentals and landing fees4,1533,9393,863
Depreciation and amortization3,7993,7223,754
Fuel3,5653,3164,137

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is FedEx's federal express segment — revenue?
FedEx (FDX) reported federal express segment — revenue of $21.57B in Q1 2026.
How has FedEx's federal express segment — revenue changed year-over-year?
FedEx's federal express segment — revenue increased by 13.7% year-over-year, from $18.98B to $21.57B.
What is the long-term trend for FedEx's federal express segment — revenue?
Over 3 years (2023 to 2026), FedEx's federal express segment — revenue has grown at a 2.7% compound annual growth rate (CAGR), from $75.88B to $82.27B.
What does federal express segment — revenue mean?
This represents the total gross income generated by the express delivery business segment. It reflects the volume and pricing power of the company's core overnight and time-definite shipping services.

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