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FedEx FDX U.S. — Revenue

Other product segments

U.S. ground
$9.65B+12.3%
U.S. priority
$3.09B+13.7%
International priority
$2.64B+19.7%
International economy
$1.57B+8.6%
U.S. deferred
$1.44B+13.4%
International domestic
$1.18B+5.8%
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 U.S. — revenue?
FedEx (FDX) reported U.S. — revenue of $348M in Q1 2026.
How has FedEx's U.S. — revenue changed year-over-year?
FedEx's U.S. — revenue increased by 16.8% year-over-year, from $298M to $348M.
What is the long-term trend for FedEx's U.S. — revenue?
Over 3 years (2022 to 2026), FedEx's U.S. — revenue has grown at a -25.6% compound annual growth rate (CAGR), from $3.04B to $1.25B.
What does U.S. — revenue mean?
This metric represents the total gross income generated specifically from freight transportation services within the United States market. It captures the financial performance of asset-based less-than-truckload shipping operations, reflecting demand for domestic heavy-freight logistics. This figure is a critical indicator of the company's domestic industrial shipping volume and pricing power within the regional freight sector.

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